Carnival Corporation selects Miami for New Headquarters
Strategic move to Miami Carnival Corporation, recognised as a global leader in the cruise industry, has unveiled plans to establish its new world headquarters in Miami. In recent news, Carnival Corporation selects Miami for new global headquarters and announces shoreside changes to its operational approach. This move is both a symbolic and practical commitment to […]
Blackstone sells $120M industrial portfolio in South Florida: market trends and key details
Key details of the portfolio sale Blackstone, one of the world’s largest private equity firms, has recently completed the sale of a sizable industrial real estate portfolio in South Florida. The deal, which closed at $120 million, includes 14 separate properties spanning multiple cities in the region. These assets are predominantly light industrial facilities, which […]
Miami’s Office Market Stabilizes: Key Trends Ahead
Miami’s office market is entering a new phase, adjusting to post-pandemic realities and stabilising into a “new normal.” According to a report by GlobeSt, leasing activity in Q4 2024 dropped 24% year-over-year, with absorption turning negative. Despite these challenges, there are encouraging signs for 2025. These include rising asking rents, strong demand for quality spaces, […]
How AI Is Transforming Logistics | Prologis CTO Insights
How Technology and AI Are Transforming Industrial Real Estate: Lessons from Prologis Technology is reshaping the industrial real estate industry, and companies that embrace digital transformation are gaining a competitive advantage. One of the strongest examples is Prologis, which has invested heavily in artificial intelligence (AI), automation, cloud technology, and data analytics to improve operations […]
Commercial Property Market Coming Back to Life
Commercial Real Estate Recovery Creates New Investment Opportunities The U.S. commercial real estate market is showing encouraging signs of recovery after several years of uncertainty. Transaction activity is gradually increasing as buyers and sellers become more aligned on property valuations. While challenges remain across certain asset classes, improving liquidity and renewed investor confidence suggest the […]
Northwood buys fully leased portfolio of Sun Belt industrial properties
Northwood Investors has acquired a collection of industrial assets totaling 1.8 million square feet across Georgia, Florida and Texas for $160 million. JLL Capital Markets represented the seller of the fully leased Sun Belt Logistics Distribution Portfolio. The brokerage firm also secured the acquisition financing from Apollo affiliates. The portfolio comprises three industrial buildings in premier […]
Doral’s new park has a fishing pier, kayak launch and skate park.
After six years of construction, a new 78-acre park has opened in Doral, making it the city’s largest recreational space. During a grand opening this week, hundreds of residents visited the park for the first time. They explored amenities that include a skate park, a fishing pier and a kayak launch. Situated near the U.S. […]
How Robotics and AI Are Transforming Industrial Development
Artificial intelligence (AI) and robotics are changing industrial real estate faster than ever before. What once seemed like future technology is now becoming part of everyday warehouse operations. From automated storage systems to AI-powered inventory tracking, businesses are investing in smarter ways to improve efficiency and meet growing customer demand. As technology continues to evolve, industrial property owners, […]
Prologis Pays $55M For Verizon Subsidiary HQ Near Doral With Plans For Industrial Redevelopment.
Prologis Expands Its Industrial Portfolio Near Doral Prologis has purchased a Verizon subsidiary’s headquarters near Doral for $54.5 million. The company plans to redevelop the property into a modern industrial facility, further expanding its presence in one of South Florida’s strongest logistics markets. The San Francisco-based real estate investment trust acquired the property at 9700 […]
South Florida Commercial Real Estate Performance Summary
Over the last year, the South Florida commercial real estate market has remained resilient despite the wider economic slowdown. Still, moderate demand across property types has slowed rent gains, while new construction has widened space availabilities, particularly in the multifamily and big-box industrial segments. The most significant change from our prior update has been the marked slowdown […]