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Florida’s Economy Hits ‘Historic’ $1-Trillion Milestone

Dr. Jerry Parrish, Florida Chamber Foundation chief economist, who forecasted earlier this year that Florida would reach the new $1-trillion economy threshold sometime in 2018, says the milestone was achieved last week. He notes that Florida is adding $2.74 billion each day to the state’s GDP.

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Fort Lauderdale Headlines

Another Watercrest-Titan Senior Living Project To Break Ground

The Winter Park, FL project named Watercrest Winter Park will be developed by Vero Beach, FL-based Watercrest Senior Living and Titan Development Real Estate Fund 1.

JBL Buys Plant City Retail Center for $29M

The sale transaction for the 93.3%-leased shopping center was announced by brokerage firm HFF, which marketed the property on behalf of the seller, Retail Value Inc, which earlier this month spun off of Beechwood, OH-based DDR Corp.

Metro 1 Seeks JV Partner for $100M Project at Wynwood Gateway Site

Tony Cho, CEO of Metro 1, says his firm is seeking a hospitality partner to co-develop the one-acre site located at the intersection of Northwest 2nd Avenue and 29th Street. The conceptual plan calls for the development of hospitality, office, retail and possibly residential space.

Spotlight On

Paul Massey’s New Brokerage Hiring 50 Agents

The founder of B6 shares the firm’s plans for its first year, in a GlobeSt.com interview.

Behind L.A.’s Most Revolutionary Projects

Martha Welborne is working with HR&A Advisors to work on Los Angeles’ most transformative projects.

Research

WCRE: Southern NJ & Philly See Moderate Gains In Q2

There were approximately 303,656 square feet of new leases and renewals executed in the three counties surveyed (Burlington, Camden and Gloucester), a gain of about 10% over the previous quarter, says WCRE's Jason Wolf.

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THE CAPITAL ISSUE

From our annual Institutional Capital Markets Symposium and analysis of the legislation around the tax code, to the latest tech innovations and financial trends in the multifamily space and foreign markets, Forum's Capital Issue covers all aspects of the CRE debt and equity arena.

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