{"id":1605,"date":"2025-11-07T12:10:36","date_gmt":"2025-11-07T17:10:36","guid":{"rendered":"https:\/\/www.brickellsold.com\/blog\/dan-kodsi-ana-bozovic-brad-meltzer-on-miami-real-estate\/"},"modified":"2026-04-13T10:41:54","modified_gmt":"2026-04-13T14:41:54","slug":"dan-kodsi-ana-bozovic-brad-meltzer-on-miami-real-estate","status":"publish","type":"post","link":"https:\/\/www.brickellsold.com\/blog\/dan-kodsi-ana-bozovic-brad-meltzer-on-miami-real-estate\/","title":{"rendered":"Dan Kodsi Ana Bozovic: 7 Proven Miami Real Estate Market Outlook: Experts Weigh In on Bubble Theory | Brickellsold:"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.brickellsold.com\/blog\/dan-kodsi-ana-bozovic-brad-meltzer-on-miami-real-estate\/#Expert_Insights_Miami_Real_Estate_Market_Outlook\" >Expert Insights: Miami Real Estate Market Outlook<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.brickellsold.com\/blog\/dan-kodsi-ana-bozovic-brad-meltzer-on-miami-real-estate\/#Read_more\" >Read more<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.brickellsold.com\/blog\/dan-kodsi-ana-bozovic-brad-meltzer-on-miami-real-estate\/#Miami_market_relevance\" >Miami market relevance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.brickellsold.com\/blog\/dan-kodsi-ana-bozovic-brad-meltzer-on-miami-real-estate\/#Dan_Kodsi_Ana_Bozovic_What_to_Plan_Before_You_Start\" >Dan Kodsi Ana Bozovic: What to Plan Before You Start<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.brickellsold.com\/blog\/dan-kodsi-ana-bozovic-brad-meltzer-on-miami-real-estate\/#FAQ_Dan_Kodsi_Ana_Bozovic\" >FAQ: Dan Kodsi Ana Bozovic<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.brickellsold.com\/blog\/dan-kodsi-ana-bozovic-brad-meltzer-on-miami-real-estate\/#What_should_be_planned_first\" >What should be planned first?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Expert_Insights_Miami_Real_Estate_Market_Outlook\"><\/span>Expert Insights: Miami Real Estate Market Outlook<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Miami&#8217;s real estate market is facing a unique set of challenges, from high construction costs to a lack of affordable housing. We spoke with industry experts Dan Kodsi, Ana Bozovic, and Brad Meltzer to get their take on the current market outlook.<\/p>\n<div id=\"the-content\">\n<p>Real estate industry experts pushed back on the theory that a bubble is forming in <a href=\"https:\/\/www.brickellsold.com\/blog\/miami-poised-for-potential-influx-of-wealth-as-high-net-worth-new-yorkers-evaluate-relocation-optionsmiamis-luxury-real-estate-sector-is-closely-observing-developments-in-new-york-city-parti\/\">Miami<\/a> that\u2019s about to burst.<\/p>\n<p>\u201cThis market is built on cash,\u201d said market analyst Ana Bozovic, founder of Analytics <a href=\"https:\/\/www.brickellsold.com\/blog\/miami-poised-for-potential-influx-of-wealth-as-high-net-worth-new-yorkers-evaluate-relocation-optionsmiamis-luxury-real-estate-sector-is-closely-observing-developments-in-new-york-city-parti\/\">Miami<\/a>, at <em>The Real Deal\u2019<\/em>s Miami Real Estate Forum. Bozovic spoke on a panel about how developers can survive the market crunch in Miami in a conversation moderated by <em>TRD\u2019s<\/em> Editor-in-Chief Stuart Elliott.\u00a0<\/p>\n<p>Bozovic said a UBS report that named Miami as the most vulnerable city to a bubble was an \u201cegregious misrepresentation of truth\u201d because it\u2019s such a heavy cash market.\u00a0<\/p>\n<p>\u201cUsually when assets collapse, it\u2019s because there\u2019s a collapse. The bubble pops when the underlying assets can no longer sustain the debt, and it all goes away, kind of like a flammable house of cards,\u201d she said. \u201cWe don\u2019t have this setup.\u201d\u00a0<\/p>\n<p>Dan Kodsi, CEO of Royal Palm Companies, said Miami isn\u2019t overbuilt like it was in 2008.\u00a0<\/p>\n<p>\u201cThe issue is we\u2019re building product that\u2019s expensive, and because of construction costs, when you\u2019re building high-rise especially, you have to sell it at a very high price per foot,\u201d Kodsi said.\u00a0<\/p>\n<p>The lack of affordable housing is pushing locals to markets like Orlando, Kodsi added.\u00a0<\/p>\n<p>\u201cEvery part of Florida, you\u2019re seeing grow,\u201d he said.\u00a0<\/p>\n<p>The panelists also address the expected wave of migration of New Yorkers to South Florida following Zohran Mamdani winning the mayoral race in New York.