Industrial development giant Prologis acquired 28.45 acres near its Beacon Lakes Business Park in west Miami-Dade County. The company, through affiliate Prologis-Exchange Beacon Lakes 46 LLC, issued four deeds for a combined $22.7 million.
Investors can’t get enough of warehouses and logistics spaces these days, but there are some signs that a bubble could be forming. Asset management firms including Blackstone Group, Cerberus Capital Management and KKR have doubled down on logistics centers, and prices for warehouses have surged, Bloomberg News reported. According to real estate research firm Real Capital Analytics, values for industrial
First Industrial Realty Trust and Butters Construction & Development broke ground Thursday, December 3, on First Park Miami, First Industrial’s newest industrial development.
Raj Prakash was in Miami for the launch party of a friend’s reality show in March when the start Covid-19 pandemic fueled his decision to not to return to New Jersey. Not only has he stayed in town, his company has created 87 jobs in the region this year.
Joint venture partners Bridge Development Partners, one of South Florida’s most active industrial real estate developers, and PGIM Real Estate, the global real estate investment and financing business of Prudential Financial, Inc., announced it has secured $67 million in financing to develop Bridge Point Cold Logistics Center, a 312,103-square-foot speculative cold storage facility in Hialeah.
