Southeast

Opportunity Zones Knocking, But Few Answering the Call So Far

Lynnley Browning |

But despite a feverish push from developers, accountants and law firms, investors are hesitating before jumping into Opportunity Zone funds, according to wealth advisers.

Features

Avison Young Expands Its CRE Global Partnership Base

Tanya Sterling |

The acquisition of GVA increased its revenue to 25 times its 2008 level.

News

Orlando Continues Long-Standing Lead in Job Growth

John Jordan |

The industries with the highest growth over the year in the Orlando area in March were professional and business services with 19,100 new jobs and leisure and hospitality with 10,100 new jobs.

News

Fort Lauderdale’s Flagler Village Now Becoming a True ‘Live, Work, Play’ Destination

John Jordan |

Flagler Village, a former neglected warehouse and residential district in Downtown Fort Lauderdale, is a case study of how an area’s resurgence can be tied to the arts, culture and entertainment, similar to what happened earlier in the Wynwood section of Miami.

News

Global Medical REIT Buys $94M Portfolio

Erika Morphy |

CNL Healthcare Properties was the seller of the four inpatient rehabilitation facilities.

News

Vornado Sells Stake in $5.6B Fifth Ave, Times Square Portfolio

John Jordan |

In connection with the deal, Vornado also reports that Haim Chera, 50, has left the family-owned Crown Acquisitions to join Vornado as its EVP- head of retail.

Best Retail Sales Since 2017 Brighten US Growth Outlook

Reade Pickert |

With first-quarter gross domestic product figures due April 26, the surprisingly strong retail report spurred economists to further increase projections.

News

City of Dania Beach Looks to Redevelop City Center Site

John Jordan |

The offering provides “an open canvas to developers for a multi-year phased development plan with a goal to jumpstart and stimulate redevelopment in the city’s Urban Core,” the city states.

News

Nashville Four Seasons Hotel Project Secures $360M in Financing

John Jordan |

The mixed-use development will include 232 five-star hotel rooms, luxury for-sale residential units, approximately 10,000 square feet of retail space and a 368-space parking garage. Both the hotel and the for-sale residential units will be branded and operated by Four Seasons Hotels and Resorts.

News

Blackstone’s Assets Under Management Exceeds $513B; Firm to Convert to Corporation Structure

John Jordan |

The New York City-based global investment firm says it will begin operating as a corporation effective July 1. The firm also reported its first quarter financial results that indicated Blackstone’s assets under management now exceeds $512 billion, up 14% year over year.