Despite Inflation Woes, Long-Term Outlook For CRE Remains Strong
Investors can also look toward migration patterns: the top three population growth markets over the next two decades will be in Austin, Orlando, and Phoenix, according to Moody’s Analytics.
When Will Investors Finally Balk At High Prices, Low Cap Rates?
A key CRE question is when will the market begin to balk at high selling prices and low cap rates? Is this beginning to happen now? The first signs of this value adjustment will be deals falling through.
Previously Planned Super Travel Center Location Trades For $10,000,000, Now Slated For Multifamily & Industrial Use; One Newly-Acquired Parcel Simultaneously Sells
SVN Commercial Partners (SVNCP) Senior Advisors Bryan J. Myers and Tiffany Luongo collaborated to close the acquisition of the 159 acres located at Interstate 75 and Ortiz in Fort Myers.
Real Estate Investors Eye Student Housing As College Dorms Come Up Short
University and college enrollments keep rising, making off-campus housing an attractive target.
Here Come The Multifamily Headwinds
The question investors and operators must ask is what might be coming.
South Florida Reaches ‘Peak Demand’ For Coworking Spaces
The reason? The “world has changed” since the pandemic, and many businesses want the freedom to react to uncertain events. In exchange, some are giving up long-term leases.”
No Lots? No Problem: Developers Turn Retail Into Rentals
With open land scarce, multifamily builders are pursuing adaptive reuse.
Industrial Property Lease Terms Get Shorter And Shorter
An analysis of 101 metros by Moody’s Analytics shows that from 2017 to 2019, the average lease term for warehouse and distribution space changed around the 36 month mark.
5 Simple Questions To Think About In A Stong Market
The topic, which was presented in the Land & Development Product Council, focused on not only how to deal with buyers and sellers in this strong market, but also what should an advisor be doing to prepare for the next cycle. The basis of being an advisor who focuses on the Relationship not the Transaction is the basis for this set of questions.
SVN | Commercial Partners Multifamily Team Closes Sale Of Lake Worth Beach Apartments With Additional Land To Develop
The SVN | Commercial Partners (SVNCP) Multifamily Team, comprised of Team Leader Steven Paulsen, Senior Advisor John Andrews and Junior Advisor Mason Highman, represented both the buyer and seller in the sale and purchase.
Yes, CRE Can Be An Inflation Hedge, With This Caveat
Commercial real estate has long been regarded as an inflation hedge, but economists from Moody’s Analytics say that adage will be tested this month as the Fed begins the first in a series of expected rate hikes.
Flexible Co-Warehousing Pioneer Expanding Nationwide
The expansion will involve building new warehouses, as well as acquiring properties for conversions.
Freddie Mac Index Suggest It’s Getting Harder To Find Apartment Investments
The fall in the apartment index shows that it may be harder to find multifamily investment opportunities in the current market.
Spec Industrial Project Planned For Palm Beach County
The property is located just west of Interstate 95, not far from the Tenth Avenue exit.
How Retail And Industrial May Adapt In The Coming Years
Partner Insights spoke to Judy Guarino, managing director for commercial mortgage lending at JPMorgan Chase, to learn more about where both sectors stand today.
West Palm Beach To Reshape Industrial Neighborhood Into Nora District
While the Nora district spans 40 acres, NDT Development and Place Projects have rights to 15 acres across 72 individual properties within the neighborhood.
What’s The Opportunity For Office To Industrial Conversions?
Prologis estimates that between 40 and 80 million square feet of office will undergo conversion.
Grover Corlew Acquires Downtown Boca Office Building
Having earned the reputation in Florida and the southeastern U.S. for reimagining infill office properties in prime locations, Grover Corlew plans to invest in the building with upgrades to tenant space, common areas, landscaping and the façade.
