Miami Multifamily Still Seeking Equilibrium

MIAMI—There are plenty of new multifamily projects coming online in Miami. So what stage are we in and what are some of the common characteristics of the new multifamily complexes coming to market?

We caught up with Robert Given, who leads CBRE’s South Florida Multi-Housing Group, to get answers to these and other questions in part one of this exclusive interview. Given’s group completed over 43 sale transactions totaling in excess of $1.2 billion—that’s over 10,000 units—in volume in 2013. Significant achievements of 2013 include the closing of The Resort at Pembroke Pines for $225 million and Doral West Apartments, a 388-unit garden style community, for $93,500,000.