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.
Some commercial real estate assets classes are more affected by inflation than others. CrowdStreet ranked 10 asset classes from strongest to weakest according to their ability to serve as inflation hedges. CLICK ON THE HEADLINE FOR MORE
Expert Advice For All Your Commercial And Industrial Property Needs In South Florida