Daily Business Review | Commentary
By David Itskovitch, Raul Valero and Nick Carbo | April 20, 2023
One of the primary—and most discussed—economic impacts of the COVID-19 pandemic was the emergence of remote work and resulting decline in demand for commercial office space. While that general trend has been true for most of the United States, South Florida on the other hand, has been a beneficiary of the socio-economic trends brought about by the pandemic and has emerged as one of the premier markets for commercial office space in the country.
By Melea VanOstrand | April 11, 2023
"The association is doing what it has to do, not only for Florida law, but also to make its building safe and to make the board of directors discharge their fiduciary duty to all of the condominium residents," said Steven Davis of Haber Law in Miami.
By Melea VanOstrand | March 23, 2023
"Not very many deals can stomach the increased finance, insurance, and construction costs and still be economically viable," said A. David Lynd, CEO of The Lynd Group. "I think we will see more deals put on hold until things turn around a bit and the costs come down."
By Melea VanOstrand | March 22, 2023
"The community not only engages members with programming but encourages them to craft their own days and explore new passions and friendships. This freedom, we believe, is the key to an invigorating life," said David Barnes, president of Watermark Retirement Communities.
By Melea VanOstrand | March 14, 2023
"Our vision from the start was to create an all-inclusive hospitality experience for our customers made possible by strategic partnerships with well-known, trusted hotel and resort brands," said Nick Falcone, CEO of Rentyl Resorts.
By Melea VanOstrand | March 13, 2023
"The cross-section of industries represented by recent deals is a testament to the growth that South Florida continues to see, especially from financial services firms looking to solidify their presence here," said Charles Russo, southeast regional head for Nuveen.
By Melea VanOstrand | March 13, 2023
"The Visions brand has attracted incredible attention from prospective buyers who recognize the heightened demand of discerning vacation and business visitors looking for an enhanced experience and lifestyle," said Fernando de Nunez y Lugones, principal of Location3 Investments & UNCG.
Daily Business Review | Commentary
By Nick Falcone | March 9, 2023
By marketing to the right people with the right messaging, hospitality companies, residential developers and famous brands working with resort-rental companies can all profit.
By Melea VanOstrand | March 8, 2023
"It helps with tenant retention, and to bring employees back to the office. We elevate their productivity overall, their enjoyment, there's a long list of what we can provide to the employees," said Gil Blutrich, founder and CEO of Clear Spaces. "I think this is the future. Period.'
By Melea VanOstrand | March 7, 2023
According to JLL's report, quarterly rent growth has softened with quarter-over-quarter rent growth at 4%. Year-over-year rent growth is double what asking rates were a year ago at 45%.
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