The Real Deal Miami

Landlords scramble to survive

August 24, 2009 11:59AM

Sitting pat will not work, said South Florida landlords, who’ve taken all manner of steps to sustain themselves in a dire market. Equity One, the North Miami Beach real estate investment trust, spent $1 million to repaint stores, seal the parking lot and improve the landscaping at its Bird Ludlam shopping center. Beth Azor of Azor Advisory Services is pounding the pavement, knocking on doors to secure renewals and find new tenants. Long-term deals are common, discounts and other incentives are part of the landscape, and a wider range of services are now available to tenants said Duane Stiller, president of Woolbright Development.