The U.S. industrial sector can’t seem to shake the effects of the pandemic-era wave of warehouse development.
Speculative development accounted for 71% of the 73M SF of industrial space that delivered in the first quarter, according to Cushman & Wakefield. The 45M SF of spec space was the lowest share of development completions since 2023, but the space all came online vacant, nudging vacancy up 30 basis points to 7%.
For the first time since the turn of the millennium, the U.S. is set to lose more office product than is constructed this year.
Billionaire Chicago Fire owner Joe Mansueto will spend $650M of his personal fortune to build a new stadium for his Major League Soccer team at the site of The 78 megadevelopment.
Dickey’s, the world’s largest barbecue chain, has a history of deception and broken promises, according to dozens of its franchise owners.
Economic growth will slow this year and next as the trade war hampers development in the United States and around the world, the Organization for Economic Cooperation and Development said.
The activists behind the Tesla Takedown campaign say they intend to expand beyond protests at the company’s showrooms.
Since early April, China has stopped almost all shipments of critical minerals that are needed for cars, robots, wind turbines, jet fighters and other technologies.
Trade-war angst has put pressure on the greenback this year. Wall Street thinks it’s about to get worse.
A 2.1M SF industrial portfolio spanning Denver, Houston and northern New Jersey has traded hands.
Principal Asset Management and an unnamed state-sponsored pension plan acquired the 10-building, 96.7% leased portfolio for an undisclosed price. JLL Capital Markets facilitated and announced the sale.
The conversation around diversifying leadership in commercial real estate often includes the idea that women and people of color need a seat at the proverbial table.
Marcy Moneypenny, a Denver-based CRE veteran who has worked at brokerages like CBRE and Avison Young over a 35-year career, thinks it’s time to look past pulling up a chair and work instead on building a whole new table.