The economic and political uncertainty created by the United Kingdom’s vote to leave the European Union could have a significant impact in some of the largest property markets in the US, including Miami. Since the late 1990s, Miami has experienced waves of European inbound investment based on economic cycles in both the US and Europe. […]
The recent $6.5 million sale of 5000 Biscayne Boulevard, a class B office building in the Miami Modern Biscayne Boulevard Historic District, highlights the demand for CRE in one of Miami’s up-and-coming neighborhoods north of downtown Miami. The 15,618-square-foot office building sold to 69th ST Loan, which Alex Karakhanian and Damian Narvaez operate. I marketed and sold the development […]
The current economic expansion has run for 84 months through June, prompting discussions on how much fuel remains in the tank. History tells us that the length of a cycle in itself will not induce a downturn. In fact, we are experiencing longer expansion periods than previously recorded, according to economic models. Key segments of […]
The sale of single-tenant assets in Miami – often a favorite of foreign investors – has decreased by 20 percent in the last 12 months, according to a recent report by Marcus & Millichap. The drop in sales followed the best four-quarter period since the recession. The demand for single-tenant properties has slowed since the […]
Air quality affects the mind, according to a recent Newsweek article. A landmark study published in October 2015 in the journal Environmental Health Perspectives found a strong link between air quality and cognitive function. In the paper, the researchers gathered 24 professionals of various stripes and had them work in the same office, where the […]