Daily Coverage
Commercial Real Estate Industry News
Self-storage, multifamily, and industrial: market trends, acquisitions, regulatory updates, and AI in real estate, curated daily by David Cartolano.
CBRE: U.S. Industrial Absorbed 104.6 Million Square Feet in Q3 2026, Highest Since 2022
Demand outpaced deliveries for a second straight quarter as completions ran 17% below last year's pace. Dallas-Fort Worth led year-to-date absorption at 23.6 million square feet but also held the largest construction pipeline at 34.4 million square feet.
CTP Agrees to Buy Ares SLP Vietnam Logistics Platform for About $500 Million
CEO Remon Vos tied the bid to China Plus One manufacturing demand, Vietnam's 8.0% 2025 GDP growth, and existing CTP clients already operating in-country. Completion is expected in the coming months if agreed conditions, including regulatory approvals, are satisfied.
Oxford Buys Phoenix's 460,000-SF Sycamore Industrial Portfolio, Scaling to 15 Assets
Ankit Bhatt, Oxford's head of U.S. investments, framed Sycamore as capital recycling into income-producing infill near Sky Harbor. Commercial Observer reported a source put the price near $100 million, with Cushman & Wakefield marketing materials pointing to Link Logistics as seller.
BKM and Kayne Anderson Pay $1.8 Billion for Blackstone Light Industrial Portfolio as SoCal Deals Top $3 Billion
CBRE's Darla Longo said capital believes Southern California industrial is on sale after average Los Angeles asking rents fell to $1.19 per square foot in Q3, down 30% from Q3 2023. Sellers included a closed-end Blackstone fund facing disposition deadlines.
Prologis and GLPI Plan 3.8 Million-Square-Foot Joliet Warehouse Campus on Former Hollywood Casino Site
Prologis SVP Josh Zemon told Bisnow's Chicago Industrial Summit the Joliet deal pairs GLPI land with Day 1 ComEd coordination so power stays on the former casino campus. Chicago industrial construction fell to 11.4 million square feet in Q3 versus a 37 million peak.
Prologis-Harris Poll: 91% of Leaders Say Decentralized Fulfillment Networks Are Urgent
CEO Dan Letter said Prologis focuses on dynamic consumption submarkets, has sold 200 million square feet that did not fit customer long-term visions, and operates 1.4 gigawatts of on-site solar and storage while helping tenants electrify fleets.