Pricing for industrial distribution and warehouse space climbed in many US markets during the past 12 months, as investors continued to focus on markets tied to large population centers, logistics and e-commerce space.
With the rise of e-commerce fueling a surge in industrial real estate demand, savvy developers are learning it takes more than picnic tables to keep tenants happy, especially in cases where the workforce is on property around the clock. This growing realization is giving way to a new type of asset where industrial space is
South Florida developers tend to hone in on one or two areas they know best, and if you’re talking about Doral, there is no bigger honer than Codina Partners Executive Chairman Armando Codina, who built a master-planned community with schools, a city hall, 5,000 residential units, a Publix and 1M SF of commercial space. Codina,
Miami-Dade continues to be propelled by persistent economic growth, bustling port activity, positive investor sentiment and strong leasing, creating a perfect recipe for industrial demand.
Blackstone bought a huge industrial portfolio next to Miami International Airport for $56 million. The private equity giant bought the three warehouses totaling 367,848 square feet at 3208 Northwest 72nd Avenue and 3108 Northwest 72nd Avenue for $152 per square foot, records show. Airport Trade Center, which lists Haim Yehezkel as one of its principals,
