Miami Warehouse in Airport East Sold

Congratulations to Karlville Development Group for their new headquarters location at 3590 NW 59 Street in Miami. The 57,000 sq. ft. warehouse is located in the Miami Airport East sub-market. The closing sales price was $2,050,000 or about $26 per sq. ft. The sale was closed in January 2014. The purchase was made under IPR…

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CCIM Miami 2014 Commercial Real Estate Outlook Conference

The CCIM Miami 2014 Commercial Real Estate Outlook Conference was held on Wednesday, January 22nd, in Coral Gables, Florida. About 300 professionals joined to listen to various presentations on commercial real estate. Ed Redlich, CCIM delivered the presentation on the Miami industrial real estate market. His presentation can be viewed at CCIM Miami 2014 Industrial…

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Miami Industrial Real Estate Market Report Year End 2013

The year 2013 was about concrete evidence. Over 2,300,000 sq. ft. of warehouse space was delivered to the market in comparison to 2012 where only 538,000 sq. ft. was delivered. In addition, there is 1,600,000 sq. ft. now under construction. Although new space was added to our 229M sq. ft. of total inventory, the vacancy…

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Freight Forwarder Rents Warehouse Space in Doral

Congratulations to Rosy Freight Services (aka RFS International) with their new warehouse space at the Miami International Commerce Center (MICC). The freight forwarder rented 28,540 sq. ft. at 8190 NW 21st Street in Doral. This will be used for their freight forwarding operations for both air and ocean freight along with a customs bonded area.…

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Warehouse Sold in Beacon Industrial Park in Doral

Sold! Class A, free-standing warehouse building located at 10855 NW 33rd Street in Beacon Industrial Park (BIP) in the City of Doral recently sold in December 2013 for a sales price of $1,625,000 or about $91 per sq. ft. The total size is 17,850 sq. ft. The properties features included dock height loading, with one…

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