A foreign billionaire's rapid acquisition of properties in Carmel, a picturesque coastal town, has sparked concern among locals.

Zara's billionaire founder, Amancio Ortega, is further expanding his logistics network in the U.S. with the acquisition of a logistics center in Inland Empire, California, for $109 million.

Companies are still showing major interest in expanding their footsteps in the short term, mainly by obtaining warehouse space.

Large companies are dominating the warehouse real estate scene, leaving smaller companies in the dust as they sign deals amounting to 37 facilities of 1 million square feet or more.