Industrial

JLL Economist Walter Kemmsies shares his views on how the tariffs could impact the U.S. economy and commercial real estate.

The deal expands Blackstone REIT’s portfolio to $7 billion in gross assets, including 33 million square feet of industrial space and 17,200 multifamily apartments.

Despite this sector’s exemplary performance, it has become increasingly difficult for developers to secure construction loans from banks.

The proposal puts a greater emphasis on the need for local and state governments to fund projects with private support.

Since the summer of 2017, the REIT has almost exclusively been buying industrial and distribution assets in a bid to capitalize on demand driven by e-commerce.

The company plans to use the proceeds for reinvestment into industrial acquisition and development.

HNW investors and family offices eager to capitalize on 21st century interest in properties serving the industry for legalized marijuana might want to “Go east.”

Trump said federal dollars should be leveraged by partnering with local and state governments. He also called on tapping into private sector investment.

The new building plan is for 5.1 million more sq. ft. A little more than half of it will be in a single complex with about the total square footage of the Empire State Building.