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Ares Expands Miami-Dade Industrial Portfolio With $108.7 Million Acquisition

September 15, 2026

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September 14, 2026

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September 14, 2026
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    Ares Expands Miami-Dade Industrial Portfolio With $108.7 Million Acquisition

    September 15, 2026

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  • Real Estate

    Ares Expands Miami-Dade Industrial Portfolio With $108.7 Million Acquisition

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Port of Los Angeles Taps Joint Venture for Major Cruise Terminal Expansion

January 27, 2026
Cruise ship at expanded Port of Los Angeles terminal.
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Pacific Cruise Terminals, LLC (PCT), a joint venture formed by Carrix, Inc. and JLC Infrastructure, has been selected to spearhead the development and operation of a new cruise terminal at the Port of Los Angeles’ Outer Harbor. PCT will also oversee the redevelopment and ongoing operations of the existing World Cruise Center.

Key Takeaways

  • A new Outer Harbor cruise terminal and redevelopment of the World Cruise Center are planned.
  • The project aims to capture more of the growing cruise business and position LA as a primary West Coast cruise gateway.
  • The new terminal will accommodate the latest, most environmentally sustainable cruise ships.
  • The development is envisioned as a community asset with open spaces and recreational facilities.

Enhancing Cruise Capacity and West Coast Gateway Status

Port Executive Director Gene Seroka highlighted the strategic importance of this development, stating, "This new Outer Harbor cruise terminal and World Cruise Center redevelopment will allow us to capture more of the rapidly growing cruise business, while also establishing Los Angeles as the primary West Coast gateway for cruise operations." This expansion is expected to significantly boost the port’s capacity to handle the increasing demand in the cruise industry.

Community Benefits and Sustainability

The forthcoming Outer Harbor cruise terminal is designed to welcome the newest generation of cruise ships, emphasizing environmental sustainability. Beyond its function as a terminal, the project aims to be a valuable community asset. Plans include the creation of open spaces and recreational facilities, enhancing public access to the LA Waterfront for both local residents and visitors. Seroka added, "This project will also be a huge win for our Port communities, who will greatly benefit from the economic activity generated by such significant public and private investment in our LA Waterfront."

The joint venture’s selection marks a significant step forward in the Port of Los Angeles’ commitment to modernizing its facilities and expanding its role in the global cruise market, while also prioritizing community engagement and environmental responsibility.

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