Cervera Real Estate Expansion Highlights Recovering Florida Economy
Cervera Real Estate, a South Florida luxury condominium realtor, has just added five new locations across Florida to its current network of five offices.
By Jessica Fiur, Online New Editor
Miami—Cervera Real Estate, a South Florida luxury condominium realtor, has just added five new locations across Florida to its current network of five offices. These offices include two in Miami, as well as one in South Beach, Hallandale (Broward County) and West Palm Beach (Palm Beach County). This expansion is part of a multimillion-dollar investment to strategically broaden its reach, according to Cervera.
To help with the expansion, Cervera has announced that Alicia Cervera Lamadrid will become the company’s managing partner, where she will run the general real estate efforts of all the Cervera offices. Veronica Cervera Goeseke will continue her role of chief executive officer. And Alicia Cervera Sr. remains as chairman and founder.
This rapid expansion, due in part to foreign markets, is good news for Florida real estate, especially in light of the recessionary economy.
“In South Florida, and especially here in Miami-Dade County, we have a unique situation in that we have tremendous foreign appeal to foreign markets,” Lamadrid tells MHN. “Europeans and South Americans have a longstanding love affair with Miami-Dade. Our economy is, in many ways, fueled by these economies. Our lower prices, coupled with a weak dollar, make Miami financially attractive too.”
“This unprecedented absorption of inventory is also resulting in a run on any available land for development,” she adds. “Projects that were approved and sitting on the sideline and now preparing to go to market.”
