Miami

Other positive metrics for the firm were net signed contract units were 1,806, up 31%; the contract value was $1.49 billion, up 28% and backlog units at the end of the first-quarter 2020 were 6,461, up 9%.

IRR Parkwest Investments buys one of the last open Miami Worldcenter parcels for $27 million.

"It's a trend we are seeing across the market in buildings that are located in prime locations."

The owner of the lot near Interstate 95 bought for $80,000 more than four decades ago and sold for $7 million.

"There has been increased demand for distribution centers for e-commerce and some food users have seen quite a bit of activity."

Amazon HQ2 isn't coming to South Florida. Hertz went to southwest Florida. And Spirit Airlines is moving its operations control center to Tennessee, although it's keeping its headquarters here. Will South Florida ever see a big corporate move?

The properties have low vacancy rates and offer affordable options for renters, according to Starwood Capital.

Some residents, developers and city board members take issue with loud music. Major landlord Moishe Mana, who hosts some of the events, calls the board racist.