Aventura, Sunrise, and Boca Raton Among Top U.S. Cities for Future Corporate Relocations
Three South Florida municipalities were among 30 U.S....
North Port Adapts to Second-Fastest Growing City in US Status
NORTH PORT – The city of North Port, which now boasts a...
💡 New Economic Update from SVN Research
GDP Mortgage Applications Interest Rate Expectations New...
The Buildup and Outlook for Florida’s Industrial Market in 2023
Industrial assets built throughout Florida between 2015...
Developer Buys Land to Build 20-Story Tower in St. Pete
DevMar Development has purchased several properties in...
Florida is Second-Best State to Start a Business in 2023
Florida is ranked the second-best state to start a...
Florida Named No. 1 Destination for Retirees
Florida was the No. 1 destination for retirees in the last...
💡 New Economic Update from SVN Research
CPI Inflation Inflation Expectations U-Haul Moving Data...
Cape Coral-Fort Myers Housing Market to Rise in Value in 2023
While home prices across the country are expected to...
Despite Cooling US Housing Market, Florida Still Top Spot for Americans Looking to Move
Nearly 25% of U.S. homebuyers are looking to move out of...
Top 50 Master Plans Sold 31,000 New Homes in 2022
Master-planned communities (MPCs) saw strong but slowing...
Federal assistance for Hurricane Ian surpasses $4B
More than $4.4 billion in federal grants, disaster loans...
The Most Important Retail Trend For 2023
December is when companies like Lyst.com, which collects...
💡 New Economic Update from SVN Research
Q3 GDP & Consumer Spending Revised Up CRE Debt Climbs...
Florida becomes fastest-growing state for first time since 1957
After decades of rapid population increase, Florida is the...
The Blue State Exodus Continues
Texas and Florida make up about 15% of the U.S. population...
These Are the 25 Best Cities to Holiday Shop in America
The holiday shopping season is upon us once again, and...
💡 New Economic Update from SVN Research
Featured topics: FOMC Interest Rate Decision CPI Inflation...
Nearly 25% of U.S. Home Buyers Want to Relocate — and This State Is No. 1 on Their List
With housing costs skyrocketing across the country, many...
Florida Lawmakers to Tackle Ballooning Property-Insurance Crisis
Florida lawmakers are set to begin a special legislative...
Multifamily Units Proposed Off Oil Well Road Near Palmetto Ridge High School
An extension of the Orange Blossom Ranch community,...
Top Grossing U.S. Restaurant Is In Brickell
Miami dominated a new ranking of the top grossing U.S....
Waterfront Miami Site Hits Market Asking Over $1B
In the less than 24 hours since Bloomberg first reported the listing, investors from the U.S., Latin America, Europe, the United Arab Emirates and Canada have already expressed interest in acquiring the site.
Naples Amongst Best U.S Cities For Remote Workers
Naples ranked 19th among the most desirable cities for...
Battista Farms In Fort Myers Sells
An additional 220 acres at 2650 State Road 31 in Punta Gorda also sold.
Industrial Cap Rates Expected To Rise But Outlook For Seasoned Investors Remains Strong
Cap rates could rise another 50 to 100 basis points. But according to one industry expert, the industrial sector should stay a favored asset class for experienced investors, despite rising capital costs.
Developer Proposes 13-Story Office Building In West Palm Beach
Called the Contemporary, the new office would total 155,765 square feet.
Institutional Investors Eye CRE Despite Slump In Confidence
Institutional investors are continuing to increase target allocations to real estate despite the first decline in confidence among the segment in five years.
Bank of America Chosen For Lee County Hurricane Recovery Line of Credit
The Lee County Board of Commissioners approved Bank of...
💡 New Economic Update from SVN Research
Featured topics: Thanksgiving Inflation Inflation ULI-PwC...
A Look at How Charlotte County is Collecting Hurricane Debris
WINK News is getting a look at how crews are picking up...
The South Florida Office Market: Opportunity Or Liability?
Inflation, rising interest rates and remote work have left the asset class uniquely exposed to declines in valuation and vultures are beginning to circle.
North Port-Sarasota Market Called ‘Microcosm’ of Real Estate Trends
SARASOTA, Fla. (WFLA) — The third fiscal quarter is over...
Mortgage Rates Head Up And So Does Demand For Rentals
As multiple CRE experts have been saying, the less likely someone can afford to purchase a home, the more likely they’ll need an apartment, because everyone needs to live somewhere.
