The Loketch Group will complete a like-kind exchange with the proceeds of the sale primarily with development opportunities in Brooklyn.        

Strong tenant demand has also caused rents to rise, with the overall average rent higher by 7.8% year-over-year, including 10 submarkets that record rent increases of more than 10% during that period.        

The firm has acquired 53 acres for the 777,000SF, three-building industrial park in an Atlanta Northwest submarket.        

The new facility will be constructed by the Hillwood Group of Dallas and Chapman Properties of Leetsdale, PA. Amazon has committed to investing more than $30 million into the project, state officials note.        

As the industry continues to iron out the regulatory process, investment interest should grow.        

The industrial investor partners with an institutional client to purchase the 226,000-square-foot distribution center.        

The Laurel Park Commerce Center sells for $200 per square foot, the highest price in the South Bay market.        

The 13-building property totals nearly 900,000 square feet, making it the firm’s largest acquisition to date.        

The Camber-Advance Realty venture sold the four-building complex totaling 529,110 square feet to a partnership comprised of Los Angeles-based Cohen Asset Management, Inc. and Intercontinental Real Estate Corporation of Boston.        

Cushman & Wakefield reported six recent lease deals at the 318,062-square-foot complex, developed by Butters Construction & Development in Broward County, which consists of three buildings (Six, Seven and Eight).        

In June, the Port Authority predicted record activity levels at the Port of New York and New Jersey. On Thursday, the authority reported that during the first six months of 2019, the port set a new all-time record for cargo, handling 3,652,841 TEUs (20-foot equivalent units).        

Harf joined Stan Johnson Co. of Tulsa, OK in October 2011 and has been focused on the sale of net lease assets, working with some of the nation’s most respected and trusted institutions, private equity managers and merchant developers.        

Brechner joins Colliers with more than 35 years of experience leading companies with revenues in excess of $10 million. For the past 20 years he led ventures within the analytical laboratory and quality assurance industry.        

Constructed in 1987, Morristown North Commerce Center is a two-story property that spans 14 acres. It currently has 32,997 square feet of office/lab/cleanroom space and 14,322 square feet of office space available for lease.        

The investor sees Phoenix as a strategic long-term investment market, and is looking to expand its portfolio.        

The two new fulfillment centers will be developed in Akron and Rossford and will each total approximately 700,000 square feet.        

Ashurst Ranch consists of 27,944 acres of deeded land spread across 118 parcels, together with 30,210 acres of Bureau of Land Management grazing leases split between two allotments.        

The commission oversees the Port of Long Beach and the staff of the City’s Harbor Department.        

Waller Industrial Park benefits from proximity to US Highway 290 and fast-growing northwest quadrant of Houston, and NRG Manufacturing chose the park for a manufacturing, testing and regional office.        

The management company’s first OZ fund— Opportunity Zone Fund I—has a target to raise $10 million from inventors and is set to launch in late 2019. The firm hopes to secure its first acquisition in January 2020.        

Under the Community Development Financial Institution initiative, the NJEDA will make up to $15 million available to CDFIs to expand their capacity to provide financing to New Jersey small businesses. Applications for the program are expected to be available in September 2019.        

With the legalization of cannabis, there is a lot of excitement for new real estate uses, but there are still challenges to investing.        

An industrial development is planned for the 10-acre site at the March Air Reserve Base in the Inland Empire.        

NorthPoint Development LLC nabbed the site located at US 90 and Uvalde Road where it plans to develop a 2.5 million-square-foot master-planned industrial park called NorthPoint 90 Logistics Center.        

The four asset industrial portfolio trades hands for $105 million to Lincoln Property Co.        

The Los Alamitos Corporate Center has 17 buildings on a 36.9-acre lot and is 98% leased.        

A 341,252-square-foot 14-building industrial portfolio at 2700 Greens Rd. was recently sold by Aero Greensmor LP to an undisclosed buyer for an undisclosed price.        

RealPage Market Analytics is a lease transaction-driven market research platform that reportedly provides 100% visibility into performance data that is critical to making investment decisions.        

Newark, NJ is also emerging as a technology hub. CBRE reports that total tech occupations grew 9.7% from 2013 to 2018 in the City of Newark.        

Tower CRE states that the launch of the new division was prompted by closing $50 million in cannabis-related retail and industrial transactions in the last 18 months with an additional $15 million in the pipeline that are expected to close by the end of this year.        

The firm purchased the 117,472-square-foot property from a national manufacturing company, according to brokerage firm Avison Young.        

A prop house has leased a 250,000-square-foot industrial facility in Downtown Los Angeles.        

The Northern Nevada-based industrial and commercial property will be rebranded as Victory Logistics District.        

The company will own 17 data centers in Latin America upon the four openings later this year.        

Compass Datacenters announced new growth initiatives to develop up to $3 billion in new data center campuses, along with continued support from RedBird Capital, Ontario Teachers’ and the introduction of Azrieli.        

The State of New Jersey contains 169 Opportunity Zones, which span 75 municipalities across all 21 counties.        

The two industrial sites, which include the Boeing C-17 manufacturing facility, total 127 acres.        

The industrial lease deals negotiated by the Colliers team, headed by Jonathan Kingsley and Stephen Rutchik, were valued at more than $36 million.        

Heavy demand for space in Laredo continues, particularly with those seeking more efficient space, better clear heights, ESFR fire protection, heavy trailer parking, which are included in a new spec build.        

The West Coast is leading the nation in warehouse development, and will continue, as long as there isn’t a trade war.