Construction | Capital Analytics Associates

South Florida Collective Combats Gentrification in Palm Beach

By: Sara Warden

2 min read November 2019 — As the 2018 federal tax code kicks into effect, capping deductibility of state and local taxes, demand has skyrocketed for luxury real estate in low-taxing states such as Florida. In the third quarter of 2019, the median price for a luxury home in Palm Beach tripled on the year to $21 million compared with $7.7 million in the same quarter of 2018.

As luxury house prices increase, single family and condo prices are also going up, according to a report by real estate appraisers Miller Samuel. In 3Q19, average sales prices for a condo reached $418,849, up 4.4% on 3Q18, and for a single family home the average price was $11.4 million, up 121.6% on the year. Tellingly, average price per square foot was up across the board, at $1,468/ft2 for a single family home during the quarter compared with $1,363/ft2.

The area is quickly gentrifying, with the Virgin Trains USA express service that runs through the county also pulling up house prices and pushing down affordability. In this environment, creating affordable housing for the residents of Palm Beach becomes ever more pressing. Now, the public and private sectors are joining forces to take action and create the South Florida Housing Link Collaborative, an ambitious affordable housing project.

The project will target the route of the Brightline, deploying a $5 million investment by JP Morgan Chase to upgrade existing units and build new, more affordable accommodation. “Transport is the biggest expense after housing,” said Mandy Bartle, executive director of the South Florida Community Land Trust (SFCLT), to the Miami Herald. “We decided to hone in on this corridor because the people who most need public transit are a lot of the folks who already live in these areas near the railway and are the most likely to get pushed out by gentrification.”

As well as the $5 million in direct investment in the project, it is expected to garner $75 million in external capital from both the public and private sectors. Joining the SFCLT is the Community Land Trust of Palm Beach County, nonprofit Enterprise Community Partners, Florida Community Loan Fund, and the Solar and Energy Loan Fund (SELF). SELF provides small loans to homeowners for solar energy or hurricane-resilience technologies, providing $10 million worth of loans in their 10 years in business.

Duanne Andrade, the chief financial officer at SELF, said in an interview with Next City that those living on the path of new transit projects are often the most vulnerable to gentrification. Cindee LaCourse-Blum, executive director of the Palm Beach County CLT, added that climate change compounds the problem.

“Housing and transportation eats up the majority of incomes in Palm Beach County, in addition to the risks that we are seeing with climate change and sea-level rise and a lot of people coming back into the urban corridor and gentrifying those neighborhoods,” she said to the same publication. “What I’m hoping to see is that residents of these communities have access to safe, affordable, resilient housing, and they’re not pushed out of their neighborhoods.”

To learn more about our interviewees, visit:

http://southfloridahousinglink.org/

https://www.millersamuel.com/

https://southfloridaclt.org/

https://cltofpbc.org/

https://www.enterprisecommunity.org/

https://fclf.org/

https://solarenergyloanfund.org/

James Fox, President, Maddox Group

By Max Crampton-Thomas

2 min read October 2019 — To be successful in the construction industry, a company needs to be flexible and cognizant about the sector’s constant state of change. A construction company also needs to be wary that even with new technologies in the market, at the end of the day, there is no way to control unforeseen issues and challenges. James Fox, president of Maddox Group in Boca Raton, discussed these ideas with Invest: as well as how his company is ensuring it remains as recession proof as possible in preparation for an eventual economic dip.

With which business sectors are your services most in demand?

The sector where we’re seeing the most demand is, first and foremost, corporate interiors. Second would be medical offices, then industrial and finally retail. The demand for medical offices seems pretty self-explanatory: retired people relocate to Florida and enjoy the weather, which ultimately increases the need for more medical services. In regards to the demand for more corporate offices, the trend seems to be going toward Palm Beach County due to the simple fact that, in comparison to Miami, there’s more land and more opportunity here now.

How have you seen the demand for office types change?

Traditionally a typical build-out would consist of new ceilings, new flooring, new lighting and specified work stations. Today’s young entrepreneur is building offices that aren’t really offices; rather, they are 360-degree workspaces where there isn’t an emphasis on a desk or workspace belonging to any one individual.

How has new technology changed the construction industry?

In our industry there are always new technologies popping up to make construction quicker, but at the end of the day it’s still construction. The fact is that you’re building things, and issues are going to arise that are out of anyone’s control. What we do is tell our clients that this is our schedule and barring any unforeseen challenges you’ll be able to move in by this date. But like I said, things happen, and technology can’t always help avoid them.

