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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.
3 minute read

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."
2 minute read

Daily Business Review

2023 Is a Good Year to Leverage Crypto to Buy Real Estate, Fintech CEO Says

"What changed for many of them now is that they're getting into these peak homebuying years, and I think that will mean that if they're ready to buy a home, then they're likely to do so this year," said Josip Rupena, founder and CEO of Milo.
3 minute read

Daily Business Review

Developers Widen South Florida's Apartment Pipeline as Rental Market Remains Strong

"Today's climate is definitely challenging, but I think it forces creativity," Ryan Shear, managing partner of PMG and developer of Society Living, social apartment communities in various cities.
3 minute read

Daily Business Review

BNP Paribas to Open in Brickell as New Office Leases Drive Vacancy Recovery

A Q4 Miami-Dade office market report by Marcus & Millichap says big-name employers are gravitating towards buildings that are amenity-rich in Brickell and Miami Beach, where office availability in the summer of 2022 was below levels reported at the beginning of the COVID-19 pandemic.
3 minute read

Daily Business Review

A Window of Opportunity: Investor Says Now Is the Time to Purchase South Florida Real Estate

"When school is out, that's when the demand is there. People don't like moving their kids until school is out or summer vacation," said Justin Giles, a real estate investor and hedge fund manager. "I anticipate that somewhere around the spring or summer, you may see interest rates die down a little bit so the government can prepare for the higher demand so that they can stimulate the economy a little bit."
4 minute read

Daily Business Review

'Good, Old-Fashioned Common Sense': South Florida Court Defines Meaning of 'Interference' in Real Estate Dispute

The dispute started over a nonexclusive easement between two adjacent properties—the Blue Lagoon Condominium Association and the Weiss property.
4 minute read

Daily Business Review

Miami Leads Sun Belt in Retailer Interest as Migration Drives Retail Deals

South Florida has benefited more from pandemic-fueled attention than any other part of the Sun Belt.
4 minute read

Daily Business Review

Miami Retail Spending Has Slightly Slowed, But Demand for Retail Space Remains Strong

As the construction pace accelerates, Miami is one of four major markets in the country that's projected to have had a retail inventory growth of at least 1% in 2022.
4 minute read

Daily Business Review

Bleisure? Business and Leisure Travel Paving the Way for South Florida Hotel Recovery in 2023

"There's a recession, there's higher interest rates, inflation. But on the other side, you have a new source of demand, you have groups coming back, you're able to adjust rates, and you have new supply," said Driftwood Capital CEO Carlos Rodriguez Sr.
5 minute read

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