Andy McCulloch, Managing Director of Real Estate Analytics at Green Street Advisors, discusses commercial real estate property values and the status of the current cycle. Prices today are 20% above the previous 2007 peak. Green Street believes that valuations are in the ninth inning. Bullish signals from the REIT and bond markets took 180 degree […]
In this video, Dr. Larry Souza, Senior Investment Advisor with Pillar 6 Advisors, a San Francisco based a full-service wealth advisory firm specializing in experiential financial planning, discusses a number of potential effects, good and bad, of a Donald Trump administration on commercial real estate and the economy in general. Among the advisors addressing this question […]
Senior Managing Director and Head of Lodging Research for CBRE discusses the current status of the lodging market. Among the topics discussed are occupancy, average daily rates, growth, development, and revpar. He is interviewed by Michael Bull, a broker in Atlanta and the host of The Commercial Real Estate Show.
In this video, Lisa Pendergast, Executive Director of the CRE Finance Council, discusses the topic of the potential effects rising interest rates on commercial real estate. She notes that 10 year rates have increased in recent weeks by 50 basis points, then goes on to make estimates for mortgage rates. Ms. Pendegrast is interviewed […]
Florida is now the third most populous state in the United States of America. Miami is the largest metro area in Florida, the third most populous state in the United States of America. Greater Downtown Miami is its hub. Miami, a uniquely diverse place that embraces new residents from around the world, continues to have more new residential developments that to […]
Costar, as of November 18, 2016, shows a number of properties trading for between $5 million and $5.1 million since January 1, 2015. Below we have embedded what we believe to be Google Streetviews of each, with links below each to pages with detailed information about the property including recent sales prices and dates, ownership, […]
Barbara Denham from REIS discusses recent office market trends, including demand growth, vacancy rates, and cap rates, with Michael Bull, the host of this show.
View on Google NOI Speculation Costar reports that The Plaza 8 shopping center, located at 9600 SW 8th Street, Miami, FL, 33174, sold for $$11,186,604. Our data, sourced from Miami-Dade, shows this property as 56,493 adjusted square feet on a 106,350 square feet lot, while Costar indicates 53,428 of gross leaseable area. The average lease […]
This is a chart of the number of total commercial improved properties listed at the end of a given month (right axis) versus the number of properties sold in that month (left axis) in the Miami MLS. While the number of properties listed has declined more than 25% from its peak a few years back, […]
As of November 18, 2016, the Miami-Dade MLS lists the following properties as the largest (in dollars) transactions for commercial improved property within Miami-Dade county: 1135 103rd Street 5901 74th Street 2500 28th Lane 1495 167th Street 2350 173rd Street 5020 Biscayne Boulevard 9408 87th Avenue 1801 22nd Street 333 – 343 Jefferson Avenue 8521 […]
For commercial property of all types in Miami’s zip code 33173, the top buyers as listed by Costar on November 18, 2016 included: Acumen Real Estate; Equity One, Inc.; CF Properties Corp; IMC Equity Group; Luis Malo; CVS Health; Miami-Dade Parks, Recreation, and Open Space Dept; Jose Munoz; Equity One Florida Portfolio, Inc.; Chaptal. The total purchase […]
Having recently run into a situation where a Miami office building seemed to be classified lower than it actually is, we wondered what the financial impact of this, in rental rates, might be. To get a feel for this, we evaluated average asking gross asking rent per square foot for office properties in Miami-Dade county […]
For commercial property of all types in Miami’s zip code 33186, the top buyers as listed by Costar on November 14, 2016 included: Starwood Capital Group, Deutsche Bank AG; Grand Peaks Properties; Woolbright Development, Inc.; Lowe’s Companies, Inc.; Dade Jeep Chrysler Dodge Inc.; The Simon Konover Company; Leon Medical Centers; Costco Wholesale Corporation; Universal Properties Management […]
For commercial property of all types in Miami’s zip code 33179, the top buyers as listed by Costar on November 10, 2016 included: Robert Miller; The Backer Group LLC; Oded Meltzer; 3T Equity Partners; Triarch Capital Group, LLC; Bristol Group, Inc.; CFH Group; Iglesia Cristiana Senales de Vida Inc.; Advenir, Inc.; The Expansion Group Inc. […]
What land is worth, or more frequently, what the land under an existing structure is worth, is a common topic that comes up in the discussion of commercial real estate. Each parcel is, of course, unique. One variable that can be considered, however, is zoning. In the accompanying chart, we have identified the average and […]
Above is a color coded chart of vacant land sales per square foot (view per acre here) in Miami-Dade for the 2 years ending October 31, 2015. This was prepared using data from Costar, and only includes sales over $1 million. Click the full screen icon in the upper right to open this is […]