<\/p>\n<p>\u201cI think the expectation that you\u2019re going to see something immediately, like, the press keeps kind of glorifying like, \u2018oh, tomorrow, there\u2019s gonna be a million people moving here,\u2019\u201d said fellow speaker Brad Meltzer, president of Two Roads Development. \u201cThat\u2019s not going to happen, but it\u2019s going to happen after a matter of time. Some people have families. They have kids. You don\u2019t just pick up and move tomorrow, but the investigation process is going to start to happen.\u201d\u00a0<\/p>\n<p>Kodsi and Meltzer both suggested resolutions ahead for separate projects they\u2019re involved in that are tied up in litigation.\u00a0<\/p>\n<p>For Two Roads, the Florida Supreme Court recently denied the developer a request for a rehearing in a condo buyout case involving the Biscayne 21 building in Miami\u2019s Edgewater, effectively ending the developer\u2019s legal options. The group of holdout owners, who Meltzer called \u201ca little bit greedy,\u201d successfully challenged the developer\u2019s amendment to lower the condo termination requirement once it had control over the association.\u00a0<\/p>\n<p>Meltzer insisted the Edition Residences project that\u2019s planned for the site \u201cwill happen.\u201d\u00a0<\/p>\n<p>\u201cIt\u2019ll take a little bit more time,\u201d he said. \u201cThere\u2019s been discussions behind the scenes with that, but it\u2019ll get resolved. It has to resolve itself. When something is valuable enough, parties have to compromise like anything else in life, and there\u2019ll be a compromise that takes place, and everybody will feel that they can get a good deal, and we\u2019ll move on.\u201d<\/p>\n<p>Kodsi is tied up in a foreclosure lawsuit over the Legacy Hotel &amp; Residences project at Miami Worldcenter. He told the court in July he is working on a $390 million refinancing for the project.<\/p>\n<p>A court order bans Kodsi from talking about the lawsuit, but he said it\u2019s \u201con a path for starting construction again.\u201d\u00a0<\/p>\n<p>\u201cThat ugly dumpling, let\u2019s say, is going to be a beautiful swan when she\u2019s built, a great project,\u201d Kodsi said.\u00a0<\/p>\n<section class=\"ReadMoreSection_root\">\n<h4 class=\"ReadMoreSection_title\"><span class=\"ez-toc-section\" id=\"Read_more\"><\/span>Read more<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<article class=\"BlogrollPost_container\">\n<figure class=\"BlogrollPost_image FeaturedImage\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/figure>\n<div class=\"BlogrollPost_content\">\n<div class=\"BlogrollPost_heading\">\n<div class=\"MarketSectorLabel_categoryCityLabelWrapper\">\n<p>\n\t\t\t\t\t\t\t\t\tResidential\t\t\t\t\t\t\t\t<\/p>\n<p>\n\t\t\t\t\t\t\t\t\tSouth Florida\t\t\t\t\t\t\t\t<\/p>\n<\/p>\n<\/div>\n<\/div>\n<p>\u201cWe love paying commissions\u201d: Top developers talk branding, building and deals in a saturated market\u00a0<\/p>\n<\/p>\n<\/div>\n<\/article>\n<article class=\"BlogrollPost_container\">\n<figure class=\"BlogrollPost_image FeaturedImage\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"200\" height=\"133\" src=\"https:\/\/static.therealdeal.com\/wp-content\/uploads\/2025\/11\/REALDEALMIAMI2025_1105_113732-6128_ALIVE-200x133.jpg\" class=\"FeaturedImage_image wp-post-image\" alt=\"Sam Nazarian\" loading=\"lazy\" title=\"\">\t\t\t\t\t\t\t\t\t\t\t<\/figure>\n<div class=\"BlogrollPost_content\">\n<p>\u201cYou can\u2019t go backwards\u201d: Sam Nazarian says Miami reaches top echelons of real estate, but growing pains linger\u00a0<\/p>\n<\/p>\n<\/div>\n<\/article>\n<\/section>\n<\/div>\n<p>{&#8220;props&#8221;:{&#8220;pageProps&#8221;:{&#8220;hamburgerMenu&#8221;:[{&#8220;url&#8221;:null,&#8221;label&#8221;:&#8221;News&#8221;,&#8221;external&#8221;:false,&#8221;childItems&#8221;:{&#8220;nodes&#8221;:[{&#8220;label&#8221;:&#8221;All Markets&#8221;,&#8221;url&#8221;:&#8221;\/latest\/&#8221;,&#8221;external&#8221;:false,&#8221;childItems&#8221;:{&#8220;nodes&#8221;:[{&#8220;label&#8221;:&#8221;San Francisco&#8221;,&#8221;url&#8221;:&#8221;\/san-francisco\/&#8221;,&#8221;external&#8221;:false,&#8221;__typename&#8221;:&#8221;MenuItem&#8221;},{&#8220;label&#8221;:&#8221;New York&#8221;,&#8221;url&#8221;:&#8221;https:\/\/therealdeal.com\/new-york\/&#8221;,&#8221;external&#8221;:false,&#8221;__typename&#8221;:&#8221;MenuItem&#8221;},{&#8220;label&#8221;:&#8221;South 