The economy is in dire need of restructuring in Florida, and according to experts with the Florida International University of Miami, manufacturing will be key in building resilience in 2021 and onwards.
This is not the dirty manufacturing of old, however. Using new technology and tools, exciting new industrial developments and manufacturing businesses will be able to tie together old processes with the new to create a high-tech and profitable new manufacturing environment.
Miami-based COFE Properties sold its industrial portfolio in Hialeah for a combined $52 million.
The buyer was a fund managed by Boston-based TA Realty, which previously owned most of this property.
A former Miami golf course turned into an industrial park. A Hollywood warehouse chopped up into six smaller offerings. And a bidding war over industrial space in East Hialeah.
Commercial brokers recount these tales in South Florida, a market with high demand for warehouses but not enough industrial-zoned land for new development. Industrial experts must turn to creative problem solving, as a reluctance to visit brick-and-mortar stores has led to a boom in online shopping and a burgeoning need to store appliances, food and other goods. Continue reading