Reis Chief Economist & Vice President of Research, Dr. Victor Calanog, provides an assessment of third quarter 2017 Office Sector trends. In this video, he discusses office property occupancy rates, office real estate deliveries (new construction), rental rate trends for office properties, and more, all considered on a national level but with information applicable to Miami office properties and to the Miami commercial real estate market in general.
Video: Deloitte’s Jim Berry on the Convergence of Disruption ~ Deloitte 2018 CRE Outlook
Jim Berry, Real Estate Audit and Enterprise Risk Services Leader at Deloitte, joins host Michael Bull on America’s Commercial Real Estate Show to discuss Deloitte’s 2018 Commercial Real Estate Outlook report and disruption or convergence of various factors impacting CRE. The guest, Jim Berry, currently serves as the Audit and Enterprise Risk Services national leader for Deloitte’s Real Estate Services practice. He has more than 29 years of experience in providing audit and consulting services to companies in the real estate and hospitality industries.
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Video: Reis Chief Economist & VP of Research Victor Calanog Updates on Q3 2017 Multifamily/Apartment Property Sector Trends
Reis Chief Economist & Vice President of Research, Dr. Victor Calanog, provides an assessment of third quarter 2017 Multifamily/Apartment Sector trends. In this video, he discusses multifamily property occupancy rates, multifamily real estate deliveries (new construction), rental rate trends for multifamily properties, and more, all considered on a national level but with information applicable to Miami multifamily properties and to the Miami commercial real estate market in general.
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Video: Deloitte’s Jim Berry on Unlocking the Value of REITs ~ Deloitte 2018 CRE Outlook
Jim Berry, Real Estate Audit and Enterprise Risk Services Leader at Deloitte, joins host Michael Bull on America’s Commercial Real Estate Show to discuss Deloitte’s 2018 Commercial Real Estate Outlook report and the value of REITs. The guest, Jim Berry, currently serves as the Audit and Enterprise Risk Services national leader for Deloitte’s Real Estate Services practice. He has more than 29 years of experience in providing audit and consulting services to companies in the real estate and hospitality industries.
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Miami Commercial Real Estate News November 30, 2017: Near 700 Units Coming to River; Brickell City Centre Leased Up; More…
698 Housing Units Planned at Bend of Miami River
A developer plans nearly 700 residential units in two buildings on a large vacant lot at a bend in the Miami River. The project is to include 1,000 feet of public riverwalk and a small public waterfront park with a playground. The Miami River Commission is expected to review the project, called Miami River Walk, on Dec. 4. The developer made a presentation to a subcommittee of the commission Nov. 15. Spring…
Brazilian developer moves forward on 445-key Brickell hotel
Brazilian developer Galwan is moving forward with its plans to build a hotel tower near Miami’s Mary Brickell Village. Plans for the 445-room, 41-story tower at 88 Southwest 10th Street call for two Wyndham Hotel Group brands, a 200-room Wyndham Grand and a 245-key Tryp by Wyndham, according to a press release. Arquitectonica is designing the building, which is slated to open in late 2019. It marks…
Brickell City Centre’s office space is 100% leased
Swire Properties Inc has announced its 260,000 square feet of office space at Two and Three Brickell City Centre is fully leased. The office space is comprised of 12 floors in each building, with both Arquitectonica-designed towers connecting to the 500,000 square-foot retail center that features high-end shopping and dining. A recent study found the Miami metro area to be the 16th fastest-growing office…
GID partnership scores loan for Windsor at Doral rental community
A joint venture between Orlando-based ZOM Living and GID, a Boston-based real estate investment firm, just scored a $45.4 million mortgage for its Doral apartment community in front of the Trump National Doral Miami, property records show. The lender is a subsidiary of Nationwide Mutual Insurance Company. Officials at ZOM and GID could not immediately be reached for comment.
How the election may affect the commercial real estate industry
The presidential election has the country riveted and divided on several fronts. When it comes to the real estate front, the upcoming election is likely to affect the commercial real estate and residential real estate industry. The economy is still in one of the slowest recovery periods of the past five decades and this has economists scrambling to analyze the outlook for the economy in the long-term.
Large mixed-use project planned in Edgewater
A large mixed-use project is planned for Miami’s thriving Edgewater neighborhood. Located at 1775 Biscayne Boulevard (across the street from Publix), the 53-story development was designed by Kobi Karp and totals 1.36 million square feet, per the architect. The project features 200 hotel rooms, 444 residences, 14,000 square feet of ground-floor retail, 65,000 square feet of office space, a 546-spot…
Miami Plaza proposed for downtown Miami
A 35-story tower with 425 apartments by Melo Group Melo Group continues to invest heavily in the downtown Miami area, with their latest project being the proposed Miami Plaza, a mixed-use 35-story tower with 425 apartments. The Next Miami reports the 370-foot development is planning to rise at 1502 Northeast Miami Place, and will also include over 5,000 square feet of retail and 508 parking…
Miami is the 3rd ‘most sinful’ city in America, study says
Behind Vegas and Orlando Anyone could rightfully assume Las Vegas would be crowned in a study ranking the most sinful cities in America but would you have guessed Miami placed in the top three or that Disney-loving Orlando settled in at No. 2? The humorous study performed by WalletHub sought to “identify the darkest corners of America,” comparing over 180 cities across 32 key indicators…
Watch a drone video of the new Art Miami site in downtown
Featuring a concrete foundation measuring 250,000 square feet With Art Basel a week away from taking over Miami, we thought it’d be timely to check in on the new structures housing the 28th edition of Art Miami and sister fair CONTEXT Art Miami (6th year) this year. While in previous years the events were held in Midtown, this year’s offering moves to the old Miami Herald site in downtown, located…
Downtown Miami is being considered for a new Formula One Grand Prix
In addition to news of Miami Open organizers striking a deal with Miami-Dade’s mayor to move the popular tennis tournament to Hard Rock Stadium, we now learn Formula One is taking a hard look at downtown Miami’s streets for its new Grand Prix circuit track. This would potentially involve the PortMiami Tunnel, the Herald notes, though it’s fair to assume that seems implausible, as county events director…
Mortgage industry latest real estate sector to express alarm over GOP tax bill
Add the mortgage industry to the list of groups concerned about the Republican tax plan. Industry leaders are worried that a provision in the Senate bill changing the time when lenders pay taxes on income they get from managing mortgages could cause some smaller lenders to go out of business, according to Bloomberg. Lenders currently pay taxes on this service as they receive the money…
Generation4 Partners to Build 7-Story Self-Storage Facility in Miami
Commercial real estate developer Generation4 Partners LLC has acquired two parcels in Miami comprising .56 acres on which it intends to build a seven-story self-storage facility. The structure at 644 N.W. 30th St. in the Allapattah neighborhood will comprise 143,080 square feet of climate-controlled storage, including wine storage, according to a press release. The project is expected to break ground early…
South Florida by the numbers: Art Basel and Miami real estate
It’s back! The extraordinary Art Basel returns to Miami Beach next week, bringing with it much of the world’s finest modern and contemporary art. Evolving dramatically since its Miami Beach debut in 2002, Art Basel now draws large and well-heeled crowds throughout the entire region, having spawned a dizzying array of satellite art fairs, dinners, and parties. Miami’s savvy and progressive…
RedSky scores construction loan for Cube Wynwyd
RedSky Capital closed on an $18.27 million construction loan for an office building it plans to develop in Wynwood, property records show. Bank of the Ozarks is providing the financing for Cube Wynwyd, an eight-story office building at 222 Northwest 24th Street. The project, with nearly 80,000 square feet of office space and about 11,400 square feet of retail space, will mark one of the first new office…
To Trigger Home Sales In Its Master Planned Community, This Developer Built A School
In the 1950s, a Florida couple bought 2,400 acres of swampland west of Miami to build a golf course and hotel. They named the area after their first names, Doris and Al. Today, the City of Doral is home to major corporations, a U.S. president’s resort and an exploding residential community, largely because of Codina Partners and its vision for a city center, Downtown Doral. Downtown Doral Elementary…
Development site near Wynwood Arcade hits market, could fetch more than $16 million, broker says
A development site in Wynwood that just hit the market could fetch anywhere from $16 million to nearly $20 million, according to comparable sales in the neighborhood. The 1.65-acre property at 2335 North Miami Avenue is unpriced, but listing broker Mika Mattingly said land on streets away from Wynwood’s main corridor, Second Avenue, is trading for $225 per square foot to $275 per square foot.