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var(&#8211;wp&#8211;preset&#8211;font-size&#8211;x-large) !important;}&#8221;,&#8221;type&#8221;:&#8221;list&#8221;,&#8221;__typename&#8221;:&#8221;StyleItem&#8221;}],&#8221;post&#8221;:{&#8220;id&#8221;:&#8221;cG9zdDo5OTkyOTM=&#8221;,&#8221;databaseId&#8221;:999293,&#8221;title&#8221;:&#8221;\u201cBuilt on cash\u201d: How developers survive the squeeze in Miami&#8221;,&#8221;status&#8221;:&#8221;publish&#8221;,&#8221;slug&#8221;:&#8221;dan-kodsi-ana-bozovic-brad-meltzer-on-miami-real-estate&#8221;,&#8221;uri&#8221;:&#8221;\/miami\/2025\/11\/07\/dan-kodsi-ana-bozovic-brad-meltzer-on-miami-real-estate\/&#8221;,&#8221;link&#8221;:&#8221;https:\/\/therealdeal.com\/miami\/2025\/11\/07\/dan-kodsi-ana-bozovic-brad-meltzer-on-miami-real-estate\/&#8221;,&#8221;dateGmt&#8221;:&#8221;2025-11-07T15:30:00&#8243;,&#8221;contentTypeName&#8221;:&#8221;post&#8221;,&#8221;contentFiltered&#8221;:&#8221;u003cpu003eReal estate industry experts pushed back on the theory that a bubble is forming in Miami that\u2019s about to burst.u003c\/pu003enu003cpu003e\u201cThis market is built on cash,\u201d said market analyst Ana Bozovic, founder of Analytics Miami, at u003cemu003eThe Real Deal\u2019u003c\/emu003es Miami Real Estate Forum. Bozovic spoke on a panel about how developers can survive the market crunch in Miami in a conversation moderated by u003cemu003eTRD\u2019su003c\/emu003e Editor-in-Chief Stuart Elliott.u0026nbsp;u003c\/pu003enu003cpu003eBozovic said a UBS report that named Miami as the most vulnerable city u003ca href=&#8221;\/miami\/2025\/06\/13\/condo-crisis-older-inventory-hitting-sofla-housing-market\/&#8221;u003eto a bubbleu003c\/au003e was an \u201cegregious misrepresentation of truth\u201d because it\u2019s such a heavy cash market.u0026nbsp;u003c\/pu003enu003cpu003e\u201cUsually when assets collapse, itu0026#8217;s because thereu0026#8217;s a collapse. The bubble pops when the underlying assets can no longer sustain the debt, and it all goes away, kind of like a flammable house of cards,\u201d she said. \u201cWe donu0026#8217;t have this setup.\u201du0026nbsp;u003c\/pu003enu003cpu003eDan Kodsi, CEO of Royal Palm Companies, said Miami isn\u2019t overbuilt like it was in 2008.u0026nbsp;u003c\/pu003enu003cpu003e\u201cThe issue is weu0026#8217;re building product thatu0026#8217;s expensive, and because of construction costs, when youu0026#8217;re building high-rise especially, you have to sell it at a very high price per foot,\u201d Kodsi said.u0026nbsp;u003c\/pu003enu003cpu003eThe lack of affordable housing is pushing locals to markets like Orlando, Kodsi added.u0026nbsp;u003c\/pu003enu003cpu003e\u201cEvery part of Florida, youu0026#8217;re seeing grow,\u201d he said.u0026nbsp;u003c\/pu003enu003cpu003eThe panelists also address the u003ca href=&#8221;\/new-york\/2025\/11\/05\/nyc-resi-players-dismiss-fears-over-zohran-mamdanis-victory\/&#8221;u003eexpected wave of migrationu003c\/au003e of New Yorkers to South Florida following Zohran Mamdani winning the mayoral race in New York.u003c\/pu003enu003csection id=&#8221;trd-gallery-block_ebe8b4b580975d139daa67c4d76309db&#8221; class=&#8221;trd-gallery&#8221;u003eu003cdiv class=&#8221;trd-gallery-slides&#8221;u003eu003cfigure class=&#8221;wp-block-image size-full&#8221;u003eu003cimg loading=&#8221;lazy&#8221; decoding=&#8221;async&#8221; width=&#8221;1500&#8243; height=&#8221;1000&#8243; src=&#8221;https:\/\/static.therealdeal.com\/wp-content\/uploads\/2025\/11\/Surviving-Squeeze_Panel_Blogroll.jpg&#8221; alt=&#8221;Royal Palm Companies u0026amp; Participant Capital&#8217;s Dan Kodsi&#8221; class=&#8221;wp-image-999193&#8243; srcset=&#8221;https:\/\/static.therealdeal.com\/wp-content\/uploads\/2025\/11\/Surviving-Squeeze_Panel_Blogroll.jpg 1500w, https:\/\/static.therealdeal.com\/wp-content\/uploads\/2025\/11\/Surviving-Squeeze_Panel_Blogroll-300&#215;200.jpg 300w, https:\/\/static.therealdeal.com\/wp-content\/uploads\/2025\/11\/Surviving-Squeeze_Panel_Blogroll-700&#215;467.jpg 700w, https:\/\/static.therealdeal.com\/wp-content\/uploads\/2025\/11\/Surviving-Squeeze_Panel_Blogroll-200&#215;133.jpg 200w, https:\/\/static.therealdeal.com\/wp-content\/uploads\/2025\/11\/Surviving-Squeeze_Panel_Blogroll-768&#215;512.jpg 768w, https:\/\/static.therealdeal.com\/wp-content\/uploads\/2025\/11\/Surviving-Squeeze_Panel_Blogroll-1024&#215;683.jpg 