The country's largest industrial real estate developer said this week it has paused speculative development but anticipates tailwinds for the sector later on.
In the company's earnings call Tuesday, Prologis executives outlined steps the San Francisco-based REIT is taking with its nearly 1B SF portfolio in response to rampant economic shutdowns. Among them is stopping new spec development, though it is proceeding with build-to-suit projects, all of which are on track, Prologis Chief Customer Officer Mike Curless said.
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