Real Estate Blog

Marriott Completes Starwood Merger Making The Worlds Largest Hospitality Company

Marriott became the largest hotel chain in September closing the 13 billion deal with Starwood Hotels Worldwide. Transaction costs for the merger are expected to total $140 million, according to Marriott (NASDAQ: MAR). Shares in Starwood ended trading before Friday’s opening bell on the New York Stock Exchange. Starwood shareholders receive 0.8 shares of Marriott stock for each share of Starwood stock, plus $21 in cash. The acquisition of Starwood Hotels & Resorts Worldwide, will combine Marriott, Courtyard and Ritz Carlton brands with Starwood's Sheraton, Westin, W and St. Regis properties. Thirty hotel brands will fall under Marriott’s hotel chain ...
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Investing In Commercial Real Estate With REITs

Homebuilding stock, Lennar Corporation (NYSE:LEN) continues to come out as a winner from the rise of home sales. Lennar Corporation total value of inflow transactions on upticks was $0.74 million, whereas, the total value of outflow trades on downticks was $0.27 million. The total value of the trades done on upticks was $0.54 million. The company has adjusted earnings of $1.21 per share which increased 13 percent year over year driven by joint venture, improved SG&A leverage and other revenue. According to Reit.com, REITs outperformed the S&P 500 with a cumulative total return of nearly 80 percent while the Fed ...
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Why The Next 24 Months Look “Doggone” Good For Real Estate

“You can never forget about cycles, but the next 24 months look doggone good for real estate” according to PWC’s latest commercial real estate emerging trends report for 2016. “For real estate, 2016 will see investors, developers, lenders, users, and service firms relying upon intense and sophisticated coordination of both their offensive and defensive game plans. In an ever more competitive environment, with well-capitalized players crowding the field, disciplined attention to strategy and to execution is critical to success.” Here is a look at some of the top trends and highlights for 2016: 18-Hour Cities 2.0 Last year, Emerging Trends ...
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Is South Florida’s Commercial Real Estate Boom Still Strong?

Just last year, South Florida saw more than a dozen commercial real estate deals of more than $100 million dollars, according to the story by WLRN on commercial real estate this year. “ Billions of dollars of office buildings, condo buildings, shopping malls and warehouses were bought and sold throughout the region,” the article noted. The Sunshine Economy interviewed with three veteran players in commercial real estate this year. Here's is a highlight on how they describe the market in 2016: The Banker -- Bank United Chairman and CEO John Kanas We’ve seen the condominium construction boom continuing and beginning ...
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Grant Cardone Gives Advice On Smart Real Estate Investing

Real estate investor Grant Cardone says that you can’t control inflation (the Federal Reserve does that) and the government has doubled their debt since 2008. It’s now at $18.3 trillion and grows every day. Cardone contributed his thoughts in an article on Entrepreneur.com on investors having commercial real estate assets in their investment portfolio. Here are the eight reasons why he sees commercial real estate and investing income producing real estate is an excellent choice for protecting and growing your wealth: 1. Positive cash flow. One of the biggest benefits to income producing real estate investments is that leases generally ...
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A CRE Macro Look At The United States…

Cushman & Wakefield’s latest Macro Report for 2016 highlights that the U.S. economy faced some very difficult headwinds in the first half of 2016, mostly coming from overseas. In particular, the report identified that the financial markets were rocked at various points this year by several factors including China’s decelerating economy, weakness in the emerging markets caused by a long-term slump in commodities, and more recently, Brexit. “Throughout all of these challenges, the U.S. economy has remained impressively resilient,” the study also noted. “The key demand drivers that support the property markets—consumer confidence, job growth, low interest rates and consumer ...
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JC Penney Moves Back Into Appliances; What Does It Mean For CRE?

There is still that old adage, "kitchens and baths sell homes," which may be a bit trite, however it still resonates a truth in commercial real estate today. Homes are being transformed, democratized, and enhanced by green developments which improve the quality of life for consumers. Retailer J C Penney Company Inc (NYSE:JCP) announced it will be selling appliances once again after 30 years in efforts to attract female consumers. With an increase in millennials entering the real estate market and the rise of homeowners looking to invest in updating their homes, JCPenney will be introducing an assortment of major ...
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South Florida’s Hot For Commercial Real Estate Brokerages

In South Florida, larger firms have been pursuing boutique firms in the area as a result of its strong growth in the commercial real estate market. According to National Real Estate Investor, mergers and acquisitions in the brokerage sector continue to occur, but with a more focused aim, and are not forecast to reach the high water marks seen in previous years. Pike Rowley, principal and managing director of Avison Young Florida recently spoke at a keynote panel of the Realtors Commercial Alliance Miami Super Conference at the Biltmore Hotel in Coral Gable and said they are targeting such small ...
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Retail Sector Expects “Modest” Outcome For Black Friday 2016

Industry insiders are predicting a much better performance this Black Friday compared to last year, however caution that doesn’t mean Black Friday 2016 will be one for the record books. Deloitte that total holiday sales will rise 3.6 to 4.0 percent year-over-year. Thomson Reuters indicated that its same-store sales index for September 2016 was expected to come in at -0.3 percent. This number is down from growth of 0.8 percent in September 2015. “The holiday shopping season is one of the most competitive times of the year for retailers, but they also have a big opportunity to drive sales and ...
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Chinese Market Expected To Grow In South Florida

More growth is expected for South Florida as Chinese investment in the United States real estate market is expected to reach $50B by 2025. According to the Real Deal, wealthy Chinese buyers have been buying so many homes in the United States that they are the top foreign country purchasing property in the United States – for the fourth year in a row. The article noted that home sales totaled more than $27 billion. South Florida is really pushing for such buyers to its commercial real estate market. According to Daily Business Review, tapping into the Chinese market, home to ...
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