ElmTree Funds, a St. Louis-based private equity real estate firm, has opened two new industrial funds, and for the initial investment, the REITs acquired an industrial property located in St. Louis. The... Read more »
Matthews Real Estate Investment Services represented the seller in the $10,695,000 disposition of 14011 S. Normandie Ave., a vacant industrial property located in Gardena. The sale set a record for size and... Read more »
Lee & Associates – LA North/Ventura, Inc. arranged the sale of 10643 Glenoaks Blvd., a 38,063-square-foot industrial property located in Pacoima. The Greater Los Angeles Vector Control District acquired the property for nearly... Read more »
Kidder Mathews SVP Kelly Betpolice represented a private investor in acquiring two large multi-tenant industrial parks in the San Fernando Valley. The client, Palatine Capital Partners, purchased the properties for $30,610,000. The properties... Read more »
Earnings season was not perfect for our industrial-focused portfolio companies, but we’re feeling pretty good about their prospects for the rest of the year. Shares of two of the five names finished... Read more »
Rexford Industrial Realty said it had acquired 5000 & 5010 Azusa Canyon Rd., Irwindale, located in the LA San Gabriel Valley submarket, through an off-market transaction for $84 million or $359 per square foot. The seller was not disclosed. The... Read more »
Industrial Outdoor Ventures (IOV) has leased a 0.9-acre portion of 4187 State St. in Montclair to Mission Steel Fabrication. The lease creates 100% occupancy at the 2.8-acre property, which is also leased... Read more »
Irvine, the fastest-growing city in Orange County, is seeing a rebound of industrial projects after decades of limited development. Nearly 2 million square feet of large industrial projects are either under construction... Read more »
Tishman Speyer and Mitsui Fudosan have spent $145.9 million on 32 acres of land in Irvine, as part of the firms’ joint venture to build new warehouses. The firms announced the deal... Read more »
Staley Point Capital, a value-add investor focused on industrial properties in Southern California, and Bain Capital Real Estate completed the sale of 18689 Arenth Ave., a newly renovated, 91,000-square-foot industrial asset in City of... Read more »