Yes, the real estate recession has been enormous, and parts of South Florida Commercial Real Estate have been particularly hard hit.
That's why, as Commercial Real Estate Brokers in South Florida we need to celebrate all of the small victories against Foreclosure.
We were very happy to read in the South Florida Business Journal that Causeway Square in Miami is no longer in foreclosure, and that the Management Company has struck a deal with their lender.
We are seeing growth, and a slowdown in foreclosures in the entire South Florida Area. Our hat's off to Irwin for pulling out of foreclosure!
http://www.bizjournals.com/southflorida/news/2013/10/25/downtown-miami-land-loses-6m.html?page=all
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