Swire sells majority stake in Brickell City Centre retail to Simon for $512M
Deal breaks down to $1K psf for open-air shopping center anchored by Saks Fifth Avenue Swire Properties cashed out of the retail and parking components of Brickell City Centre in a $512 million deal with Simon Property Group. Simon, an Indianapolis-based shopping center-focused real estate firm led by David Simon, bought Swire’s majority 75 percent stake in the 500k sf…
Simon Acquires Majority Interest of Shops at Brickell City Centre in Downtown Miami for $512M
Indianapolis-based mall giant Simon Property Group has acquired the remaining interest of the retail and parking component at Brickell City Centre, a 5.4 million-square-foot mixed-use development in downtown Miami. Swire Properties Inc. sold the majority 75 percent stake in the property’s 500,000-square-foot retail portion for $512 million, according to several media outlets.
Brickell City Centre Shopping Mall & Parking Garage Sold
The shopping mall and a parking garage at Brickell City Centre has been purchased by publicly traded Simon Property Group. Simon previously owned a 25% stake in the shopping mall component of Brickell City Centre, and now owns 100% of the mall and the main public garage. The company is paying up to $548,725,001 for the stakes, with $512,625,001 paid at closing…
Simon Pays $512M for Remaining Stake in Downtown Miami Mall `Brickell City Centre`
Completed in 2016, the Brickell City Centre mall consists of four-story buildings across three city blocks. Image courtesy of Yardi research data Simon Property Group Inc. has acquired the remaining interest in the 500,000-square-foot retail and parking component of Brickell City Centre in Miami. Swire Properties Inc. sold the majority 75 percent stake in the property…
Swire Properties Inc. has announced the sale of its interest in the retail and parking components of Brickell City Centre to Simon, a real estate investment trust specializing in premier shopping, dining, entertainment, and mixed-use destinations. The transaction is valued at approximately $512 million. The deal marks the conclusion of a decade-long partnership…
“In Miami’s favor”: Mamdani’s New York win a boon for South Florida, industry says
“This may be the proverbial straw that breaks the camel’s back” As fears grip New York’s real estate industry following Zohran Mamdani’s primary mayoral race win, the feeling is far more upbeat in South Florida. The industry here is gushing over the prospect of an influx of New York investors and high net worth individuals, prompting a second residential and commercial…
Winners and losers emerge in South Florida’s condo boom
Oversupply, cost issues hitting some developers as aging condo market falters If you want to know if the South Florida housing market is doing okay, a Magic 8 Ball might give you as clear an answer as a panel of local industry experts. “Without a doubt,” you’ll see one minute. “As I see it, yes.” “Reply hazy, try again,” comes next. Then: “Don’t count on it.” It gets worse.
Related Group CEO and son of Jorge Pérez on succession, working with family and state of Miami’s condo market Jon Paul Pérez assumed that he would start working at his father’s company, the Related Group, shortly after graduating from college. It made sense. He spent summers interning at Related, and though he got good grades, he also enjoyed himself.
Macklowe sells multifamily dev site near Dadeland Mall at discount to Related for $20M
New York developer had paid $32M for 1.6-acre property in 2022, planned a 770-unit project Harry Macklowe and Related Group’s Jorge Pérez with the site at 8609 Southwest 72nd Avenue in Miami-Dade County and a rendering of the previously planned project at that site (Getty, Macklowe Properties, Arquitectonica, Google Maps) Harry Macklowe sold a development site…
DOGE slashes nearly 217K sf of government leases across Florida
Roughly one-third of cuts occurred in Miami-Dade and Broward counties, according to Avison Young The DOGE slashathon has led to the cancellation of nearly 217,000 square feet of federal government leases in Florida, with slightly more than a third of terminations occurring in Miami-Dade and Broward counties. As a result, Florida ranks as the state with the seventh highest…
Billionaire developer Steve Ross buying nearly half of Miami Open
85-year-old also has controlling stakes in Miami Dolphins and Formula One Miami Billionaire Steve Ross is buying a stake in the Miami Open, marking the real estate mogul’s continued investment in South Florida sports. The 85-year-old is nearing a deal for a 45 percent ownership of the tennis tournament, according to Front Office Sports, a publication focused…
Related, Dezer and BH complete Sunny Isles buyout for planned condo tower
