Before the pandemic, industrial properties were a more of a snack than a main course among real estate’s primary food groups, but investors’ voracious appetite for the sector may result in it occupying a larger place in their portfolios.
It’s not just massive firms like Blackstone Group and Prologis that are throwing billions of dollars at warehouses — foreign investors are also pouring money into the booming industrial sector. Investment firms from France, Germany and South Korea are among those that have recently inked big deals for industrial properties, according to the Wall Street Journal. That comes even
On its recent fourth-quarter earnings call, management from logistics real estate giant Prologis Inc. said strong demand from the second half of 2020 has continued into the new year. “We entered 2021 with optimism and confidence,” commented CFO Tom Olinger.
Once there are widespread vaccinations and people begin shopping in physical retail locations, will that make a dent in e-commerce sales and warehouse demand? One analyst group says no.
Miami-based COFE Properties sold its industrial portfolio in Hialeah for a combined $52 million. The buyer was a fund managed by Boston-based TA Realty, which previously owned most of this property.
