MSP Capital Investments, a Dallas-based real estate private equity firm, acquired Pelican Bays at 4900-4990 Southwest 52nd Street in Davie. In addition to representing the buyer, Levy Realty Advisors was also tapped to manage and lease the office/warehouse complex. CLICK ON THE HEADLINE FOR MORE
According to a new report from Cushman & Wakefield, online sales grew by 14.6 percent in 2021, equaling about $870.8 billion in spending throughout the year. The report indicates that rent growth for warehouses and logistics space could rise by more than 15 percent over the next two years. CLICK ON THE HEADLINE FOR MORE
Deliveries of speculative construction industrial warehouses larger than 100,000 square feet dropped significantly in 2021, according to a recent report from Newmark. Around 80 of these warehouses were delivered across 23 major markets in 2021 — down from about 110 in 2020. CLICK ON THE HEADLINE FOR MORE
The application for the West Atlantic Industrial project within the Agricultural Reserve would address the lack of industrial development in the largely residential area. It comes at a time when industrial vacancy rates in Palm Beach County are near record lows and rents are on the rise. CLICK ON THE HEADLINE FOR MORE
It's not exactly a hot trend yet but for certain office properties with good access to highways and a lot of land, converting those sites into a warehouse project may not be such a stretch. CLICK ON THE HEADLINE FOR MORE
Expert Advice For All Your Commercial And Industrial Property Needs In South Florida