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December 18, 2019

What It Took To Build Zaha Hadid's Miami Tower

Preferred Apartment Communities newly-appointed CEO Joel Murphy talks his transition into new leadership At Atlanta Construction and Development Jan. 9

Architect and developer Louis Birdman has worked on about 80 condominium projects around the country, but few are as high-profile as 1000 Museum, the downtown Miami condo designed by famed architect Zaha Hadid, known for projects such as the London Olympic Aquatic Centre and the Guangzhou Opera House.

What It Took To Build Zaha Hadid's Miami Tower

One Thousand Museum, sometimes called the Scorpion Tower, was the only residential skyscraper Hadid designed in the U.S. It was the focus of an episode of Impossible Builds on PBS. Hadid died of a heart attack while in Miami Beach in 2016.The 62-story building, where units start at $5.8M and go up…

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Palm Beach-Area Developers Set Sights On Singer Island

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More than a decade ago, developer Dilip Barot bought 4.7 acres of oceanfront land on North Ocean Drive on Singer Island.  Barot planned a luxury condo development and pre-sold 100 units, The Palm Beach Post reported. But following the housing crash in 2008, he returned 86 deposits. In 2017, with…

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Predictions For South Florida CRE In 2020

Predictions For South Florida CRE In 2020  

So 2019 is drawing to a close, having given the world of commercial real estate things we expected — like a booming industrial market — and things we didn't (WeWork and opportunity zones were among the greatest flops of the decade). Bisnow asked some South Florida real estate pros…

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The 21 Deals And Trends That Defined Real Estate In 2019

Commercial real estate in 2019, perhaps more than any year in recent history, was politicized and often at odds with the general public.

Investors and developers had to adjust to new laws about sustainability and climate change, rent control and even abortion. Nearby residents rose up and impacted developments over their opposition to incentives or the political leanings of tenants, and receiving community support for a project is increasingly necessary to receive permit approval. There is a growing trend of trying to find property owners liable for crimes committed on their sites. UK real estate fought all year through the uncertainty of the Brexit process.

But in this shifting world, the value and outlook for commercial real estate stayed strong. Development pipelines flourished, and in most asset classes in most major cities, supply has been mostly met by demand. Massive mergers and acquisitions closed. The U.S. economy has largely thrived.

Some worry 2020 could be the year it all falls apart. Maybe we’ve spent too much time around the CRE industry’s relentless optimism, but as we close the book on a decade of growth — and most people say they’ve learned their lesson from how the last decade ended — the picture looks pretty rosy.

— Catie Dixon, Managing Editor

See the list of deals and trends that defined CRE in 2019 here.

  The 21 Deals And Trends That Defined Real Estate In 2019
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Meet The Immigrant Developers Making Their Mark On The Nation's Capital

Meet The Immigrant Developers Making Their Mark On The Nation's Capital  

WASHINGTON, D.C. — This decade’s real estate boom has dramatically changed Washington’s urban landscape, creating bustling neighborhoods barely recognizable from what they were a decade ago.  

The city’s recent growth has also fundamentally transformed the makeup of the industry that builds it, creating new opportunities for aspiring developers to move to D.C. from other countries, start a new life for themselves and make their imprint on the capital of the free world.  

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Appeals Court Ruling Could Have Major Impact On Construction Warranties

Appeals Court Ruling Could Have Major Impact On Construction Warranties  

ATLANTA — There are many property owners, commercial and residential, who sleep better at night knowing they have a 20-year guaranteed warranty on their new roof.

But a recent Georgia Court of Appeals ruling in a case involving a leaky chemical tank 250 miles south of Atlanta could give some members of the real estate industry nightmares. The three-judge panel found that all warranties longer than eight years — even ones already on the books — are no longer legally enforceable, according to multiple attorneys Bisnow consulted.

“Owners of commercial real estate need to be very concerned about this ruling because it cuts off their warranties on their structures at eight years as a matter of law," said AGG partner Jeffrey Lewis, an attorney who worked on the case. "And it denies them their fundamental right of contract."

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Construction Has Finally Begun On The National World War I Memorial In D.C.

For more than a century after World War I ended, Washington did not have a national monument to commemorate its combatants, but after years of slogging through complex approval processes and raising tens of millions of dollars, that is about to change.

Read the full story here.

  Construction Has Finally Begun On The National World War I Memorial In D.C.
 
 
       
 
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