1024w, https:\/\/static.therealdeal.com\/wp-content\/uploads\/2025\/11\/Surviving-Squeeze_Panel_Blogroll-1400&#215;933.jpg 1400w, https:\/\/static.therealdeal.com\/wp-content\/uploads\/2025\/11\/Surviving-Squeeze_Panel_Blogroll-50&#215;33.jpg 50w&#8221; sizes=&#8221;auto, (max-width: 1500px) 100vw, 1500px&#8221; \/u003eu003cfigcaption class=&#8221;wp-element-caption&#8221;u003eRoyal Palm Companies u0026#038; Participant Capitalu0026#8217;s Dan Kodsi (Photos By Alive Coverage)u003c\/figcaptionu003eu003c\/figureu003eu003cfigure class=&#8221;wp-block-image size-full&#8221;u003eu003cimg loading=&#8221;lazy&#8221; decoding=&#8221;async&#8221; width=&#8221;1500&#8243; height=&#8221;1000&#8243; src=&#8221;https:\/\/static.therealdeal.com\/wp-content\/uploads\/2025\/11\/MIA_Brad-Meltzer_Panel.jpg&#8221; alt=&#8221;&#8221; class=&#8221;wp-image-999200&#8243; srcset=&#8221;https:\/\/static.therealdeal.com\/wp-content\/uploads\/2025\/11\/MIA_Brad-Meltzer_Panel.jpg 1500w, https:\/\/static.therealdeal.com\/wp-content\/uploads\/2025\/11\/MIA_Brad-Meltzer_Panel-300&#215;200.jpg 300w, https:\/\/static.therealdeal.com\/wp-content\/uploads\/2025\/11\/MIA_Brad-Meltzer_Panel-700&#215;467.jpg 700w, https:\/\/static.therealdeal.com\/wp-content\/uploads\/2025\/11\/MIA_Brad-Meltzer_Panel-200&#215;133.jpg 200w, https:\/\/static.therealdeal.com\/wp-content\/uploads\/2025\/11\/MIA_Brad-Meltzer_Panel-768&#215;512.jpg 768w, https:\/\/static.therealdeal.com\/wp-content\/uploads\/2025\/11\/MIA_Brad-Meltzer_Panel-1024&#215;683.jpg 1024w, https:\/\/static.therealdeal.com\/wp-content\/uploads\/2025\/11\/MIA_Brad-Meltzer_Panel-1400&#215;933.jpg 1400w, https:\/\/static.therealdeal.com\/wp-content\/uploads\/2025\/11\/MIA_Brad-Meltzer_Panel-50&#215;33.jpg 50w&#8221; sizes=&#8221;auto, (max-width: 1500px) 100vw, 1500px&#8221; \/u003eu003cfigcaption class=&#8221;wp-element-caption&#8221;u003eTwo Roads Developmentu0026#8217;s Brad Meltzer (Photos By Alive Coverage)u003c\/figcaptionu003eu003c\/figureu003eu003cfigure class=&#8221;wp-block-image size-full&#8221;u003eu003cimg loading=&#8221;lazy&#8221; decoding=&#8221;async&#8221; width=&#8221;1500&#8243; height=&#8221;1000&#8243; src=&#8221;https:\/\/static.therealdeal.com\/wp-content\/uploads\/2025\/11\/MIA_Ana-Bozovic_Panel.jpg&#8221; alt=&#8221;Analytics Miami&#8217;s Ana Bozovic&#8221; class=&#8221;wp-image-999196&#8243; srcset=&#8221;https:\/\/static.therealdeal.com\/wp-content\/uploads\/2025\/11\/MIA_Ana-Bozovic_Panel.jpg 1500w, https:\/\/static.therealdeal.com\/wp-content\/uploads\/2025\/11\/MIA_Ana-Bozovic_Panel-300&#215;200.jpg 300w, https:\/\/static.therealdeal.com\/wp-content\/uploads\/2025\/11\/MIA_Ana-Bozovic_Panel-700&#215;467.jpg 700w, https:\/\/static.therealdeal.com\/wp-content\/uploads\/2025\/11\/MIA_Ana-Bozovic_Panel-200&#215;133.jpg 200w, https:\/\/static.therealdeal.com\/wp-content\/uploads\/2025\/11\/MIA_Ana-Bozovic_Panel-768&#215;512.jpg 768w, https:\/\/static.therealdeal.com\/wp-content\/uploads\/2025\/11\/MIA_Ana-Bozovic_Panel-1024&#215;683.jpg 1024w, https:\/\/static.therealdeal.com\/wp-content\/uploads\/2025\/11\/MIA_Ana-Bozovic_Panel-1400&#215;933.jpg 1400w, https:\/\/static.therealdeal.com\/wp-content\/uploads\/2025\/11\/MIA_Ana-Bozovic_Panel-50&#215;33.jpg 50w&#8221; sizes=&#8221;auto, (max-width: 1500px) 100vw, 1500px&#8221; \/u003eu003cfigcaption class=&#8221;wp-element-caption&#8221;u003eAnalytics Miamiu0026#8217;s Ana Bozovic (Photos By Alive Coverage)u003c\/figcaptionu003eu003c\/figureu003eu003cfigure class=&#8221;wp-block-image size-full&#8221;u003eu003cimg loading=&#8221;lazy&#8221; decoding=&#8221;async&#8221; width=&#8221;1500&#8243; height=&#8221;1000&#8243; src=&#8221;https:\/\/static.therealdeal.com\/wp-content\/uploads\/2025\/11\/Surviving-Squeeze_Panel_Main.jpg&#8221; alt=&#8221;TRD&#8217;s Stuart Elliott, Two Roads Development&#8217;s Brad Meltzer, Analytics Miami&#8217;s Ana Bozovic and Royal Palm Companies u0026amp; Participant Capital&#8217;s Dan Kodsi&#8221; class=&#8221;wp-image-999192&#8243; srcset=&#8221;https:\/\/static.therealdeal.com\/wp-content\/uploads\/2025\/11\/Surviving-Squeeze_Panel_Main.jpg 1500w, https:\/\/static.therealdeal.com\/wp-content\/uploads\/2025\/11\/Surviving-Squeeze_Panel_Main-300&#215;200.jpg 300w, https:\/\/static.therealdeal.com\/wp-content\/uploads\/2025\/11\/Surviving-Squeeze_Panel_Main-700&#215;467.jpg 700w, https:\/\/static.therealdeal.com\/wp-content\/uploads\/2025\/11\/Surviving-Squeeze_Panel_Main-200&#215;133.jpg 