Your search results

Blog

Terra And Related Boost Construction Loan For Park Grove

Financing totals $112.1M for the 20-story, 71-unit building One Park Grove is the third and final tower of the Park Grove Project that includes Two Park Grove and the Club Residences. One Park Grove, a 20-story, 71-unit building at 2701 Bayshore Drive, is about 50 percent presold, according to the South Florida Business Journal, which first reported the financing. Units will range from about 3,700 square …

Meet The Woman Tasked With Leasing Up Brickell City Centre’s 500K SF Of Retail

The 120 doors at Brickell City Centre are 90% leased already. Overholt is hoping to lure quality purveyors of linens, kitchen and bath items, and children’s goods. On a prior Italy trip, Overholt found the inspiration for what would become La Centrale, the center’s 40K SF food hall, which opened this year. Swire Properties Inc. had negotiated with the city to make Brickell City Centre part …

Feds Hike Threshold For Appraisals Tied To Commercial Real Estate Loans

Deals below $500k won’t require certified appraisal, instead of previous $250k limit An inter-agency group of regulators decided on Monday to raise the threshold for commercial real estate deals that need approval from a state-certified appraiser from $250,000 to $500,000. Raising the threshold “will materially reduce regulatory burden” Regulators originally proposed raising the limit to $400,000 to keep it in line with inflation.   …

This E-Commerce Giant Thinks Supermarkets And Department Stores Are The Future Of Logistics Property

Berlin-based Zalando is one of the world’s largest fashion-focused e-commerce firms, with a market capitalization of €11B and 2017 revenue of €4.4B. It sells products directly to consumers and also acts as an online platform for other retailers. “It is something the real estate sector should think about, as well as shops and residential adding multi-let industrial. The growth in online retail is one …

Slow Down Expected for CRE Market According to Experts

In February, the U.S. experienced a sharp decline in transaction volumes which was the first sign the Commercial Real Estate market was slowing down. Now a new report released by the Urban Land Institute predicts that the CRE market will slow down over the course of the next few years. The good news is the leading economists who contributed to the report are expecting …

Location: How Important Is It?

Location is a top qualification when buying real estate. It can affect the building space a company can find, its business performance, and the employees it attracts. While many companies have decided to make Miami home to their business, where in the Miami area is a more complex question that is often best answered by what type of business they are. Industrial and manufacturing …

Commercial Real Estate Sales Level Off

After six years of increases and growth, the commercial real estate market is beginning to show signs of leveling off. In February, U.S. CRE sales declined almost 47% year over year, to $25.1 billion. January saw sales reach $46.2 billion, which makes the February decline extreme. Many US markets are beginning to see activity plateau, but Miami is still seeing increases in CRE activity, including total sales. Volatility …

Industrial Activity Strong in Miami with Limited Supply

In 2015, Miami has been one of the strongest markets in the country for industrial real estate, due in large part to a land supply constraints. In Miami Dade, vacancy for this type of space was 3.4% at the end of 2015. As of January, available space declined 7.2% in January from three months prior, and square footage was down 8% year over year with …

Strong Activity in Downtown Miami Echos County Trends

In Downtown Miami, condo and retail space has seen record activity, but a new independent study commissioned by the Miami Downtown Development Authority (DDA) reports that office towers are the hottest asset class in the area. Nearly 450,000 square feet of office space has been absorbed in the past two years. Multinational companies have used Miami as their base to enter the US market …

Are CRE Prices beginning to drop?

The commercial real estate market has remained consistently strong throughout the U.S. in the past several years. Prices doubled over six years, from 2009 to 2010. Last year, in 2015, commercial property values in the U.S. rose 10% on average. The Moody’s/RCA Commercial Property Price Index reported that prices for commercial real estate in the U.S. dropped 0.3% in January, which is the first …

2016 Market Report Miami-Dade County Commercial Real Estate

Overall, the current state of the Miami-Dade County Commercial Real Estate market is very healthy. Rental rates per square foot for all regions, including North, NW/Medley, Hialeah, Central-East, Central-West, Central, Airport-West, Bird/Tam and South—all located within Miami Dade—continued to rise to just under $11 sq.ft. while vacancy rates for Class A commercial industrial buildings continued their downward trajectory to under 5 percent.

Latin America Influencing Miami’s Economic Outlook

The International Monetary Fund recently predicted that growth in Latin America will be negative in 2016. This will be the second straight year of losses in the region. With many industries in Miami intertwined with Latin American business and economics, the negative effects are being felt locally. Tourism, retail, trade, and banking are seeing decreases in activity due to the foreign economic plights. Visitors …