Developer CMC Group Completes $5 Million Renovation of 4000 Ponce in Coral Gables
CMC Group has completed a $5 million renovation at 4000 Ponce, a nine-story Class A mixed-use office and retail development in Coral Gables’ Southern Business District. Originally developed in 2002 by Ugo Colombo’s CMC Group, the property features 150,000 square feet of office space and 32,000 square feet of ground-floor retail. The building, which houses tenants…
Miami Lakes-based Centennial Management Corp. hopes to get approval for a mixed-use venture with affordable housing near the Earlington Court Metrorail Station. The eponymous Earlington Court Apartments would offer 80 residences, spanning 610 to 850 square feet each. There would be one-bedroom and two-bedroom layout plans. Communal amenities include rooftop…
Federal Government Announces Plan To Sell Brickell Plaza
The U.S. General Services Administration has announced it will begin the disposition process for its Brickell Plaza property at 909 SE 1st Avenue. Brickell Plaza sits on a 54,105 square foot lot that is in the center of an area seeing intense development. A nine-story building is currently on the site, built in 1971. The property is next to the site where the Dolce&Gabbana supertall…
‘Eye Catching’ ONE W12 Overtown Residential Development Submitted For UDRB Review
Plans for the ONE W12 residential development in Overtown are scheduled for a hearing before Miami’s Urban Development Review Board today. The condo tower is also known as One West Twelve Residences. It will allow short term rental flexibility. Construction permitting is already underway. According to the UDRB filing, the development will include: 372 residential…
FAA Approves 989-Foot Construction Crane In Brickell
The FAA has issued approval for a 989-foot construction crane at the Summit Brickell site. The application for height approval for the crane was submitted on November 21, and issued on December 13. Summit Brickell recently completed the zoning review process with Miami-Dade, and is currently moving through site plan approval with the country…
Aston Martin Residences, The Tallest Building Completed In Miami In 2024
The Aston Martin Residences tower in downtown Miami is the tallest completed in the city in 2024. The 66-story tower opened in April. It reaches 816 feet above ground, making it the second tallest building in both Miami and all of Florida. A total of 391 luxury condos were built. As of this morning, a total of 365 deeds have been recorded…
Terra, a Miami-based developer, has obtained a $170 million construction loan to fund the development of Upland Park, a planned $1 billion mixed-use development in the west Miami suburb of Sweetwater. Terra is transforming Miami-Dade County’s Dolphin Park-and-Ride/Transit Terminal Facility into a multimodal hub that will feature a transit station, residences…
Groundbreaking Planned For Largest Public-Private Transit-Oriented Development In Miami-Dade History
Miami-Dade’s largest-ever public-private transit-oriented development will soon break ground after the developer secured a construction loan. Terra landed a $170M loan for the first phase of Upland Park. The loan was issued by SCALE lending, the debt financing arm of Slate Property Group. Upland Park will eventually be a $1B development, with over 2,000 mid-rise…
Terra Lands Construction Loan for $1B Miami Project
South Florida development firm Terra is moving ahead early next year with construction of Upland Park, a $1 billion mixed-use community across from the Dolphin Park-and-Ride/Transit Terminal in West Miami-Dade County. Upon full buildout, the project is anticipated to include more than 2,000 mid-rise and garden-style residential units.
