(Nearly) all signals go for SoFla CRE

MiamiCentral station promises to bring 280,000 square feet of office space to downtown Miami
MiamiCentral station promises to bring 280,000 square feet of office space to downtown Miami

From the April issueWhen real estate players talk shop about South Florida, if you look closely enough, you’ll catch a glint in their eyes, like a prospector talking about an untapped gold mine.

There’s no question that South Florida’s commercial markets have been hot tickets over the past two years: A retail assemblage on Lincoln Road fetched $370 million, institutional-level assets such as the $119 million Alhambra office complex in Coral Gables traded like flat-screen TVs on Black Friday and vacancies declined across the board.

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And while global factors — from ailing stock markets to volatile foreign economies — have put a damper on growth in certain sectors, industry insiders say there are still plenty of noteworthy deals expected to close this year. [more]