Doral's Office Market Seeing
'Unprecedented Rental Rate Growth'
Easily accessed by three major highways, the City of Doral has long been an ideal site for offices. In fact, the city says that 150,000 people per day come in just to work.
A residential boom over the past few years — the population rose by 26.1% from 2010 to 2016 — has also boosted the office sector. CREC Senior Vice President Doug Okun, who supervises leasing at Lennar Corporate Center, said there is a…
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Newmark's IPO Underwhelms, Analysts Attribute Struggles To Poor Timing And Pricing Concerns
It's a month following the long-awaited initial public offering of Newmark Group Inc., and the company's stock has fallen short of expectations. Concerns regarding poor IPO timing and pricing confusion has kept investors at bay, the Wall Street Journal reports.
Newmark, a commercial real estate services firm that includes brokerage Newmark Knight Frank, went public in early December with plans to sell 30 million shares at a price tag of $19 to $22/share. But when investor reactions came in lukewarm, parent company BGC…
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542-Unit Palm Beach Gardens Complex Sells For $97M
BRT Apartments Corp., a publicly traded REIT based in Great Neck, New York, announced that it has a contract to sell a Palm Beach Gardens multifamily property for $97.3M.
The Fountains Apartments includes 542 units. The sale is expected to…
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Fort Lauderdale's Jan. 16 Mayoral Election To Determine Who Will Tackle City's Real Estate Future
Citizens of Fort Lauderdale could elect a new mayor Jan. 16, and the incoming official will have plenty of challenges to contend with: a real estate boom, transit woes and crumbling sewage pipes.
The city's population has grown by 10%…
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Piedmont Office REIT Sells 13-Building Portfolio To Bridge
Atlanta-based Piedmont Office Realty Trust has sold off a baker's dozen of its office buildings, including one in Atlanta, to a Salt Lake City investment firm.
An Atlanta subsidy of Bridge Investment Group purchased 13 office buildings scattered across the…
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End-Of-Year Boost In Hotel Stock Index Sparks Investor Optimism For 2018
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The Beginner's Guide To CRE Tech: 6 Tasks Every Broker Should Automate In 2018
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