Commercial Real Estate Challenges Of Medical Marijuana

Today, Canada becomes the first G7 Country to fully legalize marijuana.  Canada had already legalized medical marijuana in 2001 and the law to legalize recreational marijuana, which was passed in June of this year, goes into effect today. Although Florida and several other states have legalized medicinal use of marijuana, and nine states plus Washington […]

Commercial Real Estate, Investment Real Estate
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Miami’s Vegan Restaurant Scene Has Exploded!

  As predicted by Baum+Whiteman, experts at creating destination-dining attractions, 2018 has been the year for plant-based dining and Miami is no exception.  Ranked number nine on PETA’s 2018 Top Ten Vegan Cities, Miami has a diversity of vegan restaurants. In addition to the more informal dining options such as Choices, Eden and Eden, and […]

Commercial Real Estate, Investment Real Estate, Neighborhood News, Restaurants
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What Happening in Miami-Dade Multi-Family Market? Sales Rise In Second Quarter

  As reported in Vizzda’s Quarterly Report For South Florida Commercial Real Estate, the total dollar amount of multi-family sales in Miami-Dade County rose to $232,943,000 in the second quarter of 2018, up from $196,115,503 in the first quarter.  This is approximately half of the $462,372,302 worth of sales in the second quarter of 2017. […]

Buying, Commercial Real Estate, Investment Real Estate, Selling
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Is South Florida Real Estate Still Affordable?

Affordability has become a real estate hot topic over the last several years and is going to continue to be one for at least the next 5 years.  As both millennials and baby boomers age, their demand on residential and commercial real estate are driving up prices at a time when incomes are close to […]

Buying, Commercial Real Estate, Investment Real Estate
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Florida Is The Top Destination For Foreign Buyers

In  a sign of Florida’s continued attraction as a place to visit, live, work and invest, the National and Miami Association of Realtors 2017 Profile of International Activity states that foreign buyers purchased $153 billion of residential properties last year, approximately $50 billion more than in 2016.  Though purchases were made throughout the U.S., Florida, […]

Buying, Commercial Real Estate, Investment Real Estate, Selling
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If You Love Downtown Coconut Grove, Thank the Commercial Property Owners

  Coconut Grove has been experiencing yet another revitalization.  It has been through at least three cycles of boom to gloom since I moved here in the early 1990’s but, thanks to the commercial property owners, who formed the Coconut Grove Business Improvement District and agreed to tax themselves, this boom feels different.  Why?  Because […]

Coconut Grove, Commercial Real Estate, Florida Life, Investment Real Estate, Luxury Real Estate, Neighborhood News, Selling, Things To Do
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Don’t Hold A Funeral For Retail Just Yet

It seems like you couldn’t open a newspaper or business journal in 2017 without the headlines screaming, “Retail Is Dead“.  There are lists of store closures for 2018 and many large retailers are on those lists.  Toys R Us, Macy’s and The Gap are just a few that are closing stores and more companies will probably be added as […]

Commercial Real Estate, Investment Real Estate
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5 Reasons To Visit The Miami Design District

If you haven’t been to the Miami Design District lately and still need a 2018 New Year’s resolution, here is an easy one.  Go visit the Miami Design District.  It is so Miami!  In case you need more reasons than that, here are 5: Interesting architecture – Okay, between Miami Beach’s art deco district and an […]

Commercial Real Estate, Florida Life, Investment Real Estate, Luxury Real Estate, Miami Design District, Neighborhood News, Things To Do
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Signing New Commercial Leases in 2018? Remember To Drop The Sales Tax To 5.8%

If you are a landlord signing new leases in 2018, remember that the state sales tax on commercial leases has dropped from 6% to 5.8%.  As a result, the sales tax rate in Miami-Dade County will drop to 6.8% and in Broward it will drop to 5.8%.  Although the drop in rate may not sound […]

Commercial Real Estate, Investment Real Estate
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