Borderlands Mexico: Developer bullish on industrial real estate on border

As nearshoring attracts more manufacturers to prime sites in Mexico, real estate firm Meor is betting big on continued demand for industrial space along the border.

Meor, a real estate developer based in Mexico City, announced its search for U.S. equity partners to help fund a $1.7 billion plan to develop a multiphase portfolio of 13 industrial projects along the U.S.-Mexico border.

The developer hired Chicago-based Cushman & Wakefield (NYSE: CWK) to help it find equity partners to fund the...

https://www.freightwaves.com/news/borderlands-mexico-developer-bullish-on-industrial-real-estate-on-border

Father Time taking toll on logistics warehouse supply

The unprecedented boom in logistics warehousing demand is now about a decade old. During most of the past 10 years, it was a safe bet that the aging of the industrial warehouse stock wasn’t considered a high priority. Stakeholders had their hands full just keeping up with demand for capacity that hit like a ton of bricks and has barely abated.

Yet the warehouse inventory hasn’t gotten any younger, and in some markets it is getting downright old. In a March report, real estate services giant JLL...

https://www.freightwaves.com/news/father-time-taking-toll-on-logistics-warehouse-supply

E-commerce drives further industrial real estate sales

The e-commerce market continues to drive the industrial warehouse market in the U.S. as warehouse operators snap up capacity whenever possible.

RPG, a developer in San Diego County in California, has acquired a 202,844-square-foot facility at 1 Viper Way in San Diego for $26.1 million. Cushman & Wakefield represented Stockbridge, a private equity real estate investment management firm, which sold the property. Cushman has been retained by RPG to handle project leasing.

RPG intends to redevelop...

https://www.freightwaves.com/news/e-commerce-drives-further-industrial-real-estate-sales

Logistics real estate activity breaks records in Q4

Logistics real estate stays hot in Q4

Logistics activity continues to dominate the industrial real estate markets, according to global commercial real estate services firm Cushman & Wakefield (NYSE: CWK). The firm’s fourth-quarter outlook report highlighted the impact e-commerce is having on demand for logistics space.

Warehousing, distribution space in high demand

The report said the fourth quarter was the strongest on record for positive net absorption, the amount of space leased over that vacated, at 90 million square feet. The...

https://www.freightwaves.com/news/logistics-real-estate-activity-breaks-records-in-q4

E-commerce gives ship to shore new meaning

The COVID-19 pandemic has changed the way Americans shop. And Jacob Horsely of Cushman & Wakefield believes now that consumers are comfortable ordering on sites from Amazon to Zappos, they won’t go back to brick-and-mortar shopping.

Horsely, the senior director of industrial brokerage services in Cushman & Wakefield’s Jacksonville, Florida, office, said e-commerce grew from roughly 13% to 14% of U.S. retail sales to 18% to 19% in just the past six months. 

“That’s just a huge spike,” Horsely...

https://www.freightwaves.com/news/e-commerce-gives-ship-to-shore-new-meaning

Colorado rail park gets final OK

A photograph of a Union Pacific train traveling by a rocky mountainside.

A project to develop a 620-acre rail-served industrial park in the greater Denver area has been granted final approval by the local government, paving the way for construction to begin in the fourth quarter.

Rocky Mountain Industrials said the Adams County Board of Commissioners had unanimously approved a final development plan for the Rocky Mountain Rail Park. Rocky Mountain Industrials said the approval marks the successful completion of a multiyear zoning and entitlement endeavor. 

The...

https://s29755.pcdn.co/news/colorado-rail-park-gets-final-ok

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