Miami Featured Prominently in National Geographic Article on Sea Level Rise
President Trump has dismissed climate change as a hoax. But scientists project that, within the next 100 years, rising sea levels caused by climate change will submerge much of southeast Florida—including Mar-a-Lago, his beachfront Florida “White House.” And a new category of exiles will be created, says Jeff Goodell in his new book The Water Will Come—climate change refugees.
Here’s how the GOP tax plan could impact affordable housing
Affordable housing developments would not fare very well under the Republican tax plan currently winding its way through Congress. The House version of the tax bill, which passed earlier in November, would end the “private activity” bond tax exemption, commonly used by developers of affordable housing to finance projects, according to the Wall Street Journal. This could dramatically slow down both…
Miami board OKs waivers for proposed mixed-use tower in Arts & Entertainment District
An Aventura orthopaedic surgeon and his wife are spearheading plans to convert a prime slice of vacant land on Biscayne Boulevard and 17th Street into a 53-story mixed use tower. Barry J. Silverman and Judy Silverman manage V Downtown Inc., a company that is proposing to build the new high-rise in Miami’s Arts & Entertainment District. Miami’s Urban Development Review Board signed off on several…
Sephora building on Collins Avenue hits the market
Sephora’s Miami Beach location is on the market for nearly $9 million. The 5,400-square-foot building at 721 Collins Avenue was just listed for sale, according to Marcus & Millichap. It’s asking $8.875 million, or about $1,645 per square foot. Property records show CLB Associates Ltd., controlled by Michael Comras of the Comras Company, owns the property. Comras could not be reached for comment.
Parcel in Miami’s Wynwood Neighborhood Up for Sale
For the first time in more than 30 years, a 1.65-acre site in Miami’s Wynwood Arts District is hitting the market. A buyer could build 400,000 to 600,000 square feet at The Oasis, an assemblage of retail and warehouse space at 2335 North Miami Avenue. There is no asking price, though listing agent Mika Mattingly of Colliers International South Florida said land in the area is trading for $200 to $300…
Mast Capital proposes major mixed-use development along Miami River
Mast Capital wants to get in on the Miami River action. The Miami Beach-based developer is proposing to build a massive mixed-use project on a riverfront site at 1001 Northwest Seventh Street, according to documents filed with the Miami River Commission. As planned, it would have nearly 700 residential units, 800 parking spaces and commercial and retail space on the ground level. Records show Rad…
Trucking Company Signs 105,000-SF Warehouse Lease in Hialeah Gardens
Pro Intermodal has agreed to a 104,616-square-foot lease at Miami Industrial Logistics Center, a three-building complex in Hialeah Gardens, FL. The Miami-based freight shipping and trucking company leased half of the 209,232-square-foot MILC I building at 15002 NW 107th Ave. The deal includes a 2,500-square-foot office. Duke Realty owns the 676,835-square-foot property in northwest Miami-Dade…
Lights, camera, action: Historic Greenwich Studios hits the market
The historic Greenwich Studios in North Miami just hit the market for $15 million, The Real Deal has learned. Classic movie and television productions like “Flipper” and “Miami Vice” were shot at the warehouse complex at 12100 Northeast 16th Avenue # 100. Movie producer Ivan Tors founded the studio in the 60’s. It officially opened in 1964. Movies like “The Birdcage,” ”Stuck On You,” and…
Construction starts in South Florida drop in October
Construction starts in South Florida fell 23 percent in October to $1.37 billion, according to a new Dodge Data & Analytics report. Commercial building continues to outpace residential, due in large part to South Florida’s condo market slowdown. Last month, new commercial starts increased 36 percent to about $720 million, while residential starts declined 47 percent to $653 million, compared to…
Investment Firm Buys Miami Office Building for $33 million
Banyan Street Capital paid $33 million, or about $314 per square foot, for the 9350 Financial Centre office building in Miami and plans to launch a renovation of the common areas. Delma Properties sold the 105,713-square-foot building in the Dadeland neighborhood of Miami/Dade County’s Kendall submarket. Delma paid $30.2 million, or $287 per square foot, for the property back in 2006, according…
Tony Cho Planning Microunits In Brickell
The Miami City Commission tentatively approved a measure last week that would change the minimum square footage required for condo and apartment units. Current regulations mandate that they must have at least 400 SF of living space. The new law would reduce that number to 275 SF in certain situations. A final vote on the matter is scheduled for Dec. 14. The Daily Business Review reports tha…
Retail site in heart of Miami’s Design District hits the market
A retail site in the heart of Miami’s Design District just hit the market, asking $8.6 million. The 2,500-square-foot property at 64-66 Northeast 40th Street is owned by artist Enrique Mora, whose Mora Studio + Gallery occupies the existing 1,500-square-foot building. The asking price equates to $3,440 per square foot for the land and $5,733 per square foot for the building. Records show Mora paid…
South Florida Warehouses Big Business for Bridge Development Partners
Bridge Development Partners is bullish on South Florida as an industrial hotbed. The Chicago-based firm says the tri-county region is perfectly positioned as an international trade hub, while steady population growth continues to fuel consumer consumption. And then there’s the e-commerce factor. “Consumers are increasingly demanding next-day or even same-day delivery service, which is, in turn…”
The ntz, ntz, ntz has gotten quieter in Miami’s Park West entertainment district since the city has cracked down on enforcing its noise ordinance. But one club, Heart Nightclub, is suing the city and its residents, claiming they are conspiring to kill the entertainment district, according to the Miami Herald. And tension between the nightclubs and residents could grow as new condo buildings like…
Q&A: Miami Worldcenter Developer Nitin Motwani Outlines Vision
Miami Worldcenter, a $3 billion mixed-use development slated for downtown Miami, is one of the nation’s largest urban projects under construction. The 10-block development, located between Second and Miami Avenues to 11th Street, will feature up to 450,000 square feet of retail, up to 600,000 square feet of offices, as many as 1,700 hotel…
