South Florida developers cautious but confident on condo market: TRD panel

Shahab Karmely: "Real estate doesn't die, it sleeps."

From the South Florida website: Some of Miami’s biggest developers boasted about the success of their condo projects, but cautioned brokers – and buyers – of the potential risks of projects that have not yet launched or started construction at The Real Deal’s Third Annual South Florida Showcase & Forum on Thursday.

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“We’re not looking to start anything new today,” Gil Dezer, president of Dezer Development, said on the developers’ outlook panel titled “The prognosis for new construction amid global market uncertainty.” [more]