US banks active in lending against warehouse and industrial real estate properties ramped up their exposure to the property sector significantly year over year as of Sept. 30.

October imports up 4% year on year and up 11.5% vs. 2019, pre-COVID. American consumers just keep on spending — and the volume of containerized imports keeps on rising. October import numbers released Tuesday by Descartes came in exceptionally strong.

Blackstone’s CTO talks about how the company uses AI. This isn’t for the faint of heart. For most companies in general, and in CRE in particular, making cutting edge use of artificial intelligence is still a distance off. But Blackstone seems deep in, according to an interview that John Stecher, chief technology officer, gave to PE Hub.

Guggenheim Investments thinks investors should look past the carnage in bonds and gear up for the Federal Reserve to pivot to rate cuts. While the investment team expects the Fed to leave its policy rate unchanged at a 22-year high of 5.25% to 5.5% over the next several meetings, they also see a recession as likely in the first half of 2024.

Los Angeles Firm Strikes Deal for Sizable Parcel in Northwest Corner of Aviation Hub. Industrial Realty Group has secured a ground lease for roughly 400 acres at the Atlantic City International Airport where it plans to build a mixed-use logistics project in the southern part of the Garden State.

Bloomberg reports that it was because C&W declined to move its operations into 660 Fifth Ave. Cushman & Wakefield is no longer handling Brookfield Asset Management’s office and logistics listings in the U.S., according to a report by Bloomberg.

An estimated 35,000 new trucking companies shut down in the 12 months ending Sept. 30. Ohio resident Matthew James Collins hauls frozen food around the Midwest — onion rings, ice cream and the like. On a recent October morning, Collins was trucking through a snowstorm in Minnesota.

The efficiency metric remained above a dreaded rate of 90% for multiple trucking firms. Companies struggled with operating ratios in Q3 amid sluggish demand, according to earnings reports. Companies struggled with operating ratios in Q3 amid sluggish demand, according to earnings reports.

Drop in construction starts indicative of healthy market responding to slowing demand, higher costs of capital. Recent data showing a dramatic decline in warehouse construction starts has some in the sector worrying about a lack of first-generation industrial space due to limited development activity.

Russo Development and River Development are set to deliver a single-story, 211,287-square-foot distribution center at 1100 Harrison Ave. in Kearny. The firms on Monday said the project, located at 1100 Harrison Ave., will bring new life to a former manufacturing site that was contaminated but has since been cleaned up.

New construction is outpacing leasing volume in New Jersey’s industrial real estate market, but a new report suggests that could change as development becomes increasingly difficult. The research by JLL found that vacancy continued to tick up in the third quarter, to 4 percent, thanks to 8.1 million square feet of newly completed space.

Local and regional banks become a more important source. As MSCI noted in its expansive analysis of the first half of 2023, “Industrial properties are facing a more muted decline in prices than seen in other property sectors.

There’s an existential crisis facing the office market, with phrases like “urban doom loop” and “office-to-residential conversions” becoming commonplace. That environment might seem like an unfavorable one for young adults looking to start a career.

Investment firm’s survey shows 35% of shippers, 3PLs still looking for permanent home. Leading up to and following the demise of Yellow Corp., shippers and brokers were quick to redistribute freight to other carriers.

After a busy July that saw the Port of New York and New Jersey record its largest total cargo volume since October 2022, August brought a normalizing of activity to pre-pandemic levels at the port.

Higher interest rates and tepid spending are dragging down the long-term forecast, speakers said at the Journal of Commerce Inland Distribution Conference.

The commercial real estate market is headed for a severe collapse due in large part to sky-high interest rates and declining property values, according to a survey of investors.

The third chart in this article was replaced on September 27. A previous version of this chart incorrectly displayed five-year averages for net absorption for the U.S. markets depicted.

The bidding war for Yellow Corp.’s highly sought-after truck terminals has ended with Estes Express Lines’ stalking horse offer winning big. Estes' $1.525B bid, offered last week, bested Old Dominion Freight Line’s $1.5B offer.

Demand and leasing rates are no longer red-hot, but the industrial real-estate sector is proving resilient. Companies from e-commerce retailers to third-party logistics providers are leasing less new warehouse space amid weak freight demand, high interest rates and shifting consumer spending.