Ares cements top ranking for pricey purchases in South Florida, paying $147M for Miami Lakes industrial complex Ares Management paid $147 million for a recently completed Miami Lakes warehouse complex, notching the biggest industrial purchase so far this year. It’s also the third time in less than a year that Los Angeles-based Ares dropped nine […]
In a recent episode of America’s Commercial Real Estate Show, the show’s host engaged with Carl Whitaker, Director of Research & Analysis, Market Analytics at RealPage, to discuss the multifamily housing market. Their conversation explored current trends, market forecasts, and challenges facing multifamily properties in the U.S., offering valuable insights for investors, developers, and industry […]
Whale & Star Wynwood to Develop Eight-Story Cloud One Hotel, Residences in Miami A joint venture doing business as Whale & Star Wynwood Owner LLC has announced plans for a new, eight-story mixed-use project in the Wynwood neighborhood of Miami. Spanning half a city block at 2215 N.W. 1st Place, the development will feature a […]
Mas brothers site once touted for MLS stadium getting 1,219 residences A large vacant property in Overtown that at one time was considered for a professional soccer stadium is now being developed into a major residential and mixed-use neighborhood. The sweeping project is a collaboration between 0101 Miami Properties LLC, led by brothers Jorge and […]
The Discussion: Navigating the Dynamics of America’s Multifamily Real Estate Market In the realm of real estate, few sectors have captured investor interest and market attention quite like multifamily properties. Offering a blend of stability, demand, and potential for growth, multifamily real estate has been a favored asset class for many investors, particularly in the […]
Multifamily properties offered for sale generally go up on one or more listings platforms, one of which is the commercial MLS. It has seemed that there has been a rash of multifamily listings in recent weeks. Conveniently, the commercial MLS allows one to checks such a perception by viewing active listings counts over time, filtered […]
The Conversation: Navigating the Real Estate Landscape: Insights from Industry Experts In the realm of commercial real estate, staying informed about market trends, performance metrics, and investment opportunities is essential for both seasoned professionals and newcomers alike. Recently, a conversation on “America’s Commercial Real Estate Show” delved into the multifamily and student housing sectors, providing […]
In the chart above of the Federal Reserve’s Multi-Family Real Estate Apartment Price Index,, retrieved from FRED (Federal Reserve Bank of St. Louis) on February 9, 2024, one can see that multifamily prices have recently declined considerably. What also stands out is that this level of decline has only happened one other time since 1996, […]
The Conversation: Navigating the Future; Insights from BGO Chief Economist on the Economy and Commercial Real Estate Market In this video, BGO Chief Economist Ryan Severino joins America’s Commercial Real Estate Show to discuss the economy and the U.S. commercial real estate market. Discussions include Severino’s views on the various property sectors moving forward as well as […]
The Discussion: Navigating the Challenges of Office to Multifamily Conversions: A Closer Look at Incentives Introduction: In a recent episode of “America’s Commercial Real Estate Show,” Guest Ron Gart with Seyfarth delves into the complexities and challenges of converting office properties to residential spaces. The conversation explores the current state of the commercial real estate […]
Amancio Ortega’s Pontegadea pays $113M for Hialeah cold storage Spanish billionaire Amancio Ortega’s real estate family office is expanding its cold storage business, acquiring its second Hialeah freezer facility in seven months. An affiliate of Ortega’s Pontegadea paid a cool $113 million for Bridge Point Cold Logistics Center, a 312,000-square-foot warehouse at 3995 West 108th Street, […]
Key International Reveals Plans For A New 50-Story Office Tower At 848 Brickell Avenue In Miami’s Financial District Key International, led by Inigo and Diego Ardid, has proposed concepts to redevelop the firm’s 848 Brickell office building into “Miami’s most iconic class-A office tower.” As the long-time owners of the existing building, Miami-based Key International […]
Carl Whitaker, Director of Research & Analysis, Market Analytics with RealPage, joins America’s Commercial Real Estate Show to discuss multifamily rent growth, occupancy expectations, new supply, and when multifamily performance may change. He notes that year over year stats may be negative nationally for September once it is reporting. He thinks that month or October […]
Udonis Haslem, Magellan plan 200-unit low-income housing project in North Miami Former Miami Heat star Udonis Haslem and Magellan Housing plan a 200-unit project with affordable apartments and workforce-priced townhouses for sale in North Miami, The Real Deal has learned. Miami-based Magellan and Haslem, who retired from professional basketball this year, want to develop Catherine Flon […]
Here’s How Miami’s Urban Development Review Board (UDRB) Voted On Major Projects Last Month Miami’s Urban Development Review Board had a full agenda of projects that it voted on last month. Here are the results from the June 21 meeting: 700 NMA The UDRB voted to recommended approval with the two conditions: Explore improved pedestrian […]
Leste, Brazilian partner plan 500-unit apartment tower in Brickell Leste Group and Brazilian real estate firm Opportunity Fundo de Investimento Imobiliário plan a 500-unit apartment tower in Brickell, marking the first project in their $1 billion South Florida development pipeline. Through the pair’s newly formed joint venture, LORE Development Group, the partners want to build a […]
