South Florida commercial real estate will keep feeling the impact of the coronavirus pandemic next year, and the U.S. Senate races in Georgia could add changes depending on the outcome of the runoff elections. So says Ed Easton.
Sea cargo to and from Miami-Dade has dipped only slightly despite the coronavirus, according to PortMiami Director Juan Kuryla, who said he expects improvement through year’s end. “Year over year and year-end fiscal 2020 … we were only 4.8% down,” Kuryla said. “That is a significant achievement considering the economic condition worldwide and considering some
With these words, the Director for Economic Development of the City of Doral, Manuel Pila, explained why the municipality has experienced a rapid recovery after the first months of COVID 19: “We have a solid, spacious, multi-varied industrial sector and area and we are very close to Miami International Airport.” Pila explained that similar to
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.
Amid this prolonged uncertainty, everyone agrees that the pandemic’s impacts are yet to be fully seen. Nine months in, the health crisis is about to trigger a global economic crisis, and real estate sectors are reacting differently—some trends, that were already underway, are accentuated, while others are disrupted completely from their original course. One of