200w, https:\/\/static.therealdeal.com\/wp-content\/uploads\/2025\/11\/Surviving-Squeeze_Panel_Main-768&#215;512.jpg 768w, https:\/\/static.therealdeal.com\/wp-content\/uploads\/2025\/11\/Surviving-Squeeze_Panel_Main-1024&#215;683.jpg 1024w, https:\/\/static.therealdeal.com\/wp-content\/uploads\/2025\/11\/Surviving-Squeeze_Panel_Main-1400&#215;933.jpg 1400w, https:\/\/static.therealdeal.com\/wp-content\/uploads\/2025\/11\/Surviving-Squeeze_Panel_Main-50&#215;33.jpg 50w&#8221; sizes=&#8221;auto, (max-width: 1500px) 100vw, 1500px&#8221; \/u003eu003cfigcaption class=&#8221;wp-element-caption&#8221;u003eTRDu0026#8217;s Stuart Elliott, Two Roads Developmentu0026#8217;s Brad Meltzer, Analytics Miamiu0026#8217;s Ana Bozovic and Royal Palm Companies u0026#038; Participant Capitalu0026#8217;s Dan Kodsi (Photos By Alive Coverage)u003c\/figcaptionu003eu003c\/figureu003eu003c\/divu003eu003c\/sectionu003eu003cpu003e\u201cI think the expectation that youu0026#8217;re going to see something immediately, like, the press keeps kind of glorifying like, \u2018oh, tomorrow, thereu0026#8217;s gonna be a million people moving here,\u2019\u201d said fellow speaker Brad Meltzer, president of Two Roads Development. \u201cThatu0026#8217;s not going to happen, but itu0026#8217;s going to happen after a matter of time. Some people have families. They have kids. You donu0026#8217;t just pick up and move tomorrow, but the investigation process is going to start to happen.\u201du0026nbsp;u003c\/pu003enu003cpu003eKodsi and Meltzer both suggested resolutions ahead for separate projects they\u2019re involved in that are tied up in litigation.u0026nbsp;u003c\/pu003enu003cpu003eFor Two Roads, the Florida Supreme Court u003ca href=&#8221;\/miami\/2025\/10\/16\/fl-supreme-court-denies-two-roads-rehearing-in-buyout-case\/&#8221;u003erecently denied the developeru003c\/au003e a request for a rehearing in a condo buyout case involving the Biscayne 21 building in Miami\u2019s Edgewater, effectively ending the developeru0026#8217;s legal options. The group of holdout owners, who Meltzer called \u201ca little bit greedy,\u201d successfully challenged the developeru0026#8217;s amendment to lower the condo termination requirement once it had control over the association.u0026nbsp;u003c\/pu003enu003cpu003eMeltzer insisted the Edition Residences project that\u2019s planned for the site \u201cwill happen.\u201du0026nbsp;u003c\/pu003enu003cpu003e\u201cIt\u2019ll take a little bit more time,\u201d he said. \u201cThereu0026#8217;s been discussions behind the scenes with that, but itu0026#8217;ll get resolved. It has to resolve itself. When something is valuable enough, parties have to compromise like anything else in life, and thereu0026#8217;ll be a compromise that takes place, and everybody will feel that they can get a good deal, and weu0026#8217;ll move on.\u201du003c\/pu003enu003cpu003eKodsi is tied up in a u003ca href=&#8221;\/miami\/2025\/10\/01\/kodsi-misses-deadline-in-legacy-miami-worldcenter-foreclosure\/&#8221;u003eforeclosure lawsuitu003c\/au003e over the Legacy Hotel u0026amp; Residences project at Miami Worldcenter. He told the court in July he is working on a $390 million refinancing for the project.u003c\/pu003enu003cpu003eA court order bans Kodsi from talking about the lawsuit, but he said it\u2019s \u201con a path for starting construction again.\u201du0026nbsp;u003c\/pu003enu003cpu003e\u201cThat ugly dumpling, letu0026#8217;s say, is going to be a beautiful swan when sheu0026#8217;s built, a great project,\u201d Kodsi said.u0026nbsp;u003c\/pu003enu003csection class=&#8221;ReadMoreSection_root&#8221;u003entu003ch4 class=&#8221;ReadMoreSection_title&#8221;u003eRead moreu003c\/h4u003enttttttttu003ca class=&#8221;BlogrollPost&#8221; href=&#8221;\/miami\/2025\/11\/05\/miami-devs-talk-branding-building-in-a-saturated-market\/&#8221;u003enttttu003carticle class=&#8221;BlogrollPost_container&#8221;u003entttttu003cfigure class=&#8221;BlogrollPost_image FeaturedImage&#8221;u003entttttttttttttu003cimg decoding=&#8221;async&#8221; width=&#8221;200&#8243; height=&#8221;125&#8243; src=&#8221;https:\/\/static.therealdeal.com\/wp-content\/uploads\/2025\/11\/MIA-22We-love-paying-commissions22-Top-developers-talk-branding-building-and-deals-in-a-saturated-market-FEATUREIMG-200&#215;125.jpg&#8221; class=&#8221;FeaturedImage_image