Both Miami, now with the third most dense skyline in North America (video: watch it grow 1990-2016; interactive growth chart), and Sunny Isles Beach make the list of 18 cities in the USA that have at least five skyscrapers. The tallest building in Miami is the Panorama Tower, rising 868 feet, while the Muse at […]
Richard Fendelman, a Coconut Grove based film maker, has created a 360 degree virtual reality video – embedded herein – showing the demolition underway at Cocowalk, “The Demise of Cocowalk as We Know It in 360° VR.” and Grovite, sent me this video he took of the final stages of CocoWalk called, “The demise […]
At the end of the 2nd quarter of 2018, U.S. Treasury yields, on a nominal basis at all maturities except the longest, increased as much as 25 to 30 basis points. On a real basis, however, rates were essentially unchanged at all maturities. The interest rate environment has the ability to affect commercial property economics […]
This video from Miami Channel 10 News profiled the 16 million square feet being developed on 27 master planned acres as Paramount Miami Worldcenter. The development features 10 to 30 foot sidewalks with retail everywhere, a sprawling 60-story residential tower, links to Metromover and Brightline, a 1,700 room Marriot Marquis with a 5,000 square feet […]
FOR SALE: 1001 Park Centre Blvd, Unit 1007 (also referred to as 1007 Park Centre Blvd), Miami Gardens, FL 33169
This light industrial condo at 1007 Park Centre Blvd, alos known as unit 1007 at 1001 Park Centre Blvd or at 1001-1015 Park Centre Blvd (thank the various listing platforms for the confusion), was sold on 12/30/20, and is no longer available. If you’re interested in properties like this, contact James Hawkins. Features of this […]
Offering Memorandum Park Center Business Center Condo Association Declaration Doc Miami Gardens Zoning Information & Resources Information Page for Property Also see 1007 Park Centre Blvd High Definition Photos of 1003 Park Centre Blvd / 1001 Park Centre Blvd Unit 1003 Click through any thumbnail below for the full high definition photo. […]
“It’s tough to make predictions, especially about the future.” ~Yogi Berra In the accompanying chart of the United States civilian unemployment rate from January 1948 to April 2018, one can clearly see that the economic recovery we are currently in, if defined by a drop in unemployment, is one of the longest and most pronounced […]
You may have read here or heard otherwise that Miami boasts the third most dense skyline in the United States. Much of this growth happened in the period from 1990 to 2016, as can be see in this animation. What you may be less aware of is that another such period of growth, this time […]
Looking at the first chart herein, one can see that among U.S. states Florida exports the most to Cuba in the most recent year (2015), albeit with less margin versus number two ranked Georgia that one might guess. Florida’s near $35 million in exports, presumably much of which originates from Miami, represents 18.8% of […]
A recurring theme of late in our commercial real estate brokerage practice is that of difficulty in finding mid-range industrial property, from 10,000 to 30,000 square feet, to purchase. Anecdotally, it has been obvious for a while that the demand for such property is notably disproportionate to the modest supply. This bears out in low […]
In a recent Business Insider article, the indicator with an almost perfect record of predicting US recessions is edging towards a tipping point, Macquarie Bank was quoted, “The yield curve has inverted within the 24 months preceding each of the past five recessions, and has only inverted once without a recession following in the ensuing […]
Given the rise of late in interest rates, it seemed an opportune time to put rates, particularly those of the 5-Year United States Treasury most closely linked to commercial property borrowing rates, into perspective. The accompanying chart, “5-Year United States Treasury Rates from January 1990 to April 2018,” gives a nice visual perspective. In this […]
Assuming a person becomes financially / economically aware around the age of 22 (I can hear the chorus, “if at all”), then anyone born after 1985 has only known a near zero short term interest rate environment. Even those older than this to a degree seem to have begun to taken it for granted. As can […]
Germany based Volocopter aims to be taken seriously in the “flying car” business with its well considered infrastructure plan. They propose a system of landing pads, charging stations, and passenger loading and unloading areas around an urban area. In this video, the company is promoting its vision for a network of rooftop based “Volo-ports” where […]
On a quarterly basis we publish a yield curve update, showing the shift is the U.S. Treasury Yield Curve at the end of a quarter over the prior quarter. What is more directly of interest to commercial real estate investors, however, is the 5 year U.S. Treasury yield, given its relationship both to commercial borrowing […]
