Amazon and Apple Make Moves

Two of the world’s most valuable companies just made major real estate moves. Amazon leased a pair of warehouses in Southern California. And Apple expanded its office footprint in the Miami area. This way to the details.

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Amazon Takes 2M Square Feet in Southern California in Q1

It’s only fitting that the largest e-commerce company in the U.S. would grab new space in the top industrial market in the nation. Amazon signed two new leases in Southern California’s Inland Empire in the first quarter of 2024, each more than 1 million square feet, according to data from Savills. One deal was in Ontario and the other was in Jurupa Valley. The e-commerce giant will take over a recently completed building at 4000 South Hamner Avenue owned by Dermody Properties. It’s near three other large-scale Amazon distribution and fulfillment centers, and in one of the densest warehousing submarkets in the region, near the Ontario International Airport and Ontario Ranch.

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Apple Signs 45K-SF Miami Office Lease: Reports

Apple appears to be expanding its Miami-area footprint with a permanent office. The tech giant signed a lease for 45,000 square feet of office space at The Plaza in the wealthy Miami suburb of Coral Gables, according to Bloomberg, solidifying its existing presence in the city. Completed in 2022, the mixed-use Plaza at 2901 Ponce de Leon includes 455,008 square feet of office space in two towers as well as the Loews Coral Gable Hotel. It was developed by Mexican firm Agave Holdings, better known for its Jose Cuervo tequila brand. As of October, the 291,267-square-foot North Tower at the Plaza was 83 percent leased.

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