The Miami real estate market is on fire! After last month’s news of a vacant lot overlooking the Miami River selling for an astonishing $100 million an acre, there are now reports of retail buildings on Miami Beach’s Lincoln Road selling for $342 million. This transaction is one of the highest priced deals in South Florida history, second to the 2008 purchase of a 50 percent share in the Fontainebleau Miami Beach.
The Miami market is rebounding nicely since the economic downfall. This is a sign of good things to come.
WSH Partner Joseph Hernandez was recently named the firm’s Real Estate Practice Group chair. With more than 25 years’ experience in the real estate industry, Joe has seen Miami’s highs and lows when it comes to the real estate market, and can handle the challenges for a variety of clients.
Hernandez and the Real Estate Group represent local governments as well as private investors, developers and lenders in all aspects of real estate transactions.
