The Miami-Dade County Commission unanimously approved a 40-year lease that will allow a developer to build a $400 million cargo hub at Miami International Airport. Under the agreement passed by county commissioners on July 16, Miami Gateway Partners LLC will…
While the large warehouse segment of the industrial market continues to grapple with the effects of a rise in supply and moderating demand, small bay industrial space remains in short supply, specifically in South Florida. Larger industrial properties, with more…
East Capital Partners and ViletCo Enterprises obtained a $26 million construction loan for a spec warehouse in Hialeah. First Bank Puerto Rico, doing business as FirstBank Florida, provided the mortgage to co-developers WGC 97th Property LLC, managed by Drew T.…
Longpoint Realty Partners and Vivo Real Estate Group recently broke ground on a 107,632-square-foot cold storage warehouse in Miami’s Allapattah neighborhood at 2260 N.W. 27th Ave. Called Point 27th, the warehouse facility is projected to be finished early next year. It will…
The king of e-commerce has expanded again with another warehouse lease over 1 million square feet in Southern California. The property spans over 60 acres at 3945 Lytle Creek Road in Fontana, Calif., according to leasing marketing materials. The site is just off…
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…
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…
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…
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…
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…
