Miami Gardens, which incorporated only 15 years ago, has had recent success in attracting major developers to invest millions into the young city. The municipality was established in 2003, has a population of nearly 115,000 residents and a crime rate that is higher than 79 percent of Florida’s cities and towns of all sizes, according […]
Commercial real estate investors came into 2018 riding a high following approval of the Tax Cuts & Jobs Act. Yet the latest NREI/Marcus & Millichap Investor Sentiment Survey shows that the bound in positive sentiment that occurred in the wake of tax reform has now drifted back to levels in alignment with this time last […]
Like several other high-profile retailers in recent years, Sears Holding Corp. failed to evolve with the changing retail landscape and took on an unsustainable level of debt. Consequently, it filed for Chapter 11 bankruptcy, announcing the closure 142 locations in the process. Click here to read the full article.
Federal regulators approved pharmacy and health care provider CVS Health Corp.’s $69 billion purchase of insurer Aetna Inc., a deal that may reshape the U.S. retail and health care real estate markets. The Department of Justice clearance is a key milestone toward completing the deal that is also subject to state regulatory approvals, many of […]
South Florida construction starts fell slightly in August on a year-over-year basis. Total building activity declined 7 percent to $703 million, according to Dodge Data & Analytics. However, commercial construction increased 10 percent to 375.2 million in August, compared to August 2017. Commercial construction includes office, retail, hotels, warehouses, manufacturing, educational, healthcare, religious, government, recreational, and other buildings, […]