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Tag: Industrial Market

Industrial vs yachts: Boat storage owner plans to replace Dania Beach marina with spec warehouses
Business

Industrial vs yachts: Boat storage owner plans to replace Dania Beach marina with spec warehouses

February 28, 2025February 28, 2025

The owner of a boat storage facility in Dania Beach plans to replace the property’s marina with two spec warehouses. Banyan Bay Marine Center won

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Targeting Broward industrial sites, Walton Street and Lincoln Property buy former Bang Energy HQ for M 
Business

Targeting Broward industrial sites, Walton Street and Lincoln Property buy former Bang Energy HQ for $44M 

February 26, 2025February 26, 2025

Walton Street Capital and Lincoln Property Company are gunning for Broward County industrial sites, paying $43.7 million for a Weston warehouse four months after acquiring

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Self-storage facility owner backed by Easton faces M foreclosure
Business

Self-storage facility owner backed by Easton faces $22M foreclosure

February 21, 2025February 21, 2025

A self-storage facility owner backed by Doral-based Easton Group is in danger of losing a seven-story warehouse in Miami’s Allapattah tied to a $22.1 million

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As part of 0M nationwide leaseback deal, AT&T sells 10 South Florida sites for M
Business

As part of $850M nationwide leaseback deal, AT&T sells 10 South Florida sites for $63M

January 30, 2025January 30, 2025

AT&T has disconnected its ownership of 10 South Florida sites, selling the office/industrial properties to Reign Capital for a combined $62.9 million. An affiliate of

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The Weekly Dirt: Commercial distress, sluggishness on the horizon for South Florida
Business

The Weekly Dirt: Commercial distress, sluggishness on the horizon for South Florida

January 26, 2025January 27, 2025

We’re almost at the end of the first month of 2025, but it still feels in many ways like 2024.  We took a temperature check

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Miami-Dade pays M for industrial sites to use as staging for MIA improvements, expansion
Business

Miami-Dade pays $17M for industrial sites to use as staging for MIA improvements, expansion

January 16, 2025January 16, 2025

Miami-Dade County bought a 3.4-acre industrial site for $17 million that it plans to use as staging for improvements and expansion of the nearby international

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Former exec sues Alden affiliate over allegedly lowballing his stake in properties in South Florida, elsewhere
Business

Former exec sues Alden affiliate over allegedly lowballing his stake in properties in South Florida, elsewhere

January 16, 2025January 16, 2025

Hedge fund Alden Global Capital’s real estate division allegedly tried to shortchange a former property manager and investor in his payout for South Florida hotels

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Industrial vacancies up across South Florida in the fourth quarter, as rents drop in Broward and Palm Beach counties
Business

Industrial vacancies up across South Florida in the fourth quarter, as rents drop in Broward and Palm Beach counties

January 15, 2025January 15, 2025

South Florida’s industrial market took a hit in the fourth quarter of last year, as vacancies rose across the tri-county region, and rents dropped in

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Terreno drops 6M for warehouses in Doral, marking one of last year’s top industrial deals
Business

Terreno drops $196M for warehouses in Doral, marking one of last year’s top industrial deals

January 6, 2025January 6, 2025

Terreno Realty bought three warehouses in Doral for $195.6 million, marking one of last year’s top industrial deals.  The Bellevue, Washington-based firm bought the buildings

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Here are South Florida’s biggest industrial leases of 2024
Business

Here are South Florida’s biggest industrial leases of 2024

December 30, 2024December 30, 2024

South Florida’s industrial market started showing signs of softening this year.  The three biggest leases signed this year were for 200,000 square feet or more,

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