wp-post-image&#8221; alt=&#8221;&#8221; loading=&#8221;lazy&#8221; \/u003etttttttttttu003c\/figureu003entttttu003cdiv class=&#8221;BlogrollPost_content&#8221;u003enttttttu003cdiv class=&#8221;BlogrollPost_heading&#8221;u003entttttttu003cdiv class=&#8221;MarketSectorLabel_categoryCityLabelWrapper&#8221;u003enttttttttttttttttu003cdiv class=&#8221;MarketSectorLabel_sectorLabel&#8221;u003entttttttttResidentialttttttttu003c\/divu003enttttttttttttttttttttttttu003cdiv class=&#8221;MarketSectorLabel_marketLabel&#8221;u003entttttttttSouth Floridattttttttu003c\/divu003entttttttttttttttu003c\/divu003enttttttu003c\/divu003enttttttu003cdiv class=&#8221;BlogrollPost_title&#8221;u003e\u201cWe love paying commissions\u201d: Top developers talk branding, building and deals in a saturated market\u00a0u003c\/divu003entttttu003c\/divu003enttttu003c\/articleu003entttu003c\/au003enttttttu003ca class=&#8221;BlogrollPost&#8221; href=&#8221;\/miami\/2025\/11\/05\/sam-nazarian-speaks-at-the-real-deal-miami-real-estate-forum\/&#8221;u003enttttu003carticle class=&#8221;BlogrollPost_container&#8221;u003entttttu003cfigure class=&#8221;BlogrollPost_image FeaturedImage&#8221;u003entttttttttttttu003cimg decoding=&#8221;async&#8221; width=&#8221;200&#8243; height=&#8221;133&#8243; src=&#8221;https:\/\/static.therealdeal.com\/wp-content\/uploads\/2025\/11\/REALDEALMIAMI2025_1105_113732-6128_ALIVE-200&#215;133.jpg&#8221; class=&#8221;FeaturedImage_image wp-post-image&#8221; alt=&#8221;Sam Nazarian&#8221; loading=&#8221;lazy&#8221; \/u003etttttttttttu003c\/figureu003entttttu003cdiv class=&#8221;BlogrollPost_content&#8221;u003enttttttu003cdiv class=&#8221;BlogrollPost_heading&#8221;u003entttttttu003cdiv class=&#8221;MarketSectorLabel_categoryCityLabelWrapper&#8221;u003enttttttttttttttttu003cdiv class=&#8221;MarketSectorLabel_sectorLabel&#8221;u003entttttttttCommercialttttttttu003c\/divu003enttttttttttttttttttttttttu003cdiv class=&#8221;MarketSectorLabel_marketLabel&#8221;u003entttttttttSouth Floridattttttttu003c\/divu003entttttttttttttttu003c\/divu003enttttttu003c\/divu003enttttttu003cdiv class=&#8221;BlogrollPost_title&#8221;u003e\u201cYou can\u2019t go backwards\u201d: Sam Nazarian says Miami reaches top echelons of real estate, but growing pains linger\u00a0u003c\/divu003entttttu003c\/divu003enttttu003c\/articleu003entttu003c\/au003enttttu003c\/sectionu003enntt&#8221;,&#8221;noAds&#8221;:false,&#8221;alternativeHeadline&#8221;:{&#8220;subheadline&#8221;:&#8221;Dan Kodsi, Brad Meltzer addressed collapse fears, projects tied up in litigation&#8221;,&#8221;__typename&#8221;:&#8221;AlternativeHeadline&#8221;},&#8221;updatedPost&#8221;:{&#8220;updated&#8221;:false,&#8221;date&#8221;:&#8221;2025-11-07T15:37:00+00:00&#8243;,&#8221;__typename&#8221;:&#8221;UpdatedPost&#8221;},&#8221;aiSummary&#8221;:{&#8220;summary&#8221;:&#8221;u003cpu003eu003c!&#8211; wp:list &#8211;u003eu003c\/pu003ernu003cul class=&#8221;wp-block-list&#8221;u003eu003c!&#8211; wp:list-item &#8211;u003ernu003cliu003eReal estate experts pushed back on the theory of a Miami bubble, arguing that the market is &#8220;built on cash&#8221; and not subject to a debt-fueled collapse like in 2008.u003c\/liu003ernu003c!&#8211; \/wp:list-item &#8211;u003ernrnu003c!&#8211; wp:list-item &#8211;u003ernu003cliu003eA key concern raised was the lack of affordable housing, which is pushing local residents toward other growing Florida markets such as Orlando.u003c\/liu003ernu003c!&#8211; \/wp:list-item &#8211;u003ernrnu003c!&#8211; wp:list-item &#8211;u003ernu003cliu003eDevelopers Dan Kodsi and Brad Meltzer both addressed separate projects tied up in litigation (Legacy Hotel u0026amp; Residences and Edition Residences), insisting they would ultimately be resolved and built.u003c\/liu003ernu003c!&#8211; \/wp:list-item &#8211;u003eu003c\/ulu003ernu003cpu003eu003c!&#8211; \/wp:list 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Bozovic&#8221;,&#8221;mediaDetails&#8221;:{&#8220;sizes&#8221;:[{&#8220;width&#8221;:&#8221;1400&#8243;,&#8221;height&#8221;:&#8221;933&#8243;,&#8221;__typename&#8221;:&#8221;MediaSize&#8221;}],&#8221;__typename&#8221;:&#8221;MediaDetails&#8221;},&#8221;__typename&#8221;:&#8221;MediaItem&#8221;},&#8221;__typename&#8221;:&#8221;NodeWithFeaturedImageToMediaItemConnectionEdge&#8221;},&#8221;__typename&#8221;:&#8221;Post&#8221;,&#8221;template&#8221;:{&#8220;templateValue&#8221;:&#8221;right-rail&#8221;,&#8221;__typename&#8221;:&#8221;DefaultTemplate&#8221;},&#8221;seo&#8221;:{&#8220;title&#8221;:&#8221;Dan Kodsi, Ana Bozovic, Brad Meltzer on Miami Real Estate&#8221;,&#8221;fullHead&#8221;:&#8221;u003c!