Month: March 2023
Environmental regulations, societal expectations and political pressures are arguably impacting commercial real estate like never before. The Paris Accord international climate treaty and a 2019 New York law that regulates the energy efficiency of buildings are just two examples of how environmental, social and governance (ESG) considerations are increasingly influencing the real estate market. Wall [...]
Florida stands out in many ways. The peninsula has the longest coastline in the contiguous United States, the world’s largest amusement park and one of the biggest wetlands anywhere. Also, Florida is the nation’s fastest growing, with about 320,000 people moving to the Sunshine State in 2022, according to the U.S. Census Bureau. Photo above: [...]
As far as professionals are concerned, real estate agents have had a remarkable history. Despite being a major part of one of the nation’s largest industries, constant economic, legislative, and technological changes, licensed real estate agents have managed to maintain a fairly constant industry structure related to their services. In a day and age when [...]
Despite obstacles, the innovative building material is used in a growing number of projects The father-and-son team Thomas and Keith Kovatch weren’t planning to be pioneers when they decided to construct an office building in Central Florida. Then they received a random email about a seminar on an innovative building technique known as “mass timber,” [...]
Housing affordability has been a growing concern in the United States in recent years, particularly given the spike in mortgage rates and surge in home sales prices in 2022. A worsening housing supply shortage and wage stagnation are commonly cited as among the main factors for the affordability issue. We analyzed the long-term trends in [...]
The mood of Florida consumers ticked lower in December as Floridians were increasingly concerned about rising inflation, according to the latest survey from the University of Florida’s Bureau of Economic and Business Research (BEBR). The monthly index tracking the economic outlook of Floridians dropped to 64 in December, down 11% from 72.3 a year earlier [...]
Our infographics shows the tallest buildings in Florida at the time they were built, since 1925. Also included is the Waldorf Astoria Hotel & Residences, which will take the crown as the tallest when completed in 2027. Each building’s height is scaled in relation to the others. Illustrations by Savannah Doremus Freedom Tower, Miami* Built [...]
Marshall Mall could serve as an example of the fate of U.S. shopping malls, which have swung high and low since their heyday. Built in 1980, the mall is the first and only mall in the small town of Marshall, Texas. But in time its original developer faltered, and the mall ended up in foreclosure. [...]
In the summer of 2017, the mall in Marshall, Texas, appeared to be on life support. JCPenney, its last remaining flagship store, closed and only seven retail tenants remained in what threatened to become a cavernous shell. “East Texas shoppers are coming to terms with the fact that this could spell the end for the [...]
The past year was one of change. It is time to take stock of where we ended and what to anticipate in 2023. As a backdrop to our real estate survey, 2022 brought significant relief to the pandemic concerns, and a let down from the dramatically high residential performance of 2021. We also saw the [...]
The Alfred A. Ring Distinguished Speaker Series brings prominent real estate professionals to campus to speak and interact with UF real estate students and faculty. Daniel O’Keefe (BSBA ’90, JD ’95) is co-managing partner of the Orlando office of Shutts & Bowen LLP, one of oldest law firms in Florida. He handles real estate, land [...]