Miami

"At some point, COVID does pass," said Michael Comras, founder and CEO of Miami Beach-based the Comras Co. "We will see restaurants reopening."

The seven buyers of five Parque Towers condo units won on their claim developer J. Milton completed the tower over a year late.

The COVID-19 pandemic created a "unique environment of pressure on all sides" in this bankruptcy case, debtor's counsel said.

Victor Petrescu, partner at Levine Kellogg Lehman Schneider + Grossman in Miami, says unemployed and underemployed borrowers will be in the worst position once the moratorium is lifted.

Icahn Enterprises already moved its headquarters to Sunny Isles Beach, and Blackstone and Elliott Management plan to add South Florida offices.

With many owners sitting on the sidelines waiting for post pandemic price discovery, there are very few acquisition opportunities for buyers.

Marbet Lewis is expecting an increase in litigation on the commercial side. She said when the coronavirus pandemic struck "everyone moved so quickly, and a lot of businesses just accepted the regulations as they came out."

Tony Arellano and Devlin Marinoff of DWNTWN Realty Advisors talk about distressed deals and related topics in this Q&A.