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.

read more

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.

read more

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.

read more

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.

read more

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.

read more

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.” 

read more

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. 

read more

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.

read more

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.

read more

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.

read more

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.

read more
Southwest Florida’s Labor Force Keeps Growing — But Not Enough To Meet Demand

Southwest Florida’s Labor Force Keeps Growing — But Not Enough To Meet Demand

“I think the main hurdle we have in SW Florida from a jobs perspective is that we don’t seem to have enough skilled labor for the jobs we want,” said Tiffany Luongo, Senior Advisor with SVN | Commercial Partners.  “Our area has historically been saturated with hospitality and tourism industry jobs  – moving away from that, into a more educated and skilled-labor workforce takes time.” 

read more
5 Simple Questions To Think About In A Stong Market

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.

read more
Grover Corlew Acquires Downtown Boca Office Building

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.

read more