Industrial And Multifamily Sectors Stay Resilient Amid Economic Headwinds
With US industrial vacancy at 4% and multifamily’s pipeline tightening, the data from a report shows both sectors have room for rent growth.
Opportunity Exists Everywhere
Broker Cooperation is The Key To Unlocking It By...
North Naples Apartment Complex Sells For $83M
The 25-year-old, three-story building features a fitness center, a basketball court, an outdoor kitchen and lounge area, a dog park and a pool.
Emerging Trends In Real Estate Report: Commercial Real Estate Enters Its “New Normal” Period
In little surprise, the Emerging Trends in Real Estate 2023 report from the Urban Land Institute and PwC US focuses on the way the commercial real estate industry has evolved since the onset of the COVID-19 pandemic in 2020. The report also looks at the more recent headwinds facing the CRE industry, rising inflation rates and persistently high inflation.
💡 New Economic Update from SVN Research
Featured topics: Interest Rate Hike Jobs Report...
City Of Fort Myers Completes Damage Assessment From Hurricane Ian
The city of Fort Myers experienced more than $662 million in residential and commercial damage.
💡 New Economic Update from SVN Research
Featured topics: GDP Beige Book Analysis MSCI RCA...
How Will The Inflation Reduction Act Impact Commercial Real Estate?
If you are a commercial or multifamily property owner, property manager, developer, or investor in CRE, this article will be of particular interest to you.
High Interest Rates Won’t Break The Bank For Apartment Investors
Some sources of financing are drying up, but overall multifamily fundamentals are strong enough to keep funds flowing to borrowers.
What A Rebuilt Southwest Florida Might Look Like
If history is any guide, the areas devastated by Hurricane Ian will be rebuilt even bigger than before — but probably with storm-inspired improvements to local infrastructure and building codes.
💡 New Economic Update from SVN Research
Featured topics: Inflation Winter Energy Outlook Vehicle...
Florida’s Troubled Insurance Market Increasing Concern For CRE Investors
After Hurricane Ian churned up the southwest coast of Florida, attention is now shifting toward recovery and rebuilding. But a huge cloud looms over the efforts: the state’s property insurance market is teetering on the brink of collapse. While the situation is less dire for commercial property insurance, there is still widespread concern the storm’s impact will have on an owners’ ability to insure properties going forward.
Any Panic In Q3’s Multifamily Data Is An ‘Overreaction’
Research cites “disappointing” performance in what is typically the peak leasing season.
Delray Beach Is Moving Forward With A Shipping Container Plaza On Atlantic Avenue
Once the project receives final approval, it would take between 60 and 82 weeks to complete, according to a report from CPZ Architects. A plaza like the one being presented is estimated to cost about $6.7 million, according to the same report.
Lee County Evaluating All Properties, Federal Government Offers Hurricane Ian Tax Breaks
The Lee County Property Appraiser’s office will be evaluating all the county’s 550,000 properties, getting assessments on the damage and redetermining the values during the next couple of months following the destruction wrought by Hurricane Ian.
Why Some Industries Are Moving First On Reshoring Back To U.S.
Technology companies have been leaders in the push to reshore manufacturing. Examples are multi-billion-dollar chip plants, thanks to the $52 billion CHIPS and Science Act that was part of the Inflation Reduction Act. But the shift isn’t only the province of giant companies. Many small- to mid-sized companies are also reshoring or expanding domestic manufacturing.
‘Capital Will Have A Strong Preference For Multifamily’ In The Near Term
Despite headwinds, deals will transact – but patience is key.
💡 New Economic Update from SVN Research
Featured topics: Interest Rate Hike Summary...
Market-Rate Apartments Flourishing In College Towns
Their strong economies, culture and medical services make them ideal for more than just students.
Naples Super 8 Hotel To Become Workforce Housing Units
The 104-room hotel will be converted into more than 100 workforce dignified units in this first-of-its-kind project in Collier County.
Now Is The ‘Golden Age’ Of Multifamily Investment
Multifamily performance has been off the charts during the pandemic. That’s particularly been true for markets across the Southeast and the Sun Belt, which have benefited from migration patterns. And the result is that it’s really the golden age to raise money for multifamily investment because the asset class performs phenomenally well.
Flex Space Gains Momentum In A Hybrid Work World
Companies and workers are finding flex space working arrangements to allow for valuable collaboration, a better balance of office and remote work, and more options overall, and businesses appreciate the opportunity to avoid lengthy lease terms.