Developers’ 100-unit acquisition of oceanfront teardown is valued at $132M A trio of real estate heavyweights closed on the remaining units at an aging condo complex in Sunny Isles Beach for $131.8 million, after more than a decade in the making. The Pérez family’s Related Group, Gil Dezer’s Dezer Development and Isaac and Liat Toledano’s BH Group completed the bulk…
Ex-basketball player Raanan Katz keeps growing his South Florida retail empire
Miami Heat minority owner controls shopping centers from Sunny Isles Beach to New England Raanan Katz loves basketball and shopping centers. But the 89-year-old Israeli-born retail investor is no longer NBA material. Instead, up and down Collins Avenue in Sunny Isles Beach, his logo’s basketball swishes through a 2-D net on the facades of multiple RK Centers…
Michael Stern’s JDS wins final OK on upzoning for South Beach high-rise
Residents were split on the height increase for the bayfront property next to Monad Terrace Developer Michael Stern’s JDS Development Group notched a major win with the upzoning of a property in South Beach, where he plans a bayfront luxury condo tower next to the Monad Terrace project he built. Miami Beach commissioners on Friday granted final approval…
Martin joined as a 25% partner last year; plans are for a luxury condo, hotel David Martin and Richard Meruelo with a rendering of the planned project at the Deauville Beach Resort property along with the original Deauville Beach Resort in Miami Beach (Getty, Terra, Google Maps) Miami Beach commissioners granted final approvals to the Meruelo family and David Martin…
Deauville Redevelopment With New Foster + Partners Tower Gets Commission Approval
The Miami Beach City Commission has granted final approval to a redevelopment of the Deauville by developer Terra. The plan includes a new residential tower designed by Foster + Partners. It also includes a partial reconstruction of the Deauville Hotel’s historic pedestal and a new reinterpreted tower (the Deauville has already been demolished).
On Friday, June 27, the Miami Beach City Commission granted final approval to Terra’s redevelopment plans for the historic Deauville Beach Resort site at 6701 Collins Avenue in North Beach. The vote concludes the required development agreement and land-use approvals, clearing the way for a transformative project that includes a new residential tower designed…
Garden Healthcare expands into South Florida with $24M Cutler Bay retirement home purchase
Columbus, Ohio-based firm bought 403-unit complex in Cutler Bay Garden Healthcare’s Barry Braunstein and East Ridge at Cutler Bay at 19301 SW 87th Avenue. Out-of-state retirement home operator Garden Healthcare took its first dip into South Florida, acquiring a Miami-Dade County facility for $24 million. Two affiliates of Columbus, Ohio-based Garden Healthcare…
Miami residents cry foul over expansion of transit-oriented zoning
Commissioners approved the ordinance on first reading with changes Miami residents spoke against a citywide expansion of transit-oriented zoning incentives at Thursday’s commission meeting, with one member of the public calling it an example of “another money-motivated manipulation at Miami City Hall.” Commissioners voted on first reading to approve the ordinance…
Developer proposes 108-unit multifamily redevelopment of north Miami-Dade retail center
Five-story building planned for Palm Springs North neighborhood A developer proposes a 108-unit multifamily project at a shopping plaza in north Miami-Dade County. Adell Investments, led by Jorge and Julio Quintana, proposes the five-story HUB Palm Springs North building on the 3.1-acre lot at 17601 and 17775 Northwest 78th Avenue and 7750 Northwest 178th Street…
Investor loses civil case to recoup $1M for development of Miami Beach condo project
Miami-Dade judge ruled lead equity partner Dhruv Piplani did not mislead Hang Bae Lee about potential returns on his investment for Three Hundred Collins JMH Development’s Jason Halpern and Three Hundred Collins at 300 Collins Avenue (Getty, JMH Development, Google Maps) An investor lost a civil case seeking to recoup his $1 million loss from the development…
Russell and Marisa Galbut’s GFO lands $54M loan to build Miami Beach Whole Foods
Firm acquired Wells Fargo redevelopment site for $15M Russell and Marisa Galbut’s GFO Investments scored a $54 million construction loan to build a new Whole Foods-anchored retail building in Miami Beach. Miami-based Ocean Bank provided the financing, records and real estate database Vizzda show. An affiliate of Miami-based GFO paid $15 million…
Pitbull’s charter school could buy historic Olympia Theater from city of Miami in no-bid deal
Commission to vote on sale of downtown property at Thursday’s meeting Update: Miami commissioners voted on Thursday to defer the resolution to potentially sell the Olympia Theater located at 174 E Flagler to its July 24 meeting. City of Miami commissioners will vote on a resolution to sell the historic Olympia Theater in downtown Miami to rapper Pitbull’s charter school nonprofit.
