Sperry CGA RJ Realty

10/03/2023

Check out our recent edition of Sperry News You Can Use:
https://rj-realty.com/wp-content/uploads/2023/10/Q3-2023-Sperry_Newsletter_Vol-4-Issue-3_Jul-Sep.pdf
This issue is packed full of useful information regarding the continuing tightening of credit and the prevailing interest rate environment, multifamily properties and the impact of property insurance premiums, and maturing loan options. This issue also highlights our Commercial Property Resolution team.

09/27/2023

Distressed CRE Loans Surge Nationwide

More properties face foreclosure as landlords struggle to fill vacant offices.

09/22/2023

2-Story Porsche Dealership Proposed In Pompano Beach

The new complex will also be next door to Champion Porsche's current dealership complex at 300 W. Copans Road.

09/19/2023

Capital Markets Forecast Calls For Cap Rate Stabilization, More Transactions

More stable conditions expected by year-end will lead to investment activity.

09/15/2023

Used Car Dealership Off Lease Only Files Chapter 11, Winds Down Business Operations

The company has five Florida dealerships.

09/14/2023

Sale Leaseback Transaction Volume Rises 8.3%

Retail has also reached its highest contribution level since the pandemic.

09/07/2023

Sperry Commercial Global Affiliates | RJ Realty’s Ron Osborne Reps GCDC LLC In The Purchase Of Naranja Property

The transaction represents the sixth that Ron Osborne has completed with this buyer.

09/06/2023

Legal Tenant Leasing In H1 Is Strongest On Record

The 1.6 million square feet leased in the second quarter is above the 1.4 million square feet quarterly average since the start of the pandemic.

09/01/2023

Rising CRE Loan Delinquencies Aren't Worrying Banks Yet

Not all banks may be safe, but it does seem that many have taken precautions in advance.

08/31/2023

Downtown Fort Lauderdale, Palm Beach County Burnish Reputations As Greener Pastures For Businesses

A report commissioned by the DDA and authored by Walter Duke + Partners, a commercial real estate appraisal firm, concludes that the downtown area, which is defined as a 2.2-square-mile area that runs north of 17th Street to the central business district, Flagler Village and Sunrise Boulevard, “ha...

08/29/2023

$626B In CRE Debt Maturing In The Next Two Years Is Potentially Troubled

And these loans are coming due in a somber capital markets environment.

08/22/2023

Real Estate Sector Helps Soar Fort Lauderdale Economy To $35.7 Billion Annually

Fort Lauderdale’s real estate sector is up 21%, or $5.3 billion, since 2019. Over 17,000 residential units and 40-plus developments are planned for the city’s downtown area.