&#8211; This site is optimized with the Yoast SEO Premium plugin v26.0 (Yoast SEO v26.1.1) &#8211; https:\/\/yoast.com\/wordpress\/plugins\/seo\/ &#8211;u003enu003cmeta name=&#8221;description&#8221; content=&#8221;Real estate industry experts pushed back on the theory that a bubble in Miami is about to burst at The Real Deal\u2019s Miami Forum.\u00a0&#8221; \/u003enu003cmeta name=&#8221;robots&#8221; content=&#8221;index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1&#8243; \/u003enu003clink rel=&#8221;canonical&#8221; href=&#8221;https:\/\/therealdeal.com\/miami\/2025\/11\/07\/dan-kodsi-ana-bozovic-brad-meltzer-on-miami-real-estate\/&#8221; \/u003enu003cmeta property=&#8221;og:locale&#8221; content=&#8221;en_US&#8221; \/u003enu003cmeta property=&#8221;og:type&#8221; content=&#8221;article&#8221; \/u003enu003cmeta property=&#8221;og:title&#8221; content=&#8221;\u201cBuilt on cash\u201d: How developers survive the squeeze in Miami&#8221; \/u003enu003cmeta property=&#8221;og:description&#8221; content=&#8221;Real estate industry experts pushed back on the theory that a bubble in Miami is about to burst at The Real Deal\u2019s Miami Forum.\u00a0&#8221; \/u003enu003cmeta property=&#8221;og:url&#8221; content=&#8221;https:\/\/therealdeal.com\/miami\/2025\/11\/07\/dan-kodsi-ana-bozovic-brad-meltzer-on-miami-real-estate\/&#8221; \/u003enu003cmeta property=&#8221;og:site_name&#8221; content=&#8221;The Real Deal&#8221; \/u003enu003cmeta property=&#8221;article:publisher&#8221; content=&#8221;https:\/\/www.facebook.com\/therealdealmedia\/&#8221; \/u003enu003cmeta property=&#8221;article:published_time&#8221; content=&#8221;2025-11-07T15:30:00+00:00&#8243; \/u003enu003cmeta property=&#8221;og:image&#8221; content=&#8221;https:\/\/static.therealdeal.com\/wp-content\/uploads\/2025\/11\/MIA_Ana-Bozovic_Panel.jpg&#8221; \/u003entu003cmeta property=&#8221;og:image:width&#8221; content=&#8221;1500&#8243; \/u003entu003cmeta property=&#8221;og:image:height&#8221; content=&#8221;1000&#8243; \/u003entu003cmeta property=&#8221;og:image:type&#8221; content=&#8221;image\/jpeg&#8221; \/u003enu003cmeta name=&#8221;author&#8221; content=&#8221;Katherine Kallergis&#8221; \/u003enu003cmeta name=&#8221;twitter:card&#8221; content=&#8221;summary_large_image&#8221; \/u003enu003cmeta name=&#8221;twitter:description&#8221; content=&#8221;Real estate industry experts pushed back on the theory that a bubble is forming in Miami that\u2019s about to burst. \u201cThis market is built on cash,\u201d said market analyst Ana Bozovic, founder of Analytics Miami, at The Real Deal\u2019s Miami Real Estate Forum. Bozovic spoke on a panel about how developers can survive the market crunch in Miami in a conversation moderated by TRD\u2019s Editor-in-Chief Stuart Elliott.u0026nbsp; Bozovic said a UBS report that named Miami as the most vulnerable city to a bubble was an \u201cegregious misrepresentation of truth\u201d because it\u2019s such a heavy cash market.u0026nbsp; \u201cUsually when assets collapse, [u0026hellip;]&#8221; \/u003enu003cmeta name=&#8221;twitter:creator&#8221; content=&#8221;@trdny&#8221; \/u003enu003cmeta name=&#8221;twitter:site&#8221; content=&#8221;@trdny&#8221; \/u003enu003cmeta name=&#8221;twitter:label1&#8243; content=&#8221;Written by&#8221; \/u003entu003cmeta name=&#8221;twitter:data1&#8243; content=&#8221;Steven Dilakian&#8221; \/u003entu003cmeta name=&#8221;twitter:label2&#8243; content=&#8221;Est. reading time&#8221; \/u003entu003cmeta name=&#8221;twitter:data2&#8243; content=&#8221;4 minutes&#8221; \/u003enu003cscript type=&#8221;application\/ld+json&#8221; class=&#8221;yoast-schema-graph&#8221;u003e{&#8220;@context&#8221;:&#8221;https:\/\/schema.org&#8221;,&#8221;@graph&#8221;:[{&#8220;@type&#8221;:&#8221;NewsArticle&#8221;,&#8221;@id&#8221;:&#8221;https:\/\/therealdeal.com\/miami\/2025\/11\/07\/dan-kodsi-ana-bozovic-brad-meltzer-on-miami-real-estate\/#article&#8221;,&#8221;isPartOf&#8221;:{&#8220;@id&#8221;:&#8221;https:\/\/therealdeal.com\/miami\/2025\/11\/07\/dan-kodsi-ana-bozovic-brad-meltzer-on-miami-real-estate\/&#8221;},&#8221;author&#8221;:[{&#8220;@type&#8221;:&#8221;Person&#8221;,&#8221;@id&#8221;:&#8221;https:\/\/therealdeal.com\/#\/schema\/person\/2ec87f8cf2214bd77d8b7913c476cf43&#8243;,&#8221;name&#8221;:&#8221;Katherine Kallergis&#8221;,&#8221;image&#8221;:{&#8220;@type&#8221;:&#8221;ImageObject&#8221;,&#8221;url&#8221;:&#8221;https:\/\/secure.gravatar.com\/avatar\/c2c25fd6c44919923b90a57ca205e61f043ea5fe246acf98f17af994b2103337?s=96u0026#038;d=mmu0026#038;r=g&#8221;},&#8221;description&#8221;:&#8221;Katherine Kallergis is residential bureau chief and a senior reporter at The Real Deal. 