warehouse construction plans_86916660_s

After securing a $26 million construction loan, Butters Construction & Development broke ground on a warehouse on a 12.55-acre site at 5601 N. Hiatus Road. Sonny’s Enterprises, a manufacturer of car wash equipment, will occupy the entire space as its headquarters and distribution facility.

businessman looking through telescope_186407930_s 770x320

Cap rates could rise another 50 to 100 basis points. But according to one industry expert, the industrial sector should stay a favored asset class for experienced investors, despite rising capital costs.

outlook_forecast_184185546_s 770x320

Headline CPI increased 7.7 percent over the 12 months ending in October, the smallest year-over-year increase since January of this year. Pricing is recalibrating across most property types as the expectation gap between buyers and sellers widen and lending criteria have tightened.