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Report: South Florida Investors Are Still Wary Of Investing In Opportunity Zones
A report by Bilzin Sumberg and the ULI found that only 28 percent of respondents said they intend to invest in South Florida Opportunity Zones and only 7 percent have already done so. CLICK ON THE HEADLINE FOR MORE
Blackstone Is Already Selling Pieces Of The $18B GLP Industrial Portfolio
Prologis is reportedly in private discussions to purchase part of Blackstone’s recent warehouse acquisition. CLICK ON THE HEADLINE FOR MORE
‘It’s Like The Tulip Craze:’ South Florida Developers Expect Opportunity Zone Land Values To Wilt
Referred to as ‘Tulip Mania’ in the 17th century, when tulips reached ridiculously high prices and then fell sharply, some owners of property in Opportunity Zones are listing them at prices much higher than investors want to pay. CLICK ON THE HEADLINE FOR MORE
Florida Governor Signs Business Rent Tax Rollback, The Third In Recent Years
Florida House Bill 7123, known as the business rent tax, will lower commercial lease tax by 0.2 percent to 5.5 percent. Although the reduction is small, it marks the third such cut since 2018. CLICK ON THE HEADLINE FOR MORE
CRE Florida Partners Funds First Mortgage For Boynton Beach Client
The $2.5 million loan for a single-tenant/owner-user industrial warehouse property is an example of how debt placement is becoming a critical component for clients in a very competitive lending market. CLICK ON THE HEADLINE FOR MORE
Delray Beach Community Redevelopment Agency Green Lights $100M Mixed-Use Project
The AltaWest development will include 43,000 square feet of ground floor retail, 21,600 square feet of office space, a 33,000-square-foot grocery store, 165 residential units totaling 272,242 square feet and about 45,000 square feet of public space called “Frog Alley. CLICK ON THE HEADLINE FOR MORE
Industrial Buildings In Riviera Beach Opportunity Zone Sell For $11.7M
Sold for $73 per square foot, the three-building portfolio was 98 percent leased. CLICK ON THE HEADLINE FOR MORE
CEOs Agree Tax Breaks Needed To Lure Businesses To Florida
Should the State of Florida and local governments be offering tax breaks and incentives to lure businesses? For answers to that question from prominent South Florida CEOs, CLICK ON THE HEADLINE
So Many Opportunity Zones, So Many Questions For Developers, Investors
One of the biggest questions about the year-old program at a recent IRS public hearing in Washington, D.C., was the amount of time investment funds have to deploy capital raised for Opportunity Zones projects. CLICK ON THE HEADLINE FOR MORE
Golf Anyone? Anyone? Developers Reimagine South Florida’s Money-Losing Courses
With less people playing golf, traditional greens and fairways are being replaced by entertainment-themed golf centers and residential communities. CLICK ON THE HEADLINE FOR MORE
Fed, Highlighting Asset Bubble Dangers, Red Flags Rising Commercial Real Estate Prices
A first-ever, just released Federal Reserve financial stability report warns that soaring commercial real estate prices across the country could harm financial markets. CLICK ON THE HEADLINE FOR MORE
South Florida Developers Dish On How They’re Financing And Building Through The Late Stages Of The Cycle
Panelists included Jules Trump, Moishe Mana, Michael Stern, Louis Birdman and Kieran Bowers. CLICK ON THE HEADLINE FOR MORE
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