Miami UDRB to Consider ‘Black Salmon Edgewater’ at 422 NE 29th Street
A Miami-based developer has plans for a mixed-use high-rise tower that would occupy a 1.02-acre site. Black Salmon Edgewater would require 552,326 square feet of new construction, rising 36 stories and offering 229 multi-family units. Our sources note that the one-bedroom to three-bedroom homes would span 706 to 2,298 square feet. The South Florida Business…
Construction At 100-Story Waldorf Astoria Surpasses Adjacent Building
Downtown Miami’s under-construction Waldorf Astoria tower is now taller than its neighbor. The Waldorf Astoria is planned to rise 100 stories, becoming Miami’s first supertall. Now, the structure of the tower has surpassed that of the 10-story Holiday Inn next door. A foundation pour for the Waldorf was completed in June, and the tower began rising vertically out of the…
Griffin: Citadel Will Break Ground On Brickell Supertall Tower In 2025
Billionaire Ken Griffin has confirmed that Citadel is planning to begin construction on its headquarters tower in the third quarter 2025, according to the SFBJ. The new building will be iconic not just for Miami, but for the entire world, Griffin added. Griffin also said that growing pains in Miami such as traffic and rising housing prices are preferable to the stagnation…
Ken Griffin: Citadel’s Miami Headquarters ‘Will Be An Iconic Building In The World’
Mayors and city officials from across Miami-Dade County greeted Ken Griffin with raucous applause Monday as the billionaire hedge fund founder gave his two cents on how the area should manage the growth he is helping to fuel. Griffin is developing a billion-dollar headquarters for Citadel and Citadel Securities in Miami’s Brickell district, which will also feature a luxury…
MIA To Break Ground On New Concourse After Record Breaking 2024
Miami International Airport will begin construction on new terminal space next year after a record-breaking 2024. The airport said yesterday it is on track to pass 55 million passengers by the end of this year – the highest passenger numbers in its history. It will be the third consecutive year MIA has broken its own passenger records. Until 2022, MIA had never reached…
Construction Permit Submitted For 28-Story Edgewater Tower
A 28-story tower planned in Edgewater has moved to the construction permitting phase. The building, known as Metro Edgewater 2, was first revealed in a hearing before the Urban Development Review Board earlier this year. On December 10, the plans were submitted to Miami’s Building Department in order to obtain a master construction permit. According to the construction…
Top and Bottom Markets for Proportional Share of High-Rises, Miami at #2
Apartment performance in high-rise properties was deeply affected by lockdowns and government restrictions during the COVID-19 pandemic, with rent change and occupancy experiencing the deepest declines among product types throughout 2020 and 2021. As work from home and hybrid workplace situations continue to evolve, high-rise apartment performance continued…
TA Realty Buys Opa-Locka Industrial Park Ironwood Commerce Center
Phase One of Ironwood Commerce Center occupies more than 28 acres. Image courtesy of CBRE TA Realty has purchased Ironwood Commerce Center, a four-building industrial park located at 12700 NW LeJeune Road and totaling 505,436 square feet in Opa-Locka, Fla., outside Miami. Link Logistics previously owned the asset, according to CommercialEdge data.
Sale of 505,436 SF Industrial Park in Opa-Locka Brokered
CBRE has brokered the sale of Ironwood Commerce Center, a four-building industrial park in metro Miami spanning 505,436 square feet. Boston-based TA Realty purchased the newly built park in Opa-locka, a city in the north-central region of Miami-Dade County, for an undisclosed price. José Lobon, Frank Fallon, Trey Barry, Royce Rose, Gabriel Braun and Daniel…
Terra lands $170M construction loan for $1B mixed-use project near Dolphin Mall
The first phase of a $1 billion mixed-use project near Sweetwater’s Dolphin Mall is in motion after David Martin’s Terra scored a $170 million construction loan. Terra plans to break ground next year on a 578-unit apartment community at a 47-acre development site owned by Miami-Dade County that includes an existing bus depot, a press release states. The Coconut Grov…
Miami Metromover upgrade shutdowns extended into 2026
After rolling nearly 40 years, downtown’s Metromover for two years has been undergoing updates and renovations to keep it gliding, inconveniencing riders in the process. Though that work was due to end next year, officials say it’s lagging and now won’t end until mid-2026. Metromover’s subsystems have “met their designed lifespans” and must be replaced for functionality…
Miami Beach erecting barriers to new non-oceanfront hotels
Miami Beach elected officials say they are standing strong alongside their residents as they take a stance on hotel constructions. They unanimously approved a city commission warrant process for future hotel approval at first reading last week. “While I’m always hesitant to do any type of back patting,” said Commissioner Joseph Magazine, “I think this commission collectively…”
Ludlam Trail facing brownfields designation
Several areas of the proposed Ludlam Trail may receive “brownfield” designations, which doesn’t sound good but is generally considered a positive measure. Let’s break it down. The Ludlam Trail is a planned 5.6-mile linear park and urban trail that will run north-south through Miami-Dade County, roughly along the former Florida East Coast Railway corridor…
Isabel Cosio Carballo: Sparkplug heads South Florida Regional Planning Council
Throughout her 27-year tenure at the South Florida Regional Planning Council, Executive Director Isabel Cosio Carballo’s primary focus has been the creation of collaborative, broad-based partnerships with public and private sector, non-profit, philanthropic, and community leaders. Ms. Carballo and the planning council have identified areas of opportunity and addressed…
Ytech has secured a $19.5 million predevelopment loan from Israel Discount Bank for two parcels at 41 and 75 Southwest 15th Road, dubbed 41 and 75 Broadway, in Miami’s Brickell neighborhood. The combined 0.3-acre site, situated two blocks west of Brickell Avenue and across the street from Mast Capital’s Cipriani-branded luxury condo complex, is set to become home…
Non-profit Casa Familia intends to open the first phase of “The Village of Casa Familia” in the first half of 2026. The community, which will include three phases, is geared toward individuals with intellectual disabilities. The organization’s website shares that the first phase will yield a three-story building with 50 apartments, including one-bedroom and two-bedroom floorplans.