How do you best protect your business in the case of another economic slowdown?

Everybody wants to talk about when things are going to come back to reality in the construction market. People can theorize but no one actually knows. My thought process is to stay recession proof. Doing interior build-outs has been the key to this. When the economy dips, businesses don’t have the capital to relocate and build a new office; instead, they will take the space they are working out of and change the interior. Instead of going out into the market and claiming we do 20 different things, we focus our efforts on interiors and it works for us.

To learn more about our interviewee, visit:

https://maddoxgc.com/

Spotlight On: Gary Gagnon, President & CEO, Gagnon Development

Writer: Yolanda Rivas

2 min read October 2019 — Gary Gagnon’s family has been involved in the real estate industry since the 1930s. Gagnon decided to follow in his family’s footsteps by creating Gagnon Development, LLC and Gagnon Real Estate Investments, LLC. He also specializes in commercial income producing property in Central Florida. In an interview with Invest:, Gagnon described the benefits and strength of Orlando’s real estate sector.

How would you describe the strength of Orlando’s real estate sector today?

Orlando’s real estate sector is stronger than most, since it is somewhat in a protective bubble because of being mostly tourism-driven, though we are actively trying to attract more tech-related businesses. Our unique location and economy protects us whenever there is a slowdown or recession. With low interest rates and prices increasing for commercial and residential real estate, fear is beginning to spread and people are starting to question if it is time to sell. Luckily, if the whole country takes a hit, I think Orlando is somewhat protected and should not be as harmed as much as the rest of the country would be.

Lenders are starting to get over their fears and they are starting to have a hunger to loan but are still being cautious and require larger down-payments or cross collateralization. Development is booming and we are seeing a high amount of capital in A-class products. However, the growth of new office space in Orlando has been historically stagnant and there is not enough large office space available. Orlando has several new office projects in the works, which should help satisfy the demand for new office space. Many of our international clients are choosing to build new office space instead of renting since it is less expensive than leasing at current rates. Orlando also provides an opportunity for investors to generate high cash flow with less investment dollars when compared to other cities such as Miami and New York.

Which markets are seeing the most demand in Orlando?

Apartments continue to see great demand. E-commerce and big chain retailers transitioning to or expanding their online sales footprint have created an increased demand for large industrial space. We usually do build-to-suit projects specifically for a client’s needs, but we recently worked on a speculative flex space project with a client. That project consisted of smaller spaces with an office and showroom in the front and warehouse in the back. Along with the client, we were able to sell five of eight units before completing construction. A trend we are seeing in industrial is the smaller the square footage you build, the faster you lease or sell it. There is a demand for flex space and we are looking to expand in that area. Warehouses are in high demand, too. Many larger investors are looking for warehouses that have rail access. Office building is just now hitting its stride. Public storage is keeping up with supply and demand but we don’t see above average growth in that sector. Overall commercial real estate in Orlando is in very high demand and there is more demand than there is supply.

To learn more about our interviewee, visit:

Gagnon Development LLC: http://www.gagnondevelopment.com/

Return to Invest: Orlando

Atlanta’s Entertainment Pull Buoys Hospitality Industry

By Sara Warden

2 min read October 2019 — With 130 new hotel constructions planned across Metro Atlanta, the city now ranks fifth in the country for new hotel construction. The momentum generated from this year’s Super Bowl seems to have continued as the city now looks to attract other major sporting events, such as World Cup 2026 after it made the shortlist as a potential host city.

“Atlanta’s standing as a preferred site for major sporting events has been enhanced by the 2017 opening of the state-of-the-art, $1.6-billion Mercedes-Benz Stadium, as well as the opening of SunTrust Park and the conversion of Turner Field into the new Georgia State Football Stadium,” said a report by the Hotel Valuation Index (HVI).

And Atlanta doesn’t just draw visitors for sporting events. Hotels are now incorporating convention centers as standard to provide the greatest value to customers. “In recent years, the city’s large amount of meeting and event space at competitive price points has advanced Atlanta’s position in citywide convention cycles and has improved the city’s standing in relation to other large convention markets,” said the HVI report. “Increasing convention demand will continue to be supported by the ongoing $55-million expansion of the Georgia World Congress Center (GWCC) and the 2019 announcement of a 1,000-room Signia Hilton convention hotel to be located adjacent to the GWCC.”

