Genting Looking To Sell Former Miami Herald Property According To Prospective Buyer
The Malaysian casino giant bought the 14-acre property in 2011 for $236 million with plans of building a casino resort.
Interest Rates: Yield Curve Quarterly Snapshot
At the end of the 1st quarter of 2016, U.S. Treasury yields, on a nominal basis, were essentially unchanged for maturities of one year or less, but around 30 basis points or so lower for virtually all maturities in excess of this. On a real basis, yields were around 30 to 60 basis points lower for all maturities from 5 years to 40.
A Color Coded Map of Vacant Land Sales PSF in Miami-Dade
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 a new window complete with a legend showing the dollar…
Has the Apartment Market Hit the Inflection Point?
For the last few years, the multifamily asset class has been the top performer of all property types, delivering a per-unit revenue (market rent x occupancy) growth rate of 4.8 percent in 2015. Some markets clearly outperformed others. These included Portland, Ore., San Francisco, Oakland, Calif. and Sacramento, Calif., all of which…
Land Sales PSF by Miami 21 Zoning Code
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.
Company Tapped To Market Doral Office Building
The offering includes a two-story, 79,271-square-foot office building situated on a 1.73-acre lot and an additional 1.84-acre site/surface parking lot directly across the street.
PS Business Parks Signs Aviation Company To 21,000 Square Feet
Rich Guertin, Regional Manager and Juan Mazuera, Associate Leasing Director represented the Landlord in the deal.
Stiles Signals Leadership Changes
Fort Lauderdale, FL-based developer Stiles announced several changes in its top ranks as part of the firm’s executive leadership succession plan. The company has appointed Ken Stiles to serve as co-CEO, working alongside his father, Chairman and CEO Terry Stiles. The younger Stiles joined the…
Stress In The Retail Sector Appears As Bankruptcies Grow
This month’s statistics from the American Bankruptcy Institute show a significant climb in commercial bankruptcy filings. 9,208 businesses are reported to have filed for bankruptcy protection in the first three months of 2016, up from 7,483 such filings 1Q 2015, making a year-over-year…
National Refinance Roundup
Quarter to quarter, week to week, day to day, the price of capital fluctuates. The changing cost of money has a lot of say in what’s possible for any given commercial real estate development, so getting indebtedness exactly right is an essential, foundational job.
Homestead Park of Commerce Welcomes Dunham Bush
Ed Redlich and Chris Spear with ComReal Miami have successfully sold 14.7 acres in the Homestead Park of Commerce in Homestead, Florida. The seller was Homestead Park, LLC represented by ComReal and the new owner is Dunham-Bush USA, LLC who was represented by Grove Properties.