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Melea VanOstrand oversees the Daily Business Review as ALM's Florida Bureau Chief. Email Melea at [email protected] or follow her on her Twitter or Facebook pages.
"Now our focus is on liquidity and not what this thing is worth but what you can sell it for in a reasonable amount of time."
"We have to think about how you can monetize space more effectively."
The moment that your interest goes over yield, it's going to make it extremely difficult to underwrite a deal.
They are building a multi-customer office development project inside a mixed-use Midtown Tampa project.
"People are continuing to move to Florida and buying higher-end properties."
TA Realty purchased the 1,060,740 square-foot industrial park from a global investment advisor.
Residents in northern Florida are looking for inland housing options as rents in the coastal areas have grown.
The property spans a total of 201,000 residential square feet over 14 acres and was completed in September 2020.
Investors are looking at opportunities in the Northeastern portions of Miami-Dade
"The interest from buyers seeking high-quality office investment properties in South Florida remains strong and steady."