Pebb Capital

With Florida retailers expecting a 3% increase in holiday sales over 2023, the season is shaping up to be one of the most successful in recent years. Florida Trend Media Company reports shoppers are projected to spend an average of $902 per person on gifts, decorations and holiday essentials, with popular items ranging from gift cards and clothing to toys and books. While more than half of shoppers are expected to add to cart online, the rise in holiday spending presents further opportunity for brick-and-mortar storefronts across the state's burgeoning retail sector. Read more about the season's retail predictions below:

Pebb Capital is proud to support the future generation of real estate leaders. This fall semester, managing principal Todd Rosenberg served as a juror for the University of Miami MRED+U program, where talented students presented their final presentations for review. The firm looks forward to seeing these individuals' continued success and the impact they will have on the industry. 📸: @umiamimredu on Instagram

Adaptive reuse's assent is here to stay. From Manhattan to Miami, developers are meeting the demands for modern work and living experiences by revitalizing property icons and historic sites. According to GlobeSt.com, SL Green Realty Corp. has secured a $1.25 billion loan modification for its One Madison Avenue project. With more than 65 percent of the property now leased, featuring tenants like Coinbase, Palo Alto Networks, and IBM, the project is setting a new standard for modern office spaces. By repurposing older buildings for contemporary use, industry players are meeting the demands of today’s tenants, who increasingly seek flexible, high-end spaces with integrated amenities. One Madison Avenue is a prime example of this approach, providing column-free spaces, modern finishes, and dining options like the newly opened La Tête d’Or steakhouse. As CRE continues to evolve, adaptive reuse offers a sustainable solution to underutilized properties -- an example mirrored miles away with the momentum of our firm's Sundy Village, where historic homes are driving the interest of new-to-market brands. Read more on GlobeSt.com.

This New York staple is brewing its way through the Sunshine State with a new location in the heart of City of Fort Lauderdale's evolving urban core. Pebb Capital is thrilled to welcome Ludlow Coffee Supply to 110 East, set to open in spring 2025. This Lower East Side favorite will offer much more than a kick of caffeine. The 2,000-square-foot lounge-style space will feature a meticulously curated coffee selection, including single-origin roasts sourced directly from local Brooklyn providers, alongside bites, wine and beer after 5pm. Ludlow Coffee Supply is also introducing a dynamic element to the city with special guest DJs, live music and other creative performances. This unique approach is designed to complement the tenant experience at 110 East while also enticing the neighborhood. "Ludlow Coffee Supply is thrilled to bring our unique coffee culture to Fort Lauderdale. At 110 East, we’re creating a space where exceptional coffee meets community, complemented by great food, curated events and a welcoming vibe. We look forward to becoming a destination that inspires connection and creativity for locals and visitors alike," said John Seymour. 📸: @ludlowcoffeesupply on Instagram

As highlighted by Bisnow, creating amenity-rich office spaces is critical to attracting workers back in an era of hybrid work. Features such as wellness rooms, rooftop terraces and cutting-edge technology — like temperature and lighting preferences or heat mapping for neurodiverse employees — are reshaping workplaces into destinations employees want to utilize, not feel obligated to. These thoughtful details, paired with walkable locations and supportive workplace cultures, reflect a hospitality-forward mindset that has a measurable impact on occupancy and rent prices. Successful office spaces now further prioritize holistic balance, personalization and community-driven design, transforming traditional environments into vibrant hubs of activity. Pebb Capital shares this commitment and is at the forefront of designing workplaces that meet the evolving demands of today’s career life. All the details below:

South Florida’s retail market continues to thrive, with grocery-anchored shopping centers leading the charge, as reported by The Real Deal. Low vacancy rates under 4% and steady asking rents have attracted significant interest from institutional investors, local players and grocery chains like Publix Super Markets. Across Miami-Dade, Broward and Palm Beach counties, leasing activity and major acquisitions highlight the region’s strength as a retail hub. While grocery-anchored centers dominate the market, other key transactions reflect the broader momentum. Pebb Capital’s acquisition of 256,653 square-foot mixed-use complex The Press in West Palm Beach is one such example, showcasing the firm’s commitment to revitalizing commercial spaces that contribute to a dynamic retail landscape. For more insights, read the full story here:

Meet Meghan Duggins, Accounting Specialist at Pebb Capital. Since joining the firm in 2017 as an accounts payable specialist, Meghan has contributed to streamlining financial processes with precision. Before Pebb, she spent 8 years at Angus Energy, where she advanced from the operations and trading department into accounting, gaining valuable experience in energy hedging and accounts payable. Meghan holds a BS in Business Administration from the University of South Carolina, where she developed the foundation for her career. Her commitment to excellence continues to support Pebb Capital’s growth. Learn more about Meghan and the team: bit.ly/4g1JsC8

The South Florida Business Journal reports that City of Fort Lauderdale is working to raise its profile as a corporate destination, aiming to attract major tenants and compete with City of Miami and City of West Palm Beach, FL Although Fort Lauderdale hasn’t seen the same influx of high-profile financial firms, the city's office market is growing steadily, supported by its affordable office spaces, expanding downtown population and headquarter relocations like ABA Centers of America. Pebb Capital’s 110 East Broward exemplifies this trend, with leasing activity continuing to rise as companies recognize the advantages of the central location and high-value office offerings, fostering a dynamic business environment and drawing a broader range of companies to South Florida. Read more below:

U.S. consumer spending has demonstrated continued strength beyond the summer, with recent data revealing a 0.4% rise in retail and dining sales — exceeding previous growth rates and surpassing economist expectations. Dining, hospitality and apparel sectors have especially benefited, underscoring sustained consumer confidence that bolsters the broader economy, even amid recent uncertainties. This resilience signals a positive outlook for commercial real estate, particularly in retail and mixed-use developments where tenant stability and demand align closely with consumer trends. Find out more from The Wall Street Journal:

South Florida’s office market may be cooling, but some major deals are still making waves. As noted by the South Florida Business Journal, DigitalBridge secured 79,141 square feet of office space at Pebb Capital’s Sundy Village in Delray Beach for its new headquarters, accommodating more than 300 employees. This lease underscores the continued demand for strategically located, amenity-rich office spaces even in evolving markets. Read more below: