“Economists say a trade war with Mexico would impact Texas more than any other state. But commercial real estate investors are saying they’ve heard similar threats before and are waiting before jumping into contingency plans. The supposed new tariff on Mexican goods would begin June 10, 2019 at a rate of five percent, with a hike in October to 25 percent, if Mexico does not work to stop illegal immigration into the U.S. Trump has threatened a shutdown of the border previously though, without it coming to fruition. CRE executives are waiting this time to see how Congress intervenes and if there’s any bite to the bark.”

-Adam Abushagur

 

I N D U S T R I A L   N E W S

GOP lawmakers discuss vote to block Trump’s new tariffs on Mexico, in what would be a dramatic act of defiance

The Washington Post – June 3, 2019

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How warehouses are going green and saving money through water harvesting

Commercial Real Estate – June 3, 2019

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High Conviction: Blackstone Drops $19B To Buy Back Big Chunk Of Logistics Portfolio It Sold In 2014

BISNOW – June 3, 2019

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T E X A S   N E W S

300K-SF 6333 Legacy Planned for Campus at Legacy West

Connect Texas – June 3, 2019

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Ace Hardware Expanding South Dallas Distribution Center to 900K SF

Connect Texas – June 3, 2019

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Texas Rents Still Below National Average

Globe St. – June 2, 2019

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M I D W E S T   N E W S

Two of KC’s strongest, fastest-growing banks will merge

Kansas City Business Journal – June 3, 2019

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Top 150 Private Companies: Logistics firms haul in the revenue

Kansas City Business Journal – May 31, 2019

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Pfizer Opens $236M Facility as Region Makes Gains in Biotech Industry

St. Louis Business Journal – May 30, 2019

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2019-06-10T16:54:18+00:00