industrial

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.

Co-CIO Rich Kleinman says more niche categories are entering the mainstream with prior portfolio staples such as office investments in value limbo.

CBRE IM and Hillwood will use the funding for Phase 1 of speedway conversion into a 6.6 million-square-foot industrial complex.

Approximately 83% of logistics properties were constructed prior to 2000, the firm found. 

The real estate manager took a minority stake in New Jersey-based infill industrial investment manager Faropoint at the end of 2023.

The financings come at a time when few lenders have been funding construction loans.

Dallas manager and New Jersey industrial specialist look to scale investment products, institutional investor base and technology through transaction.

There are limited opportunities and high barriers to entering the data sector market. That is not stopping institutional lenders and investors from trying to gain market share.

Monday Properties has historically also pivoted its portfolio as markets dynamics change

Dallas-based manager is aiming for more mid-market bridge loan exposure across Southern US and flyover states.