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…
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.…
