Private firm strikes $262M deal for 25-building logistics portfolio in South Florida

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Longpoint has acquired a cluster of industrial-logistics properties totaling 1.4 million square feet across 12 locations in the Miami and Fort Lauderdale, Florida, areas.  The Boston-based real estate private equity firm acquired the 25-building industrial portfolio for $262 million from Pennsylvania-based Seagis Property Group. Longpoint officials said the acquisition expands the company’s presence throughout several…

Morgan Stanley sees inventory restock producing freight upcycle soon

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An end to a prolonged freight recession could be approaching sooner than some investors may think, one equities analyst said Monday. The bullish call was largely centered on the need for inventories to be replenished after companies have spent the last few quarters drawing down overstocked levels. “Shippers continue to remain on reorder ‘strike’ while…

Cali puts drayage in the crosshairs; why brokers Zyn; Manifest takes Vegas – WTT

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On today’s episode of WHAT THE TRUCK?!? Dooner is talking to Harbor Trucking Association’s Matt Schrap about drayage entering California’s crosshairs. We’ll learn how new CARB and AB5 regulations will impact West Coast ports in ’24.  Manifest kicks off the winter conference season with their blockbuster event in Las Vegas. We’ll hear from Pam Simon…