Rewind: Michael T. Fay Tom Wood and Jacques Bessoudo Discuss COVID-19 Impact On Commercial Real Estate in South Florida Webinar
On April 3, 2020, PROFILEmiami hosted a webinar conversation around the impact that COVID-19 has, and will have, on the commercial real estate industry in South Florida. If you missed us live, or just want to revisit some of the insight our panelists had to offer, we have now posted the full webinar for you to sit back and rewind!
On April 3, 2020, PROFILEmiami hosted a webinar conversation with over 350 viewers on the impact that COVID-19 has, and will have, on the commercial real estate industry in South Florida. If you missed us live, or just want to revisit some of the insight our panelists had to offer, we have now posted the full webinar for you to sit back and rewind! Hear from some of Florida's leading real estate professionals about how they are reacting to the crisis, navigating the uncertain circumstances and preparing for future opportunities that may arise from the economic fallout.
Speakers:
Michael T. Fay, Principal and Managing Director, Avison Young
Jacques Bessoudo, Managing Partner, Galium Capital
Thomas D. Wood, President, Thomas D. Wood & Company
Moderator: Demetri Demascus, Co-Founder & CEO, PROFILEmiami
Topics:
What effects have we seen on valuations, leasing and sales velocity, construction, availability of capital, and tenants in the South Florida real estate market so far?
As a landlord, how are you managing your tenants right now?
In the face of negativity there is always opportunity. Where do you think we will see opportunity open up?
What is the current state of financing - are deals falling out of contract? Bank vs. non-bank sources of capital - who’s willing to lend?
How are you working with your teams remotely?
How is the current economic crisis due to COVID-19 different from that of 2008?
How will different types of lenders and loan products give different flexibility to the borrowers?
What advise do you have for those that currently have financing on their properties?
What is loan forbearance and how is it handled?
Join Us For a Webinar: COVID-19 Impact On Commercial Real Estate in South Florida
PROFILEmiami presents a conversation around the impact that COVID-19 has, and will have, on the commercial real estate industry in South Florida. Hear first hand from some of Florida's leading real estate professionals about how they are reacting to the crisis, navigating the uncertain circumstances and preparing for future opportunities that may arise from the economic fallout.
Webinar Link: https://us04web.zoom.us/webinar/register/6215856217249/WN_obbwfc2LROmhcaJkQMedVg
PROFILEmiami presents a conversation around the impact that COVID-19 has, and will have, on the commercial real estate industry in South Florida. Hear first hand from some of Florida's leading real estate professionals about how they are reacting to the crisis, navigating the uncertain circumstances and preparing for future opportunities that may arise from the economic fallout.
Where: Once you register, Zoom will send you a link to the webinar.
When: Friday, April 3, 2020 | 3-4 PM
Speakers:
Michael T. Fay, Principal and Managing Director, Avison Young
Jacques Bessoudo, Managing Partner, Galium Capital
Thomas D. Wood, President, Thomas D. Wood & Company
Topics:
What effects have we seen on valuations, leasing and sales velocity, construction, availability of capital, and tenants in the South Florida real estate market so far?
As a landlord, how are you managing your tenants right now?
In the face of negativity there is always opportunity. Where do you think we will see opportunity open up?
What is the current state of financing - are deals falling out of contract? Bank vs. non-bank sources of capital - who’s willing to lend?
How are you working with your teams remotely?
Can’t tune in live? Sign up below now and we will share a recording after the webinar.
Webinar Link: https://us04web.zoom.us/webinar/register/6215856217249/WN_obbwfc2LROmhcaJkQMedVg
Thomas D. Wood & Company Funds $42 Million For Windward Marina Group's Acquisition Of 3 Northeast Florida Marinas
Windward Marina Group has closed on the acquisition of three marinas in the Northeast Florida market with $42,000,000 in mortgage loan financings arranged by Thomas D. Wood and Company. Thomas D. Wood Jr. secured financing in the amount of $11,000,000 for the acquisition of St. Augustine Shipyard.
Windward Marina Group has closed on the acquisition of three marinas in the Northeast Florida market with $42,000,000 in mortgage loan financings arranged by Thomas D. Wood and Company. Thomas D. Wood Jr. secured financing in the amount of $11,000,000 for the acquisition of St. Augustine Shipyard. The Shipyard is located at 117 Dockside Drive in St. Augustine, Florida with significant frontage along the San Sebastian River. It is a Category 4, dry storage barn and marina with 22 acres of developable land. The marina can accommodate up to 297 vessels and there are plans are to expand the wet slips and develop the 22 acres with single and multi-family housing units. Financing was provided by CenterState Bank. Wood also secured the refinancing for St. Augustine Marine Center in the amount of $12,000,000. St. Augustine Marine Center is a full-service marine center and boat storage yard located at 404 Riberia Street in St Augustine, Florida. The property is situated on a 28.64-acre site with 97,508 SF of office and warehouse space, with 2,200 linear feet of dockage and excess land to store boats. The financing was also provided by CenterState Bank.
The third acquisition Wood secured financing in the amount of $19,000,000 for the acquisition of Beach Marine, located at 2315 Beach Boulevard, Jacksonville Beach, Florida. The marina is comprised of a 257-space dry storage barn, 239 wet slips, and 34,538 SF of commercial space on over 130 acres of land. The Jacksonville Marina financing was provided by a New York Investment Bank.
Ytech has unveiled 75 Broadway in Brickell: a 52-story collection of 106 homes from $3 million, designed by KPF with ACPV interiors and Enea landscapes. Completion is anticipated in late 2029.