February 2016 • HawkinsCRE

Commercial Property in Zip Code 33129: Year’s Top Buyers, Sellers, Ten Year Sales Volume

Feb 29, 2016 - Observations - 0 Comments - Standard

For commercial property of all types in Miami’s zip code 33129 the top buyers in the past year as listed by Costar on February 9, 2016, were: Baywood Hotels, Inc.; Elderly Housing Development & Operations Corp.; Pan American Group Inc.; G.A.P. Realty, Inc.; Driftwood Hospitality Management, LLC; Jorge Buitrago; Coral Way The Roads Professional Center […]

Miami Commercial Property News February 25, 2016: Edgewater Development Site Lists at $19.75 Million; Office Rents Risking in Miami-Dade and Broward; More…

Feb 25, 2016 - Top Stories - 0 Comments - Standard

Edgewater development site on Biscayne hits market: $19.75M As land sales reach record per-square-foot highs, a redevelopment site in Edgewater has been listed for sale for $19.75 million or about $475 a square foot. The property, at 2699 Biscayne Boulevard, is one of the few remaining large development sites in the Edgewater… Franklin Street Arranges $9 Million […]

Commercial Property in Zip Code 33133: Year’s Top Buyers, Sellers, Ten Year Sales Volume

Feb 25, 2016 - Observations - 0 Comments - Standard

For commercial property of all types in Miami’s zip code 33133 (Coconut Grove) the top buyers in the past year as listed by Costar on February 5, 2016, were: Terra Group; HCA Holdings; Allegra Holding; Avatar Real Estate Services; Colliers International; Wexford Capital Management; Mast Capital; 13th Floor Investments; HCP.  These buyers’ total purchase volume […]

Mid-Market Miami-Dade Multifamily Properties: Top Buyers, Sellers for the Year

Feb 24, 2016 - Observations - 0 Comments - Standard

For multifamily properties in Miami-Dade County from 20 to 50 units, the top buyers in the past year as listed by Costar on February 4, 2016, were: Boardwalk Properties FL; Fort Capital Management; Coinco Investment Co.; Two Roads Development; Burke Leighton Asset Management; Boardwalk Properties; Bar Invest Group; Eastview Realty Advisors; Jameston U.S. Immobilien GmbH; […]

The Leveraging Effect of Occupancy/Vacancy on NOI

Feb 24, 2016 - Analysis - 0 Comments - Standard

In a prior post, I discussed the potential effects on values as interest rates change, assuming capitalization rates changing in tandem at some ratio.  Capitalization rates, however, are not the entire story, not at all.  In particular, given that net operating income (NOI) is the numerator in the NOI/price cap rate calculation, as NOI changes, […]

Miami Commercial Real Estate News February 23, 2016: Mixed-Used Project Near Aventura Proposed; Akerman Moves to Three Brickell City Centre; More…

Feb 23, 2016 - Top Stories - 0 Comments - Standard

Developer Proposes Mixed-Use Project Near Aventura The plans call for a seven-story building with 139 apartments, 87,120 square feet of office space, 8,020 square feet of retail and 532 spaces of structured parking. Akerman Moving Into Swire’s Three Brickell City Centre Florida’s largest law firm, Akerman LLP, is moving into 110,508 square feet at Three […]

Video: Performance of the 2015 Industrial Market

Feb 20, 2016 - Analysis - 0 Comments - Standard

Larry Callahan and Peter Anderson join host Michael Bull to discuss how the industrial market and Pattillo Industrial performed in 2015, what types of industries and users are most active right now and what tends to be important to tenants today.  South Florida investors may also wish to view our industrial property sales and leasing […]

Miami Commercial Property News February 18, 2016 ~ Top Headlines Pertaining to Retail, Multifamily, Office, and Industrial Properties

Feb 18, 2016 - Top Stories - 0 Comments - Standard

Mid-Market Miami-Dade Retail Properties Cap Rate Dips ~ Presumably Due to Embedded Rent Increases; Top Buyers, Sellers Cap Rate for Retail Properties from 5,000 to 15,000 square feet in Miami-Dade County for the 10 Years Ending 2015 The capitalization rate (cap rate) for mid-market retail properties in Miami-Dade County (5,000 to 15,000 square feet) drifted to […]

Mid-Market Miami-Dade Retail Properties Cap Rate Dips ~ Presumably Due to Embedded Rent Increases; Top Buyers, Sellers

Feb 17, 2016 - Analysis - 0 Comments - Standard

The capitalization rate (cap rate) for mid-market retail properties in Miami-Dade County (5,000 to 15,000 square feet) drifted to under 4% in the most recent period reported by Costar.  As can be seen in the attached chart, cap rates have been relatively consistent over the years, generally moving up and down around a 6.5% or so midpoint. […]

Video: Streets by VICE ~ 18 minutes of “could this city be any cooler?”

Feb 17, 2016 - Observations - 0 Comments - Standard

For anyone involved in commercial real estate in Miami, and for that matter anyone interested in Miami, this video is must see material.  Created by HBO’s VICE, the episode travels along Biscayne Boulevard, the main artery to the city stretching north to south.  The show stops in neighborhoods it bills as being as marvelous and strange as […]

Miami Commercial Real Estate News February 16, 2016 ~ Miami Office Building Sells for $33.9 Million; On Equitable Liens and Construction Financing; More…

Feb 16, 2016 - Top Stories - 0 Comments - Standard

Integra sells downtown Miami office building: $33.9M A fund tied to New York-based Brickman has purchased the 200 Southeast First building in downtown Miami for $33.85 million, or $239 per square foot.  Listing agents Benjamin Silver and Douglas Mandel.  Integra Investments sold the newly renovated, 12-story… Commercial Real Estate Loan Totals Soar Ever Higher As […]

Commercial Real Estate Loan Totals Soar Ever Higher

Feb 15, 2016 - Analysis - 0 Comments - Standard

As can be seen in the accompanying chart (Commercial Real Estate Loans, All Commercial Banks June 1, 2004 to November 1, 2015), the total of commercial real estate loans for all commercial banks has hit a new high for the periods available at the Federal Reserve Bank economic research pages.

Miami Commercial Property News February 11, 2016 ~ New Blue Lagoon Tower Coming; 700 Unit South Florida Multifamily Portfolio Hits Market; More…

Feb 11, 2016 - Top Stories - 0 Comments - Standard

Mid-Market Miami-Dade Retail Properties: Top Buyers, Sellers for the Year For retail properties in Miami-Dade County from 3,000 to 12,000 square feet, the top buyers in the past year as listed by Costar on February 4, 2016… New 250,000 SF Class-A Office Tower Breaks Ground At Waterford At Blue Lagoon “Building a property ‘on spec’ […]