"Real-estate investors are stepping up their purchases of bulk warehouses and other kinds of industrial properties amid better leasing conditions as well as expectations for future growth because of booming global trade.
Investors have spent $10.84 billion purchasing industrial real estate this year as of June 15, 45% more than they did during the same period last year, according to Real Capital Analytics Inc., a New York-based real-estate research firm. Transaction volume will soon top $12 billion, with a deal expected to be announced today. In 2004, industrial real- estate transaction volume totaled a record $20.85 billion, and 2005 sales could well set another record."
This article was published June 30, 2005 by Ray A. Smith with the Wall Street Journal. Click here to access the full article.
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