For commercial property of all types in Miami’s zip code 33130 the top buyers in the past year as listed by Costar on March 10, 2016, were: Colony Capital LLC; American Da Tang Realty Corporation; The Chetrit Group; Independencia S.A.; Crocker Partners, LLC; Banyan Street Capital; The Related Companies; Kar Properties, LLC; MDR Inversiones; Moishe’s […]
For commercial property of all types in Miami’s zip code 33128 the top buyers in the past year as listed by Costar on March 8, 2016, were: Moishe’s Moving Systems, Inc.; David E Stone; Greater Miami Neighborhoods, Inc.; Giuseppe & Roberto Sindoni; M&M Parking; Orlando Horta Jr; City View Apartments Mgmt, LLC; Miami Center 747, LLC; […]
For commercial property of all types in Miami’s zip code 33155 the top buyers in the past year as listed by Costar on March 24 2016, were: Kireland Management, LLC; Paul Palmer; Superior Realty Group LLC; Miller Lake Apartments; Mc Bird Road LLC; SSI Properties Inc; Estate Investments Group; Alex Kurkin; Sunshine Gasoline Distributors Inc.; […]
In this interview by Michael Bull, a commercial real estate broker in Georgia, Daren Tristano, EVP at Technomic, discusses current restaurant industry trends and as well as performance, and the implications for commercial real estate. Which franchises are finding the most success in today’s market. Which are struggling? A consistent theme in this interview is […]
For commercial property of all types in Miami’s zip code 33165 the top buyers in the past year as listed by Costar on March 16, 2016, were: Equity One, Inc.; University Shoppes Summit, LLC; IMC Equity Group; Leon Medical Centers; Acedemica Corporation; Antonio Bacallao; Bayrock Investment Company; Orlando Horta Jr; Christopher M Murray; RAND Real […]
The capitalization rate (cap rate) for mid-market industrial properties in Miami-Dade County (10,000 to 50,000 square feet) drifted to just under 7% in the most recent period reported by Costar. As can be seen in the attached chart, cap rates over the past few years have moved between 6% to 8% midpoint, and of late have […]
In addition to being featured in many of the charts in the Wells Fargo Securities Fourth Quarter 2015 Commercial Real Estate Chartbook, Miami is mentioned within the text: Favorable demographics suggest the apartment sector has more room to run, but we suspect we are beginning to see signs of the imminent moderation in Class B/C apartment fundamentals as […]
Above is a color coded chart of vacant land sales per acre (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 a […]
In this video, Mitch Rochelle and Andy Warren of PwC (PriceWaterhouse Coopers) join host Michael Bull to discuss the highlights of the much anticipated PWC report “Emerging Trends in Real Estate 2016”.
The accompanying image, which lists existing retail inventory in greater downtown Miami, is from the January 2016 Greater Downtown Miami Study of Retail Market Conditions Report.
For commercial property of all types in Miami’s zip code 33144 the top buyers in the past year as listed by Costar on February 18, 2016, were: Estate Investments Group; Eunice Singer De Russoniello; Steve Halegua, P.A.; Living Care Solutions; Rodolfo Dumenigo; Mario A. Lamar, P.A.; CGI Companies, Inc.; Orion Real Estate Group; Brandon Partners; […]
For commercial property of all types in Miami’s zip code 33126 the top buyers in the past year as listed by Costar on March 2, 2016, were: Hines; NorthStar Realty Finance Corp; CBRE Global Investors; Ashford Hospitality Trust, Inc.; Brookfield Asset Management, Inc.; Franklin Street Properties Corporation; Carter USA; DRA Advisors, LLC; Noble Investment Group; The Summit […]
PWC, also known as PriceWaterhouseCoopers, has published is 2016 Emerging Trends in Real Estate® report, covering commercial real estate of all types in the United States and Canada. Miami is mentioned throughout the report in many of the tables and charts as well as in the text of the report. Below are some excepts specific to Miami […]
The capitalization rate (cap rate) for mid-market office properties in Miami-Dade County (5,000 to 10,000 square feet) drifted to just under 6% in the most recent period reported by Costar. As can be seen in the attached chart, cap rates have gyrated around 6% to 7% midpoint, and of late have been in decline since their 2013 […]
The National Association of Realtors® (NAR) Commercial Real Estate Outlook for the first quarter of 2016 focuses on market performance large and small commercial property sectors. The report provides an overall view of economic indicators, investment sales of commercial real estate, and commercial property leasing fundamentals. Some highlights of this quarters reports include: Rising employment levels […]
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, […]