Industrial development in Miami Gardens triggers litigation
EastGroup Properties Inc. faces a lawsuit from a developer who claims the company dropped him as a partner in an 850,000-square-foot industrial development in Miami Gardens. The developer, David Metalonis, alleges breach of a nondisclosure agreement, tortious interference with a business relationship and unjust enrichment in his lawsuit against EastGroup in a lawsuit filed in Miami-Dade Circuit…
Extension of Property Tax Discount in Miami-Dade and Potentially Other Counties
On September 4, 2017, Governor Scott issued Executive Order 17-235 in response to anticipated severe damage across Florida due to Hurricane Irma. The Executive Order granted the Florida Department of Revenue authority to issue an Emergency Order to waive and extend the local taxing authorities’ compliance deadlines related to the budget process and associated setting of millages and special…
CubeSmart self-storage location coming to Little Havana
Atlanta-based Mequity Cos. acquired property in the Little Havana area of Miami for construction of a self-storage building. An affiliate of Mequity bought the development site for $2.3 million from Kay-B LLC, managed by Mario Bramnick. The South Florida Business Journal also reported that Mequity obtained a $20.17 million loan to finance construction of the eight-story self-storage building, which will…
Flexibility And Adaptability Are Key To Miami-Dade Transportation Decisions, Mayor Gimenez Says
Flexibility and adaptability are key for Miami-Dade County’s transportation decisions, Mayor Carlos Giménez told directors of the Downtown Development Authority Nov. 17. He and Alice Bravo, county transportation director, spoke to the downtown group. “We’re on the cusp of a revolution in transportation” with autonomous vehicles and other technologies, including trains with rubber wheels and…
Rental project near Coral Gables expected to open in late 2019
A developer building a Miami residential development on Coral Way, within walking distance of downtown Coral Gables, expects to complete construction in about two years. CADE Capital Partners last month began construction of MB Station, which will have 190 rental housing units and 4,805 square feet of commercial space. CADE also is building a Miami-Dade County fire station on the site.
Why Cold Storage Warehouse Investment Could Be The Next ‘Big Thing’
As grocery chains seek to keep pace with Amazon Fresh and other online-to-door food delivery services by establishing a distribution network to transport perishables, cold storage units are paramount. Since the global financial crisis, temperature-controlled warehouse units have benefited from cap rate compression as warehouse values have skyrocketed, CoStar reports. Currently, market caps in the…
Miami Jewish Health System pushes vast expansion
Miami Jewish Health Systems is moving ahead with its major expansion plans and has earned preliminary approval from city commissioners. Phase I is set to begin next year and include construction of a cutting-edge memory care facility to be called Empathicare Village, a substantial addition to the medical campus in Miami’s Little Haiti neighborhood. The health system has been operating…
Ugo Colombo, partner buy Bay Harbor Islands development site
Developers Ugo Colombo and Valerio Morabito just bought the Bay Harbor Continental site for $20.5 million. Property records show the partnership paid P3 Investments about $400 per square foot for the 1.2-acre development site at 1135 103rd Street in Bay Harbor Islands. It was previously approved for a seven-story, 29-unit boutique condo project designed by Italian design firm Pininfarina. Colliers…
Why Commercial Real Estate Owners Will Salivate Over The Republican Tax Plan
There’s a lot to love in the GOP tax plan for the commercial real estate industry. Commercial property owners would see several benefits under bills from both the House and Senate, including lower taxes on their profits and the ability to avoid a 30 percent limit on interest expense deductions, according to the Wall Street Journal. The Senate bill would also lower the commercial property depreciation period…
Miami River marina plans to add 100-seat restaurant
A marina on the Miami River plans to expand its business with the addition of a restaurant. 5th St Marina LLC is proposing construction of a 100-seat restaurant with some outdoor seating at 341-361 NW South River Drive, next door to 5th Street Marina. The Miami River Commission is expected to review the project Dec. 4. The commission’s Urban Infill and Greenways Subcommittee discussed the plan…
AIDS foundation buys retail building on Biscayne Boulevard
The AIDS Healthcare Foundation is branching out into Biscayne Boulevard, in Miami’s Edgewater neighborhood. Property records show AHF paid $6.8 million for a retail building at 2400 Biscayne Boulevard. The sellers are the owners and managers of KOM, the furniture store that occupies the building. Luis Morales Valerio and Javier Ocampo sold the 8,670-square-foot retail building for about $784 per…
Subcontractors claim they are owed millions for ballpark work
Florida construction projects are often the work of delegation and cooperation. For example, an entity may wish to build a facility and need the help of construction experts. Those experts may take on the great task of managing the project but along the way may hire additional entities to perform work on the project. A project developer may therefore retain a general contractor to manage…
Tibor Hollo Might Start One Bayfront Plaza In 2018, Earlier Than Planned
Several supertall tower planned by Tibor Hollo could still break ground in 2018. Hollo told the Herald yesterday that both One Bayfront Plaza and The Towers By Foster + Partners in Brickell could begin construction in 2018, although it is more likely that work will begin in 2019. Each would be built at 1,049 feet above sea level, making them supertalls. Earlier, the developer had said that construction on One…
Foreclosure fight: North Beach condo-hotel owners rally against $9.4M in assessments
For close to a year, investors have been locked in an epic fight to hold onto their units in a 1990s Miami Beach condo-hotel, amid claims they owe $9.4 million in unpaid assessments. Between December 13, 2016 and October 9, Port Orange, Florida-based Schecher Group has filed foreclosure lawsuits against 65 individuals and companies that own units in the Sixty Sixty Resort at 6060 Indian Creek Drive.
