According to its recently released 2023 Commercial Property Outlook, Green Street has revised upward its net operating income forecast for cold storage, mall, and industrial while cutting its single-family rental estimates, Sectors with significant construction have solid demand according to the report. CLICK ON THE HEADLINE FOR MORE
The Trepp 2022 CRE sentiment survey received several hundred replies with half of respondents in commercial real estate, and others coming “from banks, capital markets/structured finance, and academia. And it wasn’t a pile of doom and gloom. CLICK ON THE HEADLINE FOR MORE
Despite the changing economic pressures, 2022 CRE assessments in Florida will receive a significant increase on this year’s TRIM notices in response to 2021’s sales. County appraisers value property based on the economics leading up to Jan. 1, not after. CLICK ON THE HEADLINE FOR MORE
Representing the sellers in a combined $16 million transaction, industry veterans Judith (Judy) A. Dolan, Sr. VP with Levy Realty Advisors, LLC, and Stephen Hyatt, Sr. VP with Berger Commercial Realty, joined forces to sell two adjoining properties in Fort Lauderdale—an off-market, 14-unit, ±9,868-square-foot apartment building with 4 boat slips and a 10-unit cooperative situated on a ±16,500-square-foot lot with 2 boat slips CLICK ON THE HEADLINE FOR MORE
Fort Lauderdale has already earmarked $100,000 in next year’s budget to pay a consultant to move forward with plans for creating a special tax assessment.
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