arts
South Florida’s top deals: Jacavi sells warehouse near MIA to Miami -Dade County for $19M
By Mary Diduch, Veronica Udell at The Real Deal
· June 5, 2026
· 1 min read
🏆 Commercial: The top home sale recorded in South Florida was in Miami, where a warehouse at 1800 Northwest 70th Avenue near Miami International Airport changed hands for $19.2 million. The seller was an LLC tied to Jacavi Properties and the buyer was Miami-Dade County. The roughly 68,000-square-fo
Key takeaway 🏆 Residential: In Palm Beach Gardens, a home at 686 Hermitage Circle sold for $8.
Why this matters in The Miami
The sale of the warehouse near Miami International Airport to Miami-Dade County for $19.2 million marks a significant investment in the area's infrastructure. Given the property's proximity to the airport, it's likely that the county plans to use the warehouse for logistics or storage purposes, potentially supporting the airport's operations. This deal could also have implications for the surrounding neighborhoods, such as Wynwood and Little Havana, which may see increased economic activity or job opportunities as a result of the county's expanded presence. The fact that the property last sold for $3.8 million over two decades ago suggests that the area has seen significant growth and development, driven in part by its strategic location near the airport and major transportation hubs. As the county continues to invest in the area, it will be worth watching how these developments impact local residents and businesses.
About this story
Original reporting by The Real Deal . The Miami surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit The Real Deal . Have a tip or correction? Contact our newsroom .
Category: arts ·
Published: June 5, 2026 ·
Source: The Real Deal ·
Reading time: 1 min
newsletter" aria-label="Newsletter signup" style="margin:24px 0;padding:20px 24px;background:linear-gradient(135deg,#1e3a5f 0%,#2d5a8c 100%);border-radius:10px;color:#fff">
Get more The Miami stories like this
Free weekly briefing covering arts and other local news. Curated by our editorial team. No spam.
By subscribing you agree to our privacy policy . Unsubscribe anytime.
Frequently asked about this story
What is this story about? 🏆 Commercial: The top home sale recorded in South Florida was in Miami, where a warehouse at 1800 Northwest 70th Avenue near Miami International Airport changed hands for $19.2 million. The seller was an LLC tied to Jacavi Properties and the buyer was Miami-Dade County. The roughly 68,000-square-fo
When was this published? This article was first published on June 5, 2026 by The Real Deal and curated for The Miami readers.
Who reported this story? This story was reported by Mary Diduch, Veronica Udell at The Real Deal. To learn more about how The Miami selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more arts coverage from The Miami, or browse our daily briefing and topic hubs .
← Back to all news
More arts →
Today’s briefing
Subscribe to newsletter