Partner Keith Poliakoff Quoted in Business Journal Article on Office Developers

Partner Keith Poliakoff Quoted in Business Journal Article on Office Developers

(Fort Lauderdale, FL - 2015-08-25)

In the August 21 issue of the South Florida Business Journal, Arnstein & Lehr Fort Lauderdale partner Keith Poliakoff was quoted in the cover article, “Office building developers finally see an opportunity in South Florida.”

The article discusses how office developers appear to be stepping up as the job growth and real estate industry continue to boom, but also explains the challenges. Mr. Poliakoff provides insight on the preleasing conundrum, which is a major reason there has not been more stand-alone office development. Banks require a certain number of preleases before loans are granted and he says, “the lack of financing for office has left many commercial sites vacant. Developers are striving to rezone them for apartments because banks are eager to lend to them.”