PC Miami RE

PC Miami RE Specializing in commercial real estate. Informing about local happenings and market.

About local happenings affecting Miami, Miami Beach and the real estate market therein.

Keeping this handy. Becomes relevant to the new world order an what drives change.
10/04/2023

Keeping this handy. Becomes relevant to the new world order an what drives change.

If you ever wonder what the Viscaya grounds look like these days, allow me to be your host and save you the summer heat....
07/16/2023

If you ever wonder what the Viscaya grounds look like these days, allow me to be your host and save you the summer heat. If in town, I do encourage you to go yourself as it is quite impressive and even meditative. Blessed to have gotten there early for an event which allowed me to enjoy this tourism in Miami's own back yard.

The Industrial sector as a CRE asset class nationwide has been on a real tear in terms of both prices increase (up 25% o...
11/23/2021

The Industrial sector as a CRE asset class nationwide has been on a real tear in terms of both prices increase (up 25% on average) and volume (in early Nov.. 2021 already surpassing all of 2020).

Ecommerce has been the main driver, helping eclipse and stealing thunder from out-of-fashion brick and mortar Retail. It also helps the Industrial sector having hardly any of the pandemic issues that the Office sector has had to contend with, while benefitting from a supply shock underway coupled with pent-up demand for goods. This has made proper warehousing and logistics essential to the global business and economy. As a result, institutional players worldwide have increased their allocation to industrial, and now there is an actual shortage of warehouses in many places (especially "last-mile" urban settings) until more supply and development is delivered.

https://www.globest.com/2021/11/23/industrial-deals-have-now-surpassed-2020-levels/

Inching back to normalcy, and let's see how much of the trend away from office was fad or kneejerk reaction.  "72% of Am...
09/27/2021

Inching back to normalcy, and let's see how much of the trend away from office was fad or kneejerk reaction. "72% of Americans say they are very or somewhat comfortable returning to work given the current state of the pandemic. About 42% said they don't mind if some coworkers remain unvaccinated, while 33% of workers polled said they would return to the office with unvaccinated coworkers only if their employer required them to and the remaining 25% said they would not return under such circumstances."

New Poll Shows Willingness To Work in the Office

This Mimo district icon on Biscayne Blvd reminds us to be careful with the sun.
09/25/2021

This Mimo district icon on Biscayne Blvd reminds us to be careful with the sun.

08/22/2021

No dolphin sightings in a while.. miss them.

On Fast Food Restaurants: Amazing Covid-aftermath pivot having to do with ghost kitchens and Wendys!For those unacquaint...
08/12/2021

On Fast Food Restaurants: Amazing Covid-aftermath pivot having to do with ghost kitchens and Wendys!

For those unacquainted with ghost kitchens, these are delivery-only kitchens that generally only serve customers through third-party delivery apps including Uber Eats and DoorDash.

There is a real shortage of real estate suitable for QSR (quick service restaurants), hence ghost kitchens fill the need for brands to continue to served clients, hold market share and grow.

Wendy's announced it will open 700 ghost kitchens across the U.S., U.K. and Canada by 2025 through a partnership with start-up Reef Technology.

Blackstone's massive buying spree. We are seeing this in commercial and residential real estate and beyond, amazing and ...
08/12/2021

Blackstone's massive buying spree. We are seeing this in commercial and residential real estate and beyond, amazing and scary. Prepare yourself for this reality. "In the three months to the end of June, the New York-based company invested, or committed to invest, an astonishing $52 billion (£37.4 billion) in companies ranging from green energy development to film production, home-building and life sciences."

https://www.thetimes.co.uk/article/blackstone-the-buyout-giant-taking-over-the-world-02z52pgzj (despite paywall)

What does Reese Witherspoon have in common with a sprawling warehouse portfolio in northwest England?Both were enveloped in recent months by Blackstone, the Ame

In the Office space: Defunct Saks department stores in your neighborhood? Nowhere to work nearby? Look for Saks them pos...
08/12/2021

In the Office space: Defunct Saks department stores in your neighborhood? Nowhere to work nearby? Look for Saks them possibly converting into a new co-work office concept called SaksWorks, where WeWork would manage the operation and revenue share. Starting in suburban NY and even Greenwich Ct. Per an Accenture survey, 83% of Americans prefer the flexibility, safety, convenience and lifestyle a hybrid in-work and at-home arrangement.

Hudson’s Bay Co., owner of Saks, is converting parts of its department stores into co-working offices.

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1680 Meridian Avenue
Miami Beach, FL
33139

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