The slow recovery of Florida’s economy is giving a modest boost to the commercial real estate market, but we have a long way to go before landlords of office and industrial space hold the upper hand in lease negotiations.
The slow recovery of Florida’s economy is giving a modest boost to the commercial real estate market, but we have a long way to go before landlords of office and industrial space hold the upper hand in lease negotiations....More
Office buildings in top U.S. markets are getting so expensive that landlords are choosing to build rather than buy, spurring the most development by real estate investment trusts in at least a decade. Crumbs Bake Shop Inc. notified employees Monday that it would be closing all of its stores at the end of the business day. The Empire State Building’s managers asked a judge to dismiss a lawsuit over claims they deprived thousands of early investors of as much as $410 million in profit when they took the New York skyscraper public. These are among the 10 must reads from around the commercial real estate sector....More
U.S. CMBS defaults dropped for the fourth straight year, according to a new report from Fitch Ratings. The Miami Herald profiles the family behind Turnberry Associates, the firm that owns the Aventura Mall and Fontainebleau Miami. Struggles at Family Dollar and other chains have analysts wondering whether dollar stores can only thrive in down economies. DSW is launching a new format called Yellow Box. These are all among today’s 10 must reads from around the commercial real estate industry....More
LEED certification may be most commonly associated with new construction, but the prestigious designation—which provides verification that a building has a reduced environmental impact—isn’t reserved just for shiny, brand-new buildings....More
What a difference a few years make. As recently as 2012, one of the things that kept commercial real estate professionals up at night was the huge volume of CMBS maturities that were coming up starting in 2015....More
Related Group acquired Rivergate Plaza and Rivergate West in Miami, FL for $104 million, or about $344 per square foot, from CWCapital Asset Management LLC, a subsidiary of CW Financial Services LLC, as special servicer....More
HFF announced that it has closed the sale and arranged acquisition financing for West Sunset Square, an 82,789-sq.-ft. retail center in the Miami submarket of West Kendall.
HFF marketed the property on behalf of the owner. HFF’s debt placement team also arranged the acquisition financing on behalf of the buyer, an affiliate of Rialto Capital Management....More