Industrial Watch: March 7, 2020
“The Federal Reserve wasted no time in responding to the coronavirus panic with yet another interest rate cut on Tuesday, the first of 2020 but the fourth in a series of slashes beginning in 2019. The Feds made the cut of 50 basis points, the largest in over a decade. The emergency rate cut is meant to cushion the economy against the virus’s effects, but the actual impact is still unknown. Another quarter-point cut is expected at the next meeting on March 18, and possibly another in April. A rate cut in no way solves the viral issue, but it’s better than nothing. A small bright light is that experts say data centers and industrial are assets with the most upside, as public traffic issues hit them less.” -Adam Abushagur
I N D U S T R I A L N E W S
Investors See U.S. Real Estate As Safe Haven During Coronavirus Scare
BISNOW – March 5, 2020
Last-Mile Industrial Investment Opportunities Expanding to Smaller Markets
National Real Estate Investor- March 5, 2020
Data Center Sale-Leasebacks All the Rage
SIOR- March 3, 2020
T E X A S N E W S
Investors Still Like Houston Industrial
GlobeSt – March 3, 2020
DFW Industrial Sales Reach Nearly $844M in First 2 Months of 2020
BISNOW – March 3, 2020
Development to bring millions of square feet of warehouse space to south Fort Worth
Dallas Business Journal – March 3, 2020
Lone Star Bright: Texas Boasts A Saga Of Success
Business Facilities – March 4, 2020
M I D W E S T N E W S
KCI Quarterly Update: With foundation laid, vertical work starts in April
Kansas City Business Journal – March 5, 2020
City Foundry gets $40M investment
St.Louis Business Journal – March 3, 2020