The Miami Downtown Development Authority has published a January 2016 Study of Retail Market Conditions. Highlights include: About 1.425 million square feet of retail are planned or under construction, most within Brickell City Centre. Downtown Miami contains about 6.5 million square feet of retail, with rents varying widely from the high teens to more than […]
After falling by nearly half from its 2006 peak, the Case-Shiller index has appreciated by more than 50% from its 2011 trough as of November 2015. This level is now about 26% less than the peak levels of 2011, confounding many that thought such recovery would take years if not decades more. This strength has […]
It was being reported that in November Miami commissioners deferred a vote until late January that would modify the Miami 21 zoning code. The changes could have made small lot development a thing of the past. As this post goes live, the City of Miami Commissioners are having their Planning and Zoning meeting, and this item […]
The capitalization rate (cap rate) for retail properties in Miami-Dade County that are 5,000 square feet or larger (4,855 properties), as reported by Costar, remained under 6% in the most recent period, as can be seen in the accompanying chart. This represents a significant decline from five years prior, when cap rates for such retail […]
The National Association of REALTORS (NAR) together with Deloitte and Situs RERC will once soon release an annual commercial real estate market outlook for the year. The report, Expectations And Market Realities 2016, will assemble a wealth of research and data from a large set of data providers, respondents to surveys, economists, analysts, reviewers, business associates and colleagues. Related […]
The unemployment rate in Miami-Dade County As can be appreciated in the accompanying chart (Unemployment Rate in Miami-Dade County, FL November 1, 2005 to November 1, 2015), this rate has not been significantly lower since 2008, and is about half the peak level reached around 2010. This low unemployment level bodes well for commercial real […]
Alta Developers is a Miami based real estate joint venture development firm. Its members have been involved in a number of the more notable additions to the Miami area real estate landscape, with current projects including One Paraiso, Le Parc at Brickell, Baltus House, Neovita, The Mile and numerous past projects such as 900 Biscayne, Metropolis at Dadeland, […]
The Federal Reserve has released its Beige Book Summary of Commentary on Current Economic Conditions by Federal Reserve District. A number of comments for district 6, which Florida and thus Miami is a part of, relative to commercial property or real estate in general were included: Residential real estate brokers and builders noted mixed sales activity […]
The U.S. Treasury yield curve has shifted up slightly in the past year, as can be seen in the accompanying chart. Rates, albeit still low, are about 25 to 50 basis points higher at every maturity versus their level about a year ago. The consensus among prognosticators of late has been that rates will edge […]
At the end of the 4th quarter of 2015, U.S. Treasury yields, on a nominal basis, were slightly higher in all maturities, ranging from around 10 basis points to about 40 basis points. On a real basis, yields were only a touch higher, as the increase in nominal yields was offset by a slightly more […]
In the twelve months ending December 31, 2015, Keyes Commercial Realty dominated the Miami MLS market share rankings by number of sales transactions of commercial improved properties within Miami-Dade County. The firm’s impressive 30.1% market share among the top 10 brokers of such properties was more than 2 1/2 times that of its nearest competitor and greater than the […]
With corporate offices in New York, New York and Miami, Florida, Equity One, Inc is a real estate investment trust (REIT) that is traded on the New York Stock Exchange under the symbol “EQY/” The company owns, manages, acquires, develops (and redevelops) retail properties in numerous locales: New York, New York; Boston, Massachusetts; Washington, D.C.; San […]
A global private company, the Rockefeller Group is based in New York, New York. It is primarily involved in real estate operations within the United States, and is a majority owned subsidiary of Mitsubishi Estate Co. Ltd. The Rockefeller Group has initiated some of the largest projects in commercial real estate in the United States, […]
Map of Moishe Mana Properties*: View in Google Moishe Mana is an Israeli born (Tel Aviv) American entrepreneur, real estate developer, and art collector and philanthropist that is most well known in Miami for his real estate related exploits. Currently he is developing a large scale mixed business, residential, and art complex in the Wynwood […]
Thor Equities, LLC, is a real estate development and investment firm based in New York City that is active worldwide. The company’s specialty is acquiring and developing high street investment properties in major retail locations around the world . Thor’s portfolio in New York City includes retail properties on Fifth Avenue, the Meatpacking district, Coney […]
