June 2017 • HawkinsCRE

Miami Commercial Real Estate News June 27, 2017: Turnberry Associates Gets $259 Million Construction Loan; SW 8th CVS Sells; More…

Jun 27, 2017 - Top Stories - 0 Comments - Standard

Turnberry Associates scores $259M construction loan for Turnberry Ocean Club Turnberry Associates just scored a $259 million construction loan for Turnberry Ocean Club Residences, the luxury condo tower rising in Sunny Isles Beach, The Real Deal has learned. At least seven months in the making, the loan from Bank of the Ozarks closed on Friday, a […]

Video: RC Analytics SVP Jim Costello Discusses the Impact of the Amazon Whole Foods Deal on Commercial Property

Jun 26, 2017 - Retail Properties - 0 Comments - Standard

In this video, Jim Costello, Senior Vice President with RC Analytics, joins The Commercial Real Estate Show to discuss the potential impact of Amazon’s purchase of Whole Foods and what it could mean for the property investors. He discusses the historical value premiums (low cap rates) for Whole Foods anchored properties due to their strong […]

Miami Commercial Property News June 23, 2017: Grove Bayfront Development to Being in July; New Multifamily Construction to Absorption; More…

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

New multifamily construction to test the South Florida market Demand remains robust for rental housing in Miami and the rest of South Florida, among residents and real estate investors alike. But despite the area’s population and employment growth, some market watchers say South Florida’s extended, postrecession rise in monthly rents could slow or stop if […]

JLL Chief Economist Ryan Severino, CFA, Shares His View on the Multifamily Market

Jun 23, 2017 - Multifamily Property - 0 Comments - Standard

Ryan Severino joins Michael to discuss the multifamily property market, including demand, supply, performance, trends, and where good apartment investment opportunities may lie. Highlights of this video include: Supply is “certainly at an elevated level” 2016 to 2017 appears to be high water mark for construction New inventory making market more challenging Relative to a […]

Miami Commercial Real Estate News June 20, 2017: Dadeland Office Towers Sell; Considering Amazon’s Whole Foods Buy for Commercial Real Estate; More…

Jun 20, 2017 - Top Stories - 0 Comments - Standard

Keystone Property Group buys Dadeland office towers for $36M Keystone Property Group paid $36 million for Dadeland Towers South (birdseye) and inked a lease with the seller, insurance giant AvMed. For Keystone, the deal adds to its holdings in the Kendall-Dadeland area. The commercial real estate firm picked up the two-building, 228,000-square-foot portfolio at 9400 South […]

RC Analytics Senior VP Jim Costello Delivers an Update on Multifamily Investment Property

Jun 16, 2017 - Multifamily Property - 0 Comments - Standard

Jim Costello with Real Capital Analytics joins Michael to discuss the multifamily investment market. Highlights include: Deal volume into 2017 has given up ground, down 26% YTD through April Deal volume down 20 mil from 2016 volume of 60 million Prices, however, remain high Believes this says that sellers are pulling back Owners can’t find […]

Miami Commercial Property News June 15, 2017: Milagro Coral Gables Sells for $78 Million; 1031 Exchange May Disappear; More…

Jun 15, 2017 - Top Stories - 0 Comments - Standard

Wafra buys Milagro Coral Gables apartments for $78 million An affiliate of the New York-based Wafra Group just picked up a luxury apartment complex in Coral Gables for $78.15 million, property records show. Delaware-based Rex Art Owner LLC, an entity managed by JP Morgan Investment Management Inc., sold the 238-unit building at 2263 Southwest 37th Avenue […]

Video: Nadia Balint of RENTCafé Discusses Suburban Multifamily Performance

Jun 14, 2017 - Multifamily Property - 0 Comments - Standard

Nadia Balint of RENTCafé joins The Commercial Real Estate Show to discuss multifamily growth in suburban markets and why they appeal to renters today. She discusses rent growth in downtown markets versus suburban markets from a supply and demand standpoint, noting suburban markets as benefiting from lower, more competitive, rent rates.

Miami Commercial Real Estate News June 13, 2017: Two Chinatowns Proposed for Miami-Dade; Riverfront Development Deal Nears; More…

Jun 13, 2017 - Top Stories - 0 Comments - Standard

Where Miami might undo development to deal with sea-level rise Shorecrest might become the first neighborhood in Miami where efforts to deal with sea-level rise would include demolishing structures in areas prone to flooding and returning the land to nature. Scientists and government officials who participate in the Southeast Florida Regional Climate Change Compact have considered […]

Video: Previewing the American Dream Miami Mega Mall

Jun 12, 2017 - Development - 0 Comments - Standard

Bob Gorlow and Edgar Jones present their plans a major development in North Miami called American Dream Mall. This is a must see for everyone in Miami. Once completed, it is sure to change the retail and entertainment landscape in South Florida.

Miami Commercial Property News June 8, 2017: Two-Tower Complex Planned for A&E District; Beckham Deal Approved; New Courthouse Renderings; More…

Jun 08, 2017 - Top Stories - 0 Comments - Standard

ASRR plans massive two-tower complex at Arts & Entertainment District site in Miami ASRR Capital and two Asian investors are planning a 1.7 million-square-foot residential, retail, and office complex at the Miami Arts & Entertainment District site they put under contract last year, according to documents filed with the Tel Aviv Stock Exchange. Plans for the […]