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September 25, 2019

Miami Developers: All This Socialist Talk Is Really Bugging Us

Cain International talks securing $300M in financing for 830 Brickell: Miami's first office tower in over a decade at South Florida Office Market Update Oct. 24

Some of Miami’s most influential real estate professionals say there is a macroeconomic force at play that worries them far more than a coming recession: socialism.

Miami Developers: All This Socialist Talk Is Really Bugging Us

Asked what keeps him up at night, Plaza Equity co-founder Anthony Burns told the audience at Bisnow's South Florida State of the Market event Wednesday it is the “growing socialist rhetoric that is occurring on the national stage."The economy that we’re seeing is not a God-given right," Burns said. "It’s based…

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East End Opens Wynwood 25 And Annex As Office Rents Break Records

It's been a busy few weeks for Related Group and East End Capital, as their new 289-unit apartment building Wynwood 25 had a grand opening party last week, and the 60K SF Wynwood Annex office building will be officially unveiled Wednesday. Its first tenant, Live Nation, which is leasing 8K SF, will move in over the next month or so. 

East End Opens Wynwood 25 And Annex As Office Rents Break Records

"We're negotiating four other floors right now," in the eight-story building, East End Capital Managing Principal Jonathan Yormak said. He declined to name potential tenants.Wynwood Annex features 5K SF of retail, 340 parking spaces and communal outdoor areas, including a rooftop terrace.Yormak doesn't intend to offer coworking, as there are…

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Trump EDA Chief Says States Should Throw More Money Behind Opportunity Zones
Trump EDA Chief Says States Should Throw More Money Behind Opportunity Zones  

U.S. Assistant Secretary of Commerce for Economic Development Dr. John Fleming will be in Miami this week, joining Mayor Francis Suarez for a two-day summit on opportunity zones with a slew of federal officials. Fleming, a former coroner, doctor and congressman, was appointed to his post by President Donald Trump in March and spent…

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CRE To Trump: Homelessness Isn't That Simple

New efforts by the Trump administration to penalize California for its housing crisis are misguided and off base, several CRE experts told Bisnow Tuesday.

The White House’s new report on homelessness, released by the Council of Economic Advisors last week, threw most conventional wisdom about the housing crisis to the wayside, instead focusing on more tightly restricted criteria for aid, an increase in policing and less regulation to spur market-rate housing.

Secretary of Housing and Urban Development Ben Carson backed up that approach Tuesday, when he said the state would continue to face pressure from federal authorities. Comments from President Donald Trump taking aim at the state's housing policies drew headlines and renewed criticism.

In multiple interviews across the state, builders, developers and policymakers all told Bisnow the same thing about the fracas: California does have a serious homelessness problem, but it won’t be solved by simple “silver bullet” solutions like the ones proposed in the report.

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