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Melea VanOstrand

Melea VanOstrand

Melea VanOstrand oversees the Daily Business Review as ALM's Florida Bureau Chief. Email Melea at [email protected] or follow her on her Twitter or Facebook pages.

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February 01, 2023 | Daily Business Review

Affordable Luxury Hotel Brand Opens Second Miami Location Amid Increased Demand

"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.

By Melea VanOstrand

3 minute read

January 31, 2023 | Daily Business Review

Positive Outlook for South Florida's Industrial Market in 2023 as Flight to Quality Continues

The demand for Class A industrial products is now a standard, with some tenants waiting for new development completions that are better suited for their business practices.

By Melea VanOstrand

3 minute read

January 30, 2023 | Daily Business Review

Report: Single-Family and Condo Markets Return to Pre-Pandemic Activity for High-End Properties

"I think we created something that is very unique and iconic. It's one of those projects that will be talked about for many years," said Jon Paul Pérez, Related Group's president.

By Melea VanOstrand

3 minute read

January 26, 2023 | Daily Business Review

Related Group Breaks Ground on The Crosby Residences in Downtown Miami

"With all 450 units at The Crosby sold, this project follows the resounding success of our other ready-to-rent projects," said Nick Perez, Related Group's senior vice president.

By Melea VanOstrand

2 minute read

January 25, 2023 | Daily Business Review

$215M Secured for Mixed-Use Development in Wynwood

"Wynwood Plaza is poised to be a monumental project anchoring this dynamic community, and we were fortunate to find a lender who recognized the sponsor's unique vision and capabilities to execute it," said managing director Scott Wadler of Berkadia South Florida.

By Melea VanOstrand

2 minute read

January 24, 2023 | Daily Business Review

Hollywood Development Boom: Shrinking Land Supply Presents Opportunities

"As a result, developers really in the last five years have been capitalizing on the demand of people wanting to live there, and the projects are getting approved and finally getting out of the ground—that has been the vision of Hollywood for years," said attorney Keith Poliakoff of Government Law Group.

By Melea VanOstrand

6 minute read

January 23, 2023 | Daily Business Review

2 Warehouse Projects Begin in West Palm Beach as Demand for Quality Spaces Remains Strong

The lack of developable land in Broward and South Palm Beach will draw more developers to Palm Beach County, and a healthy development pipeline is expected to continue.

By Melea VanOstrand

3 minute read

January 20, 2023 | Daily Business Review

Related Group and Partners Unveil First New Bal Harbour Condo Project in More Than a Decade

"Everything is in place to make this a truly once-in-a-generation project, from the site to the team, to the general scarcity of newly constructed high-end supply in this neighborhood," said Related President Jon Paul Pérez.

By Melea VanOstrand

3 minute read

January 19, 2023 | Daily Business Review

Investment in Office Space Not Slowing as 5 South Florida Submarkets Rank Among Nation's Priciest Average Office Rent

"We are looking forward to utilizing this building as Randall Realty Group's east coast headquarters as we expand our portfolio in Palm Beach and South Florida," said Jordan Randall, managing director at Randall Realty Group.

By Melea VanOstrand

3 minute read

January 18, 2023 | Daily Business Review

Jesta Group Gets Approval for Mixed-Use Project in North Bay Village

"We are incredibly bullish on South Florida," said Anthony O'Brien, a senior managing director of Jesta, in a press release. "As we develop this landmark project we will continue to grow our portfolio of world-class assets in this tremendous market."

By Melea VanOstrand

2 minute read