News

FHFA has announced that Freddie Mac and Fannie Mae will offer qualifying multifamily property owners forbearance through June 30, 2021.

"The surge in sales reaffirms our belief in the region as a critical global gateway for business, travel and tourism, and residential living," said Vanessa Grout, CEO of OKO Real Estate. "I have no doubt that Miami and the South Florida region have longevity and will continue to prosper."

Cushman & Wakefield served as the exclusive advisor to the firm and procured the floating-rate financing for the 25-building portfolio.

Most of the job gains were in the leisure and hospitality sectors.

Rising interest rates were cited as the reason.

General supply and demand market balance, functioning capital markets and vaccination efforts are driving optimism.