(Crystal Proenza is associate editor of Real Estate Florida.)

MIAMI BEACH, FL-Now is the time to get serious about purchasing land, urged panelists at an event held by the Colliers International land advisory practice group on Sept. 26. Speakers helped an audience of brokers from around the country see a bright side in the snowballing downturn by discussing funds actively looking for land deals, with advice about how to get those deals done from the perspective of developers, bankers and attorneys. The session was part of a three-day 2008 Colliers International Conference held at the Loews Hotel in Miami Beach.

“Land is really local, but in today’s world, especially with large portfolios being taken back by banks, we’re finding there are opportunities outside of our local markets,” said Mark Dolemba, senior vice president of Colliers B&K in Rosemont, IL. Each of the speakers representing land acquisition funds from around the country agreed, making clear that they were actively searching for deals to get a jump on the next up cycle.

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