When a $205 million dredging project is completed this summer at the Port of Miami, allowing large ships that will soon transit the expanded Panama Canal to call at the Southeast port, Florida Gov. Rick Scott will likely be there — perhaps with giant ribbon-cutting scissors in hand — to trumpet Florida ports as gateways for international containerized cargo.
A huge Hialeah warehouse has sold in one of the largest industrial deals of the year, with the mammoth building trading at almost $100 per square foot.
The Panama Canal is a full century old, but it’s going through a growth spurt.
The 48-mile-long waterway that cuts across “the backbone of the Western Hemisphere” is going through the final year of a massive expansion. When work is completed this year, bigger locks will allow the giant “New Panamax” class of container ships and supertankers to slip through and boost the canal’s capacity by half.