2022 Warehouse/DC Operations Survey: Recalibrating operations and spending
November 7, 2022
Capital expenditure expectations for the coming year declined, though there are still signs of sizable automation budgets and interest in warehouse technology. The bigger picture revolves around continued struggles with upstream supply chains, inventory management and space.
CBRE research highlights industrial real estate rate gains near major airports
October 26, 2022
In a research brief, entitled “Industrial Facilities Near Airports Command Rent Premiums,” CBRE explained that companies are locating distribution operations closer to airports, or air cargo ports, in order to counter various challenges, especially increasing transportation costs, which it said account for 45%-to-70% of overall supply chain costs—based on data issued by the company’s subsidiary CBRE Supply Chain Advisory. This represents a steep uptick compared to occupancy costs, which account for 3%-to-6%, said CBRE.
Prologis acquisition of Duke Realty is a done deal
October 3, 2022
Under the terms of the deal, the all-stock transaction, which Prologis said is valued at approximately $23 billion and was approved by Prologis and Duke shareholders, includes the assumption of debt, with the company adding it “expands Prologis’ presence in key U.S. markets.
Prologis set to acquire Duke Realty through $26 billion all-stock deal
June 13, 2022
Following its most recent overture in early May, which was denied, San Francisco-based real estate investment trust company Prologis said it had finally closed the deal, announcing it had entered into a definitive merger agreement to acquire Indianapolis-based Duke Realty Corporation, a sustainable industrial real estate development and the largest domestic-only logistics REIT (Real Estate Investment Trust).