Why Changing Consumer Preference, Focus On Amenity Spaces Will Continue To Propel Multifamily Sector
Changing consumer preferences and an increased focus on quality of life and wellness are driving big changes in multifamily development – and the trends show little signs of slowing, according to one industry vet.
Central Offices Are Staging a Comeback
In the early days of the pandemic, experts across the commercial real estate industry consistently opined the market would see companies move toward a hub-and-spoke office-using model to accommodate employees that had moved away from central office locations. But according to a new JLL analysis, investment is increasingly moving back to the hub, less so the spokes.
💡 New Economic Update from SVN Research
Featured topics: Futures Market Forecasts 75 bp Hike Beige...
Here’s What CRE Investors Are Thinking As Inflation Ticks Up
Survey respondents may be dismissive of inflation and interest rate concerns, but the market may be in for a ‘recalibration’.
Tesla To Open New Service Center Near Alico Road, I-75
Tesla signed a 10-year lease for the former mask manufacturing warehouse, which will be used as a regional service center.
2022 Mid-Year Market Report from SVN
2022 Commercial Real Estate Mid-Year Update In this...
Investors Spent $5B On South Florida Rentals In The First Half Of The Year
This year’s $5 billion in sales trails only the second-half of last year, when investors shelled out $5.7 billion for multifamily properties.
💡 New Economic Update from SVN Research
Featured topics: SECOND GDP ESTIMATE REAL ESTATE SENTIMENT...
Rezoning In Cape Coral To Attract More Commercial Development
Council unanimously approved two rezonings from agricultural to commercial corridor.
CRE Investment Activity Is Already Rebounding From Interest Rate Hikes
Six weeks ago, inflationary concerns and rising interest rates started to sour investment appetite. It turned out to be a momentary pause.
CRE Investment Money Is On The Move Among States
Investors are spreading their money out geographically for a number of reasons, including diversification, the search for higher yields, state tax policies, and retirement strategies, “to capitalize on unique market dynamics like migration and demographic trends.”
How CRE Investors Can Still Create Value In A Rising Rate Environment
“Other than owning a company or a franchise, only real estate allows investors to roll up their sleeves, either physically or metaphorically, and create value in an investment.”
More High-Earning Households Are Moving To Florida Than Any Other State
Texas ranked second, followed by Arizona, North Carolina and South Carolina.
While Markets Correct, Are Florida’s CRE Owners Prepared For Higher Property Tax Bills?
Despite the changing economic pressures, 2022 CRE assessments in Florida will receive a significant increase on this year’s TRIM notices in response to 2021’s sales. County appraisers value property based on the economics leading up to Jan. 1, not after.
Florida’s Rent Control Initiative Is Being Resisted By Landlords
The Florida Association of Realtors and the Florida Apartment Association sued Orange County, Florida, last week in an attempt to undermine a ballot initiative aimed at limiting how much landlords can increase their rent prices. If passed in the fall by voters, it would be the first time such a measure is approved in Florida in decades.
CRE Investment Volume Climbs 10% In Q2
Both gateway and Sun Belt markets recorded strong growth.
Apartment REITs Underperformed In Q2, But Remain Attractive For Investors
March may have been the peak of annual rent growth (15.26%)—the metric hit 13.35% in June—but say that “doesn’t tell the full story.”
Partnership to Develop $120M Apartment Community in Cape Coral
The 412-unit property will include one-, two- and three-bedroom floor plans with private balconies, open living areas and high-end finishes. Community amenities will include a gym, pool, dog park, pickleball courts and a business center.
💡 New Economic Update from SVN Research
Featured topics: Inflation Inflation Reduction Act Impact...
Industrial Developers Tackle Construction Challenges
As sites become scarcer, project sponsors are turning to alternative strategies.
378,000 SF Industrial Facility In Punta Gorda Breaks Ground
The property will feature 32-foot clear heights, a single-side loading configuration, 54 loading docks and 73 trailer storage spaces opposite the loading docks.
SWFL Counties Among ‘Places Where Social Security Goes the Furthest’
Charlotte County came in at No. 6 in the financial technology company’s study, followed by Lee County at No. 8 and Collier County at No. 9.
A Strong U.S. Dollar Could Mean A Lot — And Not So Much — For Commercial Property Investment
As of July 29, the value of the dollar was outpacing the euro and the pound by 2 cents and 18 cents, respectively. That could signal an even greater investment opportunity in the U.S. among foreign buyers, though it is far from the only factor at play.
