"While we may not be at the bottom of the market, we felt thediscounted pricing made it a good opportunity,'' Stephen Owens,Miami-based president of Swire Properties, told the MiamiHerald. Experts agree that given the current economicsituation, ground will not break on any major projects at the twovacant parcels, which are approved for three million square feet ofdevelopment, for at least a few years.

To read the full Miami Herald story, click here.

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