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Green Street Advisors Notes First Yearly Decline in United States Commercial Property Prices Since Last Recession
Chart: First yearly decline in US commercial real estate prices since the recession – pic.twitter.com/pkHoUfVzdJ
— (((The Daily Shot))) (@SoberLook) November 21, 2017
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Video: IREM’s Government Affairs Coordinator Andrew Lomo on What’s New in Fair Housing Rental Properties
The host of America’s Commercial Real Estate Show, Michael Bull, is at NAR (National Association of Realtors®) discussing with his guest, Andrew Lomo, Government Affairs Coordinator with IREM (Institute of Real Estate Management), fair housing for rental properties, issues to avoid with rental properties, and what’s new with rental properties. These, of course, are all issues of the utmost importance to investors in multifamily properties.
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Miami Commercial Real Estate News November 15, 2017: Target to Open in South Beach; Tax Plan Implications; More…
Historic Olympia Theater offer may still spark renovation
A developer’s proposal to renovate the historic Olympia Theater building at 174 East Flagler Street in downtown Miami may be the catalyst for a restoration of the entire property – even though the proposal was withdrawn after voices of opposition were raised. Now the owner of the famous venue, the City of Miami, is studying exactly what will be needed to bring the theater and the old building above it…
Builder pick set to spur Coconut Grove bayfront development
A contractor has been selected to build the long-awaited Grove Bay Parking Garage on the waterfront in Coconut Grove. The city’s Off-Street Parking Board on Nov. 1 authorized the Miami Parking Authority to negotiate a construction agreement with Munilla Construction Management (MCM). Authority staff reported that MCM was the lowest responsible bidder among six companies at $14,526,192.
Target is taking its talents to South Beach
Miami Beach is getting its first Target, the company announced Tuesday. They’ll be opening a small-format store at a new development called BLVD at Lenox, which will be located on the corner of Fifth Street and Lenox Avenue. It’s across the street from a popular retail space housing major tenants like Publix, Best Buy, Total Wine, and T.J. Maxx. The Target store will encompass 33,000 square feet, which…
Target to open first Miami Beach store
Miami Beach residents, rejoice. Target is coming to South Beach, which means residents will no longer have to leave the island to get their Target fix. The retailer will open its first small-format store in South Florida at BLVD at Lenox, a four-story retail development being built by Michael Comras’ MAC 1045 5th St. LLC, according to a press release. The 33,000-square-foot store is slated to open in the spring of 2019.
Institute of Contemporary Art, Miami ready to make a splash
With preparations underway to open its permanent home in the Miami Design District on Dec. 1, the Institute of Contemporary Art, Miami plans to kick off its grand opening with a bold inaugural program that its director says reflects the museum’s commitment to championing new narratives in contemporary art, while providing a platform for the exchange of art and ideas. “We are thrilled to…”
Bruce Berkowitz And Billionaire W.R. Berkley Buy Coconut Grove Assemblage
A company led by billionaire William Berkley and Bruce Berkowitz of Fairholme Holdings just picked up pieces of an assemblage in west Coconut Grove. B and B Group Properties LLC paid $5.4 million for six lots totaling about an acre at a bankruptcy auction on Tuesday… The properties sold were: 3364, 3384, 3441 and 3461 Grand Avenue, and 3400 and 3412 Florida Avenue. Other bidders…
South Miami kills plan to redevelop Shops at Sunset Place
The Shops at Sunset Place at 5701 SW 72nd Street won’t be redeveloped anytime soon. The South Miami City Commission killed proposed zoning rules that would have allowed the mall’s new owners, Federal Realty Investment Trust, Comras Company and Grass River Property, to redevelop the aging mall. Commissioners voted 3-2 against the project during a meeting that stretched into Tuesday…
Apartment developers warn micro units may not make living more affordable
Micro units may not be worth the hype, according to prominent apartment developers in Miami. “The cost of land in the city makes the price per unit the same regardless of size,” said Carlos Melo, a principal of the Melo Group, during a panel discussion on millennial living hosted by Bisnow on Wednesday. “So you really don’t reduce the price of the unit.” Melo’s company has developed nine apartment…
Dallas REIT wants to build mixed-use rental complex in Wynwood
One of the nation’s largest multifamily companies is planning a major project for the north end of Wynwood. Dallas-based Westdale Real Estate Investment Management is seeking to redevelop 19 properties in Miami’s hot neighborhood into a 202-unit apartment complex with some office and commercial space, according to documents and plans submitted to the city’s planning and zoning department.
Fanjul sugar moguls score loan for new Palmetto Bay project
The development arm of the Fanjul’s Florida Crystals just took out a $43.6 million construction loan for an apartment complex in Palmetto Bay. PNC is providing the financing, property records show. FCI Residential plans to build Atlantico Palmetto Bay, a 271-unit rental building at 17945 Southwest 97th Avenue with about 7,000 square feet of commercial space. Last year, FCI affiliate FCI Palmetto Bay LLC…
Coconut Grove Playhouse grant denied by state
By now, you probably have heard about the issue regarding Bernardo Fort-Brescia, CEO of Arquitectonica destroying mangroves behind his house at the Moorings here in the Grove, claiming that Hurricane Irma destroyed them. The story was front page news in the Herald, blasted all over Sunday’s front page. It’s not such a catastrophe on the surface if you take Hurricane Irma into account, but the fact that…
One Company Is Single-Handedly Transforming Miami Suburb of West Miami
West Miami, where Sen. Marco Rubio lives and started his political career as a commissioner, is adjacent to affluent Coral Gables. EIG has developed three apartment complexes there: Soleste West Gables (206 units), Soleste West Gables II (221 units) and Soleste Club Prado (196 units). EIG has plans to develop two more projects in West Miami — Soleste Alameda, to include 310 units, and Soleste Twenty2…
GOP tax reform plan could slash Florida home values, Florida Realtors say
The House bill will end the practice of writing off local property taxes, will limit first home mortgage loans and will not allow homebuyers to take out mortgage-interest deductions for second homes. A proposed tax-reform bill making its way through the U.S. House of Representatives has some Realtors worried about its impact on home ownership. Some said the tax bill could cut Florida home values…
Mall sector brings down commercial property values
The country’s struggling mall sector is pulling overall commercial property values down with it, according to a new report. Green Street Advisors’ Commercial Property Price Index declined 1 percent to 125.5 in October, the most dramatic month-over-month decline since the recession, the Wall Street Journal reported. Mall values fell 6 percent in October from September and 11 percent in the past year.