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class=\"ez-toc-section\" id=\"Miami_market_relevance\"><\/span>Miami market relevance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>If this topic impacts buyers or sellers, the most useful context is what is happening locally. Track current pricing, inventory, and days on market in Miami, and compare active listings by building or neighborhood before making decisions.<\/p>\n<p><a href=\"https:\/\/www.brickellsold.com\/brickell-miami-fl-real-estate\">Browse current Miami listings<\/a> or <a href=\"https:\/\/brickellsold.com\/en\/tools\/book-call\">request a tailored report<\/a>.<\/p>\n<p>According to Dan Kodsi, CEO of Royal Palm Companies, the issue is that developers are building product that&#8217;s expensive, and because of construction costs, when you&#8217;re building high-rise, you have to sell it at a very high price per foot. This is pushing locals to markets like Orlando, Kodsi added.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Dan_Kodsi_Ana_Bozovic_What_to_Plan_Before_You_Start\"><\/span>Dan Kodsi Ana Bozovic: What to Plan Before You Start<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h2><span class=\"ez-toc-section\" id=\"FAQ_Dan_Kodsi_Ana_Bozovic\"><\/span>FAQ: Dan Kodsi Ana Bozovic<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_should_be_planned_first\"><\/span>What should be planned first?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Start with the goal, audience, and deliverables so the final content and media support the same outcome.<\/p>\n<p><strong>Need help implementing this workflow?<\/strong> Contact Miami Real Estate Insights &amp; Market Trends to plan a practical content and media process.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dan Kodsi Ana Bozovic: 7 Proven Miami Real Estate Market Outlook: Experts Weigh In on Bubble Theory | Brickellsold:: Expert Insights: Miami Real Estate Market O<\/p>\n","protected":false},"author":1,"featured_media":1606,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rank_math_title":"7 Proven Dan Kodsi Ana Bozovic Mistakes to Avoid","rank_math_description":"Expert Insights: Miami Real Estate Market Outlook Miami's real estate market is facing a unique set of challenges, from high construction costs to a lack of","rank_math_focus_keyword":"Dan Kodsi Ana Bozovic","rank_math_canonical_url":"https:\/\/www.brickellsold.com\/blog\/dan-kodsi-ana-bozovic-brad-meltzer-on-miami-real-estate\/","rank_math_robots":"index,follow","footnotes":""},"categories":[1720],"tags":[4489,4490,4488,4486,70,4487,4479,4478],"class_list":["post-1605","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brickell-real-estate-market","tag-ana-bozovic","tag-brad-meltzer","tag-dan-kodsi","tag-dan-kodsi-ana-bozovic","tag-miami-real-estate","tag-real-estate-market-outlook","tag-real-estate-photography-tips","tag-toronto-real-estate-photography"],"_links":{"self":[{"href":"https:\/\/www.brickellsold.com\/blog\/wp-json\/wp\/v2\/posts\/1605","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.brickellsold.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.brickellsold.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.brickellsold.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.brickellsold.com\/blog\/wp-json\/wp\/v2\/comments?post=1605"}],"version-history":[{"count":4,"href":"https:\/\/www.brickellsold.com\/blog\/wp-json\/wp\/v2\/posts\/1605\/revisions"}],"predecessor-version":[{"id":4232,"href":"https:\/\/www.brickellsold.com\/blog\/wp-json\/wp\/v2\/posts\/1605\/revisions\/4232"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brickellsold.com\/blog\/wp-json\/wp\/v2\/media\/1606"}],"wp:attachment":[{"href":"https:\/\/www.brickellsold.com\/blog\/wp-json\/wp\/v2\/media?parent=1605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brickellsold.com\/blog\/wp-json\/wp\/v2\/categories?post=1605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brickellsold.com\/blog\/wp-json\/wp\/v2\/tags?post=1605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}