Wellington Center Trades To NY Investor 7 Years After Foreclosure
A New York investor has picked up a prime Palm Beach shopping center in one of South Florida's more affluent suburban communities.
The unidentified buyer purchased Shoppes of Wellington Green, a 131k SF, Barnes & Noble-anchored, open-air center at 10500-10590 Forest Hill Blvd in Wellington, just across the street from the 1.2M SF Mall at Wellington, for a little more than $19M.…
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Hoffman Secures Two Tenants Long Term To Flagler Corporate Center
Hoffman Properties has secured two new tenants for its Flagler office project for the long haul.
Florida International University inked a deal for 14k SF on the ground floor of Flagler Corporate Center for administrative and classroom space for its Herbert…
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Logistics Firm Helps Fill Up Doral Warehouse
Continental Freight Forwarding has put a Miami-Airport West warehouse over the edge to fully leased.
The logistics company inked a deal for 55k SF at Beacon Centre Business Park, a 98k SF industrial building at 1850 NW 84 Ave in…
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Valuing Hotels: The Competitive Quotient And The Art Component
While industrial, office and even retail appraisers can access tangible data using lease contracts to determine a property's value, hotel appraising includes a lot more moving parts, and a deeper knowledge of your competition.
“There is an art component in hotel valuation that's very unique,” Colliers International hospitality practice leader Bryan Younge told Bisnow.
To better determine hotel value, Colliers' national hospitality and leisure specialty group developed the “competitive quotient,” a formulaic method the firm uses to determine competitiveness among hotels in the same market.
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4 Reasons Omnichannel Retailers Came Out Ahead This Holiday Season
Omnichannel retailers captured the most sales over Thanksgiving weekend, and that trend didn't change over the course of the entire holiday season — to put it simply, omnichannel retailers won big, according to new research from the International Council of Shopping Centers.
Consumers spent an average of $711 on gifts this holiday season, up 16% from 2015, and nearly 70% of holiday sales occurred in stores with both an online and physical presence. From successfully integrating technology to boosting foot traffic, we dug up the four main reasons omnichannel retailers dominated last year.
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