For commercial property of all types in Miami’s zip code 33129 the top buyers in the past year as listed by Costar on February 9, 2016, were: Baywood Hotels, Inc.; Elderly Housing Development & Operations Corp.; Pan American Group Inc.; G.A.P. Realty, Inc.; Driftwood Hospitality Management, LLC; Jorge Buitrago; Coral Way The Roads Professional Center […]
For commercial property of all types in Miami’s zip code 33133 (Coconut Grove) the top buyers in the past year as listed by Costar on February 5, 2016, were: Terra Group; HCA Holdings; Allegra Holding; Avatar Real Estate Services; Colliers International; Wexford Capital Management; Mast Capital; 13th Floor Investments; HCP. These buyers’ total purchase volume […]
For multifamily properties in Miami-Dade County from 20 to 50 units, the top buyers in the past year as listed by Costar on February 4, 2016, were: Boardwalk Properties FL; Fort Capital Management; Coinco Investment Co.; Two Roads Development; Burke Leighton Asset Management; Boardwalk Properties; Bar Invest Group; Eastview Realty Advisors; Jameston U.S. Immobilien GmbH; […]
In a prior post, I discussed the potential effects on values as interest rates change, assuming capitalization rates changing in tandem at some ratio. Capitalization rates, however, are not the entire story, not at all. In particular, given that net operating income (NOI) is the numerator in the NOI/price cap rate calculation, as NOI changes, […]
For commercial property of all types in Miami’s zip code 33145 the top buyers in the past year as listed by Costar on February 8, 2016, were: Heitman LLC; Monogram Residential Trust; Arnold Wax; AWE Talisman; Strategic Properties Group, Inc.; Nets Group Ltd; Mill Creek Residential Trust LLC; Strategic Properties; Greystone & Co. Inc.; Alta […]
Larry Callahan and Peter Anderson join host Michael Bull to discuss how the industrial market and Pattillo Industrial performed in 2015, what types of industries and users are most active right now and what tends to be important to tenants today. South Florida investors may also wish to view our industrial property sales and leasing […]
The capitalization rate (cap rate) for mid-market retail properties in Miami-Dade County (5,000 to 15,000 square feet) drifted to under 4% in the most recent period reported by Costar. As can be seen in the attached chart, cap rates have been relatively consistent over the years, generally moving up and down around a 6.5% or so midpoint. […]
For anyone involved in commercial real estate in Miami, and for that matter anyone interested in Miami, this video is must see material. Created by HBO’s VICE, the episode travels along Biscayne Boulevard, the main artery to the city stretching north to south. The show stops in neighborhoods it bills as being as marvelous and strange as […]
As can be seen in the accompanying chart (Commercial Real Estate Loans, All Commercial Banks June 1, 2004 to November 1, 2015), the total of commercial real estate loans for all commercial banks has hit a new high for the periods available at the Federal Reserve Bank economic research pages.
Jim Schroder of Tribridge Residential joins host Michael Bull to discuss new trends for multifamily properties.
Podcast host and Atlanta based commercial broker Michael Bull discusses and defines off-market properties.
For retail properties in Miami-Dade County from 3,000 to 12,000 square feet, the top buyers in the past year as listed by Costar on February 4, 2016, were: Ponte Gadea, USA; Thor Equities; Tristar Capital; RFR Realty; Safra National Bank of New York; Jamestown U.S. Immobilien GmbH; Sunshine Gasoline Distributors; Centurion Realty; Customer Service; RedSky […]
On February 10th, 2016, Federal Reserve Chair Janet Yellen testified (video) before the House Financial Services Committee on the central bank’s semi-annual Monetary Policy Report to Congress. Among other things, she told committee members that the economy and labor market continue to grow despite a recent slowdown. Some of the more contentious moments were during a heated exchange […]
The Federal Reserve’s Real Estate Analyst Brian Bailey joins host Michael Bull to disucss the real estate industries impact on U.S. GDP and economy.
Within the commercial real estate industry, it is generally accepted that higher interest rates lead to higher cap rates and thus lower values, and vice versa. The data on this suggests that the relationship is looser than frequently perceived. On average, there does appear to be some correlation, with more considered analyses suggesting a 30% […]
The capitalization rate (cap rate) for mid-market multifamily properties in Miami-Dade County (20 to 80 units, 1,448 properties) drifted to just under 7% in the most recent period reported by Costar. As can be seen in the attached chart, cap rates have been relatively consistent over the years, generally moving up and down around a […]