Of the 107 projects tracked by real estate firm CBRE, 15 are located in downtown Atlanta, 14 are in Gwinnett County, 11 are in Cobb County and a further 13 are located along the corridor of the GA-400 freeway.

As the competition heats up, hotels need to evaluate their offering to ensure they are in the best position to attract new clientele. Most recently, luxury hotel chain Kimpton jumped on the bandwagon and partnered with developer Portman Holdings and leading hospitality firm IHG to build new properties in Atlanta and Houston. The 216-room Kimpton Buckhead hotel is slated to open in the second half of 2020 and will feature a restaurant and bar, courtyard, private pool and a rooftop lounge.

“We’re thrilled to expand our presence with a second Kimpton hotel in the Atlanta market,” Mike DeFrino, Kimpton Hotels & Restaurants’ CEO, said in a statement. “The partnership with Portman Holdings allows us the perfect opportunity to bring Kimpton to the stylish Buckhead neighborhood and to continue consolidating our presence in the Southeast at-large.”

Developers in Buckhead also are targeting what they describe as the hotel market’s “white space,” or those customers willing to pay $250-300 per night for a room. While luxury hotels in Atlanta command an average of $227 per night, other neighborhoods can attract rates of more than $350 per night. “So, the white space occurs between that $350 and the $225 rate that is prevalent in all of the other hotels in Buckhead,” Regent Partners President Reid Freeman told Bisnow. “There’s $125 worth of white space that no one is capturing.”

Next month, the company is expected to break ground on a $90 million boutique hotel in the Buckhead Village district, to be operated by Thompson Hotels. Buckhead is also a target for Songy Highroads, which is planning a $75 million Hyatt boutique hotel targeted to millennials. “The experiential factor is becoming more prominent. You have different segments of travelers, from millennials to people aging into retirement. They are looking for an experience and place that is a reflection of the surrounding community,” Songy Highroads CEO David Songy told Bisnow.

To learn more about our interviewees, visit:

https://www.hvs.com/article/8460-2019-european-hotel-valuation-index

https://www.cbre.us/

https://www.ihg.com/kimptonhotels/hotels/us/en/reservation

https://www.regentpartners.com/

https://www.portmanholdings.com/

https://www.thompsonhotels.com/

http://songyhighroads.com/

https://www.gwcca.org/georgia-world-congress-center/

https://www.hilton.com/en/signia-hilton/

Spotlight On: Asi Cymbal, President & Owner, Cymbal Developmentf

By Max Crampton-Thomas

2 min read October 2019 — Fort Lauderdale’s real estate development market is in its prime and if there was ever a time to capitalize on that, it’s now. The successful developers are those who truly understand the market, can create an innovative product and have the foresight to protect themselves if this hot market goes cold. Asi Cymbal is the president and owner of Cymbal Development, a development and construction company that is working on a new innovative development along the water called Marina Lofts. Cymbal discusses the key differences he has identified in Broward and Miami-Dade’s real estate development markets, market trends and how vital the financing market is to how real estate development performs.

What can be expected for your development of Marina Lofts?

We have a significant interest in Downtown Fort Lauderdale, and we own a six-acre site along the water where we are building The Marina Lofts. We brought in Bjarke Ingels, an amazing architect, to design the project. Marina Lofts will be a multi-use project with residential, marine and retail, and a possible hotel and condo component as well. We have waited for the market to come to us, and we believe this is happening now with all the activity that is happening south of the river. It is primarily a rental market on the river and we think there is an opportunity to create something spectacular and cost-efficient along the waterfront.

How do the markets in Miami-Dade and Broward County differ?

Miami and Broward are quite different, although they are so close in proximity. Fort Lauderdale strives to be a city that seems closer in line to the bigger cities in the Midwest, while Miami strives to be a city that is more closely aligned with Eastern cities like New York. They have slightly different demographics as well, but both are attractive cities in different ways, which I believe adds to their appeal for various types of renters or buyers. An issue we are dealing with in both places is construction costs, and we are emphasizing efficiency in design more than ever. To be successful in these markets, we need to be a lot more cost-conscious than we have been in the past.

Where do you see development trends gravitating as we move into 2020?

There will continue to be strong demand for multifamily units. I believe retail will take a hit even though there are some interesting innovations happening in that space. There is an opportunity for growth in office space and there is more of an emphasis on an environmentally friendly product. Our housing tenants expect to see more of this emphasis, so we do design with an eye toward energy conservation, green efficiency and things of that sort that appeal to this demographic. Overall, we are cautiously optimistic through 2020, and our company will remain in significant expansion mode.

