TAG Industrial Watch: February 19, 2022

There is no doubt that Industrial Real Estate has been one of the hottest industries in the U.S. over the past few years, but it’s also becoming one of the most politically targeted ones too. While an Amazon logistics facility in Alabama voted against becoming the first unionized warehouse in America last year, the National Labor Relations Board ordered another vote this month after accusing Amazon of violating unionization laws. Furthermore, the U.S. Department of Labor’s Wage and Hour Division has been investigating warehouses for violating minimum wage and overtime laws. However, it’s important to note that transportation and warehouse workers earn over $27 per hour on average, representing a near 10% increase since the start of the pandemic (U.S. Bureau of Labor Statistics). So, while President Biden’s agenda could be a real concern long-term, investors should view this political attention as another sign of the industrial market’s recent ascent.


I N D U S T R I A L   N E W S

Warehouse Industry Is Targeted By Biden’s Wage Enforcers
WealthManagement.com – February 8, 2022
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Amazon Warehouse Workers Have New Chance To Form Union Next Month
The Guardian – January 12, 2022
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Amazon Says It’s Slowing Down Its Rampant Warehouse Growth
Bisnow – February 4, 2022
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Is It Time To Sell Your Small Business? How To Prepare For And Maximize Your Sale
Dallas Business Journal – February 15, 2022
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Fed Will Stress Test Banks Against Big Commercial Real Estate Declines
National CRE – February 14, 2022
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R E G I O N A L   N E W S

Investcorp Acquires 64 Industrial Properties Totaling 5.6 Million Square Feet
RE Journals – February 17, 2022
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Where Class B Industrial Infill Product Is Approaching Class A Cap Rates
Globe St. – February 9, 2022
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Fort Capital Acquires 16K-SF Houston Industrial Facility
Connect CRE – February 16, 2022
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Chicago Investor Unloads 5 Suburban Industrial Sites For $32.5M
The Real Deal – February 14, 2022
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Fort Capital Buys 145,619 SF Industrial Property In Metro Houston 
RE Business Online – February 16, 2022
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