Doral’s commercial industrial rental rates has seen a climb to the point where multi-story vertical warehousing projects are being considered, according to local real estate experts.
Bridge Industrial and the Canada Pension Plan Investment Board have announced a $1.1 billion joint venture to develop industrial properties in select supply-constrained markets across the US. CPP Investments will own a 95% stake in the joint venture and Bridge will own the remaining 5%.
South Florida’s top industrial sales crushed last year’s records, marking a return to sale prices in the hundreds of millions, as the sector outperformed the rest of the market during the pandemic.
As demand outpaces supply in South Florida’s industrial market, GLP Capital Partners scored a $64.2 million construction loan for a new logistics park in Doral, The Real Deal has learned. The Santa Monica, California-based industrial real estate firm is building Modlo Air Logistics Center on the former site of PepsiCo’s regional headquarters and bottling plant at 7777
Cargo transport company King Ocean Services is relocating and expanding within Miami, taking 157,528 square feet in the Airport West submarket. The ocean transport company signed a long-term deal to occupy an entire building at the Prologis Beacon Lakes industrial park. The building, located at 13155 NW 19th Lane, is currently under development and scheduled for completion in the fall
