On a summer evening in 2022, a group of professionals planted seeds in a Dallas commercial real estate garden. Two years later, flowers are beginning to bloom. In August 2022, the DFW chapter of the Organization of African American Real Estate Professionals held a kickoff event at the Onyx Legacy Group headquarters. “We had over 60 people of color attend our first event,” said AAREP DFW Vice President Kameshia Freeman. “So we knew there was a desire and a need for this organization.” Since then, it's been full steam ahead. The organization will begin accepting members in March 2023 and…
Author: Private Lending Agent
Commercial real estate thrives despite challenges, telling a story of resilience and adaptabilityForecasts for commercial real estate for the second half of the year remain broadly positive, with multifamily, retail and industrial properties continuing to perform well.But potential roadblocks loom: High interest rates are expected to persist and office vacancy rates continue to rise, according to a May 6 report from JPMorgan Chase.”On the revenue side, factors such as rents and vacancy rates are likely to remain flat to stable for most property types, with the exception of office,” said Victor Calanog, global head of research and strategy for Manulife…
Cost, sales comparison, and yield are the three main approaches to valuing commercial real estate. Learn more about these methods and other useful tools for valuing commercial real estate. 1. Cost approach The cost approach is a type of commercial property valuation method that separates the cost of a building from the land it sits on. The process involves using the sales prices of similar properties to determine the value of the land, and then adding in the replacement cost of the building, taking into account the building's age, size, condition, and other features that may affect value. Investors may…
This is an audio transcript of the Unhedged podcast episode: ‘Where’s the commercial property meltdown?’[MUSIC PLAYING]Katie MartinThis time last year, all the cool kids were worrying about a commercial real estate crash. We just had a US banking crisis no less, and massively higher interest rates. And so the big concern was that it was all gonna fall apart and end in tears. Well, we are still waiting. Today on the show, we’re asking: it’s kind of creaking, but is commercial property actually fine? This is Unhedged, the markets and finance podcast from the Financial Times and Pushkin. I’m Katie…
Commercial real estate has been in a bad spot for a while now, for a variety of reasons, including the effects of the pandemic and working from home. But now there are very bad signs of how deep the hole is. For the first time since the financial crisis, investors in the highest-rated bonds backed by commercial real estate debt are suffering losses. Buyers of the AAA portion of a $308 million bond backed by the mortgage of a building in midtown Manhattan got back less than three-quarters of their original investment because the loan was sold at a deep…
Experience unparalleled luxury at the St. Regis Miami Villa, a stunning freestanding residence now for sale for $35 million. St. Regis Residences Miami's bayfront villas are on sale for $32 million A stunning gulf-front villa in Miami's prestigious St. Regis Residences has hit the market for the astonishing price of $32 million. This stunning home is one of only two single-family homes in this luxury development, making it a unique and rare opportunity for prospective buyers. A rare find in Brickell's upscale market Owning a single-family home in Miami's Brickell neighborhood is becoming increasingly rare, especially as luxury condo developments…
Categories Evictions and Crazy Stories Real Estate May 22, 2024 Mark Ferguson Post-occupancy agreements can be risky. In this article, I'll go into more detail about post-occupancy agreements and pre-occupancy agreements. I'll also detail a particularly challenging real estate transaction I personally had. The ordeal brought a lot of attention to my YouTube channel, but it also highlighted many of the pitfalls associated with these agreements. We will also touch on pre-occupancy agreements and the evolving real estate and tenancy laws that are making these situations increasingly complicated. Video: Post-occupancy risks – Horror stories My personal post-move-in contract nightmare A…
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances of $766,550 or less decreased from 7.08% to 7.01%, and for loans with a 20% downpayment, points decreased from 0.63 to 0.60, including origination fees.Mortgage refinance applications increased 7% this week and are 21% higher than the same week a year ago. Rates last week were just 32 basis points higher than a year ago, and the gap is narrowing. Even with the week's increase, demand remains at very low levels, as the majority of borrowers today are borrowing at rates significantly lower than they are currently…
ORLANDO, Fla. — Tenants renting commercial property in Central Florida will soon be able to receive a break on sales taxes that are assessed as part of their lease. What you need to know: Starting June 1, the tax rate on commercial property rentals statewide will be reduced from 4.5% to 2%. The tax cut was originally scheduled to take effect on July 1. The tax cut does not apply to rentals of living, sleeping or lodging facilities for six months or less, and commercial parking or storage space for boats or automobiles. Starting June 1, the statewide tax rate…
At the beginning of the COVID-19 pandemic, governments around the world implemented a series of measures to contain the spread of the new virus, including international travel bans, quarantines, and business closures. Xue Xiao wondered how the global closure of physical spaces would affect the global economy. What began as an academic curiosity for the then-PhD student quickly transformed into a quest to understand the larger socio-economic impacts of the world coming to a standstill. Xiao, now an assistant professor in the Blackwood School of Real Estate, co-authored the study, “Did the Paycheck Protection Program Help Small Businesses? Evidence from…