In this commercial real estate related video, Dave Bragg of Green Street Advisors discusses the transportation revolution and its expected impacts on real estate. He provides a touch of added color through some real world examples and a few highlights of other disruptors that are key areas of focus for Green Street. Biggest disruptor of […]
Micro apartments may be coming to North Miami North Miami may soon be joining other municipalities in South Florida that allow developers to build micro apartments. If approved by the city council in June, micro apartments could alter the character of the city, experts say. North Miami could go from a suburban, bedroom community to one […]
In this video: Despite the condominium market slowdown, Miami developer Shahab Karmely is confident that his project and the Miami River are poised for big growth.In an interview following a panel, Karmely and TRD South Florida’s Managing Editor Ina Cordle discussed his One River Point and the river in general at TRD‘s Third Annual Broward […]
Bal Harbour Shops founder Stanley Whitman dies at 98 Bal Harbour Shops’ founder Stanley Whitman, largely viewed as a visionary for creating a high-end retail center that has endured more than 50 years, passed away on Wednesday. Exactly a week earlier, his longtime plans to expand the center gained final village approval. He was 98 and died […]
Jim Sullivan of Greenstreet Advisors opines on the headwinds in the retail sector, notably the onslaught of e-commerce market share gains and recent department store closings. He sheds light on the tailwinds that tend to be overlooked. He says that half of the time they are spending today is with retail property customers, indicating that […]
Downtown Miami is getting its first new office tower in six years Another piece in the ambitious Miami Worldcenter project has clicked into place. Hines, the privately-owned real-estate investment firm with a presence in 189 cities in 20 countries, will build a 45-story tower with 600,000 square feet of Class A office space at 110 NE […]
Michael Knott reports that after a quiet year for the health care sector for most of 2016, an “explosion of deals” worth in excess of $5 billion has occurred recently. The trend underscores the significant amount of capital available for the sector, especially foreign capital. Highlights include: Large transactions just took place in prior couple […]
The foundation is laid, and now the Ritz-Carlton Residences, Sunny Isles Beach is going vertical. Eighty trucks delivered 600 loads of concrete to complete the foundation of the luxury condo building in Sunny Isles Beach. More than 100 Suffolk Construction workers wrapped up the foundation pour of the 52-story tower at 15701 Collins Avenue at […]
In this short video, Cedrik Lachance, Director of U.S. REIT Research at real estate research and analysis company Green Street Advisors, explains why his firm expects private market values to be more or less flat over the next 6 to12 months. He also sheds a bit of light on ‘A’ malls and three other sectors that […]
In this short video, Green Street Advisors analyst Eric Frankel shares that the current boost to industrial demand from ecommerce is estimated to be 30-40% this year, higher than the approximately 20% for the past several years. Eric also provides perspective on increasing industrial property supply, industrial REIT investors’ strategies this cycle, and future risks […]
David De La Rosa, Senior Vice President of Green Street’s Advisory group, in this video provides a cross-border perspective to management teams in this short 3-minute video. He discusses U.S. REIT best practices and also advises companies to benchmark against their international peers to have more success in attracting investors.
In this video, REIS Chief Economist and Senior Vice President Victor Calanog provides a quick update on the market fundamentals in the industrial sector for Q1 2017. Among the highlights are: In contrast to most other sectors, lots of movement in industrial property fundamentals Vacancy ended quarter at 10.1% down 10 basis points for the […]
Aldi-anchored shops in Miami Gardens listed for $32 million Westport, Connecticut-based Rand Real Estate Services listed Palmetto Plaza (aerial view), an Aldi-anchored shopping center in Miami Gardens, for $31.75 million, a nearly 48 percent increase from its last sale about four years ago. The 176,000-square-foot center, at 16301 Northwest 57th Avenue, is 93.3 percent occupied […]
In this video, REIS Chief Economist and Senior Vice President Victor Calanog provides a quick update on the market fundamentals in the retail propery sector for the first quarter of 2017. Highlights include: Retail fundamentals were mostly flat in 2017 Vacancy rate for neighborhood and community shopping centers remained flat at 9.9% Also flat on […]
Industrial Building In Medley Sells For $22 Million The recently completed Airport North Logistics Center in Medley was sold for $22.02 million, or $120 per square foot. Ridge Medley Partners, an affiliate of Transwestern Development Co.’s industrial development arm Ridge Development Co., sold the 184,008-square-foot industrial building at 9101 N.W. 87th Avenue. to CFFI Airport North […]
Global Real Estate Investment Funds Leader with Ernst & Young Mark Grinis joins The Commercial Real Estate Show to discuss E&Y’s Global Market Outlook, including the impact that rising interest rates might have on commercial real estate. Some highlights include: At inauguration markets moved, including an increase in 10 year rates, but this has dropped […]