‘Diagrid Envelope’ Design Proposed For 36-Story Tower
Black Salmon has filed plans to build a 36-story tower with a Diagrid Envelope design. The diagrid pattern is being designed by Arquitectonica to runs from the second floor to the roof, uniting the podium with the tower above. Plans also call for a new 5-story building for the Mission San Francisco y Santa Clara church next door, connected to a new parking garage.
Predevelopment Loan Issued In Brickell, Ultra-Luxury Condo Planned
A developer has secured a predevelopment loan for an ultra-luxury condominium tower in Brickell. Yamal Yidios, CEO of Ytech, secured the $19.5 million loan for an assemblage known as 41 and 75 Broadway. The loan was issued by Israel Discount Bank. Predevelopment activities, including the demolition of existing structures, are already underway at the site.
Developer Files Pre-Application for ‘Legacy Park’ at 13850 SW 248th Street in Homestead
An affiliate of Paxton Development Group has plans for a mixed-use project in Miami-Dade County. Legacy Park would offer 230 apartments in two eight-story buildings, with some reserved as affordable housing. There would be a mix of one-bedroom to three-bedroom units; communal amenities would include a dog park, swimming pool, and 2,500-square-foot…
In $53M deal, Paul Singer’s firm adds Gates Hotel South Beach to growing South Florida portfolio
Less than four months after buying a Brickell office tower, Paul Singer’s firm is still beefing up its South Florida portfolio, paying $53 million for a waterfront Miami Beach hotel. An affiliate of West Palm Beach-based Elliott Investment Management acquired The Gates Hotel South Beach at 2360 Collins Avenue, records show. Deutsche Bank provided the buyer with an $82.5 million loan.
Urban Design Review Board Approves 12-Story Mixed-Use Tower in Little River
The City of Miami’s Urban Design Review Board (UDRB) has approved the design of a new 12-story mixed-use tower in the city’s Little River neighborhood. The project team includes locally based developer B Developments and Stantec, which is serving as architect, MEP engineer and structural engineer for the development. The tower will be located on a 3.5-acre site…
EcoStone Group bought a 63-unit apartment building in Miami’s Little Havana neighborhood for $17.6 million. The deal comes amid a year-end rush on multifamily investment sales across South Florida. Miami-based EcoStone bought Ipanema Apartments at 120 Southwest Eighth Avenue, scoring a $12 million loan for the purchase from Intercredit Bank…
Miami Design District Sees Largest 2024 Retail Rent Growth in Americas
South Florida continues to be an appealing place to shop — whether that’s for tourists or residents. According to Cushman & Wakefield’s 2024 Main Streets Across the World report, which tracked 138 locations in the Americas, Miami’s Design District retail rents surged 67 percent year-over-year, with its $500 per square foot pricing. That was the highest of all the locations…
DXD Capital, Olympus Ventures Complete 774-Unit Self-Storage Facility in Miami
A partnership between DXD Capital and Olympus Ventures has completed a 774-unit, three-story self-storage facility located at 11210 N.W. 105th St. in Miami. Extra Space Storage manages the facility, which spans 74,388 net rentable square feet. ARCO was the general contractor for the climate-controlled storage property, and TBK Bank provided an undisclosed amount…
Regus Inks Full-Building Lease in Miami Beach
Regus has leased the entire 429 Lenox building in Miami Beach, Fla. Image courtesy of Colliers Regus has fully leased 429 Lenox, a 45,789-square-foot Class A flex office building in Miami Beach, Fla. The lease covers more than 10 years, Commercial Observer reports. Colliers Vice Chair Stephen Rutchik and Vice President Ana Paula worked on behalf of the landlords…
Regus Signs 46,000 SF Office Lease in Miami Beach for Spaces Brand
Coworking operator Regus has signed a long-term lease for nearly 46,000 square feet in Miami Beach, committing to occupying an entire Class A, boutique office building. Set to move in before the end of the year, Regus will establish its third and largest space in the submarket at 429 Lenox, where the new location will operate under the firm’s Spaces brand.
