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Blackstone Picks Up $94 Million Worth Of Industrial Properties From Elion Partners

Investment giant Blackstone paid a combined $45.9 million to Elion Partners for five warehouse properties in Broward County. However, a source with knowledge of the deal said the transactions included eight properties in Miami-Dade. When considering all properties in Miami-Dade and Broward counties, the total price was $93.5 million.

The deal shows there remains strong demand for industrial real estate in South Florida as occupancy rates are high. North Miami Beach-based Elion Partners acquired these warehouses in 2018 and 2019, and the new sale prices were significantly higher than the previous deals.

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Doral Receives World Council Platinum Certification For A Second Year

In 2018, the City of Doral joined the World Council on City Data (WCCD) for a second time as a WCCD ISO 37120 Platinum Certified city, joining the ranks of global cities like Barcelona and Dubai.

This prestigious certification marks a commitment to transparency, data-driven decision making and a commitment to creating a smarter, more sustainable, prosperous, and resilient future for the City of Doral. WCCD ISO 37120 Certification is awarded to cities who reach the highest standard in collecting and sharing data, using it for effective decision-making.

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South Florida’s Priciest Industrial Sales In 2018

Industrial properties in South Florida were in hot demand in 2018, with the top five industrial sales totaling $478 million, outperforming last year’s $401.5 million.

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