Daily Business Review | Analysis
By Melea VanOstrand | February 13, 2023
"Their credit could be deteriorating as we see a lot of people in the tech and financial services sectors laying people off," Suzanne Amaducci-Adams, head of Bilzin Sumberg's real estate practice, said. "When you lay people off ... it means you're concerned about finances and you're cutting costs, and when you're cutting costs, does that mean you're also going to cut office space?"
Daily Business Review | Analysis
By Melea VanOstrand | February 13, 2023
"There's over a million square feet of space currently that has been leased that is currently under construction and being built out right now," said Brian Gale, vice chairman of Cushman & Wakefield. "Where the tenants haven't even taken occupancy of that space, there's a whole other wave of people that are coming down who are going to be filling up those offices."
By Melea VanOstrand | February 13, 2023
"The overall economy definitely impacts us and is a challenge for us moving forward. But, South Florida has proven to be differentiated from a lot of other markets across the country," said Steven Hurwitz, managing director at JLL.
By Melea VanOstrand | February 10, 2023
"We're seeing a lot of assets not trading," said Brett Forman of Forman Capital. "A lot of assets that want to go vertical with construction are not being able to get nearly the kind of construction advancing that was available a year or two ago."
By Melea VanOstrand | February 9, 2023
South Florida businesses are likely to scale further north as industrial inventory dwindles, further strengthening an outlook for stable rent growth.
By Melea VanOstrand | February 8, 2023
The Offices at THE WELL Bay Harbor Islands, located at 1177 Kane Concourse, will include a rooftop with amenities, garage parking and an elevated plaza.
By Melea VanOstrand | February 7, 2023
Chicago-based developer The John Buck Company in a joint venture with Florida Value Partners, and BH Group with PEBB Enterprises, bought the site for $800 per square foot.
By Melea VanOstrand | February 6, 2023
"The need for new, quality Class A industrial space throughout South Florida continues to outpace supply, making developments like Bridge Point Port Everglades in high demand," said Executive Managing Director Sky Groden.
By Melea VanOstrand | February 2, 2023
"I think it's going to change how municipal governments do their notice. I think it's also going to make people take it seriously," said attorney David Winker.
By Melea VanOstrand | February 1, 2023
"The citizenM brand was a perfect complement for Miami Worldcenter with its international appeal, strong emphasis on public spaces and art, iconic locations, and high-quality but efficient rooms," said Nitin Motwani, managing partner of Miami Worldcenter Associates.
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