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Technology companies have been leaders in the push to reshore manufacturing. Examples are multi-billion-dollar chip plants, thanks to the $52 billion CHIPS and Science Act that was part of the Inflation Reduction Act. But the shift isn’t only the province of giant companies. Many small- to mid-sized companies are also reshoring or expanding domestic manufacturing.
The purchase part of the shuttered Heron Bay Golf Club could lead to the city working with a developer to build on much of it. This continues the trend of struggling golf courses in South Florida being redeveloped into more profitable uses.
The Turning Notch Expansion aims to increase berthing space to accommodate larger modern container ships at Port Everglades. WSP USA is providing engineering design services to nearly double the cargo capacity of Florida’s leading container port and accommodate large modern container ships.
The properties total 4.33 acres and includes the five-story Robert Hayes Gore State Office Building, at 201 W. Broward Blvd., and the 29,185-square-foot parking lot across the street.
During the past three years, Industrial Outdoor Storage has been growing dramatically and increasingly attracting the attention of—and significant outlays from—institutional investors and private equity firms. This hot commercial property type is mainly used for truck terminals, trailer storage, container storage, pallet storage and construction or heavy equipment yards.
Other than owning a company or a franchise, only real estate allows investors to roll up their sleeves, either physically or metaphorically, and create value in an investment. This happens in one of three ways: repositioning, management, or knowledge.
Commercial buildings with older roofs that haven’t been updated and those located in regions exposed to windstorms, severe convective storms and wildfires are seeing insurance coverage for roof damage limited by policy provisions. Properties located in the South Florida are seeing the most restrictive roof coverage in policies.
The new guidelines will bring the city’s corridors into the 21st century design criteria, and will help protect single-family residences from the “massive amount of pressure” the city is going to experience due to an increase in population.
Firm and industry observers point to bonds, returns, capital flows, expenses, energy, construction and central banks as the top ten issues they believe could steer CRE’s direction for the second half of 2022.
If a controversial proposal goes through that would raise the height cap to 500 feet on construction projects that get special zoning, critics fear sky-high towers could start cropping up all over Fort Lauderdale,
Preliminary data from SitusAMC Insight’s second quarter 2022 institutional investor survey shows changing preferences among property segments. After so many quarters of seemingly unstoppable growth, the industrial sector is starting to show initial signs of a slowdown, even though fundamentals are still strong.
Builders have to weigh whether to accept smaller profit margins, eschew some projects altogether or, in the case of affordable housing, seek more money from public funding sources to complete those jobs.
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