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5 factors for lenders to consider when taking over mixed-use Latin America hotel projects

Real Estate NewsBy GH.Writer May 17, 2016

Mixed-use hotel projects involve, by definition, a complex interplay of real estate assets, development plans, multiple and diverse operating businesses, stakeholders with diverging interests, and often, residential owners or purchasers. Such projects are often located in environmentally sensitive areas and are almost always characterized by complicated governmental entitlement concessions. Distressed mixed-use hotel projects can quickly…

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Retail center could be redeveloped into apartments

Real Estate NewsBy GH.Writer May 16, 2016

The Camino Square shopping center in Boca Raton could be redeveloped into an apartment complex, with a new grocery store to be built later. The city received the development application on April 7 from Kimco Corp., a New Hyde Park, New York-based real estate firm (NYSE: KIM) that owns the 9.1-acre site at 171 West…

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Condo boat slip project on Miami River redesigned with more living quarters

Real Estate NewsBy GH.Writer May 16, 2016

Plans for the Sea Vault boat slip condo project along the Miami River have been revamped with more slips and living quarters for yacht owners and crew. The Miami River Commission’s Urban Infill & Greenways Subcommittee will meet on May 19 to consider the new plans for the 9.4-acre site at 1583 N.W. 24th Ave.…

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Breakfast with the Business Journal at the Research Park at FAU

Real Estate NewsBy GH.Writer May 13, 2016

About 150 people attended the Breakfast with the Business Journal on May 12 hosted by the Research Park at Florida Atlantic University in Boca Raton. The event kicked off with a networking hour, then an overview of the Research Park and its contributions to the South Florida tech scene by Research Park at FAU President…

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RelatedISG acquires Wynwood-based brokerage

Real Estate NewsBy GH.Writer May 13, 2016

RelatedISG president Alex Vidal and the Wise Realtors team RelatedISG International Realty acquired Wise Realtors, a Wynwood-based brokerage, as it continues to expand in South Florida. Wise Realtors, founded by Julio Ospina and Jorge Llano, will bring its 19-person team to RelatedISG, a joint venture between the Related Group and ISGWorld. The Wynwood firm, which…

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2 dozen bank branches sold in Florida, including 3 in South Florida

Real Estate NewsBy GH.Writer May 13, 2016

Three bank branch buildings in Broward County changed hands as part of a national portfolio sale between Gramercy Property Trust and Pontus Capital. The three transactions in Broward County between First States Investors 6000D, an affiliate of New York-based Gramercy Property Trust (NYSE: GPT), and Pontus Vault Portfolio, an affiliate of Pontus Capital in La…

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Retail building in Miami’s Coconut Grove sold

Real Estate NewsBy GH.Writer May 13, 2016

A Chicago-based real estate firm acquired a retail building in the heart of Miami’s Coconut Grove for $23 million. RKF Managing Director Benjamin Mandell said he represented L3 Capital in the acquisition of the 28,731-square-foot retail building at 3034 Grand Ave. from Grove Corner LLC, managed by Peter Gardner. The deal equates to $801 per…

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South Florida’s industrial markets continue tightening in Q1: Avison Young

south florida commercial real estateBy GH.Writer May 13, 2016

Broward County While industrial real estate might not share the glamour of high-rise offices and condos, warehouses and distribution centers play a huge part in the expansion of a region’s economy. In South Florida’s three counties, the industrial real estate market continues to tighten as vacancies drop across the board and rental rates gradually climb,…

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The List: Executive Office Suite Centers

Real Estate NewsBy GH.Writer May 13, 2016

A Pembroke Pines office center ranked first on the South Florida Business Journal’s list of executive office suite centers. The office center earned the top spot based on its 96,996 total rentable square footage. To see who else topped the list, click through the photo gallery included with this post. The complete executive office suite…

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Future Office: The Adventures of Hannah and Skip
This post originally appeared on Marketplace Advertiser, Apto Blog and is republished with permission. Find out how to syndicate your content with theBrokerList. Never believe anyone peddling either nostalgia or a certainty about the future. Fiction is the way to go. You get to explore the realm of possibilities and entertain new ideas while still…
May 11, 2017
Top 3 Things to Look for When Renewing Your Lease!
{$excerpt:n}This post originally appeared on tBL member Lynn Drake’s blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. People tend not to take renewals all that seriously. They see it as simple, thinking they can just call the landlord and get their…
May 11, 2017
3 Ways the Cloud is Changing the Way We Work
{$excerpt:n}This post originally appeared on tBL member ClientLooks’s blog ClientLook and is republished with permission. Find out how to syndicate your content with theBrokerList. 3 Ways the Cloud is Changing the Way We Work The introduction of cloud technology revolutionized the way we used the Internet. Suddenly, all of our important information was backed up and…
May 11, 2017
Amid a Sea of Store Closures, Home-Improvement Retail Thrives
{$excerpt:n}This post originally appeared on Marketplace Partner, VTS Blog and is republished with permission. Find out how to syndicate your content with theBrokerList. The home-improvement sector of commercial real estate tends to fluctuate. It is very reliant on the stability of the housing market, which has been a bit shaky for sometime. It can also be…
May 11, 2017
What Does It Take For New Restaurant Owners to Succeed?
{$excerpt:n}This post originally appeared on tBL member Mark Chase’s blog Restaurant Real Estate Advisors Blog and is republished with permission. Find out how to syndicate your content with theBrokerList. As Concordia St. Paul has noted, the commonly held notion that “90% of restaurants fail in the first year” might be a bit exaggerated; the…
May 11, 2017
The 3 Classes of Office Buildings: What Do They Really Mean?
{$excerpt:n}This post originally appeared on Marketplace Partner, VTS Blog and is republished with permission. Find out how to syndicate your content with theBrokerList. When it comes to office space, it’s pretty clear that the glamorous downtown tower with imported Italian marble in the lobby and concierge/valet services is classified as “Class A” in the world of…
May 11, 2017
Why Most Commercial Real Estate Brokers Won’t Ever Become Wealthy
{$excerpt:n}This post originally appeared on tBL Marketplace Partner member The Massimo Group’s Blog The Massimo Group Blog and is republished with permission. Find out how to syndicate your content with theBrokerList. The most common response I hear when I ask why someone decided to pursue a career in commercial real estate, is ‘the money’ –…
May 11, 2017
Grow Commissions Without Prospecting Yourself, Sales Development Representative (SDRs)
{$excerpt:n} Hiring a Sales Development Representative (SDR) The commercial real estate industry is quite competitive especially if you cover a part of town that’s highly urbanized. You have office buildings, warehouse buildings, malls, strip centers, lifestyle centers, manufacturing, and community centers. All brokers are in fierce competition to represent tenants, buyers and property owners in…
May 11, 2017