TAG Industrial Watch: June 5, 2021

“While much of the news coming from the White House these days has not made commercial real estate investors happy, there may be a silver lining. Included in President Biden’s proposed record $6 trillion budget, is $600 billion to support the creation of U.S. based manufacturing jobs (Bisnow). Manufacturing employment collapsed by nearly 11% during the onset of the pandemic. While the industry has been in recovery mode since April, employment remains 515k jobs lower than its February level of 12.8 million (Federal Reserve). The President plans to resurrect homegrown manufacturing jobs by strengthening domestic sourcing requirements. While the details are not yet clear and the budget is far from passing, more manufacturing jobs should lead to more industrial space. And this news is more than welcomed.” -Adam Abushagur


I N D U S T R I A L   N E W S

Federal Budget For ‘Made In America’ Manufacturing Could Mean Even More Industrial Demand
Bisnow – June 1, 2021
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Inflation Might Not Deflate CRE Profits
​​​​​GlobeSt – May 28, 2021
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Expert: Sell Now To Avoid Proposed Tax Changes
GlobeSt – May 28, 2021
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Why Industrial Property Managers Will Benefit From Sustainable Development
Wealth Management – June 1, 2021
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Top 5 Markets For Industrial Transactions
Commercial Property Executive – May 27, 2021
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R E G I O N A L   N E W S

Fort Capital Purchasing More Than 1M SF In Class-B Industrial
Bisnow – June 2, 2021
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Amazon Distribution Building In Southeast Austin Gets New Owner
Austin American-Statesman – June 3, 2021
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Neyer Properties Purchases 400,000 SF Commercial Portfolio Across Cincinnati, St. Louis
ReBusiness Online – June 3, 2021
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In $4.4 Million Deal, Chicago-Based Firm Acquires Mill Street Property
Northern Nevada Business Weekly – June 1, 2021
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Industrial Trades Near Midway Airport
Connect Chicago & Midwest – June 3, 2021
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