The Future of Healthy Buildings and Features After COVID?
February 9, 2022
Legacy Tower at Miami Worldcenter has some novel features that may become more popular as the demand for ‘healthy’ buildings grows Legacy Tower at Miami Worldcenter, a 55-story building with 310 residences, 219 hotel rooms, and 10 floors of medical facilities, broke ground in summer 2021. In doing so, it became the first new construction
Which Big Industries are Driving Florida’s GDP Growth?
February 2, 2022
The state’s economy relies heavily on six industries to keep it thriving With a GDP of nearly $1.1 trillion in 2020, Florida had the fourth-largest state economy in the United States, trailing only California, Texas, and New York. It also had the 15th-largest economy globally, putting it ahead of wealthy countries like Switzerland, Sweden, The
How to See Through the CRE Headline Risk to Find Real Value
January 26, 2022
CRE investors should understand “headline risk” — and avoid falling prey to ‘headline panic’ Key takeaways: Headline risk is when media coverage creates negative effects on businesses or industries. During the pandemic, headlines speculated on the demise of some commercial real estate sectors, such as office space and brick-and-mortar retail. The pandemic has certainly changed
Is Fort Lauderdale Ready to Step Out of Miami’s Shadow?
January 19, 2022
The city is already growing fast and primed for significant expansion over the next decade. Miami has long been South Florida's focal point, as it receives most of the media attention and is where many big corporations and startups alike look for office space in the area. In contrast, Fort Lauderdale has long been stereotyped
Why and When Commercial Real Estate Can Be a Good Hedge Against Inflation
January 12, 2022
As inflation increases, many investors look to income-generating CRE to serve as a barrier against devalued dollars In December 2021, headlines announced a 7% inflation rate, marking the highest US price growth since 1982. Many analysts expect inflation to continue rising in 2022, and these increases, coupled with supply-chain disruptions and COVID variants, threaten to
Evaluating the Safety of Older Buildings After the Surfside Condo Collapse
January 5, 2022
Properties are under additional scrutiny for potential safety issues, and many buyers were hesitant in the tragedy’s aftermath The sudden collapse of a beachfront condominium in the oceanfront town of Surfside, Florida, last June claimed 98 lives and brought immense pain to the community. It also made many residents and potential buyers of older condos
A Look at the Viability of 3D-Printed Commercial Buildings
December 29, 2021
The future of construction could be arriving in South Florida sooner than you think. Although it still sounds futuristic to many people, 3D printing is rapidly becoming mainstream as the devices and materials become more affordable. You can now pick up an at-home 3D printer for about $200, grab some thermoplastic for $40 a pound,
Inventory Data Reveals That South Florida City Living Remains Popular
December 15, 2021
Recent inventory statistics suggest far more demand for urban apartments and condos in the region than in early 2020. Even before the pandemic, many Millennials were leaving the cities for suburban areas where they could purchase single-family homes to raise their families. Having a private outdoor space and the lower suburban vs. urban real estate
Examining Taco Bell Defy and Its Implications For the Fast Food Industry
November 17, 2021
“Taco Bell Defy” could change the way fast-food restaurants are built and how quickly customers receive their food. Naturally, the fast-food industry relies on getting menu items into customers' hands quickly, and a new concept from Taco Bell aims to speed the process even further. Taco Bell Defy should open its first restaurant in Brooklyn
The Climate-Related Risks and Overall Rewards of CRE in South Florida
November 10, 2021
South Florida isn't all sunshine and warm weather, as the climate brings both potential risks and rewards to CRE investors. There's a lot to like about CRE investment in South Florida, including warm weather, an attractive lifestyle, low taxes, and strong economic and population growth. In particular, the area is currently doing an excellent job
Preparing CRE Properties and Minimizing Losses During Hurricane Season
November 3, 2021
Hurricanes are unavoidable in South Florida, but you can take some steps to protect yourself and your properties if a big storm hits. In 2017, Hurricane Irma plowed through South Florida, knocking out electricity to over 75% of customers in the area. Many buildings didn't have their power restored for about a week, while it