Movers in South Florida

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Miami Herald: "Two directors at Kaufman Rossin appointed to board of South Florida ACFE

The South Florida Chapter of the Association of Certified Fraud Examiners (ACFE) has appointed Ivan Garces and Jason Chorlins -- both directors at the firm Kaufman Rossin & Co. -- to its board of directors."

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Cap rates are rising

Cap rates could reach late-1990s levels - The Real Deal South Florida Real Estate News: "'Certain fundamentals were not really looked at over the past few years -- especially in places like Miami that don't have a lot of land. People just expected that property to increase,' said Richard Schuchts, senior vice president at Jones Lang LaSalle who has 12 years experience in the South Florida market. 'Now we're getting back to fundamentals.'

With investors unable to leverage the property the way they would have in 2005, the return on "cash investment" plummets, Schuchts said. Making the deal riskier, buyers also face the prospect of tenants not renewing leases or going bankrupt.

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