Melea VanOstrand

February 27, 2023 | Daily Business Review

According to Marcus & Millichap's 2023 Multimedia National Investment Forecast, a broad-based housing shortage is also bolstering the multifamily sector's long-term prospects.

By Melea VanOstrand

3 minute read

February 27, 2023 | Daily Business Review

"In this calendar year specifically, the increases are at 50% on average, and also difficult for larger projects to even get the capacity, meaning enough insurance limits to cover the building or project," said Jim McCue, COO of NSI Insurance Group in Miami Lakes.

By Melea VanOstrand

6 minute read

February 23, 2023 | Daily Business Review

"The pandemic-era corporate migration to South Florida continues to take shape, as our region's office sector keeps outperforming other major U.S. metropolitan areas. Relocation demand is still incredibly high as we begin 2023," said Dustin Ballard, president and head of leasing at Tricera.

By Melea VanOstrand

3 minute read

February 22, 2023 | Daily Business Review

Clara Bay Harbor's first building is expected to break ground this March, with completion anticipated in early to mid-2024.

By Melea VanOstrand

3 minute read

February 22, 2023 | Daily Business Review

"The courts are open, and the court will apply laws that are to some extent favorable to cities, but ultimately, if you've got a strong case, don't be afraid to have your day in court," said attorney Kendall Coffey, of Coffey Burlington.

By Melea VanOstrand

4 minute read

February 21, 2023 | Daily Business Review

"Miami and Phoenix are two great examples of growing markets where year-end 2022 RevPAR has far exceeded 2019 performance by 24% and 19%, respectively," said Melvin Chu, executive vice president of JLL Hotels & Hospitality Group.

By Melea VanOstrand

3 minute read

February 16, 2023 | Daily Business Review

"I think over the next 10 years you're going to see a lot of redevelopment of marinas," Victor Ballestas, of Integra Marinas said.

By Melea VanOstrand

2 minute read

February 16, 2023 | Daily Business Review

"Our relationships with the lending community and the strength of this asset helped us secure one of South Florida's largest office refis in recent times," said senior managing director Charles Foschini of Berkadia South Florida.

By Melea VanOstrand

2 minute read

February 14, 2023 | Daily Business Review

It's a first in the state, as developers usually only allow third-party rentals for three months or up to 189 days.

By Melea VanOstrand

3 minute read

February 13, 2023 | Daily Business Review

"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?"

By Melea VanOstrand

5 minute read