County approves $400 million expansion project at Miami airport
The Miami-Dade County Commission unanimously approved a 40-year lease for a major cargo development at Miami International Airport (MIA). The agreement allows Miami Gateway Partners LLC to develop a $400 million cargo hub designed to expand the airport’s cargo capacity and support Miami’s growing logistics industry. The project is another significant investment in Miami’s transportation […]
Small Bay Industrial Properties See Healthy Leasing and Limited Supply in South Florida.
Why Small Bay Industrial Properties Continue to Outperform in South Florida While the large warehouse segment of the industrial market continues to face rising supply and moderating demand, small bay industrial properties remain in short supply. As a result, leasing activity and rent growth in this segment continue to outperform the broader industrial market, especially […]
Developers obtain $26 million construction loan for Hialeah warehouse
East Capital Partners and VlietCo Enterprises secured a $26 million construction loan for a new speculative warehouse in Hialeah, adding another major industrial development to the Miami-Dade County market. Developers obtain $26 million construction loan for Hialeah warehouse, marking a significant investment in the area. FirstBank Florida provided the construction financing to co-developers WGC 97th […]
Large warehouse breaks ground in Miami’s Allapattah
Longpoint Realty Partners and Vivo Real Estate Group recently broke ground on a 107,632-square-foot cold storage warehouse in Miami’s Allapattah neighbourhood. The facility is at 2260 N.W. 27th Ave. Called Point 27th, the warehouse facility is projected to be finished early next year. It will include high-efficiency refrigeration systems and a glycol system. Moreover, the facility will […]
Amazon Signs Another 1M SF Warehouse Lease
Amazon Expands Its Logistics Network with Another Major Warehouse Lease in Southern California Amazon continues to expand its logistics network with another warehouse lease of more than 1 million square feet in Southern California, reinforcing its long-term investment in industrial real estate despite a more balanced market. The new facility sits on a 60-acre site […]
Foundry breaks ground on warehouse at airport with $30M loan
Foundry Commercial broke ground on a warehouse at Miami-Opa locka Executive Airport thanks to a $30.1 million construction loan. Regions Bank provided the leasehold mortgage to Foundry Meek IV LLC, an affiliate of Orlando-based Foundry Commercial, in partnership with the nonprofit Carrie Meek Foundation and Clarion Partners. It covers 20.3 acres that the developer leases […]
Blackstone plans 128,000-square-foot warehouse in Miami-Dade
Link Logistics, the industrial arm of investment giant Blackstone, has proposed a warehouse near Miami Springs and Medley. The New York-based developer filed a pre-application with Miami-Dade County officials concerning the 6.35-acre site at 7320 N.W. 61st Street. Blackstone affiliate B10 NW 74th Ave Owner LLC acquired the property, formerly a vehicle storage and propane sales […]
Census: City Of Miami Population Grew Last Year By 1.3%
Miami’s population grew last year, according to newly released Census Bureau data. As of July 1, 2023, the City of Miami’s estimated population stood at 455,924. That is an increase from the estimate of 450,014 residents on the same date in 2022. According to an Axios analysis, Miami’s 1.31% growth rate in 2023 was one of […]
Property Management Success: Cool Heads for Cold Storage
Over the past several years, cold storage has become an increasingly heated industrial specialty. According to Grand View Research, the climate-controlled storage sector, worth $36.9 billion as of 2023, is expected to grow 17.5 percent annually by 2030. Much of this demand is structural. In a recent CPE Viewpoint, David Greek of Greek Real Estate Partners cited increased […]
Biden Increases Tariffs on Chinese Imports for Computer Chips, Electric Vehicles
During President Joe Biden’s administration, billions of dollars in factories making semiconductors, electric vehicle parts and solar panels were built partly to take advantage of federal subsidies meant to bolster U.S. production of these goods. Now Biden’s put some of those signature legislative items to the test. Biden on Tuesday approved higher tariffs on various cheap Chinese […]