Rich forever? Why top developers, brokers are still all in Miami despite risks, challenges

The easy days of developing in Miami are over, but that’s not stopping most developers and brokers from pushing forward with skyline-defining projects, and expanding outside of the region.  Land scarcity and construction costs are among the headwinds forcing developers to be more disciplined, even as private lenders such as Tyko Capital infuse billions of dollars worth of debt into the market. Concerns around affordability have only gotten worse, and infrastructure improvements are needed. Those were among the takeaways at The Real Deal’s Miami Real Estate Forum, an annual two-day conference and showcase held at the Mana Wynwood Convention Center […]

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