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A glut of spaces larger than 100K SF is driving up vacancy rates, with another 6M SF of space under construction that is only 10% preleased.
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The biggest sales, leases, loans and more from the week in South Florida commercial real estate.
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This week's South Florida Deal Sheet featuring finances, sales, construction and development and leases.
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The biggest sales, leases, loans and more from the week in South Florida commercial real estate.
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Four global brokerage firms appointed new leadership in South Florida as they look to expand their headcounts in a market that has shown resilience.
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Around 1,500 janitors who maintain 59M SF of office space in Miami and Fort Lauderdale could walk off the job when their contract expires on Feb. 29.
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Related Group secures $425M for Rivage Residences, and Witkoff Group gets $273M for Shell Bay condo-hotel, plus other top transactions in South Florida.
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The biggest sales, leases, loans and more from the week in South Florida commercial real estate.
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The co-head of Wells also spent more than $20M of investor money on security trades, which netted a loss of nearly $12M.
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Terra lands a $170M construction loan for its $1B mixed-use development by Dolphin Mall.
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