Editor’s note

Are domestic buyers the new foreigners in South Florida?

As The Real Deal’s growing South Florida editorial team examines the residential and commercial markets in Miami-Dade, Broward and Palm Beach, it seems to us that our region is at a bit of a pivotal point.

Latin American demand for South Florida real estate products has shown some weakening, while money from U.S. investors — from the Northeast in particular — is increasingly flowing into the area, creating less dependence on the traditional foreign feeder markets that helped fuel the resurgence this cycle. 

As noted in our story on page 88, domestic buyers show somewhat of a preference for the less-pricey areas north of Miami, pushing development in Broward — both residential and mixed-use — to ramp up significantly. We’re looking northward, too, and on April 23, The Real Deal is hosting a Broward County Real Estate Showcase & Forum. See page 97 for more details.

Meanwhile, as investment capital from countries south of the border declines, China’s star is rising in Miami. Read our piece on page 58 about a firm dedicated to servicing wealthy Chinese clients. Will you be in Shanghai this fall? We will. Again, more details inside, on page 99.

You can also learn about the Nakash family’s burgeoning holdings beyond the Versace mansion, hear what famed architect Richard Meier has on tap for the Surf Club restoration and discover the secrets behind some of South Florida’s most prominent, yet under the radar, real estate players.

The issue also includes a look at the big uptick in the commercial markets in Miami-Dade and Palm Beach, an encyclopedic list of condo projects that have been announced for the tri-county area, and our first-ever ranking of new development marketing firms. 

And, don’t miss our amazing cover story starting on page 26 about what has recently become Miami’s most popular neighborhood: MiMo.

Enjoy the issue.