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CURRENT NEWS AND INFORMATION
Graymeiren Holdings, LLC, a diversified private investment company, is set to have another profitable year after acquiring ten commercial and residential properties in 2011. That’s
After a sharp growth for about two years, the commercial property market in the country witnessed a slowdown in the last quarter of 2011, as sentiments were hit by tight liquidity and uncertain demand conditions, says a survey.
EXPANSION ADDS JOBS: Samsung at Doral Costa Office Park, 9850 NW 41st St., has extended and expanded its lease from 10,400 square feet to 11,600. The multinational conglomerate will expand staff at the location from about 60 people to around 80, said Mort Fetterolf, senior commercial associate of Colliers International South Florida, who represented Samsung in the transaction.
When investing in Miami commercial real estate, the most important factor to consider is the profitability of the property. If you are planning to finance an investment, it is natural to expect something in return.
GLAZED OFFICE buildings are on trial in Toronto because of the danger they represent to birds, which have been killed in their thousands as they try to fly to sky, trees or other buildings reflected in mirror-like glass facades.
Little Horn State Bank is about to get smaller, in terms of locations, not assets. Instead of running two branches, one in Lockwood off Johnson Lane and the main office at 2209 Central Ave., the bank is consolidating.
So-called non-traded REITs (NTRs) represent a rapidly growing income producing niche among “alternative” investments. In its nascent history, the NTR industry has raised some $80 billion, largely from individual investors. This compares with $430 billion for the entire REIT industry, traded and non-traded.
Commercial-property values in the U.S. probably will climb about 6 percent in the next six months, based on recent trading in real estate investment trusts and fixed-income yields, Green Street Advisors Inc. said.
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