How dependent is real estate development on the financing market?

The financing market helps check the type of real estate product and the quantity of product being developed in South Florida. Regulation is a lot more strict today than it was right before the Great Recession. Having a stronger financial backing for projects is what keeps the region from over-building and there is a lot more hesitation and thought going into what is developed in South Florida. During the Great Recession, we saw opportunities to develop, but it was difficult to find financing. By the time we were mid-cycle everyone wanted to finance, but the opportunity was diminished. Now, we are toward the end of the cycle and there is financing, but you need to create your own opportunities.

To learn more about our interviewee, visit:

http://cymbaldevelopment.com/

Miami BIDs Put Customer First, Profits Later

By Sara Warden

2 min read October 2019 — As commercial real estate evolves and retail stores move online, Miami’s authorities are addressing vacancy rates with an innovative business improvement district (BID) program that unites private business and local store owners to take back Main Street.

A BID is a legal mechanism that has successfully been put in place in Miracle Mile, Coconut Grove, Lincoln Road and Wynwood, and most recently was established in South Miami. The South Miami BID provides a budget of $200,000 annually to provide services to businesses and commercial properties that include “enhanced safety, marketing, advocacy, promotions, and maintenance,” which are provided by the City Commission in addition to basic services.

Lincoln Road is one BID that, rather than focusing on vacancy rates, is focusing on creating a community for the public to attract foot traffic to the area. “I look at Lincoln Road differently,” said Lyle Stern, a member of the Board of the Lincoln Road BID to RE: Miami Beach. “I’m trying to encourage all of us who live in Miami Beach to look at Lincoln Road differently.” He believes that vacancy rates are the concern of individual property owners and that by creating an attractive environment, people will come.

Despite a significant hole being created right in the middle of Lincoln Road by the collapse of shopping giant Forever 21, the BID is planning a $67 million makeover, with Miami Beach authorities contributing to the cost of construction. The private business owners in the area will foot the bill for the promotional events by increasing their own taxes.

The idea behind the BID is not directly to attract investment to a given area, but to nurture the area so that investment comes as an added bonus. The Wynwood BID has taken a look at what the public really wants, and one of its priorities was to re-open the beloved shuttered O Cinema. “O Cinema is a cultural icon in South Florida and a home for independent cinema,” said Albert Garcia, chairman of the Wynwood BID to the Miami Herald. “We were just as blindsided by the news of their closing as everyone else. As a long-time property owner in Wynwood as well as a member of the BID, it was important to me to see how we could keep O Cinema here.”

As the age of e-commerce dawns, BIDs are a way for traditional store owners to tune into the desires of the public, who now want more than just a traditional shopfront. Not only is investment being made in the community, but new business models are emerging that evolve with real demand.

“Nespresso has a very successful store on Lincoln Road,” Stern said to RE: Miami Beach. “As a company they’ve decided they don’t need cafés in the stores. They’re expensive and you have to maintain employees.” Instead, Lincoln Road’s Nespresso is downsizing from 4,500 square feet premises to 2,500 square feet, but staying on the same street, allowing it to maximize its value and provide its customers what they really want.

To learn more about our interviewees, visit:

https://www.southmiamifl.gov/563/Business-Improvement-District-BID

https://lincolnrd.com/lrbid/

https://wynwoodmiami.com/

Philly Developers Quick off the Mark in OZ Race

Writer: Sara Warden

2 min read OCTOBER 2019 —
Philadelphia’s population growth has lagged other large metro areas in the last few years, according to data from JLL and ULI. From 2010 to 2016, the region experienced a modest 2.1% population expansion and between 2010 to 2017, economic expansion was 12.3%, below the 15.1% experienced nationally.

This means that when the Opportunity Zones (OZs) were announced in the 2017 Federal Tax reform package, Philadelphia businesses welcomed them with open arms. “We have seen significant demand from Philadelphia’s real estate industry,” said Paul Dougherty, Philadelphia partner-in-charge at EisnerAmper LLP. “Part of that demand has to do with the interest around the Opportunity Zones created under the tax reform.”

OZs are a mechanism through which developers can defer tax payments through reinvestment of capital gains, for a maximum tax burden reduction of 15%, among other benefits. The program was designed to incentivize development in slower-growth regions. Philadelphia is now home to 82 OZs and the private sector has wasted no time tapping into them.

