South Florida Dirt: Why it’s a “very difficult time to build” 

The billionaires and their HQ moves can’t carry the whole market. At Holland & Knight’s real estate conference last week, experts broke down some of the challenges developers, lenders and brokers are managing. Here’s what they had to say:  The latest interest rate hike is creating pain, per Omar Morales, managing director at Berkadia.  “In 2022, we saw rates start increasing in a tightening cycle in some ways. The proliferation of private credit debt funds allowed things to bend, but not break. What I’m seeing right now in real time, is I think things are going to start breaking. Not […]

This article originally appeared on The Real Deal. Click here to read the full story.