Archives

, , , , , , , , , Posted by on

Miami-Dade To Consider Proposal For $1.1B Cargo Hub At MIA

Miami-Dade County officials could enter serious negotiations with developers to build a $1.1 billion cargo hub in a multistory building at Miami International Airport.

The Miami-Dade Airports and Economic Development Committee on Jan. 11 will consider a resolution to enter into direct negotiations with Woodlands, Texas-based CCR USA Airport Management and Scottdale, Georgia-based AIRIS USA LLC for their patented “Vertically Integrated Cargo Community” (VICC). The measure could go before the full County Commission on Feb. 1. The parties submitted an unsolicited proposal to the county in October 2020.

Continue reading

, , , , , , , , Posted by on

Miami-Dade Warehouse With Cold Storage Sells For $26 Million

Ivy Realty snagged a Miami-Dade County warehouse with cold storage for $26 million, as it continues to expand its South Florida industrial portfolio, The Real Deal has learned.

The commercial real estate investor bought the property at 6950 Northwest 77th Court from an affiliate of The Apollo Group in a sale-leaseback. The Apollo Group, a logistics provider to cruise lines, leases the entire property for its headquarters.
Continue reading

, , , , Posted by on

PortMiami Cargo Keeps Head Above Water In Downturn

Sea cargo to and from Miami-Dade has dipped only slightly despite the coronavirus, according to PortMiami Director Juan Kuryla, who said he expects improvement through year’s end.

“Year over year and year-end fiscal 2020 … we were only 4.8% down,” Kuryla said. “That is a significant achievement considering the economic condition worldwide and considering some countries have not yet totally opened.”

Continue reading