Rexford Industrial Realty, Inc., a real estate investment trust (REIT) focused on industrial properties in Southern California, announced its participation in two upcoming industry conferences. The company will present at the Barclays 22nd Annual Global Financial Services Conference on September 9th and the Bank of America Securities 2024 Global Real Estate Conference on September 10th.
Rockefeller Group and Matan Companies have commenced construction on the first phase of the Port 460 Logistics Center in Suffolk, Virginia. This ambitious project will deliver 2.4 million square feet of industrial space across five buildings, positioning Virginia as a major hub for logistics and supply chain investment.
Gladstone Commercial Corporation (GOOD) has sold two medical office properties in Atlanta, demonstrating its commitment to shifting its portfolio towards industrial real estate. This move comes as the company sees strong demand in the industrial sector and aims to capitalize on the robust growth potential. Gladstone Commercial’s recent acquisition of a large industrial facility and continued high occupancy rate further reinforce its focus on industrial assets.
STAG Industrial has released its 2023 Environmental, Social and Governance Report, emphasizing the company’s commitment to stakeholder value creation through ESG practices. The report details STAG’s initiatives in sustainability, social responsibility, and corporate governance.
Prologis, a leading industrial real estate investment trust (REIT), remains an attractive long-term investment despite current economic headwinds. Its robust portfolio, steady performance, and strong financial position position it for a significant rebound in the years ahead. While the company faces near-term challenges such as leasing slowdown and interest rate volatility, its stability and discounted valuation offer a compelling opportunity for investors. Despite adjustments in full-year guidance, macro trends suggest a gradual recovery with sustainable growth ahead. Hence, in turbulent times, consider owning PLD for its long-term potential and dividend yield.
GID, a leading real estate investment and management firm, has acquired Beltway Northwest, a 299,000-square-foot industrial portfolio in the Northwest submarket of Houston, Texas. The fully leased property comprises five buildings equipped with 62 dock-high doors, 18 drive-in doors, and clear heights ranging from 17 to 24 feet.
