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.
The biggest sales, leases, loans and more from the week in South Florida commercial real estate.
This week's South Florida Deal Sheet featuring finances, sales, construction and development and leases.
The biggest sales, leases, loans and more from the week in South Florida commercial real estate.
Four global brokerage firms appointed new leadership in South Florida as they look to expand their headcounts in a market that has shown resilience.
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.
Related Group secures $425M for Rivage Residences, and Witkoff Group gets $273M for Shell Bay condo-hotel, plus other top transactions in South Florida.
The biggest sales, leases, loans and more from the week in South Florida commercial real estate.
The co-head of Wells also spent more than $20M of investor money on security trades, which netted a loss of nearly $12M.
Terra lands a $170M construction loan for its $1B mixed-use development by Dolphin Mall.
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