“The new federal Opportunity Zones will be interesting, and we hope to see some growth in the market from those. There are some very strategic areas in Philadelphia, like the corridor leading up Broad Street toward Temple. It’ll be exciting to see what happens in those areas,” said Tim Pulte, senior executive vice president of Colliers International.

In Brewerytown alone, several developments have sprung up, including the $42 million conversion of the F.A. Poth Brewing Company building at 31st and Jefferson Streets. The $10 million investment made by Off Road Capital Management will create 128 apartments and 25,000 square feet of commercial real estate. At 2120 E. York St., north of Frankford Avenue in Kensington, developer Civetta Property Group will use $8 million in equity from a fund under PNC Financial Services Group to build a five-story, 56-unit apartment building. And developer Mosaic Development Partners has chosen a former medical supply factory on Wayne Avenue, north of Berkley Street in Germantown, to convert into a 39-unit mixed-use development with a $7.5 million investment.

With these kinds of investments made in such a small area over such a short period, it is easy to see how capital expenditures could reach the $100 billion goal touted by Treasury Secretary Steve Mnuchin. But as OZs attract buzz, some have suggested the initiative may fall short of expectations without the right participation.

However, for Ben Connors, President of the General Building Contractors Association (GBCA), there is no downside to the program. “Opportunity Zones are going to have either a positive impact or a minimal impact. They are certainly not negative,” he said. “These zones stand to be another tool to extend economic development. Some of the Opportunity Zones that have been selected in this region are prime for development, assuming that the funds are prepared to take advantage. What is unknown is the scale.”

It is not only developers that have seen the benefits these zones can bring. Companies providing auxiliary services aligned with the real estate industry have been able to tap into the new OZ reality. One of these companies is real estate information firm CoStar, which identified numerous companies looking for ways to better search properties for Opportunity Zone investments.

In response, this year the company added Opportunity Zone overlays onto its property mapping functions. “With this new functionality, our subscribers can set alerts that notify them anytime a commercial property comes up for sale in an Opportunity Zone they are interested in,” Adrian Ponsen, the company’s director of market analytics, told Invest:. “They can also search for off-market Opportunity Zone properties that have the nearby demographic criteria and lot sizes they need to be viable candidates for redevelopment.”

To learn more about our interviewees, visit:

https://www.eisneramper.com/

https://www2.colliers.com

https://gbca.com/

https://www.costar.com/

It’s Go Big or Go Home for Miami’s OZs

Writer: Sara Warden

2 min read October 2019- When the Opportunity Zones (OZs) were created by the federal government in the 2017 Tax Cuts and Jobs Act, they were focused on 8,764 across the 50 states covering almost 35 million Americans. The program was designed to direct investment to regions with an average poverty rate over 32%, compared with the national average of 17%.

“We anticipate that $100 billion in private capital will be dedicated toward creating jobs and economic development in Opportunity Zones,” said US Treasury Secretary Steve Mnuchin in a press release. “This incentive will foster economic revitalization and promote sustainable economic growth, which was a major goal of the Tax Cuts and Jobs Act.”

Florida is home to 427 of these OZs and Miami-Dade houses 68 of them. “The creation of these new Opportunity Zones provides new investment opportunities for some of Miami’s economically distressed areas,” said Michael Finney, president and CEO of the Miami-Dade Beacon Council, in another press release. “This means greater consideration will be given to investing and providing jobs in areas of the county where they are needed most.”

The program works on the basis of deferral of taxes until either the property is sold or Dec. 31, 2026, whichever comes first. Investors can claim a 15% tax reduction if they invest over the entire 10-year period.

But the program is still new, and many investors are struggling to work out the best way to obtain returns. “Every real estate developer in the country is trying to figure out their Opportunity Zone strategy,” Reid Thomas, principal at NES Financial, told the Miami Herald. “Some are deciding it’s not worth the hassle, (and) that they’re not going to bother doing this kind of development.”

But those that do bet are betting big. Developer Russell Galbut closed a deal for the final piece of acreage from Northeast 29th to 32nd streets, and Northeast Second Avenue to Biscayne Boulevard. The $4.9 million purchase of 2901 Northeast Second Avenue brings Galbut’s total investment in the project to over $37 million. The site will house a major mixed-use development built by Galbut’s company Crescent Heights. It plans to build 800 residential units and use over 600,000 square feet for retail and office space.

Galbut told Miami-based real estate magazine The Real Deal that the OZ incentive was “some of the smartest legislation that has come out of Congress in a long time,” adding that his company is buying properties in all markets across the OZs.

