Banks Are Lending for Commercial Real Estate
With funds in their coffers again, local banks are competing to lend for commercial real estate.“We’ve come full circle,” said real estate attorney Ross Manella, a partner at the law firm of Hinshaw...
View ArticleThe New Building Boom
Terry Pristing of the NYT has this great analysis of the rebound in the Real Estate Market and it’s effects:Of the 22,000 condos created in downtown Miami during the boom years, only about 600 remain...
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Edgewater Property Values Skyrocket
Driving the streets of Edgewater recently, Martin Melo eased the accelerator of his Porsche Panamera to point out large swaths of land his family-run firm has cobbled together for high-rise development...
View ArticleMiami-Dade Property Values Rise
Property values in Miami-Dade County rose for the second year in a row – welcome news for South Florida municipalities, which derive much of their revenue from property taxes.“It’s a good thing for...
View ArticleThe Economy’s Effect on Commercial Real Estate
The performance of the economy has significant implications for the commercial real estate sector, particularly through its impact on job creation and interest rates.Since we officially exited the...
View ArticleMiami Industrial Real Estate Makes a Comeback
More than 1.2 million square feet of speculative industrial space is in development in Miami-Dade County, after several years of virtually no new industrial construction in the county.Although still...
View ArticleExpected Increase in Freight and Cargo Calls for Industrial Space Expansion
More than 100 industrial and commercial real estate experts, port and cargo officials, and business development specialists attended an event on the future of Miami’s industrial buildings held by...
View ArticleLand to Build in Palm Beach and Broward, but Dade Developers get Creative
Palm Beach County’s availability of raw land may be its advantage in competing for some key future economic development projects.When competing for relocating companies, “having property available to...
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In Miami’s Design District, A Mix of Culture and Commerce Is Set to Grow
True grit lies beneath the increasingly well-manicured streets of Miami’s Design District. While luxury shoppers might visit the area’s graffiti-covered Louis Vuitton store — and some of them might...
View ArticleMiami Tax Roll Increases 3.39 Percent
Miami-Dade County’s property-tax base rose 3.39 percent for 2013, marking the second consecutive year of growth after the great real-estate crash that crippled the region’s economy and forced many...
View ArticleRecovery Leads to Creative Financing
For real estate attorney Steven Carlyle Cronig, it’s all about the “crane factor.” That’s the metric Cronig said he uses to take the pulse of the South Florida real estate market.“We are seeing the...
View ArticleDeveloper Sees Green in Miami’s Future
Demand from Miami’s burgeoning, young population for rentals and condos suggests that the region is at the beginning of an extended boom, Fernando Levy Hara, a principal of the mckafka development...
View Article2nd Quarter Real Estate Report
Attached is a great report on the evolution of the Miami Real Estate Market in the second quarter. Quick quote:“The Miami housing market pushed ahead with more sales than during any other quarter over...
View ArticleUnits in South Florida at $725 p/sqft
Developers, optimistic about the condominium market’s rebound, are listing thousands of preconstruction units in South Florida for a median presale price of $725 per square foot, according to a report...
View ArticleLenders Provide $900 Million in New Construction Loans
Some seven years after the dramatic South Florida real estate crash of 2007, lenders have begun to open the financing spigot for proposed condo towers east of Interstate 95 in the tricounty region of...
View ArticleFlorida Leads the Nation in All-Cash Purchases
Florida led the nation last month with what one expert called an “astounding” rate of all-cash home sales: 66 percent, a new report shows.Investor groups, international buyers, landlords and those in...
View ArticleLending at Florida banks far outpaces nation, profits improve
Loan growth at Florida banks beat the national growth rate by more than double in the second quarter and their profitability improved as well.The 203 banks chartered in Florida boosted their loans by a...
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