More Multistory Industrial Buildings Are Coming. What Will That Mean?
There aren’t many multistory warehouses in the US, but that will soon change as the US relies more on e-commerce. These buildings, which typically exceed 200,000 square feet, are concentrated in New York, Seattle, and Chicago, according to a new report from CBRE. Two more facilities are proposed in San Francisco. Most existing facilities are […]
Prologis Expects To Buy, Sell More Industrial Property This Year
Executives at the world’s largest industrial developer and landlord expect to ramp up property sales and acquisitions this year as they bet that almost all its warehouse properties will remain leased and rents will keep rising in the face of economic uncertainty. Prologis anticipates raising $800 million to $1.2 billion from selling properties in 2024 […]
Mormon Church buys $174M industrial park in Hialeah, the biggest warehouse deal of 2023
It was the biggest industrial transaction in Miami-Dade County in 2023. Six warehouses in Hialeah were snagged for $174.3 million, but the buyer wasn’t a major corporation or manufacturer. It was the Mormon Church. It’s not yet clear what the Church of Jesus Christ of Latter-day Saints, also known as the Mormon Church, plans to […]