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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

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

More Lawsuits Amid Condo Boom? Miami Construction Lawyer Talks Potential Challenges

"When the workforce is diminished and you don't have enough people to work on these projects, then that opens to door to more potential issues and even more litigation because you're going to see contractors and subcontractors having to compensate," said construction lawyer Jordan Nadel of Miami-based law firm Mark Migdal & Hayden.
4 minute read

Daily Business Review

How Multifamily is Penciling Deals Amid an Uncertain Capital Market Environment

Now our focus is on liquidity and not what this thing is worth but what you can sell it for in a reasonable amount of time," said Tom Noble, senior vice president, and COO of Archway Capital.
4 minute read

Daily Business Review

NOI-Drivers That Boost an Apartment Property's Value

"We have to think about how you can monetize space more effectively, less dead space," said Vincent Korta, COO and CFO of 2B Living.
5 minute read

Daily Business Review

How Apartment Developers Are Navigating Market Disruptions

"Establish relationships with everyone. With your banker, general contractors, and your consultants in general," said Nestor Mejia, president of construction and development at SHOMA Group. "Try to be adaptable to different situations."
5 minute read

Daily Business Review

Another South Florida HOA Under Court-Appointed Receivership as More Fraud Claims Come to Light

"We expect an onslaught of similar litigation in light of tighter statewide restrictions governing associations, their finances, and the need for repairs. This added layer of scrutiny is likely to reveal other instances of fraud," said Kluger Kaplan's Steve Silverman.
5 minute read

Daily Business Review

With Demand Still High, Mast Capital Breaks Ground on Luxury Multifamily Development in Miami Beach

"Miami Beach rental housing is experiencing strong demand on the back of more individuals and companies relocating to the region, drawn to the state's business-friendly environment and desirable lifestyle," said Camilo Miguel Jr., founder and CEO of Mast Capital.
2 minute read

Daily Business Review

Panelists Talk Opportunities for Redevelopment in South Florida as Aging Condos Present Challenges for Developers

"It takes a while and you have to be patient, but if you want to buy quality, you have to be committed to the transaction and remind the community you have to be committed to it," said Camilo Miguel Jr., CEO and founder of Mast Capital.
5 minute read

Daily Business Review

Terra Secures $43.2M Refinancing Loan for Coconut Grove Development as New to Market Residences Flock to Area

"Our ability to secure favorable financing for Residences in the Grove speaks to the growing demand for residential product in the thriving Coconut Grove district, which is home to walkable streets, top-tier schools and some of Miami's most exciting retail and dining destinations," said David Martin, CEO of Terra.
3 minute read

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