Original Southeast commercial real estate news & events for Atlanta, Carolinas, Memphis, Miami, Nashville, Orlando and Washington D.C. metro area; plus expert insights, commentary and analysis into secondary and tertiary regional and local markets.
Private equity firms are driving up the cost of deals as they raise money faster than they can spend it, stockpiling a record $1.26 trillion in undeployed capital as of March.
Realtors pointed to a 9.6% increase in active single-family home listings (97,195) as a positive sign going forward that will help keep the lid on rising home prices in the Sunshine State.
The development's first tower, designed by Corwil Architects, will feature 312 apartment units and 6,000 square feet of retail in a 22-story building, will break ground in July.
But despite a feverish push from developers, accountants and law firms, investors are hesitating before jumping into Opportunity Zone funds, according to wealth advisers.
The industries with the highest growth over the year in the Orlando area in March were professional and business services with 19,100 new jobs and leisure and hospitality with 10,100 new jobs.
Flagler Village, a former neglected warehouse and residential district in Downtown Fort Lauderdale, is a case study of how an area's resurgence can be tied to the arts, culture and entertainment, similar to what happened earlier in the Wynwood section of Miami.