Miami Dade’s industrial market closed the fourth quarter of 2009 slowed by the same struggling economy and housing recession that have affected the market over the past 18 months. This has resulted in increases in vacancy and availability, negative absorption, decreased asking lease rates, slow leasing activity and an even slower sales market.

POMPANO BEACH - SIKON Construction has broken ground for the new $1.5 million, two-story, 25,695sf KAM Specialties Inc. headquarters building at 1440 SW 28th Ave. in Pompano Beach. KAM Specialties is an aerospace metal distributor/manufacturer that sells raw material and parts to companies that manufacture jet aircraft engines. Designed by Greg A. Jones, Architect, Deerfield Beach, the project is slated for completion in late summer.

MIAMI - CresaPartners represented LaserShip in a 7,850sf industrial lease transaction at 3874 Fiscal Court in Riveria Beach. Eric P. Gaunt of CresaPartners and Caleb Lewis of Bishop & Assoc. in Tampa assisted LaserShip at this new location.

The landlord was represented by Scott Weprin of Michael Falk & Company.

DEERFIELD BEACH - CB Richard Ellis arranged the sale of the 16,832sf industrial, single-tenant investment property at 1600 SW 34th Ave. in Deerfield Beach. The property was acquired by a local investor as a long-term investment for $2,200,000 or $130.70 psf.

Harry G. Tangalakis, senior vice president, and Tom O’Loughlin, associate, both with the CBRE’s Fort Lauderdale office, exclusively represented the buyer, while Bill Neimann of Campbell and Rosemurgy Real Estate represented building ownership, Peter Chamberl Trust of Deerfield Beach.