Deconstruct
Gil Dezer on Luxury Development, Financing and the South Florida Boom (Plus His Love For Cars)
Mar 4, 2024
Gil Dezer discusses his success in building branded condos in South Florida, including the Porsche Design Tower and Armani Residences. He shares insights on pre-sales at the upcoming Bentley Tower, construction loans, and his confidence in South Florida. Dezer also talks about his love for luxury cars, including recent additions to his collection.
24:57
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Quick takeaways
- Adapting to rising costs is crucial in real estate, with buyers accepting new pricing structures.
- Buyer commitment and substantial deposits are essential for securing financing in real estate projects.
Deep dives
Current Challenges in Real Estate Development
Real estate developer Gil Dessert discusses the challenges in the current real estate market, highlighting how costs have increased significantly, impacting selling prices. He emphasizes the importance of adapting to the changing market dynamics and how buyers are accepting the new pricing structures. Dessert points out the impact of rising labor and material costs on development projects, illustrating the need for developers to adjust to these market shifts.
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