Cade Capital jumps into mobile home parks, acquiring 8-acre site in West Miami for $27M
Cade Capital expanded its real estate holdings with the $26.5 million purchase of a West Miami motel, mobile home park and Autozone store. An affiliate of the Miami-based firm acquired Sunnyside Motel & Trailer Park at 6020 Southwest Eighth Street and a retail building at 6024 Southwest Eighth Street, records and real estate database Vizzda show. Altamar Financial Group…
Delinquency Pushes CGI Merchant’s Miracle Mile Building Into Special Servicing
Raoul Thomas’ CGI Merchant can add the office and retail building at 55 Miracle Mile in Coral Gables to its growing roster of properties facing debt troubles. A $25M CMBS loan tied to the 65K SF property was transferred to special servicer LNR Partners last month after becoming delinquent on mortgage payments, according to the Morningstar Credit database.
Co-working firm Regus took over office space vacated by WeWork in Miami Beach’s South of Fifth neighborhood. Regus leased the entire 45,800-square-foot building at 429 Lenox Avenue, where it is expected to open by year-end, according to a news release from the landlord’s broker. Stephen Rutchik and Ana Paula of Colliers represented the landlord.
Delano Miami Beach to Reopen in Late 2025 Following Comprehensive Renovation
Ennismore and Cain International have unveiled the first glimpse of the redesigned Delano Miami Beach located at 1685 Collins Avenue and set to reopen in late 2025 following a comprehensive renovation. The project will preserve the hotel’s iconic design while incorporating modern elements. Elastic Architects, working in collaboration with Ennismore’s…
Developer One Thousand Group Acquires Edgewater Site for Tower 36 Designed by KPF Architects
One Thousand Group has announced acquiring and financing a 1.6-acre site in Edgewater, Miami, where they plan to build a mixed-use development dubbed Tower 36. The $53 million transaction, financed by Cirrus Real Estate Partners, includes three parcels at 3601 Biscayne Boulevard, 345 NE 36th Street, and 409 NE 36th Street. Positioned at a key intersection…
Construction Starts on ‘Urbania NoMi 125st’ at 1150 NE 125th Street in North Miami
In October 2023, Florida YIMBY reported on Urbania NoMi 125st, a mixed-use venture proposed by Continua Developments. Now, the project has broken ground in Miami-Dade County. Upon completion, it’ll offer both residential and commercial space. Regarding the residential aspect: plans call for 195 apartments in 12-story building measuring 122 feet above grade.
“Unexpected”: Study finds dozens of coastal high-rises in Miami-Dade are sinking
Nearly three dozen buildings from Miami Beach to Sunny Isles Beach are sinking at “unexpected” rates, a new University of Miami study found. Those familiar with luxury real estate in Miami know many of the buildings by name: Four Seasons Residences at the Surf Club, Porsche Design Tower, Estates at Acqualina and two Trump towers. It’s not a cause for alarm…
What Lies Beneath: 35 Miami Buildings Are Sinking
The ground beneath Miami’s fancy beachside condos and high-rises isn’t as solid as you might think. According to a new study from the University of Miami, 35 buildings across Miami Beach, Sunny Isles Beach, Surfside, and Bal Harbour are sinking. Not falling into giant sinkholes or anything (this isn’t a disaster movie), but they’re sinking slowly — by as much as three inches…
Bidders Named For Massive Downtown Miami Metrocenter Development
The developers partnering up for Downtown Miami’s Metrocenter have been named, according to The Real Deal. A memo from the county in May said that they had shortlisted three prequalified proposers for the project. The newly named bidders include: A partnership between Terra, Atlantic Pacific Companies, and Sterling Bay A partnership between Related Urban…
Height Approval Issued For 806 Apartments In Walking Distance Of Douglas Road Metrorail Station
The FAA has approved the heights proposed for a transit-oriented mixed-use development at the Douglas Road Metrorail station. According to a December 12 notification, construction cranes were approved at 500 feet above ground and 445 feet above ground. Approval of the towers themselves were issued on December 11, for a permanent height of 380 feet…
Brightline Bridge To Aventura Mall In The Works
Miami-Dade’s Commission had a special meeting scheduled for this morning on an easement for the Brightline pedestrian bridge in Aventura. The bridge would cross Biscayne Boulevard, allowing a direct connection from the Brightline Aventura station to the Aventura Mall property. A sketch depicting the easement shows a 1,325 square foot building proposed at the corner…
Site Work, Phased Vertical Permits Filed For Second 43-Story Tower At Namdar Site
Miami’s Building Department commenced review this week for a phased vertical permit to build a second 43-story tower at the Namdar site in downtown Miami. The first tower topped off in Mid-November, also at 43 stories. The phased vertical permit plans for the second tower were accepted for review by the Building Department on December 10. A site plan permit…