City sale of Olympia Theater gets go-slow
Miami city officials are holding off on a proposal to transfer ownership of the historic Olympia Theater to a charter school operator following pushback over a lack of public input and transparency. During last week’s meeting, the Miami City Commission unanimously agreed to defer voting on the purchase and sale agreement to July 24. Meanwhile, city staff will host public meetings…
Blackstone’s South Florida industrial sell-off hits $1B
New York investment giant and Link subsidiary sold Opa-locka dev site for $106M to TA Realty Blackstone and Link Logistics sold another South Florida industrial property — to surpass the $1 billion mark in six separate deals since November. The sales are likely the result of the two firms seeking to cash out investors who backed funds used for the acquisition and renovation…
New Construction Permit Application Filed For 78-Story Ora By Casa Tua In Brickell
A new construction permit application has been filed for Ora by Casa Tua, a planned 78-story mixed-use tower at 1210 Brickell Avenue in Miami’s Brickell neighborhood. The filing was submitted to the City of Miami’s Building Department on June 19 by Fortune International Group, which acquired the development site in 2024. The permit, with an alternative address 1205 Brickell Plaza…
Brickell House Rooftop Commercial Condo Units Headed To Bankruptcy Auction
A company linked to Venezuelan banker Eligio Cedeño is selling its three rooftop commercial condos at Brickell House via a court-approved bankruptcy auction. Ectul Holdings LLC received approval for the auction after filing for Chapter 11 bankruptcy to avoid the units’ foreclosure in March. The auction is scheduled for July 31, the South Florida Business Journal reported.
Miami’s Rise to a Global Wealth Capital Fuels Multifamily Momentum
This year marks the centennial of several Miami municipalities, including Coral Gables and Hialeah, placing Miami-Dade County in a unique position: looking back on a rich history as a sunseeker’s playground, while charging full speed into a future where it is also a tech hub and financial powerhouse, with some dubbing the city as “Wall Street South.”
Second Phase of ‘the Gallery at SoMi Parc’ Proposed for 5949 S.W. 68th Street in South Miami
An affiliate of the Related Urban Development Group intends to move forward with the second phase of the Gallery at SoMi Parc, a mixed-income development in South Florida. The first phase, which finished completion last year, hosts 172 units in seven stories. The second phase is planned to measure 11 stories and feature 390 apartments, along with 8,689 sf…
First Crane Installed At 861-Foot Luxury Condo Tower `1428 Brickell`
In Brickell, an under construction 70-story tower is getting its first crane installed. The cranes will eventually reach a height of over 1,000 feet above ground. The development is known as 1428 Brickell and will have 195 luxury residences. The condo tower is planned to have a permanent height of 861 feet above ground, making it one of the tallest in Miami.
Miami To Aventura Train Service May Have Just Been Defunded By Florida
The much-anticipated rail service planned between Miami and Aventura just lost a big chunk of funding, according to the Herald. The planned regional rail service is known as the Northeast Corridor. It is expected to have seven stops in Miami-Dade, including Downtown Miami, Wynwood and the Design District, before continuing to Aventura and Fort Lauderdale.
New Florida budget cuts funds for Miami-Aventura commuter rail: news report
The new Florida budget signed Monday by Gov. Ron DeSantis eliminates some $200 million in state funding for the proposed Miami-Aventura commuter rail project, the Miami Herald reports. The state money, along with Miami-Dade County funding, was intended to match $389.5 million in federal funds for the 14-mile, seven-station service planned…
Developers Propose 43-Story Towers `Harbor Village’ in North Bay Village
Plans have been filed for two 43-story towers in North Bay Village, in a development named Harbor Village. The towers appear to both exceed 500 feet in height in the filings. That is taller than any other building in North Bay Village. Harbor Village is planned to include a combined: 364 extra large luxury condos (average unit size of 2,148 square feet) around 100k gsf…
Restoration of Coral Gables City Hall on way
Coral Gables City Hall restoration design efforts are now going to be completed in one continuous phase. City commissioners voted Tuesday to move forward with one long phase to start seeing renovation results at City Hall. Divided into two subphases, the first part includes building assessment, recommendations report, schematic drawings, and a detailed cost estimate.
