Moishe Mana Passes Go, Collects Three More Flagler Street Properties The NY/Israeli businessman drops another $8,191,500. North Miami Beach Strip Club to be Redeveloped into Mixed-Use Project CK Holding Group and Prive Land Banking have partnered to purchase the retail building at 2355 NE Sunny Isles Blvd. in North Miami Beach, FL from ADR Partners, […]
Days to sell commercial improved property in Miami-Dade, where recorded in MLS, dropped in September as it dipped from an already low 104 to under 100. This is not as low as the 79 level reached years prior, or the 83 days reached this past June, but nevertheless remains near the low for the past […]
Three major projects proposed in North Miami Beach, including three-tower development North Miami Beach officials will consider three major projects that have been proposed in an area of the city that was recently rezoned to increase its density. The applications for two mixed-use projects and a hotel will go before the city’s planning and zoning […]
When evaluating the financials of properties there are a couple of important ratios for you to consider, and one you will likely want to know for your bank. Cap Rate: The cap rate, calculated by dividing NOI (net operating income) into the price, is somewhat like an interest rate for a CD or yield on a […]
Developer Moishe Mana buys trio of downtown Miami properties for $8.2 million New York developer Moishe Mana added to his collection of properties along Flagler Street in downtown Miami with a trio of acquisitions for a combined $8.2 million. With the city set to overhaul the street scape and thousands of new residential units […]
The number of new commercial land MLS listings in Miami-Dade County edged hit a 5 year high in September of about 120 versus just under 100 in the prior month. As can be seen in the accompanying chart, this new high further extends a general upward trend in this metric over the past 5 years and […]
Developers seek approval for medical hotel in Miami’s Little Havana Omega Grid Development Group is on its way to securing a major piece of market share in Miami’s medical tourism sector with a proposal for a 44-room hotel project designed for recovering hospital patients. The Miami company is in the process of securing a building […]
Commercial Real Estate National News Roundup Chinese capital yells “action” in Hollywood, logistics expansions deliver big profits, retail’s awesome or doomed (depending on who you ask), and let’s get small. It’s all here in the Commercial Real Estate News Roundup for Oct… Commercial Leases: Which Kind Is Right For Your Deal? Let’s take a quick look […]
Unity on the Bay Church in Miami’s Edgewater asks $40M for sale by Oct 21 With high-rise residential sprouting all around it, the Unity on the Bay Church in Miami’s Edgewater neighborhood hopes to land a buyer in the coming weeks. NGKF Capital Markets brokers Michael Lapointe, Adam Greenberg and Michael Lohmann sent out a […]
The number of new commercial improved property listings in September dipped a bit from the prior month to around 320, as can be seen in the accompanying chart This level, however, remains fairly consistent with a general upward trend in this metric, as levels of such new listings have steadily risen from just over 200 […]
Simon Property Group sells Shops at Sunset Place in South Miami for $110 million Simon Property Group sold the Shops at Sunset Place open-air mall in South Miami for $110.2 million to a joint venture between Federal Realty Investment Trust and two local partners. The Rockville, Maryland-based company (NYSE: FRT) now owns 85 percent […]
Experts involved IASB and FASB lease accounting changes join host Michael to share how recent changes might impact one’s business. Will some companies negotiate for shorter leases? What is the impact on company balance sheets and valuations? What impact will there be on lease versus purchase decisions? What is the actual process to capitalize a […]
