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Anheuser-Busch sells Newark industrial site for $360M, a major logistics hub redevelopment opportunity.

Company Fundamentals
06 May 2026
PRNewsWire
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Bullish
pluang ai news

Anheuser-Busch has sold its former industrial facility in Newark, New Jersey, to Goodman Group for $360 million. The 86-acre site, with over 1.7 million square feet of structures, is one of the largest industrial redevelopment opportunities in the New York metro area, strategically located near Newark Liberty International Airport and major ports. This sale highlights the strong demand for logistics and industrial spaces in Northern and Central New Jersey, a key U.S. supply chain hub. Newmark Group advised Anheuser-Busch in the transaction, emphasizing the site's scale, connectivity, and zoning flexibility for diverse industrial uses.

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Global automotive microcontrollers market to reach $34.31B by 2035, driven by ADAS, electrification, and software-defined vehicles.

Global automotive microcontrollers market to reach $34.31B by 2035, driven by ADAS, electrification, and software-defined vehicles.

The global automotive microcontrollers market is projected to grow from USD 15.49 billion in 2025 to USD 34.31 billion by 2035, at a CAGR of 8.28%. Growth is fueled by increasing adoption of advanced driver-assistance systems (ADAS), vehicle electrif...

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Sodexo wins major global catering contract with Meta for 130+ sites in 30+ countries

Sodexo wins major global catering contract with Meta for 130+ sites in 30+ countries

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Viasat and BMW Group demonstrate the first integrated automotive satellite voice call, enabling connectivity in remote areas.

Viasat and BMW Group demonstrate the first integrated automotive satellite voice call, enabling connectivity in remote areas.

Viasat and BMW Group have successfully demonstrated the first integrated automotive satellite voice call, allowing drivers to make calls directly through the car's infotainment system even in areas without cellular coverage. This advancement, utilizi...

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Iran warns of crushing retaliation if US targets its infrastructure amid escalating strikes.

Iran warns of crushing retaliation if US targets its infrastructure amid escalating strikes.

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Solana (SOL) holds steady in the mid-$70s, boosted by $500M USDC mint, institutional access, and ETF momentum.

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Solana (SOL) maintains its price in the mid-$70 range, supported by several key developments. These include Circle's recent issuance of $500 million in USDC on the Solana network, increasing liquidity and transactional demand. Additionally, instituti...

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