Why South Florida commercial real estate deal flow has chilled
Ben Mandell is biding his time. Over the past three or four years, his firm purchased one property, and it was a distressed deal. Although the real estate industry expected a more favorable investment market this year, those hopes were crushed. “A lot of people seeing the macro market now are thinking differently,” Mandell of Miami-based Tricera Capital said. “As far as acquisitions are concerned, we are on the sidelines but looking at when we should get back on the court.” While many brokers and investors on the ground say it doesn’t feel like South Florida’s commercial real estate deal […]This article originally appeared on The Real Deal. Click here to read the full story.
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