Amazon to expand its e-commerce network with latest Doraville project
Source: Atlanta Business Chronicle Amazon.com Inc. continues revving up its fulfillment center engine across Atlanta, with a new project in the works along the Perimeter. Amazon is considering a 20-acre industrial property just north of I-285 on the Gwinnett-DeKalb county line, where it would occupy 121,017 square feet of space for a new delivery station, […]
Cushman & Wakefield Arranges $126.6M Sale of Industrial Park in Metro Atlanta
Source: REBUSINESSONLINE NORCROSS, GA. — Cushman & Wakefield has arranged the $126.6 million sale of Gwinnett Commons, a 16-building light industrial park in Norcross. The property comprises 1.2 million square feet and is situated at 1790 Corporate Drive, 22 miles northeast of downtown Atlanta and one mile from Interstate 85. At the time of sale, […]
PGIM Real Estate Acquires Industrial Portfolio in $425 Deal
Source: GlobeSt On behalf of its US core real estate strategy, PGIM Real Estate has acquired a 4.7 million-square-foot, 15-building industrial portfolio valued at $425 million. The seller was Crow Holdings. The properties, located in Atlanta, Dallas, Denver, Fort Worth, and Phoenix, are newly constructed or still under construction and are close to major thoroughfares and gateway […]
U.S. may need another 1 billion square feet of warehouse space by 2025 as e-commerce booms
Source: CNBC With online sales proliferating during the coronavirus pandemic, the U.S. is going to need more warehouses to store hoards of boxes and handle those orders. Holed up at home, and with many bricks-and-mortar stores temporarily shut, shoppers have turned to their computers and smartphones to buy everything from fresh groceries to new home furnishings to […]
3 things leaders must do to seize opportunity in a post-pandemic economy
Source: Vistage “The greatest danger in times of turbulence is not the turbulence; it is to act with yesterday’s logic,” wrote Peter Drucker, revered as the father of modern management. Using logic based on the new economic realities, I would like to review the changes we’ve seen in the economy recently and propose three actions […]
A capital markets update
Source: Vistage As the U.S. slowly reopens and the rate of new coronavirus infections increases, many CEOs of small and midsize businesses are wondering how to navigate the next six months and how to position their businesses for life after the crisis. Dr. Adrian Cronje, CEO and Chief Investment Officer at Balentine, joins Vistage Chief […]
Sim Doughtie, President of King Industrial Realty, quoted in ‘Industrial Sector is in Good Health’
Source: Industrial Sector is in Good Health With millions of Americans working from home amid the pandemic and generally staying away from large group settings, industrial demand for e-commerce has only picked up. Online sales in June 2020 comprised 29.6 percent of all retail sales, according to the U.S. Commerce Department, nearly double that of […]
Zinus USA pledges $108 million investment, 804 jobs in McDonough
Source: Atlanta Business Chronicle A subsidiary of South Korean mattress and furniture maker Zinus Inc. picked Henry County as the site of its first North American advanced manufacturing facility, pledging to invest $108 million and create 804 jobs. Zinus USA Inc. President Ha Bong Sung said Tuesday alongside Gov. Brian Kemp the company will develop the facility in McDonough […]
Moody’s Analytics Q2 Report Gives Mixed Picture on CRE
Article from Globe St. The current pandemic has affected most aspects of the commercial real estate industry, but a Moody’s Analytics report says some sectors have been hit much harder than others. Moody’s looked at the impact on several categories in the second quarter of 2020 including industrial, warehouse and distribution and flex/research and development. […]
Exploring CBRE’s Midyear Market Report
Source: National Real Estate Investor ( CBRE provided NREI with an early look at its Global Real Estate Market Outlook 2020 Mid-Year Review report. ) The COVID-19 pandemic rages on, with the U.S. remaining one of the worst-hit parts of the globe. Other nations have contained the virus or are dealing with more isolated outbreaks. There’s no […]