MIAMI-Miami-Dade County’s industrial vacancy rate declined to 7.9% at year-end 2010, making it among the top 5 U.S. industrial markets with the country’s lowest vacancy rates.
BRADENTON, FL-Beyond the blockbuster Tousa Homes assets acquisition, Starwood also purchased the Summerlake Development in Florida for $27.9 million and Castle Oaks Development in Colorado for $16.5 million.
FORT MYERS, FL-JP Josephson, managing director at Carlton Exchange, tells GlobeSt.com that he anticipates a very active distressed debt market this year and next.
ATLANTA-Norman Radow, RADCO’s founder and CEO, says a development does not need to be in distress to desire the highest and best results of its sales and marketing team.
MIAMI-Christian Driussi, vice president for Brickell Bay Office Tower, tells GlobeSt.com most of his tenants have been in the property for more than 10 years.
FT. MEYERS, FL-Plaza Advisors Jim Michalak tells GlobeSt.com he expects to see an uptick in retail shopping center sales in the first quarter after witnessing 27 Publix-anchored centers in Florida sell during 2010.
ATLANTA-JLL Managing Director Chris Marshall says investors looking for alternatives to the 'gateway' cities such as Washington, D.C. are beginning to focus on markets such as Atlanta.