Investment giant Blackstone paid a combined $45.9 million to Elion Partners for five warehouse properties in Broward County. However, a source with knowledge of the deal said the transactions included eight properties in Miami-Dade. When considering all properties in Miami-Dade and Broward counties, the total price was $93.5 million. The deal shows there remains strong demand for industrial real estate in South
A warehouse in Hialeah could be rezoned to spur multifamily development near a public transit station. The 8.27-acre site at 1101 East 33rd St. has a 159,000-square-foot warehouse constructed in 1956. It’s seven blocks north of the Tri-Rail/Metrorail transfer station, where the regional rail transit connects with Miami-Dade County’s primary public rail system. It’s also
The project, which began construction in 2016, will total more than 8 million square feet. CLICK ON THE HEADLINE FOR MORE
The financing likely signals that the owner will be moving forward with future development on vacant land neighboring the warehouse, which could be a 630,000-square-foot facility. CLICK ON THE HEADLINE FOR MORE