Grover Corlew recently hosted the 2025 NAIOP South Florida Economic Outlook Program at its Hillsboro Center office complex in Deerfield Beach, where the leading South Florida real estate investment management group highlighted its newly renovated office spaces, spec suites and plans for the upcoming 360-unit Mayla Hillsboro luxury multifamily community.
The event, held in collaboration with NAIOP South Florida, brought together economists, commercial real estate leaders and industry professionals to discuss the economic forecast for 2025.
Sophia Kearney-Lederman, economist at First Horizon (FHN Financial), shared insights on key economic trends and gave attendees a deeper understanding of current market dynamics while touching on important topics such as the Federal Reserve’s cautious stance on rate cuts, the continuing challenges of high inflation and the strength of South Florida’s consumer spending.
The panelists explored issues in real estate, such as the ongoing tightness in the housing market due to a low inventory of homes, the shifting landscape of office space utilization and the high demand for industrial real estate. Panel participants included Mark Corlew of Grover Corlew, Sebastian Juncadella of Fairchild Partners, Brian Sudduth of Miller Construction and Tom O’Loughlin of CBRE, who each provided valuable perspectives on how businesses are adjusting to today’s economic environment, from supply chain issues to the evolving needs of office tenants.
“As we look ahead to 2025, we’re excited to continue contributing to the growth of our region, with new projects including Mayla Hillsboro playing an important role in addressing housing demand,” said Corlew. “This economic outlook was a great opportunity to connect with industry leaders and share our vision for our plans in Deerfield Beach and beyond.”
Grover Corlew is scheduled to break ground on Mayla Hillsboro in 2027 and has plans for the Hillsboro Center office complex including significant upgrades to nearby public streets, parks, traffic signals and intersections, public plazas on the site as well as a new spine road through the master-planned development to provide better access to the properties. Grover Corlew has already invested more than $10 million in interior renovations at Hillsboro Center’s 600 and 700 Hillsboro Boulevard buildings.
For more information about Grover Corlew and its upcoming projects, please visit www.grovercorlew.com.
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About Grover Corlew
Real estate veterans with a proven track record of more than 100 years of combined industry experience lead Grover Corlew in acquiring, transforming and managing office, multifamily and retail properties across the southeastern U.S., with a focus on Florida. The Grover Corlew team has developed, owned and managed 10,000+ units and more than 10 million sq. ft. of commercial space, taking a personalized approach to investor and tenant relationships, which has attracted corporate headquarters to Grover Corlew signature buildings. The company is actively developing new projects that will continue to help revitalize and stimulate local communities.