Miami’s Apeiron at Jockey Club gains key approval
Apeiron at the Jockey Club, a planned luxury residential-hotel project for just north of Miami Shores, has received approval from the Biscayne Shores Community Council. The unanimous 5-0 vote from a council comprised of area residents was reached after the zoning staff at the Miami-Dade County’s Department of Regulatory and Economic Resources provided a favorable recommendation, according…
Echo Brickell, projecting sellout of $300M, begins closings
Property Markets Group and JDS Development Group just completed Echo Brickell with an expected sellout of about $300 million, developer Ryan Shear told The Real Deal. Nearly 30 units have closed to date, Shear said. The developers launched sales of the 57-story, 180-unit tower at 1451 Brickell Avenue in 2013. ISG is handling sales and five units are left, according to Shear. Buyers hail from around…
What Will Happen To Little Haiti Real Estate If Haitians Lose Temporary Protected Status?
If President Donald Trump’s administration does what it has threatened and ends a program allowing people from troubled nations to temporarily live in the United States, Miami could see an exodus of some 50,000 people, many of those from its quickly gentrifying Little Haiti neighborhood. Wikipedia Little Haiti has a vibrant stretch of retail on NE Second Avenue. Business could be affected if Haitians with…
Will the city of Miami go mini? Commission to vote on smaller micro units
The city of Miami will vote on a new standard of micro units at a commission meeting this week. The ordinance would bring the minimum size of micro units to 275 square feet, smaller than the 400-square-foot minimum currently in place. It was recommended for approval by the city’s planning, zoning and appeals board on Nov. 1 and will go before the commission on Thursday. Micro units allow developers…
Miami Beach voters approve North Beach mixed-use district, reject Ocean Drive alcohol ban
Miami Beach voters approved a measure on Tuesday that will increase density in the city’s North Beach neighborhood, and rejected an ordinance that would curtail alcohol sales on Ocean Drive. The North Beach ballot measure was approved by nearly 59 percent of voters just two years after they rejected a similar density increase in North Beach. Miami Beach residents have consistently rejected any density…
Terra and Related propose new mixed-use office project in the Grove
Terra and the Related Group want to add a new office development to their plans for Coconut Grove. The two Miami developers, which are in the midst of building Park Grove, are seeking rezoning of the properties at 2850 Tigertail Avenue and 2765 South Bayshore Drive from T5-O and T6-12-O to T6-8-O, according to documents filed with the city of Miami. The joint venture will go before the Miami City…
American Legion Post To Be Developed For Mixed-Use
Last year, Global City Development and Midtown Group announced that they would redevelop an underused waterfront Upper Eastside property owned by the American Legion. The parcel at 6445 Northeast Seventh Ave. would be transformed into a mixed-use waterfront project with 237 apartments, plus state-of-the-art facilities for military veterans of American Legion Post No. 29. But Global City also…
Why commercial real estate owners will salivate over the Republican tax plan
There’s a lot to love in the GOP tax plan for the commercial real estate industry. Commercial property owners would see several benefits under bills from both the House and Senate, including lower taxes on their profits and the ability to avoid a 30 percent limit on interest expense deductions, according to the Wall Street Journal. The Senate bill would also lower the commercial property depreciation period…
Miami’s TSG Group launches national investment platform
Miami-based TSG Group is launching a new investment platform with plans to spend up to $300 million on commercial real estate in the U.S. over the next two years. Black Salmon is led by TSG’s Camilo Lopez and Jorge Escobar; Ignacio Murman, former head of acquisitions of Independencia Asset Management; Diego Madotta, former commercial vice president of Capital Markets Argentina; and Eduardo…
Brickell Avenue Building Being Offered as Prime Redevelopment Site
The Banco Santander Building in downtown Miami is for sale, but prospective buyers are likely more interested in the land than the 15-story tower sitting atop it. Avison Young’s listing flyer describes the 188,138-square-foot building at 1401 Brickell Avenue as a, “One-of-a-kind redevelopment opportunity,” between the most prominent buildings in the corridor: the Four Seasons and Brickell Arch.
The host of America’s Commercial Real Estate Show, Michael Bull, is at NAR (National Association of Realtors®) discussing with his guest, Andrew Lomo, Government Affairs Coordinator with IREM (Institute of Real Estate Management), fair housing for rental properties, issues to avoid with rental properties, and what’s new with rental properties. These, of course, are all issues of the utmost importance to…
The Real Deal South Florida 4th Annual Real Estate Showcase & Forum – Panel 2: Sizing Up the Development Cycle, featuring Edgardo Defortuna, David Martin, Arthur Falcone, and Hiten Samtani.
Four Factors That Could Threaten Industrial Real Estate’s Winning Streak
U.S. industrial real estate fundamentals were strong this past year and are expected to continue their upward trajectory throughout the next 18 months. A strong economy, plenty of investment properties and a slew of buyers have led to favorable market conditions while the rise of e-commerce and the push for same-day deliveries will continue to lead to exponential growth in industrial leasing activity…
Miami is the least affordable city for renters in the US: report
The Magic City is not just expensive. It’s the most expensive. Miami ranked as the least affordable metro for renters in the U.S. last year, according to a new report. Nearly 63 percent of Miami renters spent more than 30 percent of their income on rent in 2016, according to Apartment List. Miami ranked the worst at No. 100, while Ogden, Utah, has the lowest share, at 37.9 percent. In Miami, rents have…
10 of Miami’s most iconic buildings, mapped
Miami may not have quite the same voluminous history as some other major cities across the country but our rapidly developing cultural melting pot still offers a magnificent list of iconic architecture. We attempted to pick out 11 buildings of varying sizes from across multiple eras. Single family properties were not featured prominently (we’ll look into posting an additional map highlighting those) but there was…
Office Space on Doral Boulevard Leased
Doral, LLC is pleased to announce it concluded its 12,450 sq. ft. office space sublease assignment at the Federal Reserve Bank located at 9100 Doral Boulevard in Doral, Florida. The sublease is for a long term totaling over $1M. The Sub-Landlord was Claro Video, Inc. a multinational telecommunications company and the Sub-Tenant was US Health Exchange, LLC. (USHX), a health insurance provider.
