May 2017 • HawkinsCRE

Miami Commercial Real Estate News May 30, 2017: Micro Apartments May Be Coming to North Miami; Site Sells Near Merrick Park; More…

May 30, 2017 - Top Stories - 0 Comments - Standard

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 […]

Video: Shahab Karmely discusses Miami River, One River Point

May 25, 2017 - Development - 0 Comments - Standard

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 […]

Miami Commercial Property News May 25, 2017: Bal Harbour Shops Founder Dies; Fed May Raise Rates Again; More…

May 25, 2017 - Top Stories - 0 Comments - Standard

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 […]

Video: Jim Sullivan of Greenstreet Advisors Discusses Retail

May 23, 2017 - Retail Properties - 0 Comments - Standard

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 […]

Miami Commercial Real Estate News May 23, 2017: New Office Tower Coming to Downtown; Property Near Beckham’s Listed; More…

May 23, 2017 - Top Stories - 0 Comments - Standard

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 […]

Video: Green Street Advisors Managing Director Michael Knott Says Health Care Properties Attracting Foreign Capital

May 22, 2017 - Multifamily Property - 0 Comments - Standard

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 […]

Video: REIS Chief Economist & SVP Victor Calanog Delivers an Update on Industrial Market Trends for 2017 REIS Q1

May 19, 2017 - Industrial - 0 Comments - Standard

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 […]

Buyer – $25 Million to Invest – Seeks Single Tenant Properties, Preferably 3 Years or Less Remaining on Lease, Flexible on Credit Quality

May 18, 2017 - Buyer Needs - 0 Comments - Standard

A buyer with $25 million to invest seeks triple net (NNN) properties in South Florida. This investor’s preference is NNN properties with 3 years or less remaining on its lease. They are flexible with regard to the credit quality of the tenant. If you have a property that meets this requirement, send an email or […]

Miami Commercial Property News May 18, 2017: Rapid Transit Stops Identified; Miami a Top Buy for Retail; New Controversial Bridge Renderings; More…

May 18, 2017 - Top Stories - 0 Comments - Standard

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 […]

Video: REIS Chief Economist & SVP Victor Calanog Updates on 2017 REIS Q1 Retail Property Market Trends

May 17, 2017 - Retail Properties - 0 Comments - Standard

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 […]

Buyer Seeks 50,000 to 70,000 sf Miami-Dade Industrial Property

May 16, 2017 - Buyer Needs - 0 Comments - Standard

A buyer seeks an industrial proeprty in Miami-Dade between 50,000 and 70,000 square feet. The property may be dock high or street level. Air conditioning would be a plus. The buyer seeks delivery within 12 months, i.e. around the middle of 2018. If you have a property that meets this requirement, send an email or […]

Miami Commercial Real Estate News May 16, 2017: CRE Panel Gets Heated Discussing Donald Trump Effects; Apartment Planned Near Marlins Park; More…

May 16, 2017 - Top Stories - 0 Comments - Standard

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 […]

Ernst & Young’s Mark Grinnis Discusses the Potential Impact of Rising Interest Rates

May 15, 2017 - Economy - 0 Comments - Standard

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 […]