Final vote would dissolve Miami’s Bayfront Park Trust
By a 3-2 vote, the Miami City Commission advanced a proposal to dissolve the Bayfront Park Management Trust amid ongoing disputes and return control of the waterfront venue to the city. Though the resolution passed during first reading last week, it must return for a final vote on July 10. The June 26 discussion detailed long-standing personality conflicts and operational challenges…
Florida International University enrollment spurts
Florida International University continues to welcome students as enrollment rates trend upwards. “FIU is a university of first choice,” said Jody Glassman, assistant vice president for enrollment and university admissions at FIU. “I think that is definitely being seen in enrollment trends overall, which is also the national trend. Public and state universities, a lot of us, are seeing growth…
Houston-Based Barbaz Development Proposes 37-Story LLA High-Rise for 70 NW 36th Street in Miami
A Houston-based developer hopes to get approval for an affordable housing development that would replace an automotive building in Miami-Dade County. Bazbaz Development has proposed a 37-story tower that would feature 364 residential units. Of those units, 40 percent (about 145) would be designated as workforce housing for tenants earning up to 120 percent…
Resorts World Miami Files Plans With FAA For 3 Towers On Former Miami Herald Site
Resorts World Miami is again requesting Federal Aviation Administration approval to develop three towers at the former Miami Herald Property. The company submitted plans with the FAA for the three towers on June 16. The three towers are planned to rise 642, 643 and 645 feet above ground, or 649, 650 and 652 feet above sea level, the filing shows.
Site Work Permit Issued To Build Downtown Miami Tower With 714 Apartments
Miami’s Building Department has issued a site work permit that will allow a new apartment tower to move forward with construction. The permit was issued on June 10, and is for a second tower at downtown Miami’s Namdar site, where two 43-story towers are being developed. The first tower topped off late last year, and is planned to have 680 apartments.
Plans have been submitted for a major residential development by Related Group and Macklowe Properties in North Bay Village. The proposal encompasses the properties at 7946, 8000, 8010, and 8020 East Drive and calls for the construction of two 43-story towers designed by Arquitectonica. The project is scheduled for review by the North Bay Village Planning…
‘Uptown Aventura’ MXU Planned for 21440 Biscayne Boulevard
Our sources have revealed plans for a mixed-use development in Miami-Dade County. Uptown Aventura would feature multiple high-, mid-, and low-rise buildings, offering residential, retail, and hotel space. The South Florida Business Journal reports that Uptown Aventura would comprise 10 buildings. The tallest building will span 30 stories above grade, featuring apartments…
Developer Files Pre-Application for Mixed-Use Project at 1400 N.W. 79th St. in Miami
A mobile home park in South Florida could soon be replaced with an eight-story, mixed-use building. Consolidated Companies Group has filed the venture’s pre-application, hoping to get approval for residences and retail. The residential aspect would comprise 145 homes, with floorplans including one-bedroom and two-bedroom layouts. Square footage would range…
Okan Tower Surpasses 28th Floor on way to 902 Feet as Construction Progresses in Downtown Miami
Construction at Okan Tower continues to move steadily upward, with the reinforced concrete superstructure now rising beyond the 28th floor, placing the tower more than 40 percent of the way to its planned 70-story height. Located at 555 North Miami Avenue in Downtown Miami, the 902-foot-tall mixed-use tower is being developed by Okan Group, with design by Behar Font….
Construction Starts on Unnamed 12-Story Venture at 7737 NE 2nd Avenue in Miami
Construction has commenced on a 12-story “design-forward” development in Miami-Dade County. Florida YIMBY reported on this venture two years ago. Our report shared that the venture will comprise 191 rental units, spanning 350,000 square feet of new construction. Homes will span studio to three-bedroom layout plans. Residents will have access to a host of on-site amenities…
Construction Permit Application Submitted For 78-Story Ora By Casa Tua in Brickell
A construction permit application has been filed for the 78-story Ora by Casa Tua tower in Brickell. The filing was submitted to Miami’s Building Department on June 19. According to the filing, the new building is planned to include: 533 condo units on floors 12 through 75 58,089 square feet of office on floors 1 through 8 31,587 square feet of restaurant on floors Lobby…
Chicago Developer Breaks Ground On 191 ‘Design-Forward Rental Units’ In Little River
Chicago-based CEDARst Companies says it has broken ground on a new apartment complex in Miami’s Little River neighborhood. The development will include 191 “design-forward” rental units, 8,000 square feet of ground-floor retail, and 302 parking spaces. The retail will have 18-foot ceilings, and is being designed to activate the streetscape and enhance walkability.
