For commercial property of all types in Miami’s zip code 33165 the top buyers in the past year as listed by Costar on March 16, 2016, were: Equity One, Inc.; University Shoppes Summit, LLC; IMC Equity Group; Leon Medical Centers; Acedemica Corporation; Antonio Bacallao; Bayrock Investment Company; Orlando Horta Jr; Christopher M Murray; RAND Real […]
The capitalization rate (cap rate) for mid-market industrial properties in Miami-Dade County (10,000 to 50,000 square feet) drifted to just under 7% in the most recent period reported by Costar. As can be seen in the attached chart, cap rates over the past few years have moved between 6% to 8% midpoint, and of late have […]
The Miami Downtown Development Authority (Miami DDA) published its annual report for 2014-2015. The report reflects on the past year, which welcomed a flurry of exciting developments. Some excepts: next year holds the promise of even more with All Aboard Florida, Miami Worldcenter, and the Flagler Street Beautification Project getting under way, and the completion of Brickell City […]
For commercial property of all types in Miami’s zip code 33135 the top buyers in the past year as listed by Costar on February 10, 2016, were: Saglo Investors; Miami-Dade Community College; Sterling Building Inc.; Publix Supermarkets Inc.; Burke Leighton Asset Management; Leon Medical Centers; Ada Group 8th Street LLC; Christy D, LLC; Izhak Wanounou; […]
In addition to being featured in many of the charts in the Wells Fargo Securities Fourth Quarter 2015 Commercial Real Estate Chartbook, Miami is mentioned within the text: Favorable demographics suggest the apartment sector has more room to run, but we suspect we are beginning to see signs of the imminent moderation in Class B/C apartment fundamentals as […]
For industial properties in Miami-Dade County (trends) from 10,000 to 50,000 square feet, the top buyers in the past year as listed by Costar on February 24, 2016, were: Thor Equities; The Rockefeller Group; Terreno Realty Corporation; CoFe Properties LLC; Falcone Group; IMC Equity Group; East End Capital Partners, LLC; The Carlyle Group; Alecta; Seagis Property Group […]
Above is a color coded chart of vacant land sales per acre (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 […]
In this video, Mitch Rochelle and Andy Warren of PwC (PriceWaterhouse Coopers) join host Michael Bull to discuss the highlights of the much anticipated PWC report “Emerging Trends in Real Estate 2016”.
The accompanying image, which lists existing retail inventory in greater downtown Miami, is from the January 2016 Greater Downtown Miami Study of Retail Market Conditions Report.
Former Miami Heat sharpshooter Ray Allen is back in the spotlight. This time, the two-time NBA champion, with his wife Shannon Allen, is reportedly opening Grown, an organic fast food restaurant, at 8211 South Dixie Highway, Miami, FL, 33133. It is set to open in March of 2016. Shannon Allen noted that the idea for Grown goes back six […]
For commercial property of all types in Miami’s zip code 33144 the top buyers in the past year as listed by Costar on February 18, 2016, were: Estate Investments Group; Eunice Singer De Russoniello; Steve Halegua, P.A.; Living Care Solutions; Rodolfo Dumenigo; Mario A. Lamar, P.A.; CGI Companies, Inc.; Orion Real Estate Group; Brandon Partners; […]
For commercial property of all types in Miami’s zip code 33126 the top buyers in the past year as listed by Costar on March 2, 2016, were: Hines; NorthStar Realty Finance Corp; CBRE Global Investors; Ashford Hospitality Trust, Inc.; Brookfield Asset Management, Inc.; Franklin Street Properties Corporation; Carter USA; DRA Advisors, LLC; Noble Investment Group; The Summit […]
PWC, also known as PriceWaterhouseCoopers, has published is 2016 Emerging Trends in Real Estate® report, covering commercial real estate of all types in the United States and Canada. Miami is mentioned throughout the report in many of the tables and charts as well as in the text of the report. Below are some excepts specific to Miami […]
The capitalization rate (cap rate) for mid-market office properties in Miami-Dade County (5,000 to 10,000 square feet) drifted to just under 6% in the most recent period reported by Costar. As can be seen in the attached chart, cap rates have gyrated around 6% to 7% midpoint, and of late have been in decline since their 2013 […]
The National Association of Realtors® (NAR) Commercial Real Estate Outlook for the first quarter of 2016 focuses on market performance large and small commercial property sectors. The report provides an overall view of economic indicators, investment sales of commercial real estate, and commercial property leasing fundamentals. Some highlights of this quarters reports include: Rising employment levels […]
For office properties in Miami-Dade County from 5,000 to 10,000 square feet, sales volume in 2015, approaching $70 million, hit a 10-year high. This is about 40% higher than the prior year and 80% higher than 2014. Related Miami-Dade Countr (Miami area): Office property trends Office property listings This was compiled using data from the CoStar […]