Video: Area commercial brokers on South Florida’s rising retail rents and evolving tenant mix
Miami is somewhat immune to challenges that face retail across the country, a group of top brokers told a crowd at The Real Deal’s Fourth Annual Miami Real Estate Showcase & Forum in October. Lyle Chariff, Tere Blanca, Avra Jain and Jonathon Yormak were joined by TRD’s South Florida Managing Editor Ina Cordle on a panel titled “Commercial’s Hot Pockets: From broker poaching to an evolving…
ICSC Alert: Tax Reform Update
On November 2, the long-awaited legislation on tax reform was released by Chairman Brady of the House Ways and Means Committee. The “Tax Cuts & Jobs Act” favorably addresses a number of elements related to the retail real estate industry that ICSC, in collaboration with others, has been actively lobbying. In this first draft of the bill, carried interest has been left untouched; a 25% rate for a portion…
Miami commission to hold preliminary vote on contentious parking garage plan near Design District
A controversial plan to build a new parking garage on the border of Miami’s Design District and the Buena Vista neighborhood is set for its first city commission vote next week. Oak Plaza Associates, a partnership between Craig Robins‘ Dacra, L Real Estate, General Growth Properties and Ashkenazy Acquisition Corp, is seeking permission to rezone five duplexes and two commercial properties along North…
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The Florida Commercial Contract CC-5 ~ Commercial Property Purchase Agreement
Below are links to jump directly to key sections of the FAR/BAR Florida Commercial Contract CC-5, commonly used in Florida for commercial property purchase transactions. This form replaced its predecessor, the FAR/BAR Commercial Contract CC-4, in 2017.
Commercial buyers otherwise inclined to begin the process with a letter of intent (LOI) should consider simply beginning with this widely used form. An LOI is non-binding. Some might say it is a written handshake, but it is really less than this. A handshake can be a verbal agreement, implied if not legally binding, but an LOI is generally non-binding, because it (almost always) says so. Conversely, a contract is binding, locking up a property for a buyer. If a due diligence period is chosen in section 7 (language here, line 126), a buyer has time to fully evaluate the property during the (due diligence) period.
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Video: Miami Developers Edgardo Defortuna, David Martin, Arthur Falcone, Hiten Samtani Size up the Development Cycle
The Real Deal South Florida 4th Annual Real Estate Showcase & Forum – Panel 2: Sizing Up the Development Cycle, featuring Edgardo Defortuna, David Martin, Arthur Falcone, and Hiten Samtani.
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Miami Commercial Real Estate News November 8, 2017: Apartments Proposed on Miami River Shore; Miami Rents Dip in October; More…
Rental apartment building proposed on shore of Miami River
A developer is proposing to construct a rental building with 63 market-rate apartments on the south shore of the Miami River at 1515 NW South River Drive. Antonio P. Pardo of 1515 Miami River LLC is requesting land use and zoning changes on the property from the City of Miami. The Miami River Commission has recommended approval of the project, with several conditions. The land use and zoning…
Miami apartment honoring Celia Cruz breaks ground in Little Havana
Plaza Celia, a 16-unit boutique apartment building at 2640 Southwest 12th Street, broke ground recently in Little Havana, with Miami Mayor Tomás Regalado on hand for the ribbon-cutting ceremony kicking off construction. The development’s name honors the late Cuban-born singer Celia Cruz, the Queen of Salsa and an advocate for freedom and justice for the Cuban people. The lobby will…
Another one bites the dust: HFZ cancels Fasano condo project at Shore Club hotel
HFZ Capital Group is canceling Fasano Residences Miami Beach, a 67-unit luxury condo project planned for the Shore Club hotel property, The Real Deal has learned. The New York developer began reaching out to buyers on Friday and is in the process of returning deposits, Jay Parker, CEO of Douglas Elliman Florida, told TRD. Elliman’s Jorge Sanchez, the sales director, confirmed the sales center is closed.
Committee backs downsized Miami Beach convention center hotel
More than a year and a half after voters rejected a 288-foot tall convention center hotel in Miami Beach, an ad hoc committee is recommending a proposal for a hotel capped at 185 feet with up to 1,000 rooms, according to a recently released report. At a Miami Beach City Commission meeting on Tuesday, commissioners deferred a discussion on the committee’s findings until a later, as yet…
Miami rents dip in October, rank 9th nationally
Miami rents moderately dropped last month, according to reports by both Zumper and Abodo. The former says one bedroom median rent in Miami, which continues to rank ninth nationally, decreased by 2.8 percent to $1,750 while the national one bedroom median rent dipped by 1.4 percent to $1,175. It was the largest decrease by a city ranked in the Top 10 outside of Seattle, which dipped by 3.7%…
Wage slowpoke Miami suddenly leads the national pack
The labor market puzzle just got more perplexing. Job demand is growing, unemployment is falling, yet wages seem stuck in place. Or are they? “Jobs Rebound, Wages Stand Still” was the Wall Street Journal’s banner weekend headline as it reported a 17-year jobless low yet a national annual wage increase of only 2.4%. What’s really happening? In the Miami region, what’s happening is that we have in just…
Wynwood brewery building sells to Brooklyn investor
The building leased to Veza Sur Brewing Co. in Wynwood just sold for $4.5 million, or nearly $1,200 per square foot. Property records show Wynwood Warehouse 25th St. LLC sold the building at 55 Northwest 25th Street to an entity controlled by Philip Knoll, a Brooklyn-based investor. The off-market deal was brokered by Alex Sherman of Affinity International Realty and Dov Tepper of Forte Capital…
Miami doesn’t crack Top 25 in new Amazon HQ study
A new study by real estate research firm Reis looking at the best cities for Amazon’s second headquarters didn’t so much as sniff in Miami’s direction as a legitimate option. Instead, New York, San Francisco, and Washington D.C. paced the list, which was comprised of 25 metro areas across the nation. Amazon has received proposals from over 200 cities and the project would create roughly 50,000 jobs.
