Elaine L. Chao, nominee for the head of the Department of Transportation as chosen by President-elect Donald Trump, will be drawing on her federal and private-sector work experience to help lead Trump’s proposed decade-long $1 trillion infrastructure plan. According to the Engineering News-Record, while details on this plan have yet to be announced, Chao’s role will be crucial.
The Orlando-based estate development group Tavistock Development Co. has bought the Hyatt Regency Pier Sixty-Six hotel and marina in Fort Lauderdale. According to the Sun Sentinel, the property was purchased for $165 million.
ISG Principal Craig Studnicky addressed the many facets of the South Florida preconstruction condo market. Studnicky cited challenges that included the increasing supply of preconstruction condos and a lack of buyer’s urgency, according to The Real Deal.
Donald Trump’s presidential victory has given economists a reason to take another look at the construction market forecasts, according to the ENR Mountain States.
John Mica, former House Transportation Committee chairman, may be the dedicated, loyal, experienced professional the president-elect is looking for, according to the Orlando Sentinel.
The purchase of Equity One, a retail REIT based in North Miami Beach and New York, by Jacksonville-based Regency Centers Corp., will create $15.6 billion in market capitalization for one entity, according to the South Florida Business Journal.
With President-Elect Donald Trump on his way to the Oval Office, the construction industry is beginning to guess at what new regulatory policies will take shape after the shift in leadership.
‘They used me,’ developer claims, after $32 million Brickell land deal goes bad.