Rey Melendi, COO of 13th Floor Investments Rey Melendi, COO of 13th Floor Investments

MIAMI—It’s no secret that construction growth in South Florida has slowed in 2016. A recent report from Dodge Data & Analytics found that the dollar value of new construction contracts in August 2016 dropped by 22% compared to the same month last year.

GlobeSt.com caught up with Rey Melendi, COO of 13th Floor Investments, to get his take on what’s unique about this construction cycle in part one of this exclusive interview. Stay tuned for part two in which he will discuss how the amount of available equity compares to past cycles.

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Jennifer LeClaire

GlobeSt

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