Lender sues Stephanie and Masoud Shojaee over allegedly unpaid $11M debt
Masoud and Stephanie Shojaee are facing off against an aggressive lender seeking repayment of a $10.5 million loan. On Tuesday, an affiliate of Delaware entity Right Meow Capital sued the Shojaees, the married couple who lead Coral Gables-based Shoma Group, and two trusts under Masoud Shojaee’s name. Filed in Miami-Dade Circuit Court, the complaint alleges…
Receiver seeks approval of bulk sale in Coconut Grove as next step in developer’s alleged fraud saga
The receiver managing the properties tied to developer Doug Cox’s alleged fraud in Coconut Grove is seeking court approval for a bulk sale of the majority of the remaining townhouses. The receiver, retired Miami-Dade Judge Alan Fine, filed a motion last week for the $18.2 million sale of the nine townhouses at 2955, 2957, 2960, 2962, 2978, 2980, 2984, 2986 and 2992 Coconut…
These are South Florida’s biggest industrial sales of 2024
In the past 12 months, South Florida’s 10 biggest industrial sales totaled a combined $1.1 billion, eclipsing last year’s priciest deals by nearly $300 million. Link Logistics, the industrial subsidiary of New York-based Blackstone, took advantage of institutional investors’ industrial appetite, selling this year’s top two deals, a pair of warehouse portfolios for more than a half-billion…
Here are South Florida’s biggest hotel sales of 2024
The top 10 South Florida hotel sales of the past year featured some of the biggest institutional names in real estate taking over a handful of luxury waterfront resorts. The mix of buyers included British billionaire siblings David and Simon Reuben and New York-based investment giant Blackstone purchasing W-branded hotels in Miami Beach and Fort Lauderdale, respectively…
Here are South Florida’s largest multifamily sales of 2024
South Florida’s multifamily market felt the pinch of elevated interest rates this year. No single-asset purchase by an institutional investor broke the $200 million threshold, marking a decline in pricing compared to last year. Even though interest rates already were higher in 2023, the biggest deal of that year was $223.5 million. This year, the biggest single-asset deal was $144 million.
Pier Sixty-Six Residences Unveils First Look at Completed Azul Building in Fort Lauderdale
Pier Sixty-Six, a prominent fixture in Fort Lauderdale’s waterfront, is undergoing a transformative redevelopment spearheaded by Tavistock Development Company. Established in the 1950s as a Phillips 66 Petroleum fuel dock, the site became a landmark in the 1960s with the construction of its iconic spire tower. Now reimagined as a 32-acre luxury destination…
Developer to Break Ground on 14-Story Luxury Condo at 2908 East Sunrise Boulevard in Fort Lauderdale
Miami-based Integra Investments plans to break ground on Ocean Park Residences (formerly Ocean Park Hotel and Residences) in spring 2026. The original plans in June 2022 were to feature two buildings: an 11-story tower with 54 condos and a 12-story high-rise with 100 hotel rooms. However, because of rising construction costs, plans have since then been amended to include…
Midtown Miami developer Jon Samuel heads north, pays $28M for Broward Mall’s shuttered Sears store
Jon Samuel, one of the first developers at Midtown Miami, is venturing into Broward County, acquiring a shuttered Sears store for $28 million. An affiliate of Samuel’s Miami-based Midtown Group acquired the 18-acre property at 8000 West Broward Boulevard that includes an empty big box building, records and real estate database Vizzda show. A source familiar…
Plantation approves Related, BH mixed-use project
Related Group and BH Group notched final approval to develop a mixed-use complex on a former AT&T campus in Plantation. Last week, the Plantation City Council greenlit the project’s site plan and six zoning waivers by a 6-1 vote, video of the meeting shows. The approvals passed without any discussion from council members. The waivers included a reduction in parking spaces…
JSB Capital Group scooped up a 197-unit apartment complex in Dania Beach for $69 million, marking a continued year-end rush on multifamily deals in South Florida. The Miami Beach-based firm bought the Stellar at Emerald Hills at 5800-5840 Lakeshore Drive from Stellar Communities, according to records and real estate database Vizzda. JSB Capital assumed…
Larsen MacColl scoops up Boca Corporate Center for $20M, as suburban offices keep trading
Larsen MacColl Partners bought the Boca Corporate Center for $20 million, marking continued appetite for South Florida suburban office buildings. The investment firm scooped up the four-story building at 2101 Northwest Corporate Boulevard in Boca Raton, borrowing a $14 million loan from Deutsche Bank for the purchase, according to a news release from the seller’s broker.