But some investors saw the virtues in the Miami real estate market before the OZs arrived, and now there’s an added bonus to their investments. Developer BH3 invested $60 million in a retail and showroom and the space happened to be placed in one of Miami’s OZs. “The fundamentals, economics, and merits must stand on their own, whereby the tax benefits are purely an added bonus. A bad deal with good tax benefits is still a bad deal,” Greg Freedman, principal and founder of BH3, told the Miami Herald.

Although some are sceptical that the OZs will provide tangible benefits to anyone other than the investors, Neisen Kasdin, managing partner at law firm Akerman LLP, told the Miami Herald the zones are still in their infancy. “At the end of the day, these neighborhoods will benefit the most when people invest money in them,” he said. “Whether it’s a real estate development, or a capital-intensive project or businesses…You have to start with the assumption that investment in neighborhoods [that have] only seen disinvestment is a good thing.”

To learn more about our interviewees, visit their websites:

https://www.miamigov.com/Home

Healthcare Sector Rapidly Expanding in Orlando

Writer: Yolanda Rivas

2 min read October 2019 — Orlando’s population has increased rapidly over the last few years, making it one of the fastest-growing metro areas in the United States. As the city continues to grow, local healthcare organizations are immersed in numerous expansion and improvement efforts.

The region’s main health providers have been expanding their partnerships, free-standing emergency rooms (ER), specialized centers and hospitals. The Invest: team recently met with Daryl Tol, president and CEO of AdventHealth Central Florida Region, who pointed out some of the fastest-growing areas of service and care in Orlando.

“We have added quite a number of free-standing locations with doctors and emergency services in areas of need, instead of having to build a whole hospital. We are growing in our academic work around community cancer research. The cardiovascular institute is seeing high demand as well. We are also redefining our primary care model to include virtual care, which will allow patients to connect via video or text messages with their doctor,” Tol said.

AdventHealth opened the Waterford Lakes ER on Sept. 27, which is its fourth free-standing ER in the area. The hospital also announced plans to build an 18,400-square foot, 24-bed hospital-based emergency department in Port Orange for adults and children, and has the Oviedo ER set to open in the next few weeks. AdventHealth has also partnered with Moffitt Cancer Center to improve cancer care and establish a clinical research facility and chemotherapy/immunotherapy infusion program at AdventHealth Celebration.

Orlando Health is also deploying a high amount of capital in expansions and new developments. The $3.8 billion not-for-profit healthcare organization recently opened Orlando Health Emergency Room and Medical Pavilion – Lake Mary. The 25-room ER can manage a majority of emergencies, from minor trauma to broken bones. The adjacent medical pavilion will offer several specialties including, pulmonology, pediatrics, obstetrics and gynecology, urology, orthopedics, general surgery, cardiology, and cardiac rehab. The second phase of this campus is already in development with the construction of a hospital expected to begin in the spring of 2020. Orlando Health has a total of six free-standing ERs either under construction or completed in Central Florida.

The community-based network of hospitals also opened the Orlando Health UF Health Cancer Center last summer, bringing advanced cancer treatment to residents of Osceola County.

Tennessee-based healthcare provider HCA Healthcare also opened its third free-standing ER in Millenia on Sept. 18. According to an Orlando Business Journal article, HCA plans to build a 12-bed emergency department in Davenport, which is expected to open in 2020. HCA has also partnered with the University of Central Florida to build the UCF Lake Nona Medical Center, which is expected to open in the fourth quarter of 2020.

As Orlando’s population continues to rise and the healthcare sector remains highly competitive, it is expected to continue to see a high amount of healthcare-related construction and development in the region.

To learn more about our interviewees, visit:

AdventHealth: https://www.adventhealth.com/

Orlando Health: https://www.orlandohealth.com/

HCA Healthcare: https://hcahealthcare.com/

Return to Invest: Orlando

South Florida Collective Combats Gentrification in Palm Beach

James Fox, President, Maddox Group

Spotlight On: Gary Gagnon, President & CEO, Gagnon Development

Atlanta’s Entertainment Pull Buoys Hospitality Industry

Spotlight On: Asi Cymbal, President & Owner, Cymbal Developmentf

Miami BIDs Put Customer First, Profits Later

Philly Developers Quick off the Mark in OZ Race

It’s Go Big or Go Home for Miami’s OZs

Healthcare Sector Rapidly Expanding in Orlando

Recent Posts

Stay in touch with us