The national industrial vacancy rate has climbed by 30 basis points during the third quarter to reach 6.4%, according to Cushman & Wakefield’s latest industrial segment research.
The four-building distribution business park was purchased by Ares Management from a joint venture partnership between Greystar and Butters Construction & Development.
Centrum Doral Owner LLC, an affiliate of Miami-based Banyan Street Capital, will go before the City Council, seeking to amend the master development plan for the Doral Gateway site.
According to a new research study, the light industrial subsector demonstrates particular resilience even during turbulent times, especially when compared with other property types, including larger industrial assets.