Savvy CRE investors are finding ways to capitalize on the space left vacant by big-box retailers that were unable to compete with e-commerce. From Toys “R” US to Winn-Dixie Supermarket, national retailers are closing stores around the country. The soon-to-be vacated stores could bring much needed retail space to the market, according to a recent […]
CoStar Editor Paul Owers reports that office investment sales and the cumulative value across South Florida plunged during the first quarter of 2018, but real estate observers say the numbers aren’t as ominous as they appear. Palm Beach, Broward and Miami-Dade counties posted 123 sales from January through March for a total value of $442.7 […]
NAIOP’s 2018 Economic Impacts of Commercial Real Estate helps identify where the shiny spots are when it comes to non-residential new construction. To CRE investors this information serves as a good indicator of where future CRE growth is expected to occur. According to NAIOP, the value of nonresidential building construction continued its positive trend in […]
On Feb. 27, CRE Sources wrote about an industrial property I just listed for $10 million in the area of the proposed $1 billion Magic City Project in Miami’s Little River. Magic City is promising to transform a section north of downtown Miami prime for redevelopment. Some property owners are already putting their properties on the market to […]
A recent Marcus & Millichap report underlines the factors that are fueling demand for commercial space, especially office. These factors are poised to speed up the volume of CRE deals, which has been decreasing in recent months. Following the up-and-down of the stock market, many real estate investors took a pause to assess their risks […]