Commercial Real Estate, Capital, Insurance, Leasing & Management

Miami Booms (With a Few Caveats)

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Franklin Street regional managing partner Greg Matus moderates BisNow's Miami State of the Market.

Franklin Street regional managing partner Greg Matus, who also moderated; Aria Development principal David Arditi, who’s developing 321 Ocean in Miami Beach; and Berkowitz Development Group president Jeff Berkowitz, who’s developing Skyrise Miami. The overseas investment that’s been driving so much of the market has graduated from putting flight capital into condos into seeking commercial deals, the panelists observed. Core housing is still the darling among foreign investors, but they’re also going to other property types in the region to chase yields. Also, developers in Latin America have family members opening operations here and are partnering with local owner-operators. In short, foreign capital is becoming more actively involved in Miami. View PDF

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