Collier and Krasnow Restructuring

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South Florida operations for Colliers International Group just got some heavy help with the addition of Ken Krasnow, former leader of the highest-volume commercial real estate brokerage in South Florida. Since being a part of Colliers, Krasnow states that he is striving to make Colliers’ brokerage “one of the region’s heavyweights.”

Krasnow also shared his thoughts on the commercial real estate market. He suggests, “cap rates are going to trend slightly higher” although, he also states that “operating performance continues to improve across most product types, so that offsets a little of the interest rate calculation.” He goes on to point out that the interest rate impact will not be too meaningful. There have been a lot of new large retail projects being developed in South Florida, and Krasnow sees this is a good “blend of projects. Certain projects are focusing on the luxury or high-end market, and others are more mid-tier.” Because the demand for both of these types of projects is still high, new developments are popping up all across South Florida. Krasnow also goes on to state that the market is beginning to stabilize a bit when it comes to the multifamily construction boom.

A number of projects are currently being considered or worked on down in the South Florida area. Some of these large projects include the UM Life Science & Tech Park with a $112.1 million expansion, a 345 unit Dania Beach apartment tower, a Jockey Club condo/hotel, an apartment tower across from Gulfstream Park in Hallandale Beach, and a 43,882 square foot Rail Car repair facility. 

Click here for the full article from South Florida Business Journal, or click here for more Front Street news...

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Virginia MacKoul

Virginia is a graduate from the University of Florida's College of Design Construction and Planning with a degree in Sustainability and the Built Environment, and a minor in Urban Regional Planning. Virginia joined the Front Street team in 2011, as an intern. Upon graduation, Virginia joined the Front Street team full-time as the Director of Client Services. Ms. MacKoul’s addition furthers Front Street’s continued growth and expansion within Gainesville and other North Central Florida markets. She was promoted to Director of Marketing in 2014 and now manages the firm’s team of interns and oversees all marketing and branding activity. Virginia was born in Boston and moved to Lee County, Florida in 1997. Virginia graduated her high school's International Baccalaureate program and started at the University of Florida with a focus on Architecture. Virginia shares Front Street's passion of giving back to the community and those in need. Virginia's hobbies include photography, cooking, football, movies, music, and spending time with her dog, Brinkley.

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