Southeast

"I think in the first half of the year capital will rush to put money to work ahead of the election and before the Fed changes its mind on interest rates."

The minor decrease in rates last year will likely have little impact on overall investment volumes this year.

"Developers are applying a more rigorous project selection process to position each planned community for success."

The company has several deals in the pipeline set to close in Q1 alone.

The Art Plaza twin-tower is Melo Group's third transit-oriented project in Miami's Arts & Entertainment District, and a fourth is underway.

The firm, fresh off its announcement last month that it had initiated a $12-billion investment strategy for its student housing and residential divisions, has hired real estate veteran Russell Brenner as president of the new medical office and life sciences entity.