Recently Opened Edgewater Apartment Tower `2000 Biscayne` Already 75% Leased
In Edgewater, the 2000 Biscayne apartment tower that opened less than a year ago has already leased hundreds of units to new residents. The 36-story tower includes 420 apartments, and most have now been leased. The joint-venture ownership of the tower, which includes Kushner Companies and PTM Partners, have now obtained $87.3 million in refinancing.
Walker & Dunlop Arranges $87.3M Refinancing for 2000 Biscayne Apartment Tower in Miami
Walker & Dunlop has arranged an $87.3 million loan for the refinancing of 2000 Biscayne, a new 36-story apartment tower in Miami. Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Michael Stepniewski, Dustin Stolly, Jordan Casella, Christopher de Raet and Stanley Cayre of Walker & Dunlop’s New York City capital markets team arranged the financing…
Kushner Cos. JV Lands $87M Refi for Miami Tower
Kushner Cos., in joint venture with PTM Partners, has secured an $87.3 million refinancing loan for 2000 Biscayne, a 420-unit residential tower in Miami. Corebridge Financial provided the loan, while Walker & Dunlop arranged the deal on behalf of the ownership. The refinancing note will retire a previous $82.5 million construction loan issued in 2022 by Valley National Bank…
$30.5 Million Construction Loan Secured For Origin Bay Harbor In Bay Harbor Islands
S3 Capital has originated a $30.5 million construction loan for Origin Bay Harbor, a boutique 27-unit luxury condominium located at 9740–9760 West Bay Harbor Drive in Bay Harbor Islands. The project, developed by VDA Development, will include nine private boat slips along more than 100 feet of water frontage on the island’s northwestern shoreline.
North Miami to Aventura Sees Surge in Development and Lifestyle Investments
A stretch of Northeast Miami-Dade from North Miami to Aventura is experiencing rapid transformation, emerging as one of South Florida’s most active development corridors. A wave of residential, retail, culinary, wellness, and infrastructure investment is reshaping the area into a mixed-use urban district with growing regional influence. From large-scale housing proposals…
Lease roundup: BH, Electra’s Cutler Bay project lands university, Presidente Bar opens in Wynwood
Also, Fort Lauderdale’s Thrive Arts District scored restaurants, tattoo studio and more A private for-profit university will consolidate its Southland Mall facilities into a new campus at the planned redevelopment of the Cutler Bay mall. NUC University Florida Technical College, which is accredited, leased 30,000 square feet at Electra America and BH Group’s mixed-use project…
Central Fare Food Collective Opens At Brightline’s MiamiCentral
Brightline has opened a large new food hall to cater to the growing number of residents in the area. The new Central Fare Food Collective opened on June 17. It includes 12 food and beverage concepts: Cotoita El Turco Express Guchi’s Handroll Bar Icy-N-Spicy Josh’s Corner Diner Peel! Peppi’s Steaks & Hoagies Rosetta Bakery Stanzione Pizza Stephanie’s Crepès Switchpoint…
Auction date set for troubled Pembroke Pines condo complex in receivership
Residents were evacuated in August after safety concerns and allegations of mismanagement An embattled Pembroke Pines condo complex in receivership hit the market. Heron Pond, consisting of 19 two-story lakefront buildings with 304 units at 8400 Southwest First Street, was evacuated last August following monthslong concerns over its structural integrity and unsafe…
Developers building Eturna condominium on Hollywood Beach
Seven-story, 36-unit project is on an Ocean Drive site one block from the beach Four co-developers have found buyers for about 40 percent of the units at Eturna, a boutique condominium on Hollywood Beach, and expect to complete construction of the project by fall. They say pre-construction buyers have agreed to purchase 15 units in the seven-story, 36-unit development…
21-Unit ‘One North Birch’ Proposed for 1 N Birch Road in Fort Lauderdale
Las Olas Harbor Club, LLC has proposed a 13-story luxury development in Broward County. One North Birch would comprise 21 units, with about two on each floor. The spacious residences would measure 4,000 square feet. Communal amenities are to include a swimming pool and deck, fitness center, and club room. Floridian Development notes that future plans could include dock access.