SVN Commercial Partners’ Elon Gerberg Negotiates Sale Of Margate Retail Plaza For More Than Twice The Previous Sale Price
The fully-occupied retail plaza features 138 feet of frontage along North State Rd 7 (US Highway 441), benefiting from a daily traffic count of over 52,000 vehicles.
Labor Shortages, Land Availability Will Pressure Industrial In 2022
The continued need for labor to service growing e-commerce demands, combined with an economy at nearly full employment, is exacerbating the labor shortage for distribution workers in many markets. In addition, scarce land availability will also continue to impact the industrial sector.
Why One Expert Believes The Future Of The Office Is All About Connection
Data from property technology company Kastle Systems shows that the average occupancy rate for offices in 10 major U.S. cities still sits at 36.8% of 2019 totals.
Developers Race To Build More Class A Offices On ‘Wall Street Of The South’
In the past five years, 96 financial firms have established offices in Palm Beach County.
Self-Driving Trucking, E-Commerce Industries Compete For Industrial Space
The advent of self-driving trucks is motivating a land grab for transportation hubs near major cities, particularly across the Sunbelt states.
Seven Trends Driving Commercial Real Estate In 2022
For investors getting ready for the months ahead, here are some significant trends I expect to play out.
SVN Commercial Partners Again Sells 560-Acre Tuckers Grade Tract
The deal marks the second major transaction between buyer and seller principals since 2020.
Foreign Investors Rush Back to US Markets
Acquisitions increased 49% last year with Canada leading the way.
Commercial Real Estate Lending Continues To Expand
The largest share of non-agency loan closings in the period was among alternative lenders—debt funds, pension funds, and credit companies. They composed 37.7% of the activity.
Florida’s West Coast Cities Rank Among Top Emerging Real Estate Markets
Economists expect demand to remain strong.
What Investors And Occupiers Are Watching In 2022
The disruption wrought by COVID-19 to global markets will continue to abate this year, according to Cushman & Wakefield economist Kevin Thorpe – and several indicators will be top of mind for occupiers and investors alike as the economy recovers.
The Office Market May Be Turning a Corner
” …33 out of 51 tracked markets registered positive net absorption as market correction is underway.”
In Record South Florida Deal, Equus Pays $240M For Industrial Complexes
The properties include 16 warehouses, spanning 23 acres in total.
Physician-Owned Florida Real Estate Poised To Prosper In 2022
Demand for healthcare real estate is expected to reach new highs in 2022. This trend uniquely positions physicians who own their real estate to capitalize on unprecedented values.
Real Estate, Infrastructure Cross-Investment Could Pick Up Steam In 2022
Last year’s passage of the $1.2 trillion infrastructure bill may also compel more real estate-oriented groups to invest in infrastructure this year, especially as investors continue to look for places to place capital through the turbulence of the Covid-19 pandemic.
Sarasota Housing Market Ranked No. 2 In New Wall Street Journal Report
The local real estate market saw unprecedented growth in 2021, with record home sales and prices.
Are Data Centers The Next Big Move For Office Investors?
Hedging office investments is a necessary move. But are data centers a good approach?
Higher Inflation Means More Competition For CRE Assets
There are three factors driving inflation right now, including a housing shortage.
Supply-Chain Crisis Likely To Persist Well Beyond 2022
It will probably be years before the supply chain crisis ends and industrial real estate supply and demand finds equilibrium.
Mergers, Acquisitions Activity Picks Up In Commercial Real Estate As Firms Look To Diversify Offerings
The flurry of deals announced or closed in 2021 was a contrast to the real estate M&A lull in 2020, the early days of the Covid-19 pandemic.
Multifamily Will Continue to Soar Amid Interest Rate Hikes
Lenders who spoke at CRE Finance Council’s annual Miami conference Tuesday noted that the Federal Reserve’s planned interest-rate hikes this year would only increase the need for rental apartments since it will drive up costs for homeownership.
