TAG Industrial Market Watch: June 8, 2019
“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
How warehouses are going green and saving money through water harvesting
Commercial Real Estate – June 3, 2019
High Conviction: Blackstone Drops $19B To Buy Back Big Chunk Of Logistics Portfolio It Sold In 2014
BISNOW – June 3, 2019
T E X A S N E W S
300K-SF 6333 Legacy Planned for Campus at Legacy West
Connect Texas – June 3, 2019
Ace Hardware Expanding South Dallas Distribution Center to 900K SF
Connect Texas – June 3, 2019
Texas Rents Still Below National Average
Globe St. – June 2, 2019
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
Top 150 Private Companies: Logistics firms haul in the revenue
Kansas City Business Journal – May 31, 2019
Pfizer Opens $236M Facility as Region Makes Gains in Biotech Industry
St. Louis Business Journal – May 30, 2019