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Earnings Roundup: Stitch Fix, FedEx, and Adobe

Earnings Roundup: Stitch Fix, FedEx, and Adobe
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FedEx announced price hikes for shipping rates

FedEx announced price hikes for shipping rates
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Logistics real estate portfolio grows for Goldman Sachs and Dalfen


On Wednesday, Goldman Sachs Merchant Banking Division and Dallas, Texas-headquartered industrial real estate investor Dalfen Industrial announced the purchase of 10 last-mile delivery logistics properties. The acquisitions are part of an ongoing partnership between the two companies to acquire infill industrial propertiesin key U.S. gateway markets: specifically, the fast-growing, tax-advantaged Western and Sun Belt cities of Denver, West Palm Beach, Charlotte, San Antonio, and Fort Worth.
Post these acquisitions, Dalfen Industrial and Goldman Sachs Merchant Banking now jointly own 52 industrial properties totaling 7.13M square feet in 19 U.S. cities in 10 states.
Two of the properties are strategically located in the West Palm Beach, Florida market, including the Interstate Park Logistics Center, which faces the I-95 highway and is 100 percent occupied by long-term tenant Serta. ....

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