FinCEN Renews Cash-Only Real Estate Reporting Orders
The Financial Crimes Enforcement Network (FinCEN) renewed the existing Geographic Targeting Orders (GTO) that were scheduled to expire today. The tracking orders temporarily require U.S. title insurance companies to identify the “natural persons” behind shell companies used to buy high-end residential…
Video: Industrial Property Developer Larry Callahan Offers USA Industrial Market Insights
Larry Callahan, CEO of Pattillo Industrial Real Estate, a southeastern USA developer of industrial properties, joins The Commercial Real Estate Show host Michael Bull to discuss the growth of the industrial market and a number of trends impacting it. He notes that e-commerce is having by far the…
Miami super tower One Bayfront Plaza to break ground in 2019, says Tibor Hollo
A 1,049-foot high-rise in downtown Miami New designs of the planned One Bayfront Plaza in downtown Miami surfaced in December filed by Florida East Coast Realty, calling for 902 apartments, 200 hotel rooms, 532,000 square feet of office space, 103,959 square feet of retail, and over 1,000 parking…
Video: Barbara Denham of Reis Provides a Retail Property Update and Forecast for 2017
Michael and Barbara Denham, Senior Economist at Reis, comes on Michael Bull’s The Commercial Real Estate Show to talk about the retail property market, including performance, values, and trends. Barbara Denham is a Senior Economist in the research and economics department at Reis, an industry leader…
Study: Miami Has World’s Tenth Worst Traffic, and It’s Costing Us $3.6 Billion
Jakarta. New Delhi. Beijing. Lagos. Bangkok. Those worldwide hubs conjure images of people crammed in traffic, honking their way through congested streets and crowded town centers. But according to one recent study, none of those global cities has a traffic problem quite like Miami’s. According to data released Friday by the traffic-analytics company Inrix, Miami is the proud home of the world’s tenth worst traffic congestion. According to Inrix, Miamians spent an average of 65 hours trapped in traffic at peak congestion…
Video: Reis Senior Economist Barbara Denham Provides U.S. Industrial Property Market Update
In this brief video, Barbara Denham, Senior Economist at Reis, discusses the industrial property market nationally, including performance and trends in rent and vacancy. During this video a chart is displayed showing, over the past several years, steady rent growth and a (likewise) steady decline…
Walter Page, Director of Office Property Research with CoStar makes forecasts for the office property market forecast for 2017 and beyond, including interest rates, cap rates, and demand in this video from The Commercial Real Estate Show. He notes that cap rates have been flat for office properties…
Walter Page, Director of Office Property Research for CoStar, provides and update on the Office Market in this video from The Commercial Real Estate Show. This update on the office property market includes performance, construction, and supply. Walter presents and discusses a chart of new office properties…
Miami’s 9 Hottest Developments Under Construction
The Miami skyline has undoubtedly transformed in recent years but judging from the current swarm of cranes littered throughout the skies and a slew of recently announced projects, its evolution is still very much fluid.
Miami-Dade Mayor Hopes To Get Billions In Transit Funding After Revoking Sanctuary City Status
Local surveys consistently rank traffic as the top concern of local residents, and Mayor Gimenez will come out “very popular” if he manages to solve it.
Skyscrapers to Change Miami’s Skyline
At present time, the Four Seasons Hotel is the tallest building in all of Florida at 789 feet high, and until recently no other buildings were allowed to be taller than it because of regulations with the Federal Aviation Administration (FAA). According to the FAA, skyscrapers could not be taller than…
Miami’s Hard Rock Stadium named a finalist for ‘Stadium of the Year’
Home of the Miami Dolphins and Miami Hurricanes Miami’s newly renovated Hard Rock Stadium is one of 10 finalists for 2016 Stadium of the Year, an award given to the best new stadium in the world. Formerly New Miami Stadium and Sun Life Stadium, Hard Rock purchased the naming rights in August just…
Former executive chairman of Bay Harbor Islands developer Verzasca developer, ex-prez of JetSmarter, arrested in Fort Lauderdale
A screenshot of the JetSmarter-Aurora partnership from the development’s website. Inset: Gennady Barsky. Former Verzasca Group developer Gennady Barsky was arrested in Fort Lauderdale and is facing extradition to California, where he’s wanted on grand theft charges. Barsky, the former executive chairman…
Opportunity to Extend Development Orders and Permits for Almost 16 Months
Developers must notify issuing governmental agency by July 10th to receive a new extension. Holders of permits and development orders have the opportunity to toll the period remaining to exercise rights under the permit or order for nearly 16 months. Section 252.363 of the Florida Statutes permits…
The Road Ahead: How Uber, Lyft, and Driverless Cars Could Change Commercial Real Estate
A look at the potential impact of disruptive technology and service. There’s a revolution on the road ahead and it’s picking up speed. Just a few years ago, order-by-phone car services like Uber and Lyft were a novelty. Today, they’re more like a necessity – so much so, that along with technology…
18 Brickell: the new architecture promise with a vibrant design that will embellish Downtown Miami!
It is a fact that Miami Residential Real Estate keeps evolving, especially in Brickell, considered the “South Manhattan”. Downtown has grown as a potency to attract the most creative minds to invest in Miami, adding a modern touch to this tropical location. To replace the historical “Burger King”, currently surrounded by luxurious and magnificent building developments, Brickell is prepared to receive a spectacular tower called “18 Brickell” at 10 SW 8th Street that will host shops, offices, residential units and provide…
Condo Speculation Collapses in Miami-Dade’s Condo Glut
Preconstruction condo flippers left twisting in the wind. The lure: Buy a preconstruction condo from a developer in the early stages of development. The initial deposit is small, and in a booming market, the payoff big. Additional payments need to be made as the building progresses, but lenders are eager to lend as condo prices soar. Everyone is in nirvana. This bet has been hot in the condo construction boom around the country. But in Miami, the bet is now collapsing. And preconstruction condo flippers, the lucky ones that…