Archives

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

Industrial’s Hot Streak Projected To Hold

New numbers have confirmed that 2019 was a monumental year for industrial real estate, with total volume soaring to a record high of $102B, JLL reports.

That propulsion is expected to carry into 2020. JLL predicts industrial volumes in 2020 will continue to boom, with large-scale portfolio deal flows that are slated to finish during the first two quarters of 2020.

Continue reading

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

As Blackstone & Prologis Buy Up Industrial, These Local Players Make Bank

Malcolm Butters’ firm has been building industrial properties in South Florida for about 30 years. But the last three or four of those years have been nothing like what came before.

Companies such as Butters Construction have been forced to adapt to changes within an industrial market that has seen a massive influx of institutional capital from the likes of Blackstone and Prologis. Thanks to the rise of Amazon and e-commerce, these firms — especially Blackstone, which has north of $500 billion in assets under management — are paying top dollar for institutional properties.

That makes it difficult for smaller players like Butters to compete for deals to buy and develop new properties, especially in a place with little land left to build.

Continue reading

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

These Were South Florida’s Biggest Industrial Leases Of 2019

It was a strong year for industrial leases in South Florida, with the largest — for a Home Depot distribution center in Hialeah — topping 1 million square feet.

Continue reading