Urban sprawl has become a notable strain on residents, infrastructure, and local budgets, but many cities still have a lot of available land in their CBDs.

The Walker & Dunlop team has now closed three new South Florida apartment development transactions for HG Management, totaling nearly $350 million in sales volume.

The Florida Realtors trade group reports that sales of single-family homes in the first quarter fell slightly by 0.9% with a statewide total of 60,204 transactions. The median statewide single-family home price at the end of the first quarter was $248,000, up 9.7% from the first quarter of 2017.

While there will be some softness and “over reaction” by some as the retail sector continues its transition, Bell notes, “We are not going to see a situation where there is a 'retail apocalypse.'”