Amazon is planning to sublease some of its warehouse space now that the pandemic-fueled surge in online shopping, which helped the e-commerce giant rake in soaring profits in the past two years, has eased.
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.
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.