Fortune 50 company buys development site

United Parcel Service paid $31.1 million for an industrial development site in west Miami-Dade County with approvals in place to build a new facility. AMB Codina Beacon Lakes, an affiliate of Prologis (NYSE: PLD) sold part of a 43.4-acre site on the south side of Northwest 17th Street and just west of Northwest 137th Avenue…

Veteran construction executives form new firm

Four former executives from major construction firms OHL-Arellano Construction Co., Odebrecht USA and Facchina Construction have launched a new company in Miami. NV2A Group already has 10 employees and will focus on civil infrastructure and commercial building. Its team has collectedly worked on more than 400 public projects valued at nearly $7 billion, plus about…