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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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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Self-Contained Amenities and Neighborhood Key in The Conrad Brickell Hotel Sale

Though the pace of commercial real estate transactions in South Florida has slowed down a bit, Miami continues to rack up big sales with the recent purchase of The Conrad Brickell Hotel for $72 million by Mast Capital and Angelo, Gordon and Company.  The 203-room hotel will be managed by HEI Hotels & Resorts, it’s first […]

Brickell/Downtown Miami, Commercial Real Estate, Investment Real Estate, Neighborhood News, Selling
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Collaboration Is Key In Commercial Real Estate

I just completed another successful lease transaction with Andrew Trench and Ryan Holtzman of Cushman and Wakefield.  It is the second office lease we have done together and they are wonderful to work with.  In addition to being the consummate professionals you would expect when dealing with Cushman, they are extremely responsive and readily available.    […]

Brickell/Downtown Miami, Commercial Real Estate
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What Do The Election Results Mean For Real Estate?

  The long election  is finally over and the question I am getting asked a lot is, “What does it all mean for the real estate market?”  A recent video put out by the National Association of Realtors sums up the election as follows: In Congress, not much has changed.  Republicans controlled the House and the Senate […]

Buying, Selling
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Top 3 Retail ‘Buy’ Markets Are In South Florida

Ten-X’s U.S. Retail Market Outlook listed the top five markets for investors to consider buying retail real estate.  Three out of those five were Miami, Fort Lauderdale, and West Palm Beach.  Robust employment and increasing population in all three cities are pushing the demand for retail space in all of their respective counties.

Commercial Real Estate, Investment Real Estate, Restaurants
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Miami Office Space In Top Demand

Bisnow’s list of the 10 cities with the highest office vacancy rates does not include Miami, which is one of the most in-demand office markets in the country.  With the exception of some office space at Brickell City Center, there isn’t any new construction of office space due to the high cost of land and […]

Commercial Real Estate
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Florida Home Prices Projected to Increase 9.3% in 2016

CoreLogic, is projecting overall U.S. housing prices to rise 5.2% next year.  Florida is projected to increase by 9.3%, which is the second highest increase in the nation, just behind California at 10.8%.

Buying
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Inventory In Many South Florida Markets Still Tight

Some newspaper headlines and news stations have been asking if Miami is getting ready to experience another housing downturn, due largely to the rapid increase in prices and the return of building cranes to the Miami skyline.  While there has been an increase in inventory in the Brickell corridor, there are still many areas in […]

Buying, Coral Gables
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Flood Insurance Rates Heading Up – Time To Call Your Insurance Provider

Remember all of the outcry in late 2013 &  early 2014 about flood rates increasing due to changes approved in the federal 2012 Biggert-Waters Flood Insurance Reform Act?  Well, once it was amended with the “Homeowner Flood Insurance Affordability Act,” people in coastal zones and flood prone areas seem to have forgotten about how flood insurance can affect […]

Buying, Commercial Real Estate
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