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.
February 13, 2023 | Daily Business Review
Special Report: Wave of New-to-Market Tenants Not Over as Class A Office Demand Surges"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
6 minute read
February 13, 2023 | Daily Business Review
Special Report: Companies Reevaluate Office Space Needs Amid Shift to Remote Work Trend"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
4 minute read
February 13, 2023 | Daily Business Review
How Condo Associations and Attorneys Can Help Lower Steep 40-Year Recertification AssessmentsLast week, condo owners at the Palm Bay Yacht Club condos in Miami were told they needed to pay $175,000 each for their 40-year recertification.
By Melea VanOstrand
3 minute read
February 10, 2023 | Daily Business Review
South Florida Banks Pull Back on CRE Loans. How Will Borrowers Get Funding?"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
4 minute read
February 09, 2023 | Daily Business Review
Class A Industrial Warehouses in High Demand in Palm Beach County as Inventory Dwindles Further SouthSouth Florida businesses are likely to scale further north as industrial inventory dwindles, further strengthening an outlook for stable rent growth.
By Melea VanOstrand
3 minute read
February 08, 2023 | Daily Business Review
Bay Harbor Islands Set to Get First High-End Office Building in DecadesThe 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
3 minute read
February 07, 2023 | Daily Business Review
New-to-Market Developer Secures 1-Acre Site Near Brightline in Downtown MiamiChicago-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
2 minute read
February 06, 2023 | Daily Business Review
JLL to Lease New Class A Industrial Development in Dania Beach"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
2 minute read
February 03, 2023 | Daily Business Review
Trend: Developers Are Focusing on Transit-Adjacent Housing"We predict that this trend will continue in the South Florida market as railways become increasingly popular," said Michael Taylor, CEO of Current Builders.
By Melea VanOstrand
3 minute read
February 02, 2023 | Daily Business Review
New 3rd DCA Ruling on Calusa Golf Course May Impact Noticing, Says Winning Counsel"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
4 minute read
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