Owens Realty, Galium sell Palm Beach Gardens Seacoast building for $30M
Owens Realty Capital and Galium Capital sold the Seacoast Banking Centre building in Palm Beach Gardens for $30.3 million. The deal comes at a time of slower office investment sales in South Florida, amid elevated interest rates, doubts over the market’s viability and other headwinds. Owens Realty Capital, a subsidiary of Orlando-based Owens Realty Services…
Johnston Group Capital Management, Inc., an affiliate of Palm Beach Gardens-based Johnston Group Development & Construction, has announced significant progress on HAVN Residences & Yacht Club in Palm Beach Shores. The 2.5-acre development, comprising five mid-rise buildings, is on track for completion by April 2025, with interior and exterior renovations…
Related Ross lands $200M refi for CityPlace in downtown West Palm, as lending flows in South Florida
Developer Steve Ross landed a $200 million refinancing for a portion of the CityPlace mixed-use complex in downtown West Palm Beach. The deal marks a continuation of financing in South Florida, despite elevated interest rates. Ross’ recently launched Related Ross, which is heavily focused on downtown West Palm, scored the new loan from Ares Commercial Real Estate…
Al Adelson, Morrisons launch sales for Berkeley condos in West Palm Beach
Developer Al Adelson and the Morrison family’s Sympatico Real Estate broke ground and launched sales for their planned West Palm Beach condo project. Shovels hit the dirt and champagne popped at the groundbreaking ceremony on Thursday that doubled as a sales launch for the project, called the Berkeley Palm Beach. After the event at the development’s…
K. Hovnanian taking over development of 100 single-family homes at Brian Tuttle’s Royal Palm project
K. Hovnanian Homes will develop 100 single-family homes at Brian Tuttle’s Royal Palm Beach mixed-use project. The Matawan, New Jersey-based homebuilder has a purchase option agreement for the homesites with TPG Angelo Gordon’s Essential Housing Asset Management land bank, according to a statement from Jon Isherwood, K. Hovnanian’s…
Synagogue to sell its waterfront West Palm Beach campus to Related Ross for $30M
The members of West Palm Beach’s Temple Israel approved a $30 million deal to sell a majority of the synagogue’s waterfront campus to Related Ross, following a redesign of the developer’s planned Shorecrest condos. Previous plans included 21,500 square feet for a house of worship and a daycare at the project at 1901 North Flagler Drive, with the intent that Temple Israel would…
Miles behind, Miles to Go: National Commercial Real Estate Update
The commercial real estate (CRE) market continues to be shaped by economic stability, evolving interest rates, and shifting demand dynamics. We’ll check in on the latest performance data for core sectors and capital markets to highlight how interest rates, supply and demand imbalances, and regional variations have influenced market performance. Checking in on…
The Risks of Appraisal Uncertainties in Private Real Estate
The gating of withdrawals from some open-end funds in the commercial-property downturn introduces an element of risk for the U.S. private-equity real-estate model moving forward. The heart of the problem is uncertainty around asset valuation and the ability of limited partners (LPs) to get at their capital. Had all valuations been beyond reproach, redemption queues…
How Long Does It Take to See a Return on a Ground-up Development in Self Storage?
The most opportunistic type of investing takes time, but typically offers the greatest return profile. This outlines what a typical investment timeline looks like for ground-up self storage investors. 1. Construction Phase (12 Months): This phase requires substantial capital investment, as no revenue is generated during construction. The primary focus here is on project execution…
FHFA’s 2025 multifamily volume caps signal strong activity
The Federal Housing Finance Agency increased Fannie Mae and Freddie Mac’s multifamily loan purchase caps for 2025, indicating a modestly positive outlook for the multifamily market with somewhat greater demand for financing. The agency loan purchase caps, announced annually, are an important signal of the market outlook for the year to come. The caps also…
NOI Index Performance: Riding the Recovery or Risking the Fall? In this report we examine net operating income (NOI) trends for key collateral types backing commercial mortgage-backed securities (CMBS) loans, encompassing Agency, Conduit/Fusion, Large Loan, and Single Asset/Single Borrower (SASB) deals. Spanning the period from 2000 to 2023, our NOI index series…