Coastal Construction Wins National Innovation Award For Using AI On Iconic Miami Projects
With Togal.AI’s award-winning technology, Coastal Construction teams cut nearly 14,000 hours of work, saving close to $1 million in their first year using it.
With Togal.AI’s award-winning technology, Coastal Construction teams cut nearly 14,000 hours of work, saving close to $1 million in their first year using it.
A study predicts 45% to 50% increases in Florida, including in inland areas — and a doubling of premiums won’t be out of the question.
Senior Managing Director Charles Foschini and Managing Director Chris Apone secured the financing on behalf of the Aventura, Florida-based developer.
The Colliers’ Real Estate Development Division – once focused on commercial buildings – is leveraging its extensive expertise in Construction Management to assist condo boards with multi-million-dollar capital improvements and renovations mandated by the Building Safety Act.
The property is comprised of 30 duplex buildings on six adjoining parcels totaling 9.61-acres of land.
The SVN Commercial Partners (SVNCP) Multifamily Team, comprised of Team Leaders Steven Paulsen, John Andrews and Junior Advisor Mason Highman, represented the seller in the sale.
Team Leader Steven Paulsen, Senior Advisor John Andrews and Junior Advisor Mason Highman, represented both the buyer and seller in the sale and purchase.
The Richman Group of Companies acquired the asset with plans to develop 396 multi-housing units within a single mid-rise building including structured parking.
“The Lake Worth submarket remained at 95% occupancy or above in 2020 and is poised for additional rent growth.”
She has been involved with hundreds of real estate transactions, representing buyers, sellers, investors and tenants in both residential and commercial real estate.
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