Pebb Capital

07/01/2022

: continues its takeover of Miami's Financial District with plans for the second phase of Brickell City Center; One Brickell City Center --- to be the tallest commercial building in the state, if built.

The firm will partner with to construct 1.6 million SF of 'Class A' office with 360-degree views of the ocean, Miami River and Downtown Miami. The height is expected to rise to 1,049 feet and groundbreaking is scheduled for 2023.

Source:

07/01/2022

Swire Properties has revealed the plans for the second phase of Brickell City Center; One Brickell City Center --- to be the tallest commercial building in the state, if built.

The firm will partner with Related Companies to construct 1.6 million SF of 'Class A' office with 360-degree views of the ocean, Miami River and Downtown Miami. The height is expected to rise to 1,049 feet and groundbreaking is scheduled for 2023.

Miami has been a hot spot for corporate relocations and expansion during the pandemic, especially among technology and financial companies. The forecast remains bright for Sunshine State.

Office spaces would take up the majority of the 1,000-foot skyscraper.

06/30/2022

Pebb Capital Managing Principal & Co-Founder Todd Rosenberg spoke at 's "The Future of Office" panel at the annual event. Along with the likes of Related Companies, 13th Floor Investments, Integra and Colliers at the table, the discussion touched on the arm race for amenities, in-office technology, bridging the gap between office and hospitality concepts, and repositioning tired office assets to stay competitive.

06/30/2022

Pebb Capital Managing Principal & Co-Founder Todd Rosenberg spoke on ’s "The Future of Office" panel at the annual event. Along with the likes of Related Companies, 13th Floor Investments, Integra and Colliers at the table, the discussion touched on the arm race for amenities, in-office technology, bridging the gap between office and hospitality concepts, and repositioning tired office assets to stay competitive.

06/28/2022

One of the nation's largest multifamily developers, , is launching a flex space warehouse in the Coconut Creek community, west of Florida's Turnpike.

The flex space project is estimated to be worth $34 million and would support 852 direct job opportunities as South Florida is experiencing a surge of companies moving to the area.

06/28/2022

One of the nation's largest multifamily developers, Greystar, is launching a flex space warehouse in the Coconut Creek community, west of Florida's Turnpike.

“This development will further the city’s vision of a substantial economic base within the community and will enhance the city’s tax revenues,” the developer stated in the application.

The flex space project is estimated to be worth $34 million and would support 852 direct job opportunities as South Florida is experiencing a surge of companies moving to the area.

The developer is best known for apartments but it recently launched an industrial division.

06/27/2022

New York City's office market is reaching pre-pandemic conditions, with occupancy topping off at 40% for the first time since March 2020. Nationally, average occupancy is 44%.

This rise is in part thanks to companies implementing stricter in-person policies, with large companies such as Citicorp leading the charge.

As of June 1, average asking rents of $65 a square foot represented a decline of 30% from the $90 being demanded in 2019.

Read more in the story below.

Data tracking entries into private office buildings showed a 5% bump in who’s showing up in person for work, a notable boost from the previous week.

06/24/2022

: West Palm Beach is set to welcome a new mixed-use development in the South End neighborhood.

By Flagler Realty, the project is planned to have 210 high-end apartments and a notable retail tenant on the ground floor.

In Q1, Palm Beach County's vacancy rate landed below 1%, showcasing the continued demand and absorption of multifamily product, especially in mixed-use environments that draw dynamic consumer experiences.



Read more about this new in the story below.

A "popular grocery chain based in Lakeland" is expected to be part of the project. Publix fits that description.

06/23/2022

Out with the old, and in with the new.

More employees are looking at office space to promote an exciting post-pandemic workplace experience. This is resulting in a flight to quality, both for tenants and landlords aiming to capitalize on the return to the office.

In response, we will continue to see more office perks ranging from on-site childcare and dry cleaning to full food halls, with fresh concepts beyond the expected.

Read more on this shift in the workplace by Commercial Observer

The pandemic has brought unexpected challenges. Learn how the pandemic has shifted the desire for amenity spaces.

06/06/2022

The pandemic has created new demand for office product that supports live-work-play.

Big banks like J.P. Morgan are setting workplace trends with reimagined concepts that incorporate wellness amenities. For example, the firm's new Manhattan headquarters will include fitness areas, yoga rooms, and meditation spaces.

Pebb Capital is paving the way in Miami Beach with a project that capitalizes on this demand, in addition to new offerings, such as an exclusive membership, several food and beverage options and more. |

06/03/2022

The island of Palm Beach, typically known for its wealthy, older crowd, has seen a pandemic renaissance, leading younger generations to take root.

This mass migration of new talent will ignite fresh opportunities for businesses in the area. Take Palm Beach's retail sector for example. It's booming, leading to pre-pandemic level increases in foot traffic at properties like The Royal Poinciana Plaza, which supports regional demand for more play, while residential and office spaces are just around the corner.

Read more in the Bloomberg article linked below. |

https://bloom.bg/3DWQ1ny

Image: New York Social Diary PB

06/01/2022

South Florida saw a 183% increase in commercial property acquisitions from 2020 to 2021, with transactions showing no signs of slowing in 2022.

Florida’s business-friendly environment and superior quality of life have sparked a cultural migration, and institutional investors are taking notice of this shift.

The industrial, multi-family, office and retail sectors are all experiencing heightened property sales as South Florida continually proves to be a prime location for investment. |