The Surfside condo collapse has raised questions about whether older buildings have undergone the repairs they need — and, if not, who will pay for them. Those questions apply outside South Florida, too. Environmental threats have led to building code changes across the United States in recent decades. CLICK ON THE HEADLINE FOR MORE
The Green Street Commercial Property Price Index jumped by 4.4% last month. Prices of every asset type included in the index increased. In some cases, like self-storage, industrial, and manufactured home parks, prices are hitting new highs—and are now 15-25% higher than pre-COVID marks. CLICK ON THE HEADLINE FOR MORE
According to a survey which polled over 500 CRE stakeholders across the U.S. in April and May, just 47 percent respondents ranked primary markets as one of their top choices, closely followed by suburban areas of primary markets at 46 percent and secondary markets at 37 percent. CLICK ON THE HEADLINE FOR MORE
A lot of capital is coming into commercial real estate space. Some groups on the equity side may be arriving in anticipation of inflation and see real estate investment as a way to buffer their portfolios. CLCIK ON THE HEADLINE FOR MORE
The proposed change to IRS Section 1031 is part of President Biden’s $1.8 trillion American Families Plan. But some experts believe losing like-kind exchanges could be more harmful than helpful. Fewer real estate deals would be a tremendous blow to state and local governments that are already on weak financial footing due to the pandemic. CLICK ON THE HEADLINE FOR MORE
Expert Advice For All Your Commercial And Industrial Property Needs In South Florida