Industrial Real Estate

Logistics property rents step higher amid pandemic — Prologis report

Logistics rents to increase 5% in 2021

Global rents on industrial real estate properties increased 2.9% during 2020, according to logistics real estate giant Prologis Inc. (NYSE: PLD) Even with several sectors of the economy meaningfully impacted by the pandemic, tenants were willing to pay up for logistics space.

The San Francisco-based company published its annual Logistics Rent Index Wednesday.

The report showed rents in the U.S. and Canada climbed 3.2% during the year as surging e-commerce growth accelerated need for current and...

https://www.freightwaves.com/news/logistics-rents-step-higher-amid-pandemic-prologis-report

Need for logistics space remains high, says Prologis

Prologis' real estate increases by $7 billion in value during the quarter

On its fourth-quarter earnings call Tuesday, management from logistics real estate giant Prologis Inc. (NYSE: PLD) said strong demand from the second half of 2020 has continued into the new year. “We entered 2021 with optimism and confidence,” commented CFO Tom Olinger.

The positivity stems from broad demand from the bulk of its customer base, with only hospitality suppliers struggling. Verticals touching consumer products, food and beverage, electronics, and health care are thriving. Management...

https://www.freightwaves.com/news/need-for-logistics-space-remains-high-says-prologis

Prologis beats Q4 consensus; guidance ahead of forecasts

Prologis' Q4 ahead of forecasts

Logistics real estate investment trust Prologis Inc. (NYSE: PLD) reported core funds from operations of 95 cents per share, 3 cents ahead of consensus, for the fourth quarter on Tuesday. Full-year 2020 core FFO was $3.80 per share, almost 15% higher year-over-year and 2 cents above the high end of management’s guidance range.

“The work we have done to create the best-in-class portfolio and the most efficient cost structure in the industry is delivering exceptional financial results,” said...

https://www.freightwaves.com/news/prologis-beats-q4-consensus-guidance-ahead-of-forecasts

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

Industrial Real Estate Roundup: Investors capitalize on COVID effects

Real Estate Roundup is a regular rundown of developments in the world of industrial real estate used for logistics and transportation. This week: Black Creek Group, Dream Industrial and Plymouth Industrial ramp up activity.

Certain industries have weathered the past eight months with barely an ounce of good news — hotels, retailers and higher education, to name just three.

But some sectors of the economy have fared well during the COVID-19 pandemic, and the current era could be described as...

https://s29755.pcdn.co/news/industrial-real-estate-roundup-investors-capitalize-on-covid-effects

Triten expands industrial real estate portfolio through tank trailer deal

TREP adds to industrial property portfolio

Triten Real Estate Partners (TREP) announced Tuesday that it has acquired the headquarters of Polar Service Centers, a parts and repair service provider to the tank trailer industry. The off-market acquisition is part of a long-term sale-leaseback agreement.

Financial terms of the transaction were not disclosed.

The Northeast Houston property is located at the intersection of major thoroughfares, Beltway 8 and Highway 90. The 58,700-square-foot facility has a 23-door maintenance facility, 10...

https://www.freightwaves.com/news/triten-expands-industrial-real-estate-portfolio-through-tank-trailer-deal

Real Estate Roundup: Warehouse and distribution demand soars; so does community opposition

Real Estate Roundup is a weekly rundown of developments in the world of industrial real estate used for logistics and transportation. This week: Demand for industrial warehousing and distribution facilities is soaring, but communities frequently fight back against what they see as problems with noise, air pollution and traffic safety. Recent incidents in Florida, New York, Pennsylvania and California illustrate the situation. 

In the rush to expand warehouses and distribution facilities amid...

https://s29755.pcdn.co/news/real-estate-roundup-warehouse-and-distribution-demand-soars-so-does-community-opposition

Real Estate Roundup: Industrial real estate grabs attention of big-time investors

Real Estate Roundup is a periodic rundown of developments in the world of industrial real estate used for logistics and transportation. This week: Investors, hungry for higher returns, circle like hawks over industrial real estate.

It’s no secret that industrial real estate has thrived during the pandemic. Supply chain management, warehousing and distribution are viewed as vital to the economy now and in the future.

E-commerce sales, after all, are expected to increase 18% this year to $710...

https://s29755.pcdn.co/news/real-estate-roundup-industrial-real-estate-grabs-attention-of-big-time-investors

Triten acquires XPO facility in sale-leaseback agreement

TREP's Intrepid Business Park facility

Triten Real Estate Partners (TREP) announced further expansion of its industrial service facility (ISF) portfolio with the off-market acquisition of a less-than-truckload (LTL) cross-dock facility in northwest Houston from XPO Logistics Inc. (NYSE: XPO).

The 19,000-square-foot terminal with 59 doors sits on 7.8 acres, providing a trailer storage yard and parking. The facility is located on U.S. Highway 290 and in close proximity to freight corridors like Interstates 10 and 45.

“The acquisition is...

https://s29755.pcdn.co/news/triten-acquires-xpo-facility-in-sale-leaseback-agreement

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