The IOS asset type is now reaching a stage of transition that is creating new opportunities to create value for existing owners and new market entrants. Owners can add benefits to their properties such as security, storage yards and other improvements.
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.
The latest plans for Trump Doral International call for 1,498 condos in four towers of 20 stories each, 141,694 square feet of commercial space with mostly retail and restaurants, and a significant amount of public space, including a public plaza.
The economic analysis of Doral recently presented by Florida International University shows that Doral has an excellent reputation as a safe, modern, and efficient city for business and that the city continues to leverage its strengths.
As evidenced by Prologis Research’s U.S. Industrial Business Indicator, a post-pandemic building boom is coming to an end, with only 46 million square feet of speculative projects breaking ground in Q2. This will leave customers with dwindling options in many locations and size categories.