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Could COVID-19 Benefit The Industrial Real Estate Market?

There is no doubt COVID-19 will negatively affect many sectors of the real estate market, but not all industries will be impacted in the same way. Industrial real estate, in particular, may actually benefit from the current crisis.

CBRE Group published a market update on April 8, 2020, specifically relating to the impact of COVID-19 on the industrial sector of commercial real estate, clearly showing that several types of industrial real estate are seeing huge increases in demand since the outbreak.

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Terreno Realty Buys Industrial Property In Medley

12950 NW South River Drive

Terreno Realty Corp. (TRNO) recently announced the acquisition of an industrial property in Medley.

Valued at around $6 million, this buyout is consistent with this industrial real estate investment trust’s (“REIT”) strategy of enhancing its industrial property portfolio in major U.S. markets.

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Invesco Makes JV Purchase Of 7-Building Industrial Portfolio Owned By Easton & Associates

A team of Greenberg Traurig attorneys recently represented longtime client Invesco Advisers, Inc. in the joint venture purchase of seven industrial properties in South Florida, totaling 675,387 square feet, for $98 million.

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