Arthur Rasmussen, Jr., Senior Vice President at CBRE The rise of online grocery shopping is bringing with it increasing demand for warehouse space in Southern California. Those changes in the way people shop for food have created a growing market for refrigerated space within the red-hot industrial landscape in Los Angeles and throughout California. The […]
With SoCal industrial market still hot, warehouse firm sells majority stake
Fort Point partner Christina Pai and AMS chief workforce development officer Ken Wiseman In another sign of the continued demand for industrial space in Southern California, warehouse firm AMS Fulfillment sold a majority stake in its business to Fort Point Capital, a Boston-based private equity firm. AMS operates 550,000 square feet at four centers in […]
Patrick Soon-Shiong’s NantWorks buys Redondo Beach industrial park
From left:Timur Tecimer and Patrick Soon Shiong (Credit: Google Maps) The nation’s richest doctor has bought another property in the South Bay. An entity tied to NantWorks, a biotechnology company founded by billionaire Patrick Soon-Shiong, paid $27 million to acquire an industrial park in Redondo Beach, The Real Deal has learned. The property, located at […]
Red-hot industrial market plateaued toward end of 2018: report
From left: 5959 Randolph Street, a rendering of the Torrance project, and 5300 Sheila Street Los Angeles’ industrial market cooled down in the latter half of 2018 due to limited available space and nervousness about the cycle coming to an end, according to a new report. The plateauing concluded a year in which investors preyed […]