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Daily Business Review

This Virtual Reality Real Estate Experience Was Like Stepping Into an Episode of Netflix's 'Black Mirror'

"It actually triggers your desire, and then the rational part of the brain is no longer involved. It's "I want this, I need this," said Alvaro Alesso, Co-Founder and COO at YUPIX,
5 minute read

Daily Business Review

Don't Let 'Grass Grow Under Your Feet': South Florida Dealmakers Are Acting Fast as Retail, Industrial Sectors Thrive

"The landlords like the security of the 10-year deals and it seems like right now, tenants, due to the competitive market, they're willing to do it to land the right deals," Dave Preston, executive managing director of retail services at Colliers in Miami.
9 minute read

Daily Business Review

It's a 'Landlord's Market,' but Inflation, Supply Issues and Lack of Space Threaten South Florida Retail

"Typically South Florida has a season of about six months where all of the snowbirds have come down from Canada, New York, and New Jersey. In light of COVID, all of those people came down, and then some more, and many of them never left," said Jaime Sturgis, Native Realty CEO.
11 minute read

Daily Business Review

Developers Are Eyeing Miami Beach's Aging Beachfront Condo Towers

Developers are targeting hundreds of apartment buildings nearing a 40-year limit on structural certifications.
3 minute read

Daily Business Review

Prospective Buyers Offering 'Way Over Asking Price' in Frenzied Market

The Florida market has experienced a 15% increase in cash buys compared with a year ago, which may indicate more investors are buying in Florida.
5 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

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

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

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