Watch: South Florida’s top developers size up Miami’s post-boom market
Edgardo Defortuna, David Martin and Art Falcone joined The Real Deal’s Hiten Samtani for a discussion on Miami’s post-boom market at TRD’s fourth annual showcase and forum last week. The panel touched on the challenges of a slow market, land banking, financing and more. Falcone, co-founder and managing principal of Encore Capital Management, said the key to developing a major mixed-use project…
New York firm scores loan for project in Miami’s Upper East Side
A company tied to New York-based Knickpoint Ventures just secured $13.75 million in financing for a Class A self-storage facility in Miami’s Upper East Side, property records show. Florida Community Bank provided the loan to Bel Air Crest LLC. Records show the entity paid $840,000 for the 29,000-square-foot lot at 7865 Northeast 10th Avenue in 2003. Knickpoint was founded this year by Zain Koita…
Florida Blue Relocates Within Doral, Marking South Florida’s Largest Office Relocation Of 2017
Cushman & Wakefield and Behar Real Estate Group, Inc. announced today that it has negotiated an ±81,000-square-foot relocation lease with Florida Blue at Doral Court. According to Cushman & Wakefield research, this the largest office relocation lease of 2017 in Miami-Dade, Palm Beach and Broward Counties. Managing Director Gordon Messinger negotiated the lease on behalf of a joint venture…
Developer Funding For Underline Could Result In Larger, Taller Projects Along Metrorail
Developers building projects along or near the Underline could be allowed to go bigger if they contribute funds for the city of Miami’s portion of the planned 10-mile long linear park. Under a proposal crafted by the clty’s planning and zoning department, projects within a half-mile radius of Metrorail stations could get an increase in height from eight to 12 stories, as well as a floor lot ratio bonus increase…
Miami’s Wynwood Walk begins construction
A new retail and restaurant space in Wynwood Thor Equities announced the beginning of construction on Wynwood Walk, a large restaurant and retail space set to rise in the booming Miami neighborhood. The 63,000-square-foot project is located at 2800 Northwest 2nd Avenue and was designed by Oppenheim Architecture. Details include a green rooftop, a paseo, 300 feet of retail frontage on…
Bayside Marketplace tenants accuse ownership of dirty dealings
The owners of Bayside Marketplace at 401 Biscayne are embroiled in a very ugly legal war with a small group of tenants and ex-tenants that were evicted from the open-air mall in recent months, according to court documents filed in Miami-Dade Circuit Court. In separate counterclaims and responses to eviction lawsuits filed by Bayside Marketplace LLC, two retailers and two restaurant operators accuse…
Arbor Coconut Grove to break ground tomorrow
A 52-unit boutique condo Miami’s latest condo to break ground will be the 52-unit Arbor, which plans to begin vertical construction tomorrow morning in the heart of Coconut Grove, per developers Urban Atlantic Group and Oak Ventures. The five-story project designed by Behar Font Architects will rise at 3034 Oak Avenue and features interiors by New York-based Samuel Amoia. The site is located just…
330-unit apartment building near Miami airport secures $52M in construction financing
Soleste Blue Lagoon is planning to break ground early next year Expecting to begin vertical construction in the first quarter of next year is a 330-unit apartment development just south of Miami International Airport. Estate Investment Group has closed on $52 million in construction financing from Florida Community Bank for Soleste Blue Lagoon, which will rise eight stories at 5375 Northwest 7th Street.
Developer nabs construction loan for Blue Lagoon apartments
Estate Investment Group just closed on $52 million in construction financing for a new project near Miami International Airport. The developer, led by founder and principal Robert Suris, secured the loan from Florida Community Bank for the 330-unit Soleste Blue Lagoon luxury complex, at 5375 Northwest Seventh Street in Miami. It’s expected to be completed by mid 2019, according to a news release.
New Miami food halls set to open in Wynwood and Aventura
1-800-LUCKY and Treats Food Hall Miami’s culinary scene continues to explode with the announcement of two food halls that are both expected to open this month. First, a marketplace called 1-800-LUCKY is set to open in Wynwood at 143 Northwest 23rd Street. It’s located next to The Butcher Shop and sits a block away from Coyo Taco; whose team of Sven Vogtland and Alan Drummond, in…
Wynwood Park to blend retail with curated food
Wynwood Park, a mixed-use project by ASG Wynwood LLC, an affiliate of ASG Equities and the Gindi Family, which is set to open in early 2019, has set its sights on creating a retail experience focused on international curated food and beverage options combined with progressive retail. “It’s all about the experience,” said Tony Arellano, executive vice president at Metro 1 Commercial. “We are looking to…”
Watch: Experts talk climate change and its impact on the real estate industry
Francis Suarez, Patrick Murphy, Kobi Karp and Bruce Mowry discussed what rising sea levels mean for the real estate industry in South Florida at The Real Deal’s Fourth Annual Miami Real Estate Showcase & Forum in October. The group, moderated by TRD’s Editorial Director of Digital Hiten Samtani, spoke candidly about encouraging resilient buildings, changing city codes, engaging politicians and…
Thor starts construction on Wynwood Walk
Thor Equities is beginning construction on its planned retail and restaurant development Wynwood Walk, after securing construction financing, The Real Deal has learned. New York-based Thor won approval from the Wynwood Design Review Committee in May for the project at 2800 Northwest Second Avenue, to be built on 2.3 acres the firm owns in the artsy neighborhood. The developer recently…
Bad news for the rental market: Millennials have finally started buying homes
Sorry, apartment landlords, but it looks like millennials are interested in settling down and buying houses after all. According to the U.S. Census Bureau, homeownership rose to 63.9 percent in the third quarter of the year, the highest rate it has reached since 2014, the Wall Street Journal reported. This is partially due to millennials hitting that age where a house and a family start to seem more appealing than…
Mattoni Group closes on commercial units at 1010 Brickell
The developers of 1010 Brickell just sold two commercial units to Mattoni Group for $10.5 million, property records show. Mattoni put the units under contract about three years ago, president Ricardo Caporal said. They total 11,283 square feet with an additional 1,976 square feet of outdoor space. Mattoni secured leases with the Halal Guys of New York City, an undisclosed national tenant and an undisclosed…
Miami-based real estate tech startup Gridics closes $1.6M seed round
Gridics just raised a $1.6 million round of seed funding, led by South Florida developer BH3. The Miami-based real estate tech startup will use the investment for development and sales of its Zonar.City platform, according to a news release. Dune Road Capital is also an investor. Since it was founded in 2015, Gridics has raised $3.735 million, according to co-founder and director of business development…
Housing, E-Commerce Driving Industrial Boom in Miami
Robust demand for industrial properties was the biggest buzz among brokers and other professionals on NAIOP’s annual commercial real estate bus tour in Florida’s Miami-Dade County. Close to one-third of the 25 featured properties during the daylong event on Nov. 2 were recently completed or under-construction projects. One of the first stops was the South Florida Logistics Center, where owner JP Morgan…
College Nannies Sitters and Tutors Secures Space for New South Florida Location
An approximately 1,087 square feet retail space has been secured in the Miami, Florida suburb of Coral Gables for a new College Nannies Sitters and Tutors location. The space sits within Gables Ponce, an 84K sf retail and residential property on 2.32 acres just off US Highway 1 and Le Jeune Road. The College Nannies Sitters and Tutors location at 4583 Ponce de Leon…
Video: Trademark Property Group CEO Terry Montesi Talks Retail Development Today
Terry Montesi, CEO at Trademark Property Group, joins America’s Commercial Real Estate Show to chat about forecasts in the retail market, what appears to be trending amongst millennials, changes happening in parking structure for retail properties, changes in food and beverage and entertainment, and general tips for tenants, commercial real estate investors and retail industry professionals.
