August 2017 • HawkinsCRE

Miami Commercial Real Estate News August 30, 2017: Midtown 6 Gets Financing; NREI Evaluates Miami Industrial Market; More…

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

HFF Announces $110.3 Million Financing of J.P. Morgan and Magellan Development Group’s Midtown Miami Mixed-Use Tower Holliday Fenoglio Fowler, L.P. (HFF) announces $110.3 million in financing for the development of Midtown 6, a 31-story, mixed-use residential and retail tower in Midtown Miami. “We are excited to watch Midtown 6 continue to build out Midtown Miami, as […]

Video: Conor Wagner of Green Street Says No Slowdown in Multifamily Supply Growth in 2018

Aug 24, 2017 - Multifamily Property - 0 Comments - Standard

In this brief video, Conor Wagner of Greenstreet Advisors sits down with Matthew Bechard at NAREIT to discuss the multifamily (apartments) property sector. Highlights include: Green Street does is not expecting a material slowdown in multifamily supply growth in 2018 for the apartment sector. According to Green Street Advisors Analyst Conor Wagner, housing starts have […]

Miami Commercial Real Estate News August 23, 2017: Waterford at Blue Lagoon Sells; Reis Update on Industrial Properties; More…

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

California firm pays $5.6 million for building in Miami Beach, plans co-working space A Hollywood, California real estate firm just paid $5.6 million for an office building on 41st Street in Miami Beach where it plans to launch a co-working space. Property records show 820 AGR LLC, a company controlled by investor and developer Michael Simkins, […]

Video: Reis Chief Economist & VP of Research Victor Calanog Presents Q2 2017 Industrial Sector Trends

Aug 17, 2017 - Industrial - 0 Comments - Standard

Reis Chief Economist and Vice President of Research Victor Calanog provides the Reis assessment of Q2 2017 Industrial Sector trends. Highlights include: Industrial fundamentals were on a tear during Q2 2017 National vacancies for warehouse distribution sub-sector were 9.7%, down 20 basis points for the quarter and 60 basis points for the year Flex sub-sector […]

Miami Commercial Real Estate News August 16, 2016: Conrad Hotel Sells; Brickell City Centre’s New Italian Food Hall; More…

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

EI-American RE Sells The Conrad Miami Hotel on Brickell Mast Capital and Angelo Gordon & Co. acquired The Conrad Miami hotel at 1395 Brickell Avenue in Miami, FL for $72 million, or about $355,000 per room, from EI-American Real Estate, Inc. The 36-story, 203-room hotel was built in 2003 in the Brickell submarket. It totals 212,503 […]

Video: Hurricane Andrew As it Happened ~ 25 Years Ago Today

Aug 16, 2017 - History - 0 Comments - Standard

This is the 2 hour show WPBT (PBS channel 2 in South Florida) has been running for the 25th anniversary of Hurricane Andrew’s landing. Commercial real estate, all real estate, and in fact the entire culture of the Miami area was forever altered by this storm. Whether you lived it or not, it is worth […]

Two Miami-Dade Zip Codes Top Florida’s Most Expensive Rents List

Aug 11, 2017 - Multifamily Property - 0 Comments - Standard

Florida’s 14 Highest Apartment Rents by Zip Code in 2017 Are in the Southeast, Half of Top 10 are in Miami-Dade County Using data collected by sister company, Yardi Matrix, RENTCafé assembled a list of the most expensive zip codes for renters in Florida. The Sunshine State has always been a renter-friendly location. Florida rentals […]

Video: Reis Chief Economist & VP of Research Victor Calanog Update on Q2 2017 Office Sector Trends

Aug 10, 2017 - Office Property - 0 Comments - Standard

In this brief video, Reis Chief Economist & VP of Research Victor Calanog provides his assessment of Q2 2017 Office Sector trends. Highlights include: Not much happening in the office property sector this past quarter Vacancies were unchanged at 16.0% versus the prior quarter and down a mere 10 basis points year over year Vacancies peaked […]

Miami Commercial Real Estate News August 9, 2017: Opa-Locka Flea Market Sells for $80 Million; More…

Aug 09, 2017 - Top Stories - 0 Comments - Standard

Torburn Partners sells chunk of former Motorola office park for $57 million to Miami Based Midtown Capital Partners Northbrook, Illinois-based Torburn Partners just sold a portion of an office park in Plantation for $56.6 million to Miami-based Midtown Capital Partners, led by Alejandro Velez, property records show. The two buildings at 7600 and 7700 West Sunrise […]

Miami Boasts Third Densest Skyline in United States

Aug 08, 2017 - Development - 0 Comments - Standard

During a recent HistoryMiami Museum tour I attended, (the museum’s) Resident Historian Dr. Paul George mentioned a fact I thought I would have known, that Miami boasts the third most dense skyline in the United States. I’m fairly certain I’d not heard this before. Upon returning to my office, I decided to fact check this. […]

Video: National Self Storage Group President Graham Hill, Investor David Westbrooks Discuss Self Storage Cap Rates, Financing and Investment Strategies

Aug 06, 2017 - Self Storage - 0 Comments - Standard

President of the National Self Storage Group at Bull Realty, Graham Hill, and investor David Westbrooks come on The Commercial Real Estate Show to share intel on investing in self storage properties including cap rates, management tips, financing, demographics and strategies to sell or to invest in the sector.

Video: Reis Chief Economist & VP of Research Victor Calanog Provides Q2 2017 Retail Sector Trend Update

Aug 06, 2017 - Retail Properties - 0 Comments - Standard

In this brief video, Reis Chief Economist & VP of Research Victor Calanog provides an assessment of second quarter 2017 retail property sector trends. Highlights of this video include: Fundamentals in retail sector reflect all the negative news Neighborhood and community center vacancies increases 10 basis points to 10% Regional malls had a 20 basis […]

Video: Scott Zucker, Deputy General Counsel of the National Self Storage Association, on Self Storage Management Development & Legal Issues – Part 2

Aug 05, 2017 - Self Storage - 0 Comments - Standard

Attorney Scott Zucker, deputy general counsel with the National Self Storage Association and partner with Weissmann Zucker shares important legal considerations for self storage property operators on America’s Commercial Real Estate Show. This show is not providing legal advice. Engage legal counsel in your state for legal advice based on your property and situation. View […]

Video: Scott Zucker, Deputy General Counsel of the National Self Storage Association, on Self Storage Management Development & Legal Issues – Part 1

Aug 05, 2017 - Self Storage - 0 Comments - Standard

Scott Zucker, Deputy General Counsel of the National Self Storage Association, and partner with Weissmann, Zucker, Euster, Morochnik P.C. shares important legal issues related to management, development, and websites. This show is not providing legal advice. Engage legal counsel in your state for legal advice based on your property and situation. View part two.

Miami Commercial Real Estate News August 2, 2017: Miami Office Market Rebounds; Changes at Turnberry Isle; More…

Aug 02, 2017 - Top Stories - 0 Comments - Standard

Miami Office Market Makes Surprising Rebound The South Florida office market has rebounded this year, but developers hoping for long-term success in the sector should already be paying attention to the popularity of co-working space. Courtesy: WeWork The interior of a WeWork co-working space in Miami Colliers International South Florida Executive Managing Director Ken Krasnow […]