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.
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.
Raj Prakash was in Miami for the launch party of a friend’s reality show in March when the start Covid-19 pandemic fueled his decision to not to return to New Jersey.
Not only has he stayed in town, his company has created 87 jobs in the region this year. Continue reading