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Canada’s Granite REIT buying Atlanta PVH distribution center for $80M

Source: Atlanta Business Chronicle Canada’s Granite Real Estate Investment Trust is buying a big new Atlanta distribution center for $80 million. Toronto-based Granite (NYSE: GRP.U) reported it has agreed to acquire 8500 Tatum Road, a 1 million-square-foot modern warehouse distribution facility situated …
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E-Commerce Poised to Anchor Future of Industrial Real Estate

Source: Real Estate Business Online While the commercial real estate industry has experienced many uncertainties during the pandemic, the industrial and logistics market continues to thrive. With the rapid acceleration of e-commerce in the wake of COVID-19, major online retailers …
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Real Estate Notebook: Amazon expands Atlanta operations

Image from Pexels.com Source: Atlanta Business Chronicle Amazon.com Inc. is expanding its Atlanta warehouse operations by turning two aging industrial buildings on the Perimeter into its latest delivery station. The e-commerce giant purchased a 20-acre property in Doraville just north …
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KKR Acquires 1M-SF Industrial Facility in Metro Atlanta

Source: Connect Atlanta JLL has brokered the sale of a 1,002,150-square-foot warehouse at The Cubes at Bridgeport industrial park in Metro Atlanta’s Coweta County. The buyer, KKR, acquired the facility for an undisclosed price. The 1,002,150-square-foot facility, which was developed …
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Atlanta Industrial Market Reaches New Record in 2020

Photo from publicdomainpictures.net Source: Atlanta Business Chronicle What impact has Amazon had on the Atlanta industrial market? Who is investing in industrial space? Colliers International recently released its Big-Box Market Report: 2020 Midyear Review and Outlook, which shows that largely …
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CORFAC International Names New CEO, Jonathan Salk

Source: Southeast Real Estate Business DES PLAINES, ILL. — CORFAC International has named Jonathan Salk as CEO of the organization. Salk previously served as executive director. Since joining CORFAC in 2015, he has been responsible for day-to-day operations of the organization …
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US GDP Grows 33.1 Percent in Third Quarter, Beating Expectations

Source: Alex Tostado in District of Columbia, Southeast WASHINGTON, D.C. — The U.S. gross domestic product (GDP) grew 33.1 percent in the third quarter on an annualized basis. Economists surveyed by Dow Jones expected growth to reach 32 percent. The third-quarter growth is …
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