The November 18 France Media webinar “From Hype to Readiness — How Commercial Real Estate Firms Are Preparing for AI,” hosted by France Media and sponsored by Defease With Ease | Thirty Capital, offered a look at the realities of artificial intelligence (AI) within the industry. What can a year of AI use in commercial real estate tell us about implementation and tactics? Panelists touched on the limitations of general-purpose tools, as well as trending topics including safeguards, data privacy, accuracy and institutional control. For professionals engaged in commercial real estate, the session highlighted practical ways AI can elevate both day-to-day efficiency and organizational sophistication (especially if efforts are backed up by a unified library of proprietary portfolio data). Panelists discussed how purpose-built platforms can support underwriting, refinancing, internal reporting and ongoing asset optimization by using secure, updated data. The expert presenters gave concrete examples on how AI can act as an effort multiplier: it can strengthen accuracy, surface risks earlier and broaden the capabilities of team members. The included case study underscored real-world advantages, including improved reporting integrity, stronger oversight and better workflow automation. Register here to watch this brief webinar to gain helpful insights on integrating new technology …
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DOVER, N.J. — A joint venture between local investment firm Legacy Real Estate Developers, Saddleback Real Estate Developers and Commerce Park Investors has acquired a 126,108-square-foot office and industrial building in Dover, about 40 miles west of New York City. The building formerly housed the U.S. headquarters of Japanese electronics giant Casio. Elli Klapper of CBRE brokered the deal. The seller and sales price were not disclosed. The new ownership plans to implement a capital improvement program.
Malman Real Estate Negotiates $5.5M Sale of Industrial Property in Grand Junction, Colorado
by Amy Works
GRAND JUNCTION, COLO. — Malman Real Estate has arranged the acquisition of 1048 Independent Avenue, a 65,568-square-foot flex industrial property in Grand Junction. YuanYuan Li, Fengmei Zou and Independent Estate LLC sold the asset to 1048 Independent LLC for $5.5 million. Michael Kraus and Jake Malman of Malman Real Estate represented the buyer in the off-market transaction.
PRINCE GEORGE COUNTY, VA. — The LEGO Group has broken ground on its new 2 million-square-foot regional distribution center in Prince George County near Richmond. The $360 million project will complement the LEGO Manufacturing Virginia facility that is underway in nearby Chesterfield County. Both facilities are scheduled to open in 2027 and will allow the company to reduce lead times, respond faster to shifts in demand, shorten the supply chain and slash its environmental impact. The new facility, which marks LEGO’s sixth distribution center worldwide and second in the United States, will feature advanced automation and will use 100 percent renewable energy to power the site to meet LEED Gold certification. The company also aims to achieve WELL Certification, which certifies buildings for improving the health and well-being of its occupants. The LEGO Group previously announced a build-to-suit lease for the new distribution center with Crosspointe Commerce Center, a joint venture between Hillwood Investment Properties and The Silverman Group. A third-party logistics provider will operate the facility, which is expected to create more than 300 jobs once opened, according to company representatives.
DOUGLASVILLE, GA. — Lee & Associates has negotiated the sale of a 335,613-square-foot industrial facility located at 7555 Wood Road in the Atlanta suburb of Douglasville. The property features modern construction elements, high clear heights, multiple dock positions and functional warehouse space that can accommodate a variety of industrial users. The asset’s location also provides direct access to I-20 and I-285, as well as various regional transportation networks. Approximately 27,917 square feet of the facility is now available for lease. Billy Snowden of Lee & Associates represented the buyer in the transaction. Both the buyer and seller requested anonymity.
DAYTON, TEXAS — JLL has negotiated the sale of Deacero Gulf Inland Logistics Park, a 444,120-square-foot manufacturing and distribution facility in Dayton, a northeastern suburb of Houston. The facility, which is located within the larger Gulf Inland Logistics Park development, was fully leased at the time of sale to Daecero Steel. Trent Agnew, Charlie Strauss and Lance Young of JLL represented the seller, Clay Development & Construction Inc., in the transaction. The buyer was Broadstone Net Lease (NYSE: BNL).
ROCKWALL, TEXAS — Marcus & Millichap has brokered the sale of a 10-building, 325,300-square-foot industrial park in Rockwall, a northeastern suburb of Dallas. The buildings were constructed on 21 acres in phases between 1976 and 1997 and feature 16- to 20-foot clear heights, as well as a total of 28 drive-in doors and 22 dock-high doors. Adam Abushagur, Davis Cagle, Tyler Ranft and Gunnar Vachris of Marcus & Millichap represented the seller, a local family partnership, in the transaction and procured the buyer, PlaceMKR.
HOUSTON — Hexatronic Data Center US, a Dallas-based firm that provides a range of services for the asset class, has signed a 12,365-square-foot industrial lease in northwest Houston. According to LoopNet Inc., the building at 8801 Jameel Road was completed in 1981 and totals 47,932 square feet. Heath Donica, Jack Rathe and Natalie Gilbert of Stream Realty Partners represented the landlord, Bleeker Partners, in the lease negotiations. Kim Mathis of Partners Real Estate represented the tenant.
Colliers Negotiates 100,125 SF Industrial Lease at Washington Highway Logistics Center in Glen Allen, Virginia
by Abby Cox
GLEN ALLEN, VA. — Colliers has negotiated a 100,125-square-foot industrial lease at Washington Highway Logistics Center in the northern Richmond suburb of Glen Allen. The tenant is Riverside Logistics, a third-party logistics and supply chain management company that manages a 1 million-square-foot warehouse portfolio. This lease joins the company’s recent signing at 200 Orleans St. in Richmond. Rob Dirom of Colliers represented the tenant in the lease negotiations. The landlord was not disclosed. Washington Highway Logistics Center totals 400,500 square feet across two buildings.
CLACKAMAS, ORE. — Dermody has announced the purchase and development of LogistiCenter at Clackamas, the first industrial project totaling more than 100,000 square feet to be constructed in Clackamas in the past five years. Slated for completion by the end of 2026, LogistiCenter at Clackamas will offer 248,532 square feet of Class A industrial space that can be divided into smaller units to accommodate multiple customers. The asset will feature a clear height of 36 feet, 52-foot by 50-foot column spacing, LED lights, full circulation and ample trailer parking. As a standalone building, the property can also be fully fenced. Scott Murphy, Tom Talbot and John Hallman of Kidder Mathews are handling leasing.
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