TAG Industrial Watch: May 1, 2021

“When it comes to mixed-use developments, industrial real estate is used to being excluded as retail, office, and multi-family merged happily together. But the recent ascent of the industrial market is leading to new crossover developments. The largest industrial landlord, Prologis, recently acquired a vacant mall in the San Francisco Bay Area with plans to redevelop it into a mixed-use property featuring residential, retail, and modern logistics facilities. Another developer is introducing the same coworking concepts that spurred WeWork’s growth to warehouses, which will service smaller e-commerce businesses. While we wait for the dust to settle on President Biden’s tax proposals, the industrial market is busy innovating and creating new opportunities for investors.” -Adam Abushagur


I N D U S T R I A L   N E W S

Real Estate: Prologis Buys Former Hilltop Mall Site In Richmond
East Bay Times – April 25, 2021
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Last-Mile Warehouse Coworking Concept Raises $10M To Fund Expansion
Bisnow – April 21, 2021
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Biden Tax Proposals Could Mean Pain For Real Estate
GlobeSt – April 27, 2021
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Biden Capital Gains Tax Plan Would Raise $113 Billion
If ‘Step Up In Basis’ Is Killed, Says Wharton

CNBC – April 27, 2021
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CRE Doesn’t Have To Worry About Inflation Yet
GlobeSt – April 26, 2021
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R E G I O N A L   N E W S

Industrial Projects Of 8M SF Are Rolling Along In San Antonio
Connect Texas – April 28, 2021
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Texas Will Gain Two Seats In Congress As Residents Of Color Drive Population Gains
Kera News – April 26, 2021
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Logistics Firm Breaks Ground On Elgin Headquarters
Connect Chicago & Midwest – April 27, 2021
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Sealy & Co. Expands Kansas City-Area Industrial Footprint
Commercial Property Executive – April 22, 2021
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Long View Equity Acquires Three-Building Warehouse Portfolio
Connect Texas – April 23, 2021
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