'Palm Beach Is Completely On Fire': Tidal Wave Of Luxury Development Hits
April 18, 2018

'Palm Beach Is Completely On Fire':
Tidal Wave Of Luxury Development Hits

Except for the town of Palm Beach — an island full of millionaires — the larger Palm Beach County market has traditionally played third fiddle to Miami-Dade County and greater Fort Lauderdale in the South Florida ecosystem. 

But PBC is quickly catching up, developers said at Bisnow's West Palm Beach multifamily event April 12. “Palm Beach is completely on fire,” said Todd Michael Glaser, a high-end homebuilder who made his name in Miami but has lately been…

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Villani (UNA) SFL PO 13991
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South Florida's Office Market Slow Out Of The Gate In 2018

South Florida's office market this year is "off to a quiet start," JLL research shows. Tenants are moving to high-quality offices, but the pace has slowed, and older, vacated spaces are becoming more challenging to lease up. "Most net absorption gains…

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Juneau Construction (Student March 2018) SFL 13871
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Miami Streets Could Flood Every Day By 2070, But Businesses Will Adjust, Local Experts Say

A recently released federal report says that even by conservative estimates, Miami will experience increased daily flooding by the end of the century. Area businesses are keeping an eye on future sea level rise, but some experts that spoke to Bisnow say there is no need to panic. 

"Miami is going to be a great place 50 years from now, just a lot different," said Steve Cronig, partner at law firm Hinshaw & Culbertson and co-founder of a climate change group at the practice. A National Oceanic and…

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REFM (BetterDecisions) FILLER
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Miami Investment Firm Buys Stake In NYC's MHP Real Estate To Form $3B Joint Venture

A New York City landlord and brokerage is merging with a Miami-based investment firm in a deal to form a $3B company with offices up and down the East Coast. MHP Real Estate Services has joined forces with Banyan Street…

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CREW (Find Your CREW) FILLER
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KTGY's Jill Williams Discusses The Benefits Of A Diverse Workforce

Commercial real estate has struggled with diversity, but several organizations have been pushing for more diverse staff and executives. KTGY Architecture + Planning is one such firm and has a board of directors and shareholders from different races, backgrounds and ages.

Bisnow caught up with Oakland-based KTGY Architecture + Planning's principal and board chairman, Jill Williams, to find out how KTGY became such a diverse organization and what other CRE companies can learn from the company about having a diverse workforce.

Click here to read the full story.

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Apartments Nationwide See First Increase In Rents Since Last Summer

Average U.S. multifamily rents rose slightly in March by $4 to $1,371/month, according to the most recent Yardi Matrix Multifamily Monthly report. 

That might not sound like much, but average rents nationwide have been essentially stagnant since July 2017, Yardi reports, not moving more than $1 in either direction since then.

Click here to read the full story.

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