Waste Connections has expanded its South Florida operations by acquiring a 12-acre trucking terminal in Miami Gardens for $51 million. Strategically located near Interstate 95 and Florida’s Turnpike, the acquisition strengthens the company’s waste collection and transportation infrastructure in the rapidly growing region.
Located within the heavily sought-after Airport West submarket, the property offers immediate proximity to the Palmetto Expressway, Miami International Airport, and the Port of Miami, ensuring the property has the flexibility to support a wide range of commercial uses and daily transport needs.
A proposed 168-room Tribute hotel would add a hospitality component to Downtown Doral, continuing the buildout of Codina Partners’ mixed-use district.
The transaction equates to roughly $251 per square foot.
Capital is increasingly concentrated in a single property type, marking data center investment one of the most focused cycles in decades. The scale of growth is striking. In the U.S., spending on data center construction now exceeds all other commercial real estate combined.