Some CRE purchasers are re-trading purchase prices due to rising interest rates, and some lenders are backing out of financing those deals. This will drive property prices down if it continues.
wsj.com/real-estate/commerci… via @WSJ
I'm very happy to have completed a lease renewal and expansion to 15,000 SF for the world HQ of Atlas Ocean Voyages in Downtown Fort Lauderdale. Be sure to check their amazing cruises! cre-sources.com/?p=37380
Ken Griffin donates $3 billion to bring Carnegie Mellon University to Miami. He's doing more than developing real estate. He's improving the area for the long term. costar.com/article/183489280…
I'm looking forward to attending the SIOR Global Fall conference in NYC next month. As always, I will be spending time with colleagues who have become close friends, sharpening the skills that I use daily as a CRE broker, and making new contacts. #SIOR
Hurricane impact construction can make life easier for office tenants in the event of a serious storm. It's one of many critical factors to consider when choosing a location. bizjournals.com/southflorida… via @SFBJNews
Miami leads the pack in return-to-office stats . Miami is just -11.5% (behind the same time period in 2019, pre-Covid). The national average is -31.2%. Sunbelt markets + NYC outperformed most markets. bizjournals.com/southflorida…
Spirit Airlines bankruptcy auction of their 615,595 sf HQ campus finds stalking-horse bidder for $88 million. Boston-based investment firm makes the offer. Auction to be held 8/11/26.
bizjournals.com/southflorida…
The Fed held rates steady today, but with dissenting votes wanting to increase. Commercial real estate owners should watch this carefully - stubborn inflation could lead to a rate increase, driving up mortgage and cap rates.
wsj.com/economy/central-bank… via @WSJ
Ken Griffin/Citadel buy and agree to relo historic cottage in Brickell, to clear way for massive office development. He's very committed to Miami, and we can thank Chicago and NYC.
costar.com/article/176849768…
Medical office buildings are attracting tenants - and investors - at an increasing rate as demand outpaces supply. This is no surprise, given the medical needs of an aging Baby Boomer population.
costar.com/article/203677998…
Google founders, Page and SergeyBrin, purchase homes in S. FL, then Google reportedly expands their Miami office space from 10k to 45k sf. Similar to what Palantir (sf leased TBD) and Citadel did. Is FL benefiting from those fleeing wealth taxation?
bisnow.com/south-florida/new…
therealdeal.com/miami/2026/0…
S. Fla. is now more expensive than NYC. Housing, insurance, dining, and other costs have skyrocketed as the wealthy move in and middle and lower classes move out. Businesses will suffer from employee loss if they don't significantly raise salaries.
Spirit Airlines' South Florida HQ Scheduled For July Auction- includes 180k sf new office bldg, housing, training areas. Broward County may be bidding. bisnow.com/south-florida/new…
Fidelity requires 5-days/week in-office. A "pick six" for the office market as Fidelity's plans to downsize turn to expansion.
costar.com/article/151461511…
Industrial demand will exceed supply by early 2027, per Costar. The window is closing for industrial tenants to strike good deals. Renew early to take advantage of market conditions.
costar.com/article/900939979…
The cost of living in Florida is driving out working class and middle class residents, as wealthy residents of other states continue to move in.
wsj.com/economy/floridas-pop…
To be sure, not all office buildings are being sold at a loss. But some are. This will allow owner/occupiers better optionsto buy an office building instead of leasing. There are opportunities out there!
wsj.com/real-estate/commerci…
Maine is poised to freeze large data-center construction, fearing overuse of electricity. Why not focus on clean, renewable power sources instead? wsj.com/us-news/maine-data-c… via @WSJ
Broward Health may take 12 properties by eminent domain for expansion. Eminent domain allows government agencies to acquire property under certain circumstances, but they still have to pay the owners a fair price. This one seems fairly complicated.
sun-sentinel.com/2026/04/02/…
Billionaires are moving to South Florida, and bringing their offices with them. Other firms are following. bisnow.com/south-florida/new…

