TRD South Florida’s spring issue is live!

Inside: The post-condo-glut Miami, top resi broker ranking + more

Miami /
Mar.March 20, 2018 12:30 PM

Good things come to those who wait. Patience is a virtue. The best things in life are worth waiting for.

There are so many sayings about the value in biding one’s time, and today’s developers certainly seem to appreciate the sentiment. With oodles of condos on the market now and even more to come, the biggest players know their bets are better placed in planning for the next cycle. The Real Deal’s Katherine Kallergis took a look at the projects South Florida’s most prominent developers are assembling for a post-condo-glut world, which include plenty of — what else? — condos!

The wait-and-see approach is how some industry players are handling the onset of Bitcoin-to-Bitcoin real estate transactions — the first couple of which South Florida has seen only recently. We dove into the benefits and drawbacks of cryptocurrency real estate transactions while also looking at the ways in which other tech tools could change how deals are done.

And while the excess of unsold condos is making developers dream of better days, brokers selling single-family homes, too, are hampered by so much supply. “It’s going to affect single-family residential. It has to,” EWM Realty International broker Judy Zeder told TRD. Her team came in second in our ranking of the top residential brokers of Miami-Dade. While sales volumes rose for many in the list, brokers said they’re working twice as hard to make deals.

Many women landed on that top brokers ranking, but on the commercial side, they are still in the minority. TRD’s research team dug into state filings to learn just how many female agents work at the top commercial brokerages in South Florida. The finding? At companies where women had the largest presence, they still only made up about 38 percent of the broker workforce. Lady leaders discuss their experiences and the needed changes in the industry here.

Other issue highlights include a look at the deliciously savage fight to lure top retail tenants among the area’s three luxury shopping centers and managing editor Ina Cordle’s interview with Paramount Miami Worldcenter developer Dan Kodsi. The best advice he’s ever heard? Have no expectations.

Enjoy the issue!


Related Articles

arrow_forward_ios
From left: Jim Cohen, Nancy Corey, Nathan Zeder, Alicia Cervera Lamadrid, Phil Gutman and Mike Pappas (iStock)
South Florida’s pandemic-fueled residential market poised for bull run in 2021
South Florida’s pandemic-fueled residential market poised for bull run in 2021
Kathleen DuRoss Ford and 300 North Lake Way (Getty, Google Maps)
Kate Ford’s Palm Beach estate sells for $55M
Kate Ford’s Palm Beach estate sells for $55M
Oprah Winfrey and (inset) Lawrence Stroll over the unit (Getty)
You get a condo! Billionaire Lawrence Stroll sells Oprah’s former Fisher Island penthouse
You get a condo! Billionaire Lawrence Stroll sells Oprah’s former Fisher Island penthouse
As resi brokers in South Florida report an uptick in sales and rentals largely fueled by homeowners fleeing dense markets like New York, office brokers say they’re starting to see a similar trend play out among tech firms. (iStock)
More tech firms eye Miami as Covid carries on
More tech firms eye Miami as Covid carries on
Gables Town Colony apartment complex, Sue Ansel of Gables Residential
Gables Residential scores $85M loan for Boca Raton apartment complex
Gables Residential scores $85M loan for Boca Raton apartment complex
Daniel de la Vega with the previous website and the redesigned version (Credit: iStock)
One Sotheby’s rolls out new website during pandemic
One Sotheby’s rolls out new website during pandemic
Watch Miami’s big brokerage chiefs today on TRD Talks Live
Watch Miami’s big brokerage chiefs today on TRD Talks Live
Watch Miami’s big brokerage chiefs today on TRD Talks Live
Broadstone City Center with Alliance Residential’s Bruce Ward and Nuveen CEO Jose Minaya
Nuveen pays $103M for West Palm luxury apartments
Nuveen pays $103M for West Palm luxury apartments
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...