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Florida finally hiring above its weight class

Looking at other factor besides the unemployment rate may show a different ‘job growth’ picture within Florida. Read this article to see a different take on Florida’s economy.

Florida’s December jobs report was far short of an A, but at least the Sunshine State is now gaining jobs at a faster rate. Its scores No. 6 on hiring performance versus other states.

Florida’s Unemployment Rate Falls to 9.9%

With Florida’s unemployment rate dropping to single digits, will confidence in the economy continue to build? Read more about the economic recovery in Florida in this article.

Florida’s unemployment rate dropped to 9.9 percent in December, the first time the rate has fallen below 10 percent in more than two and a half years.

Banks Plan to Increase CRE Allocations in 2012, But Risk Remains a Watchword

Slowing banks are becoming more confident in the commercial real estate market. Find out more about the types of deals that are getting done and how banks are helping.

In what appears to be a sign of things to come, U.S. Bank recently closed on an $18 million construction loan for NoBe Bay, a 98-unit waterfront condominium project.

Lakeland Electric “Flip The Switch” Ceremony


Read more about the completion of the first phase of a new solar farm that not only is helping conserve energy, but also assisting the economy.

Lakeland Electric recently completed the first phase of a 5.5 megawatt (MW) solar farm located on the northwest corner of the Lakeland Linder Regional Airport property.

Sperry Van Ness International RETIRED CEO Brokers MILLION BOOKS FOR KIDS to end book poverty in Portland in 2012

RealEstateRama

Sperry Van Ness International, a national commercial real estate brokerage franchisor, today announced the launch of the “Million Books for Kids” project. One million books are being donated by Better World Books in 2012 to promote literacy among low-income children by providing books to the 100,000 kids with no books to read in their home.

The Year Ahead – 2012

As we look forward to a new year, I am pleased to share my thoughts on the very memorable 12 months past, and to offer my outlook for the commercial real estate market in 2012. Before I do, I would be remiss if I did not thank the Sperry Van Ness clients, Advisors, staff, and fellow brokers for their contributions in driving us forward in spite of the unpredictable times. I know that I speak for all SVN Advisors and staff when I wish you a prosperous New Year.

Developers look to revive stretch of New River in Fort Lauderdale

Will two new projects in Ft. Lauderdale attract the tenants needed to revive the New River district? Read more to find out.

Paul Owers | Sun Sentinel

Two recent deals for properties in distress along the New River are expected to help renew a key stretch of downtown Fort Lauderdale, although the developers face challenges, an expert says.

4 Signs that Florida’s Economy Should Improve in 2012

As the commercial real estate market starts to warm up, other signs of the improving economy are validated as well. The year end flurry of deal activity of SVN Florida advisors around the state show that investors and users are now sensing that the “best time to buy or lease is NOW” . Prices and lease rates may be headed back up again.

Donna Gehrke-White | Sun Sentinel

The Sunshine State’s economy should further rebound in 2012, with South Florida outperforming what turned out to be a disappointing 2011, several indicators show.

Unimpeded by Legacy Distress, Healthier Banks Making CRE Loans

Will 2012 bring access to more commercial real estate loans? Economist, Dr. Chandan, discusses the effects of legacy distress on the market.

Dr. Sam Chandan | GlobeSt.com

As reported in our most recent Bank Default and Lending Report, the combined default rate on banks’ commercial and multifamily mortgage loans fell to 3.75 percent in the third quarter of 2011.

Medley business park to create 6,000 jobs

Will the new year mean more jobs for the Miami-Dade area? Read more about the plans for a new business park that could bring 6,000 jobs.

Oscar Pedro Musibay | South Florida Business Journal

Liberty Property Trust company’s proposed 1.6 million-square-foot business park, to be called Miami International Tradeport, will add $135 million in value to Miami-Dade County’s tax base, generate 4,000 construction jobs, and 2,000 full-time jobs upon completion in five to seven years.

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