The I-55/County Line Road submarket
came closest to Highland Colony on the leasing-rate side at $18.03 a square foot.
We believe that positive momentum in the Airport submarket
combined with the hands-on management style of the owner's team will position Coliseum Centre for continued success."
Also in the Los Angeles South Bay submarket
, the company acquired a two-property portfolio for USD 6.7m, or USD 112 per square foot.
Rexford Industrial also acquired four multi-tenant industrial buildings with 218,407 square feet on 10.82 acres in the Inland Empire West submarket
for USD 26.9m.
(NYSE: REXR) has acquired two 100% leased industrial properties in Southern California infill submarkets
, the company said.
East Brooklyn continued to dominate price growth in the borough, remaining the only submarket
across Manhattan and Brooklyn to experience double-digit annual price growth at 10.7 percent.
The availability rate was lower in the Downtown submarket
than in the other submarkets
, standing at 10.5 percent compared to 8.5 percent at the same time in 2008.
M2 EQUITYBITES-August 25, 2016-DCT Industrial Trust Acquires Land in the Northeast Submarket
"The Port submarket
already has almost one million square feet of new industrial space coming online by the end of 2014, and we expect this figure to continue to grow as more developers capitalize on tenants' desire to be as close to the port as possible," Jones Lane LaSalle Managing Director Rob Kossar said.