FORT LAUDERDALE, FL-Stiles CEO Terry Stiles tells GlobeSt.com's Jennifer LeClaire there is a danger of an overbuilding bubble in South Florida multifamily.
When it comes to office buildings, investors typically look for core properties in top tier cities. At least that was the case in the early days of the recovery. Now, investors are starting to move beyond the metros to do smaller deals with strong upsides in second-tier cities. Although investors still prefer core properties, there are fewer on the sales block these days—and there is plenty of money from investors in every category chasing the deals. …
