A joint venture between private equity giant Carlyle Group and developer Crow Holdings bought land west of Coral Gables, likely for industrial development.
An affiliate of Doral-based Easton Group and Irvine, California-based LBA Logistics obtained a $61.1 million construction loan to build a pair of warehouses in Hialeah. Principal Life Insurance Co. provided the mortgage to Hialeah Gardens Partner II Property Owner, an affiliate of Easton Group and LBA Logistics. It covers the 26.4-acre site at 4220 W.
Miami International Airport (MIA) is adopting a vertical approach to meeting air cargo capacity demand as it contends with limited space. The airport’s “Vertically Integrated Cargo Community” project envisions a five-story storage warehouse which is expected to more than double its current cargo capacity. Expected to break ground next year, the estimated five-year project will
The industrial sector remained one of the strongest commercial real estate performers in 2022, despite rising interest rates and ballooning inflation. Onshoring efforts, coupled with a continuation of last year’s e-commerce boom, have only added to the already sky-high demand for industrial real estate. But in the second half of 2022, the industrial market began
An industrial site along the Palmetto Expressway in Miami-Dade County was sold for $20 million and a neighboring parcel could be developed into a medical facility. DJD Real Estate Holdings, an affiliate of John Deere dealer Dobbs Equipment, sold the 5.6-acre site with a 28,000-square-foot warehouse at 4343 N.W. 77th Ave. to San Francisco-based Stockbridge.
