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Realtime multifamily insights and opportunities from one of the most active Land & Multifamily brokers in South Florida (+$3.3 billion closed & counting ! )
Interview with CEO Tere Blanca The Woman Leading Miami's Office Market Watch Now Subscribe to Youtube About Tere Blanca Tere Blanca is the Founder, Chairman, and CEO of Blanca Commercial Real Estate, Florida’s leading independent office advisory firm. Founded in 2009, the firm has grown to more than 50 professionals across three Southeast Florida offices and has sustained approximately 30% market share of Miami’s Class A and B office lease transactions since 2016. In this episode, Tere shares...
Omar Morales Our team is working on roughly ~$375,000,000 dollars-worth of active listings so far in the first quarter of the year. Most of the opportunities are condo / multifamily development land listings and some are existing multifamily properties. Below are just a few. Feel free to reach out for more. The next newsletter will include a market update and some commentary from me. Multifamily Listings Opportunity To Acquire A 108-unit Value-Add, Garden-style Property in Deerfield Beach...
Miami Multifamily Memo Why you should not buy Multifamily in Miami right now Why you should not buy Multifamily in Miami right now: Cap rates are ~5% Debt is +6%. expense inflation Insurance has been a problem Supply wave in certain pockets Why you should: There are few buyers today. Most groups are net bearish, waiting for “a reckoning” Multifamily properties that traded for ~$400K/unit in 2022 are now trading for ~$300K/unit. The cost to build those assets have gone from ~$250K/unit to...