The Small Business Jobs Act that passed Congress last year requires all property owners that rent out properties to file a 1099 for each vendor who does $600 or more in work.  Even if you only rent out a single property, you must collect the following for each vendor: name address Social Security or Federal […]

According to Mark Vitner, an economist for Wells Fargo, Miami is his top choice of a market poised for economic growth.  How can that be?  We have one of the highest unemployment, foreclosure and number of underwater homes in the country.  However, Vitner stated that Miami is currently posting some of the highest taxable sales […]

The Panama Canal is undergoing a massive expansion to allow bigger vessels to pass through.  Since the Port of Miami is  the closest U.S. Port to the Panama Canal, Miami is in a strategic position to benefit from the increase in America/East Asia trade. The Port of Miami is building a tunnel to the Port,  […]

The Panama Canal is undergoing a massive expansion to allow bigger vessels to pass through.  Since the Port of Miami is  the closest U.S. Port to the Panama Canal, Miami is in a strategic position to benefit from the increase in America/East Asia trade. The Port of Miami is building a tunnel to the Port,  […]

It is amazing to me that so many commercial real estate agents like to keep their listings a secret.  Instead of posting their listings on the MLS, or having their own commercial MLS if they want to keep it separate from residential real estate, they post their listings on their own sites.  If they do […]

I received a list of comparables from an agent that was making an offer on one of my commercial listings. The comps resulted in a significantly lower price than what the sellers were looking for and my knowledge of the market told me something was wrong with his research. I went through the table he […]

Not a surprising trend considering the unemployment rate and related decrease in consumer spending.

A recent Costar report found that even during the recession, buildings that have implemented LEED or other sustainable building practices both command a premium in rents and save on costs.