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Daily Business Review

'Cost Escalation Is Here': South Florida's Industrial Sector Contending With 'Frail' Supply Chain, Fierce Competition

"The escalation that we've seen in the past two years is unparalleled to any escalation I've ever seen in my career."
8 minute read

Daily Business Review

Developer Don Peebles Hit With Attorney Fees Over Sawyer's Landing Project Dispute

The people that bring frivolous lawsuits are going to lose, they're going to publicly be embarrassed and they're going to get an attorney's fee award approaching seven figures," said Alan Kluger of Miami law firm Kluger, Kaplan, Silverman, Katzen & Levine.
3 minute read

Daily Business Review

Miami and Palm Beach Are Enjoying High Office Demand, but It's a Different Story for Broward

Compared to Palm Beach and Miami-Dade rent growth in Broward slowed in Q1, with an average of $37.72.
5 minute read

Daily Business Review

Economic Expansion Creates Big Demand for South Florida's Office Market

"I anticipate activity will stay strong in South Florida as we continue to see strong population growth in all markets. South Florida will continue to do well in the war for talent," said Greg Martin, principal and managing director of Avison Young's Fort Lauderdale and Boca Raton offices.
2 minute read

Daily Business Review

South Florida Hotel Acquired for $156 Million

The company has agreed to purchase the luxury, 119-room, Inn on Fifth in Naples.
3 minute read

Daily Business Review

Does a Noisy Gym Equal Property Damage? 'Interpretation Is Key' in This Insurance Suit Against a Florida Condo Association

It's a lawsuit that raises questions about how insurance contracts should be interpreted, as this commercial general liability policy defines "property damage" as "physical injury to tangible property."
6 minute read

Daily Business Review

JLL Secures $25 Million in South Florida Deals, Including Luxury Condo Developments on Bay Harbor Islands

The portfolio is a total of 1.36 acres with site plan approval already in place for the development of a luxury mid-rise condominium with high-end amenities.
3 minute read

Daily Business Review

The Related Group Sued For $13M, Accused of Transferring Assets to Avoid Paying Partners in Condo Development

The real estate developer is accused of fraudulently transferring assets to another entity to avoid paying nearly $13 million to partners.
2 minute read

Daily Business Review

Fleeing 'Record' Rents, Class A Office Tenants are Migrating From Brickell to Downtown Miami

Is the Brickell Avenue address losing its shine?
5 minute read

Daily Business Review

How the Fed's Rate Hikes Could Affect South Florida Real Estate

"If they can have success in taming inflation both with goods and services and with labor. I could actually see a bit of a reprieve on interest rates meaning I think the interest rates could see a slight downturn," said Pat Sheehy, CEO of Hamilton Home Loans in Sunrise.
3 minute read

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