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Daily Business Review

Not Enough Space? Adaptive Reuse May Help Industrial Owners Capitalize on Rising Rates

"You have these different areas where large-scale, modern warehouses are just not practical to use a theme for some of these users, however, the space works very well when you have a small business that's trying to just start out and they need a little bit of retail or business space," said Louis Archambault of Saul Ewing Arnstein & Lehr in Miami.
7 minute read

Daily Business Review

Discount Retailers Taking Leasing in South Florida by Storm as they Influence Retail, Industrial Trends

"All of their sales, even the Old Navy and Gap, are showing signs of increased sales," said Andy Hellinger, Co-Principal of Urban-X Group, the developer behind River Landing. "We're seeing other retailers that want to be around them, especially in the service sector."
7 minute read

Daily Business Review

Despite Economic Challenges, Downtown Miami Remains One of the Hottest Office Markets

"This return to the workplace is only going to further fuel demand. We are also seeing more financial and law firms come into the market, and their service providers tend to follow. It's a positive domino effect that is driving incredible growth," said Christina Crespi, executive director of the Miami Downtown Authority.
5 minute read

Daily Business Review

Commercial Real Estate Booming in Post-COVID South Florida

One of the primary—and most discussed—economic impacts of the COVID-19 pandemic was the emergence of remote work and resulting decline in demand for commercial office space. While that general trend has been true for most of the United States, South Florida on the other hand, has been a beneficiary of the socio-economic trends brought about by the pandemic and has emerged as one of the premier markets for commercial office space in the country.
6 minute read

Daily Business Review

Crucial 40-Year Recertification Repairs Continue At Miami Condo, Judge Rules

"The association is doing what it has to do, not only for Florida law, but also to make its building safe and to make the board of directors discharge their fiduciary duty to all of the condominium residents," said Steven Davis of Haber Law in Miami.
5 minute read

Daily Business Review

How Interest Rate Hike Will Affect South Florida's Real Estate Market

"Not very many deals can stomach the increased finance, insurance, and construction costs and still be economically viable," said A. David Lynd, CEO of The Lynd Group. "I think we will see more deals put on hold until things turn around a bit and the costs come down."
4 minute read

Daily Business Review

Newest Luxury Senior Living Community Opens in Coral Gables

"The community not only engages members with programming but encourages them to craft their own days and explore new passions and friendships. This freedom, we believe, is the key to an invigorating life," said David Barnes, president of Watermark Retirement Communities.
3 minute read

Daily Business Review

Tech Trends in Real Estate: Hospitality Company Announces $25M Capital Raise to Change How Consumers Travel

"Our vision from the start was to create an all-inclusive hospitality experience for our customers made possible by strategic partnerships with well-known, trusted hotel and resort brands," said Nick Falcone, CEO of Rentyl Resorts.
4 minute read

Daily Business Review

801 Brickell 93% Leased as Increased Demand Drives Leasing Activity

"The cross-section of industries represented by recent deals is a testament to the growth that South Florida continues to see, especially from financial services firms looking to solidify their presence here," said Charles Russo, southeast regional head for Nuveen.
3 minute read

Daily Business Review

Miami-Based Developer has Plans For $50M Condo/Hotel in Brickell

"The Visions brand has attracted incredible attention from prospective buyers who recognize the heightened demand of discerning vacation and business visitors looking for an enhanced experience and lifestyle," said Fernando de Nunez y Lugones, principal of Location3 Investments & UNCG.
3 minute read

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