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South Florida Commercial Real Estate Blog

Boxes moving on a conveyor belt

Commercial Real Estate Solutions for E-Commerce Player...

The Covid-19 crisis has bolstered and expedited the trend of consumers buying anything and everything from groceries, furniture, to pet toys with a click of a button from the phone or computer versus venturing out to the traditional brick and mortar retail establishments. E-commerce is the driver of the Florida commercial industrial real estate market and is continuing to offset the losses from more …

Should Flexible Office Leasing become Miami’s Ne...

Miami, Florida Commercial Real Estate Agent Kevin Albert Krueger /July 1, 2020 Since Spring 2020’s invasion of Covid 19 and Dade-County Government’s quarantine, navigating Miami’s real estate market has challenged many office managers’ long term decision making for operating their otherwise stable businesses.  With this blog our office brokerage seeks to educate and advise Miami office tenants about smart commercial real estate solutions throughout Miami-Dade. …

quarter 1 2020 Industrial Miami Real Estate Market

Post Covid-19 quarantine Miami Industrial Commercial R...

Industrial real estate has been the most corona virus insulated sector across Miami’s commercial real estate market.  Warehouse employees are typically not confined in small places so operations have not been as limited as much as containment as in traditional office workplaces.  There has been a recent shift of industrial product development way from Miami Airport West, Miami’s largest submarket for North Miami Beach …

jungle Island

Jungle Island To Ask Miami To Approve Hotel Developmen...

The owners of Jungle Island want to build a family-friendly hotel at the Watson Island theme park On May 24, park owner ESJ Capital Partners will ask the Miami City Commission to put a referendum on the August ballot that would ask voters to approve the development of a hotel of up to 130 feet tall with up to 300 rooms. would include an …

South Florida commercial real estate broker

WeWork Finds Favor In Debt Market To Tune Of $700M

Despite a lack of cash flow and a middling credit rating, WeWork managed to blow out a bond sale to the tune of $702M. The New York-based co-working operator, which hit a valuation of $20B last year, sold seven-year bonds at par with a nearly 8% interest rate, surpassing an initial deal size expected to be $500M This bond sale came despite investor concerns that WeWork has …

Real Estate Chart

‘Hello Sub-4% Unemployment’ — Economists R...

Non-farm payroll employment increased by 164,000 jobs in April, the U.S. Bureau of Labor Statistics, marking the country’s 91st straight month of employment gains.  The unemployment rate fell to 3.9%, the first time it has gone below 4% since 2000. The unemployment rate had been at 4.1% for six consecutive months.   https://www.bisnow.com/national/news/economy/hello-sub-4-unemployment-economists-react-to-april-jobs-report-on-twitter-88113

Real Estate Group and Block Capital

South Florida’s Land-Constrained Industrial Mark...

Miami’s average industrial asking rents reached an all-time high, $9 per SF, in Q4, according to CBRE, jumping nearly 50% in five years. Smith recently led the team representing NBC Universal/Telemundo Enterprises in securing 550K SF for 20 years for a headquarters, which includes production studio space, that opened this month in western Miami Dade. In Broward County, the market is almost as tight as …

South Florida commercial real estate broker

WeWork Documents Reveal It Owes $18 Billion In Rent An...

The office-leasing startup WeWork plans to raise more funding through a $500 million bond sale, according to the Financial Times. It’s the first time the company is raising money from debt investors after it raised billions in venture capital from backers such as SoftBank. WeWork disclosed startling underlying numbers for its business in its bond-sale documents, such as that it owes $18 billion in …

Real Estate Group and Block Capital

Related Group and Block Capital Break Ground On Micro ...

The five-story project at 51 N.W. 26th Street highlights two trends. A redevelopment wave in Wynwood thanks to new zoning, so more apartments and offices are coming to the district known for its street art and restaurants. Wynwood’s popularity has driven up land prices, so many developers have responded by introducing micro units. The Bradley will have 175 apartments, about 32,000 square feet of …

Real Estate Group and Block Capital

Human ‘Sea Nomads’ Can Dive Up To 13 Minut...

Southeast Asian Bajau ‘sea nomads’ have evolved larger spleens to allow them to dive longer, according to a study published in Cell by Cambridge, Berkeley and Copenhagen researchers The DNA mutation was uncovered in the Bajau people of southeast Asia, according to researchers from the University of California, Berkeley, and the Universities of Cambridge and Copenhagen. Scientists suspect the mutation alters the spleen, a …