Two Franchises Of The Highly Recognized National SVN Brand Form Alliance To Provide Collaborative Regional and Local Brokerage, Eyes Expansion In 2022
The alliance allows each office to better leverage their operational synergies and expansive scale. Combined the entities have a primary market area that covers all of south and southwest Florida with a combined 4 offices
Commercial, Industrial Building Planning Highest In Over A Decade
“The signals provided by the Dodge Momentum Index continue to suggest that construction activity will improve in 2022—and, more importantly, that this growth will be more balanced than what was seen in 2021.”
Six Factors Helping To Power Interest In Multifamily Markets
Multifamily-property values have increased 13 percent since before the pandemic and more money is being invested now in apartment buildings than in any other type of commercial real estate.
Commercial Real Estate Could Be Poised For Continued Lending Growth In 2022
After commercial real estate lending volume rebounded from a challenging 2020, the number of deals is poised to soar further this year in a higher interest-rate climate, according to industry experts.
Office-To-Industrial Conversions Expected To Tick Up In 2022
The industrial market grappled with historic vacancies in the third quarter, with the metric hitting 4.6%. Meanwhile, the office market continued to slump, and older, less amenity-rich product suffered most. That divergence is increasingly driving investors and developers to consider industrial redevelopment opportunities for some unproductive office properties.
South Florida Retailers Face New Realities In The Post-COVID-19 World
The National Association of Realtors Commercial Market Conditions Index rankings show that five out of 10 of the hottest commercial markets in the country are in Florida: Fort Myers, Port St. Lucie, Sarasota-Bradenton, West Palm Beach-Boca Raton and Punta Gorda.
5 Commercial Real Estate Predictions For 2022
The outlook for office real estate is looking rocky due to the new COVID-19 variant. But 2022 might still be a record year for commercial real estate investment. Here’s why.
Class A Office Portfolio Sale Marks The Largest Office Transaction On Florida’s Southwest Coast This Year
The portfolio sold for $55.5 million.
What Secondary Asset Classes Will Be Popular With Investors In 2022?
Here are some of the non-mainstream asset classes seeing renewed interest from capital sources, in 2021 and heading into next year.
Tampa Bay Saw Biggest Rent Hikes In US This Year
CoStar Group data shows rents in the metro area increased 24 percent, on average, over the last 12 months, according to the Tampa Bay Times. That’s the most for any city with at least 100,000 apartments.
Why Investors Shouldn’t Fear CRE’s High Prices
The history of the rise and fall in a particular piece of real estate over the last several years is irrelevant,
Miami-Dade Retail Center Trades For $108M
JLL marketed the property on behalf of the seller, a partnership led by Stiles Corporation and Lubert Adler Real Estate Funds.
Melo Buys Miami City Block For $105M To Build Four 60-Story Towers
The Fort Lauderdale-based seller assembled the land over two decades beginning in 1999, paying a combined $8.2 million, according to property records.
A Big Year For CRE Investment In 2022? How About A Record Year?
A record-setting year for investment in commercial real estate in 2022 is expected, thanks to pent-up demand from the COVID-19 pandemic, major fiscal stimulus projects and a rebound of big cities and downtowns.
Looming Tax Break Deadline Is Spurring Last-Minute South Florida Real Estate Deals
Besides the temporary deferral, other advantages include the exclusion of taxable income on new gains on investments held for 10 years or more, and a 10% increase in the investment if the qualified opportunity fund is retained for five years and a 15% increase if the investment is held for seven years.
Grant Cardone Drops $744M For Four Broward Apartment Complexes
The portfolio includes 1,688 apartments, which works out to roughly $441,000 per unit.
2022 Commercial Real Estate Vision
Stepping into 2022 should be a good deal less jarring. And although experts say it will be another good year, there might be changes and surprises.
New Warehouse Leases Boosted By Inflation, Supply Chain Crisis
Prices for industrial property leases are up 25 percent on average compared to five-year lease contracts that expired in 2021.