Commercial Contracting Challenges Expected to Continue
A whopping 98% of general contractors surveyed by the firm indicated an increase in supplier costs and material lead times, while 75% reported increased project execution timelines.
Fort Myers Land Sells For $30.8 Million
Certain pockets of Southwest Florida seem to be immune from any national economic downturn trends, including the Interstate 75 and State Road 82 corridor in Fort Myers.
Multifamily Lending To Slow Down For The Rest Of This Year
The organization released a new baseline forecast that projected a much slower second half of the year, with total commercial and multifamily financing to fall by 18% from $891 billion in 2021 to $733 billion in 2022.
Five Challenges And Solutions To Market Pressures On Industrial Real Estate
Here are five key issues to consider when evaluating an SBA 504 refinance for the industrial sector.
Commercial Real Estate Investor Sentiment Signals A Changing Outlook
Preliminary data from SitusAMC Insight’s second quarter 2022 institutional investor survey shows changing preferences among property segments. After so many quarters of seemingly unstoppable growth, the industrial sector is starting to show initial signs of a slowdown, even though fundamentals are still strong.
Office Asking Rents in Miami Break $50 Per Square Foot
Driving the increase in rents was Miami’s Central Business District—which includes Downtown Miami, Wynwood and Brickell.
Building Burden: Rising Construction Costs Weigh Down Profits
Builders have to weigh whether to accept smaller profit margins, eschew some projects altogether or, in the case of affordable housing, seek more money from public funding sources to complete those jobs.
What CRE Investors Should Consider When Contemplating A Recession
So does it really matter if the US undergoes a recession? That depends.
SVN Commercial Partners’ Adam H. Klein, Elon Gerberg Negotiate Sale Of Fort Lauderdale Retail Plaza
Klein and Gerberg represented the buyer, Brickbox Management LLC, in the transaction.
Former Buc-ee’s Site Cleared For Industrial Job Center, Apartments
Alessio Holdings Inc., an Illinois-based real estate investment company, bought the 159 acres from Buc-ee’s for $10 million.
STUDY: Southwest Florida’s Rental Market Is One Of The Nation’s Most Competitive
Southwest Florida is the fourth most competitive rental market in the U.S. due to high occupancy rates, low apartment availability and record-high lease renewal rates, according to a RentCafe study.
Construction Starts Continued To Climb, But Slowdown May Be Looming For Specific Sectors
While the overall trend in construction starts is positive, the very aggressive stance taken by the Federal Reserve to combat inflation risks slowing momentum in construction.
Naples, Fort Myers Among Top 3 Safest Places To Live In U.S.
According to data from Coldwell Banker, Florida was the top-searched state by those looking to relocate and Naples joined Sarasota, Miami and Tampa as top-searched destinations.
Investors Eye Industrial Assets In Port Cities As Market Fluctuates
Industrial assets in port markets are trading for a premium. Despite the fact that port markets are more expensive, they still present themselves as a better long-term play for investors.
Mid-Year Gut Check On Top 10 CRE Investment Categories
At the start of 2022, the investment profile for commercial real estate was generally bright, albeit tempered with concerns about rising inflation and interest rates on the horizon. Now in the thick of these events, one silver lining is that it is easier to see the strengths and weaknesses of the various asset classes.
CRE Price Growth Still High… For Now
CRE prices are still rising, but the rate of growth for most types seems to have hit the top and has tipped over on the downward slope.
City Of Naples Community Redevelopment Agency (CRA) Announces Approval Of DPZ Codesign Master Plan for the Newly Designated Naples Design District
The Master Plan seeks to leverage existing assets by amplifying infrastructure that currently defines the Naples Design District’s success, such as enhancing the unique alleyway system with the Design Walk, a picturesque and active promenade to complement the art, design, and dining scene already in progress. Also underway are plans to refine the District’s infrastructure and to improve connectivity to destinations beyond the Naples Design District.
CRE Investment Performance Has Been Sizzling
If you’ve been invested in commercial real estate, you’ve had a superb trailing four quarters—on average. But that depends on what properties your money sat. As for the future, that’s looking uncertain.
The Impact Of Interest And Inflation On Industrial Real Estate
The entire real estate class could benefit from this period of economic volatility and continue to outperform the broader equity markets.
Buyer Demand Remains High for Corporate Sale-Leaseback Deals
The corporate sale-leaseback market is coming off a record-high first quarter for deal-making. Despite repricing occurring in the wake of rising debt costs, industry insiders remain optimistic of continued strong momentum ahead in the remainder of the year.