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October 30, 2019

South Florida Office Market Still Growing: 'It Has Been The Seventh Inning For 5 Years'

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A cyclical peak in South Florida office development appears remote, as demand has been growing faster than the supply of new space.

South Florida Office Market Still Growing: 'It Has Been The Seventh Inning For 5 Years'

“It has been the seventh inning for five years,” said Stiles Senior Managing Director Kyle Jones, using a familiar baseball analogy to describe the timing of the market cycle. Jones joined a slate of office market experts at Bisnow's Office Market Update event last week at the Southeast Financial Center in Miami.…

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300 Affordable Units Coming Along FEC Rail Corridor

The South Florida Housing Link Collaborative, a coalition of five nonprofit groups, announced a $5M investment Wednesday from JPMorgan Chase, which will be used to develop affordable, resilient housing along the Florida East Coast Railway line in Miami-Dade, Broward and Palm Beach counties.

300 Affordable Units Coming Along FEC Rail Corridor

Miami Mayor Francis Suarez, Florida Lt. Gov. Jeannette Nunez and former U.S. Sen. Mel Martinez, now a chairman with JPMorgan Chase, were scheduled to discuss the announcement at a press conference Wednesday.The year-old private passenger train Brightline, soon to be rebranded as Virgin Trains USA, operates along these…

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Vacation Rental Management Startup Vacasa Claims Unicorn Status

Vacation Rental Management Startup Vacasa Claims Unicorn Status  

Vacation-specific property management service Vacasa said its latest round of capital fundraising has made it a unicorn. Vacasa has completed a Series C fundraising round led by private equity firm Silver Lake that brought $319M to fund technological and physical growth, the company announced in a…

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London Investment Heads For Worst Year Since 2011 As Brexit Delayed And General Election Looms

LONDON — Anyone hoping for a bit of clarity that would provide a fourth quarter boost to the Central London investment market is likely to be disappointed. The UK capital is on track for its worst year since 2011. 

The decision to further delay the date of the UK’s potential exit from the European Union, combined with a potentially seismic general election, means the stagnation in London investment is set to continue until at least 2020. 

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