Change in Buying Habits Leads to Real Estate Warehouse Boom

National Association of Realtors | April 16, 2020

The industrial real estate sector is seeing a bright spot: Warehouse demand is surging. The COVID-19 pandemic lockdown has changed consumers’ buying habits. While some could view it as temporary, companies are re-evaluating how to better handle more bloated supply chains in the future. Amid the pandemic, consumers are stockpiling essentials, such as toilet paper and cleaning supplies, and rushing to stock up at grocery stores. Even apparel stores and other retailers are fielding more online orders as their physical stores remain temporarily closed. The need for space to store more goods is growing. E-commerce operations are requiring more storage space, and companies are ramping up more “safety stock” and rethinking previous lean-inventory strategies. “There’s this move away from just-in-time [inventory], so the tenants are getting fatter,” Kevin McGowan, president of McGowan Corporate Real Estate Advisors, which specializes in industrial real estate, told The Wall Street Journal.

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Spotlight

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Knock | August 20, 2021

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REAL ESTATE TECHNOLOGY

$1.6B Industrial Recapitalization of Blackstone Real Estate Income Trust and LBA Logistics Announce

businesswire | January 22, 2021

Blackstone Real Estate Income Trust, Inc. ("BREIT") and LBA Logistics ("LBA") today declared the recapitalization of two mechanical portfolios possessed by LBA involving $1.6 billion of gross worth. BREIT gained a roughly 60% consolidated revenue across the two portfolios, and LBA's venture asset and its financial specialists held the equilibrium. The portfolios involve 71 top notch resources adding up to 9.5 million square feet and are around 95% involved. The resources are found dominatingly in last mile areas in West Coast markets with by far most in California and Seattle, which are two of the best performing mechanical business sectors in the country. After shutting this exchange, over 90% of BREIT's land speculations will be in multifamily, modern, and net rented resources, with mechanical speaking to over 35% of BREIT's portfolio. Eastdil Secured filled in as a guide to LBA Logistics. Blackstone Real Estate Income Trust Blackstone Real Estate Income Trust, Inc. (BREIT) is an unending life, institutional quality land venture stage that carries private land to pay centered financial specialists. BREIT puts resources into settled, pay producing U.S. business land across key property types and less significantly in land obligation speculations. BREIT is remotely overseen by an auxiliary of Blackstone (NYSE: BX), a worldwide pioneer in land contributing. Blackstone's land business was established in 1991 and has around $174 billion in financial specialist capital under administration. About LBA Logistics LBA Logistics (LBA) is a full-service real estate investment and management company with a diverse portfolio of industrial properties in major markets throughout the United States. LBA Logistics’ portfolio currently totals over 60 million square feet and consists of state-of-the-art, high-bay distribution space, light manufacturing and multi-tenant business parks. LBA owns assets in major port and airport adjacent locations including South and Northern California, Seattle, Dallas, Chicago, Atlanta, New York/New Jersey, and Florida as well as regional inland hubs and infill last-mile delivery locations. In addition, LBA Realty owns and operates a portfolio of office and mixed-use properties throughout the Western United States.

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GP Strategies Decreases Real Estate Expenses as they Make a Permanent Shift to Increased Remote Work

prnewswire | October 14, 2020

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