Auction Set For 25-Acre Broward Condo Complex Residents Were Forced To Evacuate
A 36-year-old condo complex in Broward County is heading to auction nearly a year after the city of Pembroke Pines deemed it structurally unsafe for residents. A court-appointed receiver scheduled a public auction of the Heron Pond Condominium Association for Sept. 25. Avison Young and Fisher Auction Co. are handling the marketing and sale process for the 304-unit…
Stiles, FCA Partners Complete Redevelopment of Shopper’s Haven in Pompano Beach
Fort Lauderdale-based Stiles and Charlotte, North Carolina-based FCA Partners have completed the redevelopment of Shopper’s Haven, a 200,144-square-foot retail center in Pompano Beach, roughly 36 miles north of Miami. A new Publix Supermarket — which opened June 26 — anchors the center. Dunphy Development provided additional development…
Venture X Opens Boca Raton Coworking Location
The 30,000-square-foot flex office at Palmetto Central Campus features reception services and a community lounge area. Image courtesy of Grover Corlew Flex office provider Venture X has opened its newest coworking location at Grover Corlew’s Palmetto Central Office Campus, located at 1489 and 1499 W. Palmetto Park Road in Boca Raton, Fla. The coworking brand will occupy…
Plans Unveiled for 8-Story `Link at Boca` at 680 West Yamato Road in Boca Raton
13th Floor Investments has unveiled plans for Link at Boca, a new transit-oriented development located at 680 West Yamato Road in Boca Raton, Florida. The project is slated to break ground this summer and will bring 340 residential units and 24,000 square feet of ground-floor retail to a site directly adjacent to the Boca Raton Tri-Rail Station.
Terra and Frisbie pay $21M for Palm Beach Kennel Club site, plan 400 apartments
Developers plan to add to their assemblage and develop a total of 1,145 units, records show Terra and Frisbie Group paid $20.9 million for a Palm Beach Kennel Club site planned for a 400-unit apartment complex, marking the first phase of their redevelopment of the former dog track. Coconut Grove-based Terra, led by David Martin, and Palm Beach-based Frisbie bought…
Developers Acquire Land for ‘Westgate Village’ at 1111 North Congress Avenue in West Palm Beach
Terra and Frisbie Group are moving forward with Westgate Village, a mixed-use development on the site of the former Palm Beach Kennel Club. The three-phase project, which is anticipated to reach completion in 2032, will comprise 1,145 residences. The phases will yield 400, 340, and 405 units, respectively. According to the Real Deal, Westgate Village will feature workforce…
Gilbane, in partnership with Palm Beach Atlantic University, has achieved financial close on a $240 million mixed-use student housing development set to rise in downtown West Palm Beach. The public-private partnership will deliver a 25-story tower at the intersection of Acacia Road and South Dixie Highway, addressing the university’s growing housing needs…
Inside financier Forman Capital’s playbook amid private lending boom
The firm’s business has been propelled to new heights as banks retrench. But what if the market turns? Late last year, a developer needed a hefty loan to get started on a 15-story condo tower in Naples. Prospects were grim. Banks had retrenched amid elevated interest rates, insurance was expensive and questions over the project’s viability loomed.
Amid a landscape marked by geopolitical shifts, evolving trade policies and economic uncertainty, the industrial commercial real estate sector is undergoing significant transformation. New research from Prologis introduces the Leasing Driver Dimensions framework, a tool designed to help stakeholders understand the complex and varied motivations behind lea…
Revoked Visa Programs, Increased Deportations Heighten Risks To Construction Labor Force
The ice cream shop in CityPlace Doral would normally be bustling on a Tuesday afternoon when the temperature is over 90 degrees. But last week, no one was sitting to enjoy their gelato or linger over a coffee. In the city of Doral in Miami-Dade County, nicknamed Doralzuela for its hefty Venezuelan community, typically lively streets are noticeably quieter in recent months…
Creative Self Storage Solutions Offer Community Appeal
I’m having a hard time wrapping my mind around this situation—it sounds completely untrue. There’s probably more to the story than what we see on the surface, but from a self storage developer’s perspective, it’s definitely jaw-dropping. I understand that municipalities don’t love self storage facilities. They don’t generate gross receipts taxes, they don’t create many jobs…
Video: Yardi Matrix Director of Institutional Research Tyson Huebner Discusses Self Storage Sector
In a recent episode of America’s Commercial Real Estate Show, the host delved into the intricacies and future prospects of the self-storage sector in the commercial real estate market. The show took a detailed look at the self-storage industry. The host’s guest, Tyson Huebner, Director of Institutional Research with Yardi Matrix, provided valuable insights into the sector…
More than 50,000 U.S. Apartments Have Been Delayed Nationally Since 2018
Labor disruptions have recently emerged as a significant concern among apartment developers. That new threat adds to the concerns of tariff implementation, surging insurance premiums and rising construction costs. Roughly 500,000 units have been delayed across major apartment markets since 2018, according to data from RealPage Market Analytics.