Video: PwC’s Mitch Roschelle, Andrew Warren on PwC/ULI Emerging Trends in Real Estate: Best Bets
Mitch Roschelle, Real Estate Practice Leader at PwC, and Andrew Warren, Director of Real Estate Research at PwC, make an appearance on America’s Commercial Real Estate Show to discuss the PwC / ULI 2018 Emerging Trends report. Among the trends discussed in this video are: affordable housing; construction costs and labor; opportunities in retail; best investment bets.
Video: PwC’s Mitch Roschelle, Andrew Warren on PwC/ULI Emerging Trends in Real Estate: Top Cities
Mitch Roschelle, Real Estate Practice Leader at PwC, and Andrew Warren, Director of Real Estate Research at PwC, make an appearance on America’s Commercial Real Estate Show to discuss the PwC / ULI 2018 Emerging Trends report. Among the trends discussed in this video are: the top 78 cities to invest in; where capital is going; sectors; opportunities.
Video: PwC’s Mitch Roschelle, Andrew Warren on PwC/ULI Emerging Trends in Real Estate: Part 3
Mitch Roschelle, Real Estate Practice Leader at PwC, and Andrew Warren, Director of Real Estate Research at PwC, make an appearance on America’s Commercial Real Estate Show to discuss the PwC / ULI 2018 Emerging Trends report. Among the trends discussed in this video are: Residential and multifamily housing stock; investments in the market for new construction; retail direction with e-commerce…
Video: PwC’s Mitch Roschelle, Andrew Warren on PwC/ULI Emerging Trends in Real Estate: Part 2
Mitch Roschelle, Real Estate Practice Leader at PwC, and Andrew Warren, Director of Real Estate Research at PwC, make an appearance on America’s Commercial Real Estate Show to discuss the PwC / ULI 2018 Emerging Trends report. Among the trends discussed in this video are: generational procession; technology impacting generations; generations in the work force; multifamily expectations; supply in…
Video: PwC’s Mitch Roschelle, Andrew Warren on PwC/ULI Emerging Trends in Real Estate: Part 1
Mitch Roschelle, Real Estate Practice Leader at PwC, and Andrew Warren, Director of Real Estate Research at PwC, make an appearance on America’s Commercial Real Estate Show to discuss the PwC / ULI 2018 Emerging Trends report. Among the trends discussed in this video are: what is Emerging Trends; how results are formulated; business profitability expectations; measure of sentiment; economic expansion…
Capital controls strangle Chinese investment — but some firms find ways around them
Beijing’s capital controls continue to cut into Chinese investment in U.S. real estate. Overseas real estate investment from China totaled $19.7 billion in the first three quarters of the year according to Real Capital Analytics – a far slower pace than 2016, when Chinese firms bought $36.8 billion in properties during the entire year. “One thing that’s concerned the regulators, these rich entrepreneurs were…
There have always been investors who value profitable opportunities that create a positive social and economic impact on communities and the environment. In Miami, the market I serve, impact investment in new-construction projects is an increasingly popular choice for investors who embrace this noble creed. The investment opportunity is a result of an aged housing stock within stable and desirable…
Miami Parking Cost Well Down the List Versus Other Cities Globally
All prices were calculated as the mean of corresponding parking rates for all publicly available off-street parking facilities in a city center based on Parkopedia’s global dataset of parking in 6,500 cities across 75 countries. 2 hour parking: 2 hour stay on a weekday. Day parking: 8 hour stay on a weekday. Monthly parking: Unreserved monthly rate (a space is guaranteed but it is not a dedicated space).
How do I negotiate a commercial lease?
Commercial leasing is an important concern for many businesses and companies. As a result, it can be helpful to understand the different aspect of a commercial lease and how to negotiate a commercial lease to help avoid commercial lease litigation. Commercial leases are commonly negotiated and most all of the terms of the lease may be negotiated but tenants negotiating a commercial lease may wonder…
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Video: Trademark Property Group CEO Terry Montesi Talks Retail Development Today
Terry Montesi, CEO at Trademark Property Group, joins America’s Commercial Real Estate Show to chat about forecasts in the retail market, what appears to be trending amongst millennials, changes happening in parking structure for retail properties, changes in food and beverage and entertainment, and general tips for tenants, commercial real estate investors and retail industry professionals.
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Video: PwC’s Mitch Roschelle, Andrew Warren on PwC/ULI Emerging Trends in Real Estate: Best Bets
Mitch Roschelle, Real Estate Practice Leader at PwC, and Andrew Warren, Director of Real Estate Research at PwC, make an appearance on America’s Commercial Real Estate Show to discuss the PwC / ULI 2018 Emerging Trends report. Among the trends discussed in this video are: affordable housing; construction costs and labor; opportunities in retail; best investment bets.
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Video: PwC’s Mitch Roschelle, Andrew Warren on PwC/ULI Emerging Trends in Real Estate: Top Cities
Mitch Roschelle, Real Estate Practice Leader at PwC, and Andrew Warren, Director of Real Estate Research at PwC, make an appearance on America’s Commercial Real Estate Show to discuss the PwC / ULI 2018 Emerging Trends report. Among the trends discussed in this video are: the top 78 cities to invest in; where capital is going; sectors; opportunities.
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Video: PwC’s Mitch Roschelle, Andrew Warren on PwC/ULI Emerging Trends in Real Estate: Part 3
Mitch Roschelle, Real Estate Practice Leader at PwC, and Andrew Warren, Director of Real Estate Research at PwC, make an appearance on America’s Commercial Real Estate Show to discuss the PwC / ULI 2018 Emerging Trends report. Among the trends discussed in this video are: Residential and multifamily housing stock; investments in the market for new construction; retail direction with e-commerce; restaurant trends; transforming space for mix use.
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Video: PwC’s Mitch Roschelle, Andrew Warren on PwC/ULI Emerging Trends in Real Estate: Part 2
Mitch Roschelle, Real Estate Practice Leader at PwC, and Andrew Warren, Director of Real Estate Research at PwC, make an appearance on America’s Commercial Real Estate Show to discuss the PwC / ULI 2018 Emerging Trends report. Among the trends discussed in this video are: generational procession; technology impacting generations; generations in the work force; multifamily expectations; supply in various markets.
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