Anthony Crivello

2022 Looks Like Another Strong Year for Industrial Real Estate

While the COVID-19 had a devastating impact on countless industries, industrial real estate has weathered the storm well since the pandemic began in 2020. Whereas office, retail, commercial real estate sectors have struggled, industrial real estate owners, investors, and other stakeholders have found themselves well-positioned to thrive. This article will explore some trends that will help industrial properties remain a hot commodity this year. Industrial Prepares for Another Banner Year The driving forces behind industrial real estate demand will continue in 2022 and beyond. As ... Read More

Phoenix Investors Acquires Original Whirlpool Corporation Campus in Cleveland, Tennessee

BENTON HARBOR, Mich., Jan. 6, 2022 – Whirlpool Corporation (NYSE: WHR) announced today the sale of its original Cleveland, Tenn., manufacturing campus to an affiliate of Phoenix Investors. Whirlpool Corporation built a new plant and warehouse in Cleveland in 2012 at a separate site. On the original campus, Whirlpool recently completed the demolition of manufacturing buildings and continues to occupy the distribution warehouse on the property. The original campus comprises approximately 77 acres and a 150,000 sq. ft. warehouse. Phoenix Investors, a national commercial ... Read More

COVID-19 Industrial Real Estate Industry Update – December 2021

Few business sectors have experienced growth and success over the last two years, but industrial real estate has stood apart since the onset of COVID-19 in early 2020. The pandemic spurred numerous trends which have continued to benefit industrial real estate owners, real estate investment trusts (REITs), developers, and other industry players. Though most other commercial real estate sub-sectors struggled, industrial has steadily led the pack throughout the pandemic.How COVID-19 Continues to Impact Industrial Real EstateWith only about 60% of the U.S. population vaccinated and ... Read More

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