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175 SW 7th Street, Suite 2205 Miami, FL 33130

CIASF Event | May 3, 2018

BGI Capital

Disruptors & The Future of the South Florida Office Market
Hosted by WeWork

BGI Capital’s Robert Barthelmess attended this CIASF event who put on another great forum on the State of the Office market in South Florida. Robert’s biggest take away was that business as usual in this segment no longer prevails. WeWork which is probably the largest disruptor in the market and is becoming an important leasing tenant in Miami and all over the country.  Investors and developers in Class A office spaces are having to provide more onsite amenities like gyms, outdoor areas and gathering spaces.

Who is CIASF

The CIASF was founded as the Industrial Association of Dade County (IADC) in 1980 as an organization of business leaders involved in development, design, construction, sales, and the leasing of industrial warehouses and commercial properties in South Florida.  In 2006, the organization changed its name to CIASF to reflect it’s desire to better serve both the commercial and industrial segments of the market.  With over 275 members, CIASF is a marketplace leader for South Florida’s top commercial real estate professionals, affiliates, and service providers; and an advocate for the industry.

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Biltmore Parc Developer Scores Condo Inventory Loan For Unsold Units
Closed Transactions

Biltmore Parc developer scores condo inventory loan for unsold units

Coral Gables developer Alirio Torrealba closed on a condo inventory loan for unsold units at Biltmore Parc. Torrealba’s MG Developer secured a $7.75 million loan from BGI Capital, according to a press release. The financing comes as MG Developer hired One Sotheby’s International Realty to take over remaining sales of its Coral Gables developments, including 11 condos at Biltmore Parc. Fortune International Realty previously handled sales for MG Developer.
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