Miami-based COFE Properties sold its industrial portfolio in Hialeah for a combined $52 million. The buyer was a fund managed by Boston-based TA Realty, which previously owned most of this property.
A former Miami golf course turned into an industrial park. A Hollywood warehouse chopped up into six smaller offerings. And a bidding war over industrial space in East Hialeah. Commercial brokers recount these tales in South Florida, a market with high demand for warehouses but not enough industrial-zoned land for new development. Industrial experts must turn to
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.
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
As retail struggles throughout the pandemic, there are many arguments for converting slumping shopping centers into new uses. Big box retail hasn’t suffered as much as mom-and-pop stores, gyms and restaurants. Still, investors and developers are looking to warehouse conversions as a way to take advantage of the higher returns and strong rental growth of
