Your search results

Category Archives: Uncategorized

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 …

‘Hello Sub-4% Unemployment’ — Economists React To April Jobs Report On Twitter

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

Human ‘Sea Nomads’ Can Dive Up To 13 Minutes

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 …

Specialist Vegan Supermarket With Cafe Opens In Florida

An all-vegan supermarket selling national, international, and organic foods is now open in Fort Lauderdale, Florida. First store location: 330 SW 2nd Street in downtown Ft Lauderdale, Florida   Vegan Fine Foods – was created by Florida Atlantic University professor Dr. Steven Smith Life-long vegan “After a few weeks on a healthy plant-based diet I felt great and had so much more energy.” said Dr. Smith Time-consuming …

From Vertical Industrial To Smart Parcels: These 10 Innovations Could Radically Alter Urban Logistics

Here are 10 innovations in the urban logistics space that speakers at Bisnow London’s Industrial and E-Commerce event predicted as having a huge impact on the sector. Vertical Buildings Driverless Cars Currently warehouse locations are to a big extent determined by how big an area can be reached by a truck driver in a single shift. If trucks do not need drivers any more, …

Loophole to the New Treasury Rules for Cash Purchases?

There have been concerns about how the Treasury department’s new anti-money laundering rules will affect cash real estate deals in Miami and NYC. The new procedures will require the buyers who make cash deals over $3MM to be disclosed. This is concerning because many buyers in these markets, especially at this level of real estate, prefer to stay anonymous and make purchases through LLCs. …

New Rule for Cash Real Estate Deals

Many buyers of high priced real estate prefer to stay anonymous in their transactions. This has become especially common practice from foreign investors. However, a new order will require those who invest $1 million or more in cash for Miami real estate to make themselves known on record. The order is meant to avoid money laundering and stop illicit money from entering the market …

Commercial Real Estate is BIG Business

Commercial Real Estate is BIG business in the U.S., but how big is BIG? It can be put into perspective by looking at the many players involved in a commercial real estate deal. Investors – Commercial Real Estate accounts for approximately $15 trillion in tangible investments in the U.S. This figure does not include residential real estate. Lending Institutions & Mortgage brokers- According to …

What Does an Interest Rate Increase Mean for Commercial Real Estate?

There has been talk for years that interest rates may increase now that the US economy is healthier. However, it looks like the hike on short term rates could very well happen when the Federal Open Market committee meets tomorrow, December 16. The benchmark interest rate has been kept between zero and one-quarter percent since 2008. The low rate was meant to encourage both …

Art Basel is about more than Art

This past week was Miami’s Art Basel. It is not only the world’s largest contemporary art show; it is a pinnacle of Miami culture. It’s one of the events that have positioned Miami an international, cosmopolitan city. Now in it’s 14th year, the event’s influence goes beyond designers and art collectors. It has grown to have influence on the real estate market as well. …

The Miami Real Estate Market Doesn’t Follow All the Rules

  The US real estate market typically follows a seven year cycle of growth and decline. When the market begins to recover, prices are at the lowest and expansion begins. This eventually causes a peak in supply, and the market begins to recede when demand lessens. The Miami market still experiences these steps, but there are more contributing factors compared to most other US markets. …

Miami’s Residential Market is Strong

Office prices aren’t the only real estate costs increasing in South Florida – the residential market is also seeing growth and rising prices. The average price per square foot has increased 9% YOY, up to $177 for single family homes. The median sale price is up 13.1% compared to last year. When it comes to residential rentals, increases are up 10-11% depending on the …