How Prologis harnesses the power of its proprietary data across all business platforms. Asked how an aerospace engineer became the chief technology officer at a logistics real estate company, Sineesh Keshav emphasizes he never worked a day in his field…
The commercial market is rebounding. Transactions are increasing, driven by distressed properties and new liquidity as buyers and sellers agree on pricing. NEW YORK – Buyers and sellers in U.S. commercial real estate are increasingly convinced that the beleaguered market…
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…
After six years of construction, a new 78-acre park has opened in Doral, making it the city’s largest recreational space. At a grand opening this week, hundreds of residents visited the park for the first time, exploring amenities that include…
Before the end of the next 10-year lease term ends, the industrial world as we know it will be forever different. The rapid advancement and adoption of robotics and AI is causing everything we know to be reinvented again and…
Prologis bought a Verizon subsidiary’s headquarters near Doral for $54.5 million, with plans for an industrial redevelopment. The San Francisco-based real estate investment trust scooped up the one-story building at 9700 Northwest 112th Avenue in an unincorporated area of Miami-Dade County from TracFone Wireless, according to…
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…
Inflation declined to 2.5% in June, supporting the Fed's potential September interest rate cuts and hinting at a "soft landing" for the economy. WASHINGTON — The Federal Reserve’s favored inflation measure remained low last month, bolstering evidence that price pressures…
Miami’s major airport is getting an upgrade with a new building expected to help meet the airport’s growing international commerce demands. The Miami-Dade County Commission approved a lease agreement with Miami Gateway Partners, LLC, to build a four-story cargo facility that would…
Prologis, the world’s largest warehouse owner, raised its financial outlook for the year as a surge of leasing activity in the second quarter served as a promising industry sign that warehouse demand is starting to pick up again. The San…
