The Real Deal Miami

Bargain hunters gear up

August 26, 2009 01:12PM

Veterans and newcomers to South Florida commercial real estate are ready to leave the sidelines and start picking up properties at bargain prices. Boca Raton-based Woolbright Development, a fixture in South Florida real estate, has been joined by Miami-based Steelbridge Capital and other new arrivals as they ready acquisition plans. The climate is right. Institutional investors such as the California Public Employees’ Retirement System, which in July turned over the Downtown at the Gardens mall in Palm Beach Gardens, want to shed distressed assets.