Industrial

In a Q&A with NREI, CPPIB's managing director for Americas real estate investments, discusses the pension plan's newly formed joint venture to invest in U.S. industrial assets.

Amazon has plans for an airborne fulfillment center that would use drones to deliver goods.

The high sales values commanded by buildings under 40,000 sq. ft. underscore the huge demand and low vacancy rates for small industrial buildings.

According to Blaine Kelley, senior vice president of the global supply chain practice with CBRE, tenants will trade off all other physical features for proximity to customers, labor and suppliers.

This spring, Duke Realty bumped up its forecast for development starts in 2018 from a range of $500 million to $700 million to a range of $650 million to $850 million.

According to Rene Circ, director with research firm CoStar Portfolio Strategy, now may be a good time to sell industrial portfolios since large institutional players entering the sector are, in essence, willing to pay double premiums on such deals.

The capital raising comes even as Trump has yet to deliver on a promise to facilitate the investment of as much as $1.7 trillion in the next decade.

Dense urban markets where land zoned for industrial is in short supply and property values are at a premium are candidates for vertical warehouse construction, industrial brokers say.

The Canadian investment firm has interviewed banks to advise it on a sale of the company, which could fetch $5 billion.