Avison Young represented Foundry Commercial in the acquisition of an 18-acre site in Miami for a speculative industrial development of up to approximately 320,000 square feet.
Longpoint Realty Partners bought a warehouse near Miami International Airport for $6.3 million, as the private equity firm continues to target commercial properties in South Florida.
New York-based Brookfield Property Group bought an industrial complex west of Miami International Airport for $82.9 million. Brookfield Property, a subsidiary of Toronto, Canada-based alternative asset manager Brookfield Asset Management Inc., bought the property from MICAP 18 LLC. The purchase price breaks down to $201 per square foot.
CBRE arranged the $19.5 million sale of the Tire Group International (TGI) Distribution Center, a single-tenant distribution building in Miami’s Airport West Submarket.
In many ways, Miami is a paradise: nice weather, cultural diversity, excellent geographical location, low taxes, quality education, and many opportunities for businesses. With these features, Forbes Magazine described Miami in a recent report in which the city stands out as the best place to create new businesses. Does this recognition make Miami is a