Miami Real Estate Investing Podcast With Peter Zalewski

In Episode 75, expert Peter Zalewski of Condo Vultures interviews Oscar Morejon - founder and president of John Bell Construction - about the state of the South Florida construction industry during the COVID-19 pandemic and the ensuing U.S. recession. Morejon also provides crucial tips for customers who are looking to hire contractors for construction projects in South Florida.  

In Segment 1, Morejon discusses growing up in Miami, starting his own business in high school and attending Florida International University to concentrate on construction management. During college, Morejon rose up from an internship to become an assistant superintendent with the general contractor Suffolk Construction, which built the Met 3 complex in Greater Downtown Miami. After that project, Morejon launched John Bell Construction.

In Segment 2, Morejon talks about the impetus to establish a construction company in response to a steady stream of inquiries from potential customers looking for a general contractor to complete residential building projects. Morejon also discusses the process for doing construction in South Florida and provides an overview about the time and cost that a construction entails.   

In Segment 3, Morejon compares and contrasts his pipeline of business before and after the COVID-19 pandemic began, and provides a projection about what the year 2021 could entail for construction in South Florida. 

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In Episode 74, Condo Vultures® podcast host Peter Zalewski discusses the latest real estate and economic news with senior reporter Brian Bandell of the South Florida Business Journal and former business reporters John Fakler and Jean Gruss, founder of Gruss Communications.  

In Segment 1, the panel discusses the following headlines:  

1. "JPMorgan Becomes First Major Bank To Say First-Quarter GDP Will Decline Because Of Covid Surge" (CNBC)  

2. "‘Panic Buying Of Toilet Paper Hits U.S. Stores Gain With New Pandemic Restrictions" (REUTERS)  

3. "Broward Schools District Warns of ‘Draconian' Budget Cuts" (The Real Deal National)  

In Segment 2, the panel discusses the following headlines:

4. "Census Survey: 51% Of Florida Homes Aren't Current On Rent or Mortgage'" (Bay News 9)  

5. "Canadian Housing Market Gets Reality Check With Drop in Sales" (Bloomberg)  

6. "Cymbal Redesigns Fort Lauderdale Apartment Project, Won't Move Raintree" (South Florida Business Journal)  

In Segment 3, the panel of Zalewski, Bandell, Gruss and Fakler make predictions about the South Florida real estate market and tricounty economy.   

In Segment 4, Fakler reads out comments submitted by listeners and the panel responds. 

To send a comment, please email the podcast at [email protected]    

Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, and CVR Realty.  Click here to subscribe to the Condo Vultures® Distressed Market Intelligent Report.

In Episode 73, expert Peter Zalewski of Condo Vultures provides an overview of the condo market for the tricounty South Florida region of Miami-Dade, Broward and Palm Beach for Q3 2020. This episode discusses condos, luxury condos, distressed condos and rentals for the first nine months of 2020 based on data compiled from the Southeast Florida MLX Matrix. 

In Segment 1, Zalewski discusses the South Florida condo market sales velocity in the first three quarters of 2020 based on a CondoVulturesRealty.com report.  The discussion include specifics about the the number of transactions, average pricing of a unit, average pricing per square foot for a unit and the number of days that the units are listed on the market. 

In Segment 2,  Zalewski discusses the South Florida luxury condo market based on a CondoVulturesRealty.com report. The discussion will include specifics about the the number of transactions, average pricing of a unit, average pricing per square foot for a unit and the number of days that the units are listed on the market. 

In Segment 3,  Zalewski discusses the South Florida distressed condo market, which is comprised of real estate owned (REO) condos as well as shortsales based on a CondoVulturesRealty.com report. The discussion will include specifics about the the number of transactions, average pricing of a unit, average pricing per square foot for a unit and the number of days that the units are listed on the market. 

In Segment 4, Zalewski discusses the South Florida rental market with specifics about leasing activity, pricing and the number of days on the market based on a CondoVulturesRealty.com report. 

To send a comment, please email the podcast at [email protected]    

Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, and CVR Realty.  Click here to subscribe to the Condo Vultures® Distressed Market Intelligent Report.

In Episode 72, expert Peter Zalewski of Condo Vultures interviews Juan Carlos "J.C." Bermudez - the current and founding mayor of Doral and a partner in the SMGQ Law firm in Coral Gables - about the future of residential development in the booming Miami suburb of Doral, a hub for foreign trade located immediately west of the Miami International Airport. Bermudez talks about the possibility of the city expanding, increased density for new developments to meet the need for residential product and an initiative to reposition a neighborhood of antiquated warehouses into an arts district on the level of the popular Wynwood neighborhood in Greater Downtown Miami.   

In Segment 1, Bermudez discusses growing up in Cuba, New York and ultimately Miami. Bermudez, who admits to being an argumentative child, attended the University of Miami for his undergraduate degree before graduating from law school at the University of Notre Dame, a major college football rival of Miami at the time.  Bermudez specializes in land-use, real estate transactions and corporate work.       

In Segment 2, Bermudez shares the challenges and opportunities that were critical to the grassroots effort to incorporate the city of Doral in 2003. Bermudez also discusses the phases of development that have and will continue to occur as Doral approaches its 20-year anniversary of its founding.      

In Segment 3, Bermudez discusses the possibility of expanding the city's boundaries, increasing density to meet the need for more residential product and attracting more art and culture to the community. Bermudez also talks about the long-term impact of the COVID-19 pandemic on zoning.    

To send a comment, please email the podcast at [email protected]    

Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, and CVR Realty.  Click here to subscribe to the Condo Vultures® Distressed Market Intelligent Report.

In Episode 69, expert Peter Zalewski of Condo Vultures interviews Amir Korangy - founder and publisher of The Real Deal - about the future of Miami's real estate brokerage industry at a time of increased pressure from the COVID-19 pandemic, high-tech companies attempting to disrupt the real estate transaction process and the increasing availability of data.

In Segment 1, Korangy discusses fleeing with his family from Iran during the Islamic Revolution and eventually settling in Washington, D.C. after unsuccessful attempts to settle in France and Spain in the early 1980s. After attending college in Boston, Korangy relocated with a high school friend to Southern California where he launched his first newspaper before selling off the publication a few years later for nearly $100,000.  

In Segment 2, Korangy talks about using the proceeds from the sale of his first publication as the seed capital to launch a second newspaper that was located, this time, in his hometown of Washington, D.C. After only a year of publishing, Korangy successfully sold off his second newspaper before deciding to join an Internet startup company in New York that would shortly thereafter be purchased by Yahoo! Korangy worked at Yahoo! for a year before shifting his focus to flipping condos and townhouses in the New York borough of Brooklyn at the onset of the current real estate renaissance.    

In Segment 3, Korangy discusses how he used the profit from a property flip in Brooklyn to print the first four magazine issues of The Real Deal in New York in 2003. Some five years later in 2008, Korangy expanded his real estate publication - that included an online presence - into the Miami market to capitalize on the New York investors who were active in South Florida real estate. During this segment, Korangy discusses how The Real Deal persevered during the Great Recession and then enjoyed the building boom of the current South Florida real estate cycle. In the second half of this segment, Korangy talks about expanding into various U.S. markets and preparing to offer a new professional service subscription in 2021. The segment ends with a discussion about how Miami's real estate brokerage industry will look after the pandemic.   

To send a comment, please email the podcast at [email protected]    

Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, and CVR Realty.  Click here to subscribe to the Condo Vultures® Distressed Market Intelligent Report.