Friday, October 12, 2007

Beacon Center Rolling in Dough by Geniusofdespair

Apparently even in this bad housing market, according to Miami Today’s reporter Marilyn Bowden, lease rates for industrial space in Airport West are booming at about $10 a square foot. If you remember, Beacon Lakes was a result of a UDB Line movement a few years ago by “He who shall not be named.” AMB Property Corp. is one of the largest landowners over there at what is now called Beacon Center. This class A business park is 2.32 million square foot and it is 99% occupied. They pay about 17 cents a square foot for insurance.

Now you do the math.

In a side note, this California Company, AMB Property, owns 100 million square feet worldwide. That translates to a lot of profit.

So in conclusion, moving the Urban Development Boundary for this Beacon Center project, pushed by property owner "he who shall not be named" has resulted in a windfall of profit. Other developers/landowners on the other side of UDB line are salivating.

Also see post: June 07, 2007- Art imitating life? How about ads refuting news and then a news report about the ad?

5 comments:

Anonymous said...

You mean, Armando Codina?

Anonymous said...

You mean, Armando Codina?

Geniusofdespair said...

ACKKK! You said the name now the dementors are coming..

Has anyone figured out I just finished the latest Harry Potter book?

2007 said...

Hi, I know that this is not the topic but Second Saturday gallery walk looks very interesting. I've found a very complete listing of openings and exhibits @

http://miamiartscene.blogspot.com

Thanks
JC

Anonymous said...

I'm not afraid of him!
Dementors(developers)be damned.
Codina :translates to friend of Bush,enemy of trees and the environment.