MIAMI—Art Falcone, co-founder and managing principal of Encore Capital Management, is dishing on the $1 billion Miami Worldcenter and more. In part two of this exclusive interview, we asked him point blank what he sees in Florida's commercial real estate landscape in 2016 and he didn't hold back the insights.

In case you didn't know the breadth of Encore, the real estate investment and development firm is behind some of the biggest real estate projects in the State. The firm operates two opportunistic funds and one private REIT with nearly $2 billion in assets under management and is currently developing over 20,000 rental apartments, homes for sale, and residential lots valued at approximately $4 billion. Encore currently has investments in Miami, Jacksonville, Tampa, Los Angeles, San Diego, Sacramento, San Francisco, Dallas, Austin, and Central Florida.

GlobeSt.com: You also have Miami Worldcenter about to break ground this fall. How long have you been involved in that project and what's the construction timeline?