From left: Arbor Oaks at Boca Raton, the Compson Financial Center inBoca Raton, Bank of America Tower in Miami, and the Caribbean South
Beach in Miami
Sparse credit and a looming wave of commercial mortgage-backed
securities defaults dominated the year in South Florida commercial real
estate. Rents fell, vacancies rose. The bottom never quite showed
itself, despite the concerted hopes of landlords, lenders and brokers. Real estate pros say that there will be more of the same in 2010. Despite the market woes, some notable commercial real estate deals got
inked in 2009. The Real Deal offers up its picks for the top five such deals, marked by
large office leases, healthy renewals, mega sales and lessons in
discounting.
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