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June 1, 2022

Amazon’s Warehouse Pullback Seen As Opportunity For Upstarts To Play Catch-Up

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Amazon reportedly plans to get rid of anywhere between 10M SF and 30M SF of warehouse space, a move that represents a dramatic reversal for the company that has for years had the most voracious appetite for industrial real estate.

But its about-face hasn't chilled the hungry market for distribution space — on the contrary, companies that have been competing in a historically tight industrial market see the move as a window of opportunity that hasn't been this open since the pandemic supercharged the need for dedicated logistics space.

Amazon’s Warehouse Pullback Seen As Opportunity For Upstarts To Play Catch-Up

“Tenants need space so bad, they're going to take the first available space in an area they need it," said Greg Ryan, who leads Southeast development and acquisitions for industrial player Dermody Properties. "The space will get gobbled up."Amazon is looking to…

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Tishman Speyer Drops Out Of Civic Center Redevelopment

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New York developer Tishman Speyer pulled out of its agreement to redevelop the Boisfeuillet Jones Atlanta Civic Center, just a day after city officials voted to move forward with the developer. Tishman Speyer informed board members of Atlanta Housing —…

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Clarion Partners, Blackfin Acquire 3,600-Unit Sun Belt Apartment Portfolio

Clarion Partners, Blackfin Acquire 3,600-Unit Sun Belt Apartment Portfolio

Global real estate investor Clarion Partners is teaming up with an Arlington, Virginia-based firm to acquire a major portfolio of apartments across the Sun Belt. A joint venture of Clarion and Blackfin Real Estate Investors acquired a 12-asset, 3,564-unit portfolio, which spans six markets in the…

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Industrial Revolution Continues: 'Ongoing Boom' Draws Out Latest Crop Of Newcomers

It's rare for a property type to extend a growth cycle beyond a decade.

But industrial real estate's dominance only seems to grow — attracting newcomers while big players scrap for the materials and land they need to keep their projects moving and potential clients happy.

While longtime powerhouses like Prologis and Panattoni plow forward with their own mammoth projects — and Amazon admits that it has too much industrial space on its hands — other companies are making their debut, hoping to seize on some of the continued demand and expanding yields.

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Recession In 2022? U.S. Self-Storage Says Bring It On

 

Self-storage is sometimes called a "recession-proof" asset class.

It has a history of profitability even during the worst of times — such as in 2008, when the sector eked out positive returns of 5%, even as every other asset class suffered.

So, with the prospect of a recession looming once again, self-storage's mettle might be tested again.

Developers and investors are betting that the sector will triumph once more in a downturn, and coming off a strong 2021, self-storage development is strong in many U.S. markets and investors are buying the properties with gusto.

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