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Amazon’s Plan For Massive Warehouse Heats Up Homestead Industrial Market

About two months after Amazon secured approval for what could be its largest distribution warehouse yet in South Florida, commissioners will vote on whether to approve a second e-commerce development on Homestead-Miami Speedway land.

Homestead’s Planning & Zoning Board approved plans Tuesday for a 145,000-square-foot distribution facility west of the motor racing track. Though the tenant has not been disclosed, the developer, Hillwood, has built Amazon warehouses in the past.

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Banyan Capital Buys Doral Office Towers For $43M

A company with ties to Miami-based Banyan Street Capital bought a Doral office complex for $43 million, marking a discount from its last purchase price four years ago.

The real estate investment firm bought the twin office buildings near the intersection of Northwest 36th Street and Northwest 87th Avenue, along with some adjacent properties, according to records. The seven-story towers were built in 1985 and 1990.

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Lennar Subsidiary Acquires Doral CRE Properties For $56M

A subsidiary of Lennar Corp. paid $56.25 million for Doral Corporate Center and a neighboring CVS pharmacy building.

Hines VAF II Doral, a subsidiary of Houston-based real estate giant Hines, sold the 150,662-square-foot office building to RREF III-P Doral Office for $48.75 million and the recently completed pharmacy building at 8750 N.W. 36th Street for $7.5 million to RREF III P Doral Outparcel.

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