The South Florida CRE market is changing again, with one sector of the market performing extremely well. Here is my recent Q&A that describes the condition of the South Florida CRE market. Q: How busy are you selling/closing deals these days? A: I focus on deals ranging from $1 million to $20 million and I […]
When meeting with investors interested in purchasing retail space, from single-tenant assets to small shopping centers, I have recently noticed that their primary concern is the impact of e-commerce weakening the demand for retail space. This is a valid point but I respond that there is also an e-commerce trend fueling demand for brick-and-mortar stores. […]
The rise of unconventional office submarkets in Miami is heating up. Wynwood is leading the race. One of the latest listings in the trendy neighborhood is a development site with approvals for a 12-story mixed-use tower to be named Wynwood Square. The project will consist of 241 apartments, 60,290 square feet of office space, 27,212 square […]
The U.S. economy and commercial real estate industry are, in general, expected to experience moderate growth through much of 2019, according to a new three-year economic forecast from the Urban Land Institute (ULI) Center for Capital Markets and Real Estate. The latest ULI Real Estate Consensus Forecast, a semi-annual outlook, is based on a survey of […]
MIAMI—For all the talk of Latin American investors flocking to the urban core—as well as foreign buyers from China rising—Turkey investors in 2017 emerged as an important group of buyers for residential condos. Now, they are increasingly targeting commercial real estate. Istanbul-based Okan Group recently paid $18.1 million for a portion of the Central Baptist Church’s parking lot in Downtown […]