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Easton Group Breaks Ground On Hialeah Gardens Warehouse With $24M Loan

An affiliate of Doral-based Easton Group broke ground on a warehouse in Hialeah Gardens after obtaining a $24 million construction loan.

U.S. Bank provided the mortgage to Hialeah Gardens Partners, an affiliate of Easton Group, for the 16.8-acre site at the southeast corner of Northwest 144th Street and 109th Avenue. It’s just east of where Florida’s Turnpike meets U.S. 27/Okeechobee Road.

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Investors Hungry For Industrial Properties

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Before the pandemic, industrial properties were a more of a snack than a main course among real estate’s primary food groups, but investors’ voracious appetite for the sector may result in it occupying a larger place in their portfolios.

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Record Cargo Activity At PortMiam, January 2021 Busiest Month In Its History

PortMiami, one of the top ports in the U.S., processed 113,835 Twenty-Foot Equivalent Units (TEUs) in January 2021, an increase of 21.02 percent from the 94,064 TEUs processed in January 2020, the most active month ever recorded.

Between fiscal year to date, Oct. 1, 2020, through Jan. 31, 2021, PortMiami processed a total of 420,838 TEUs representing the busiest four-month period for cargo activity in its history.

 

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