COVID-19 pandemic? Oil price crash? During this unprecedented time with unprecedented events, DFW industrial real estate—if you can believe it—is cruising into a promising future with even more upside potential.
A joint venture between TRX Investments and EverWest Real Estate Investors has tapped CBRE to lease its industrial park in Doral. CBRE’s Devin White, David Albert, and Andrew Fernandez were tasked with leasing North Doral Park, which was designed with smaller-size tenants in mind.
The Miami Herald has decided to move out of their Doral offices at 3511 NW 91 Ave. in August. In a letter to their readers, they state that the current pandemic has accelerated the organization’s ability to work remotely.
Distribution centers are among the fastest-growing class in the industrial sector, particularly due to e-commerce irreversibly impacting the way people shop. The coronavirus crisis, coupled with consumer preference and demand for high-speed shipping service, has boosted demand for last-mile delivery. As a result, design flexibility has become of paramount importance.
Brookfield Property Partners is increasing its presence in South Florida’s booming industrial market. The real estate arm of the Toronto-based asset manager purchased two industrial warehouses at 10800 Northwest 92nd Terrace in Medley for $26.9 million, records show. Oviedo, Florida-based A. Duda & Sons sold the warehouses.
