Many commercial real estate professionals and tenants have difficulty understanding how space footage is measured for the purpose of commercial rental space. This is an important concept to understand because you do not want to agree to lease a property that does not have adequate usable space for your purposes. Commercial square footage falls into […]
Industrial real estate, sometimes referred to as warehouse property or industrial properties, is a lucrative branch of commercial real estate. Industrial real estate is made up of the following categories of buildings: Manufacturing facilities Storage buildings Warehouses and distribution facilities Essentially, industrial properties are solely dedicated to the above activities but on occasion, some of […]
Mana Downtown Mania: Moishe Mana has bought more… Moishe Mana has bought more Flagler Street property, not that anyone should be surprised in the least. Here’s another piece he recently bought. The man’s private downtown kingdom (not including the big chunk of Wynwood he also owns) now entails nearly 5 acres of land. “From a […]
American Dream Mall: Raquel Regaldo Responds to Mayor Carlos Gimenez Raquel Regalado announced she is running for Mayor. This video takes a moment to load but worth the wait. I am happy about her running. No more theme park ideas to deal with. If you watch you will see she will destroy him in debates. […]
In this classic film clip, Rodney Dangerfield takes issue with the professor’s projected construction costs. Those involved in commercial real estate development may find this less humorous.
New Terranova buildings geared to expand Lincoln Road district Terranova Corp. is developing two new three-story buildings near Meridian Avenue in Miami Beach, bringing additional retail stores and a rooftop restaurant to the Lincoln Road area, Chairman Stephen Bittel told The Real Deal. The new sites, at 723 Lincoln Lane and 801 Lincoln Road, are […]
The commercial Real Estate industry in Miami has a very promising future for international investors looking for investment opportunities in Miami. A recent study concluded that the construction of new office establishments is on the decline. This is because of the demand for commercial real estate as a result of increasing population and a sparked […]
Developer Announces Plan To Build Nation’s Largest Mall And Theme Park In Miami Developer Triple Five is proposing to build a mall near Miami Lakes that could be the largest in the U.S. In addition to the mall, the project would include a theme park with simulated ski slopes, an ice skating rink, a legoland, submarine rides […]
866-Foot Downtown Tower Called Liquid Lofts In The Planning Stage Architect Charles Sieger could be planning a residential tower in downtown Miami. Earlier this month, an application was submitted to the feds to build an 866-foot tower called Liquid Lofts. It would be located at 37 SW 1st Street, on what is currently a parking […]
Former Navarro Discount Pharmacies HQ building sold for $18 Million The building that formerly served as Navarro Discount Pharmacies’ headquarters in Medley was sold for $17.85 million. NDC Properties, an affiliate of Miami-based MMG Real Estate led by Marcel L. Navarro, sold the warehouse/office at 9400 N.W. 104th Street to Columbia Florida 104th Industrial, an… […]
The Wells Fargo Center is Gold certified and has risen to become Miami’s foremost business address. This enormous skyscraper is 47 stories high and located in the heart of Miami’s proud renaissance. The tower is full of modern architectural innovations ranging from an impact resistant glass architecture to a 25,000 square foot floor plan. Wells […]
Miami’s Greater Downtown condo market cooling down: report The downtown Miami condominium market is cooling, as many foreign investors retreat to the sidelines amid currency devaluations against the U.S. dollar, according to a report released Tuesday by Miami’s Downtown Development Authority. The presale absorption of units has slowed… Ross to Open 4 South Florida Stores […]
Why Some Office Users Are Moving North to Broward Why would multinationals prefer Broward County over Coral Gables or Downtown Miami? Hogan’s Stephen Smith gives GlobeSt.com’s Jennifer LeClaire his take on the topic…. A Rooftop Basketball Court for Nike Flagship on Lincoln Road? Nike wants to build a basketball court and jogging track atop of […]
Below are some links to pages with old photos of Miami, Florida: 1925 newspaper ad for Golden Beach waterfront lots From the Miami Daily News, Feb. 25, 1925. Miami Herald newspapers loaded onto Pan American plane in 1947 South Beach, 1976 2nd Street looking east from Alton Road. 100 years ago…Miami’s population hits 18,000 From […]
The National Association of Realtors® has published its Commercial Lending Trends Survey for 2015. Highlights of the survey include: Commercial vacancy rates declined for core property types. Availability is anticipated to continue contracting for retail, office, and industrial properties in 2015 and beyond. Vacancies for apartments are estimated to rise due to supply increases. Commercial rents […]
The capitalization rate, commonly referred to as the cap rate, is the ratio of Net Operating Income (NOI) to a property’s value. For example, a property listed for $2,000,000 that generated an NOI of $140,000 would be offered at a cap rate of 7%. Regretfully, there is considerable variance in how this is represented. Many […]
