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Industrial & Logistics
CBRE Investment Management and Hillwood Partners plan to redevelop a land parcel adjacent to the Auto Club Speedway in California’s Inland Empire into an industrial mega-development.
The industrial sector is poised for the greatest amount of disruption of any commercial real estate sector as the need for modern logistics properties rises, says CBRE IM's Mary Lang.
CBRE IM and Hillwood will use the funding for Phase 1 of speedway conversion into a 6.6 million-square-foot industrial complex.
The New York-based manager will make investments in disrupted commercial real estate capital stacks.
Hamid Moghadam says the logistics real estate giant is now focusing on acquiring assets with higher-return potential.
Over the long-term, the firm hopes to have half of its portfolio in the US and other developed markets.
Two-loan package for GCP will fund acquisitions in high-demand Inland Empire market.
Criterion Group and Columbia Pacific Advisors will use the funding for a portfolio of last-mile logistics centers across 9 states.
Economic volatility is boding well for the strongest stateside industrial corridor in and beyond Southern California.
Sectors such as cold storage and pharmaceutical warehouses are seeing an uptick in demand.