As stock and bond markets quake, the underpinnings of the commercial real estate market seem strong enough to take a punch, as long as the market volatility doesn’t turn into a sustained rout, says Phil McAndrews, chief investment officer for TIAA-CREF Global Real Estate. He oversees $90 billion in assets, with about $22 billion of […]
The Treasury Department’s recent initiative to curb money laundering tied to cash purchases of luxury properties in Miami and New York may fuel future commercial real estate deals. As investors from unstable economies rush to invest their cash in Miami, they may turn their attention to single-tenant assets such as office, retail and industrial […]
Skyrocketing land values and increased construction costs– due to the demand created by the residential sector – are two big challenges for office developers to overcome in 2016. But that doesn’t mean we won’t see better office space with higher rents. A trend that started recently and will gain speed in 2016 is the […]
MIAMI, FL, June 4, 2015 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of 1850 SW 8th Street, approximately 30,000 square feet of rentable office and retail space located in Miami. The asset sold for $5,050,000. Alex […]