Milos Slated to Open in South of Fifth Miami
Miami’s South of Fifth neighborhood used to be well-known as steakhouse central. But that may be changing for good. A variety of new ethnic-themed eateries have moved into the area including the most recent branch of Milos, a Mediterranean restaurant that lso has locations in Athens, NYC and Las Vegas, according to The Real Deal. From Milos’ Web... [Read more...]
If you don’t already know the facts about Urbanism Group’s property simply known as 814 Ponce, then listen up. Did you know that it was recently transformed into a graceful but dramatic Mediterranean architectural presence in Coral Gables? That the Building was recently re-constructed, including: all interior walls, mechanical, plumbing and electrical systems,... [Read more...]
Commercial real estate retail rent prices are expected to rise by the end of this year due to lower vacancy and greater demand, according to the Commercial Real Estate Investment Digest and based on CoStar Group’s First Quarter 2011 Retail Review and Outlook. Vacancy is expected to drop as a result of more hiring, and with higher occupancy will come higher... [Read more...]
Economic Recovery Continued Slowly in First Quarter
The first quarter GDP growth stayed positive this year, increasing an annualized 1.8 percent, with significant job increases contributing to recovery. Nevertheless, a few factors actually restricted the GDP growth, including unfortunate weather, skyrocketing gas prices and reluctant consumer spending, according to the Investment Real Estate Research blog. The... [Read more...]
Bloomberg reports that national commercial real estate mortgage defaults dropped in the fourth quarter, a big deal considering this is the first time defaults have declined since 2006. The default rate---4.36 percent in the third quarter---fell 0.8 percent in the fourth quarter to 4.28 percent, according to numbers from Real Capital Analytics. This includes defaults... [Read more...]
