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The small residential sector includes all single-family rental homes and multifamily properties with 50 units or less, where the majority of US residents reside, or a staggering 87% of all long-term rental units.
The financial crisis was a significant influence in dampening millennials early career opportunities, coupled with other shifts in the economy that changed the game.
The purchase of Concourse Center brings Dilweg's Florida office holdings to nearly 1.2 million square feet and its Southeast office holdings to nearly 6.5 million square feet.
The sale price more than likely is north of $100 million since CrossHarbour acquired the property in 2016 for $101 million and since then undertook a multi-million-dollar capital improvement plan at the hotel that was completed in 2017.
A groundbreaking for the project was held last Friday and demolition of the Edison Building at the project site located at the southwest corner of North Boulevard and Spaulding Drive is scheduled to begin on May 7.
Colliers states that it will add development services team members in Orlando, Tampa Bay and Jacksonville, as well as bring in additional personnel to its South Florida operation.
“Given Florida's maturity as a worldwide economic powerhouse in recent years, we have a unique opportunity to lead and chart a path to help Florida become that 'It' State—the place where dynamic and exciting innovations lead the way,” says Chris Corr, Florida Council of 100 Chair.
Commercial brokerage firm CBRE reported the sale transaction of the fee-interest of 182,753-square-foot Class A property at 2101 Park Center Drive and 2145 Metrocenter Boulevard to Metrocenter Office, LLC.
Hanerfeld, who leased more than 4 million square feet of office space since 2008 when he joined Cushman & Wakefield, will report to Mike DiBlasi, the newly appointed managing director of CBRE's Tampa office, who left Feldman Equities and joined CBRE in February.
Realtors pointed to a 9.6% increase in active single-family home listings (97,195) as a positive sign going forward that will help keep the lid on rising home prices in the Sunshine State.