Miami

In Florida, in-migration continues to drive demand for multifamily.

The loan was issued around the time a final certificate of occupancy was received.

These firms are gobbling up small offices as they open up shop.

Other positive metrics for the firm were net signed contract units were 1,806, up 31%; the contract value was $1.49 billion, up 28% and backlog units at the end of the first-quarter 2020 were 6,461, up 9%.

IRR Parkwest Investments buys one of the last open Miami Worldcenter parcels for $27 million.

"It's a trend we are seeing across the market in buildings that are located in prime locations."

The owner of the lot near Interstate 95 bought for $80,000 more than four decades ago and sold for $7 million.

"There has been increased demand for distribution centers for e-commerce and some food users have seen quite a bit of activity."