Buzz: A big real estate investor earns eye-catching, quick returns on warehouses, basically doubling its money in just two years. Twice.

Source: Koll Co., an Irvine real estate shop that owns 4.8 million square feet of commercial real estate in the Western U.S.

The Trend

Here is another example of how the pandemic superheated the business of warehouses. Koll announced it sold two small industrial parks — one in Arizona and the other in Nevada — well before they planned to cash out. In the process, partners got roughly double what they paid for the properties only two years ago.