Data collected by Miami-based Integra/AREEA Inc. show 196 major building loans totaling $1.38 billion recorded during the first quarter of 2000 in Miami-Dade, Broward and Palm Beach counties. The best previous first-quarter performance in 1998 covered 164 loans with a closing total of 816.2 million.
The bulk of this year' fundings,$637.8 million, covered new apartment ventures—nearly double the $320.5 million made in the comparable 1999 period. Building loans on shopping centers rose to $213.9 million from $141.9 million in 1999's first quarter.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
