The CRE Issues To Watch As Florida's Legislature Convenes

For decades, a hulking, windowless — but still operating — Sears has occupied a busy corner in downtown Fort Lauderdale, anchoring a shopping plaza and a mostly empty parking lot. Now, a developer is proposing to build multiple towers on the site, another example of the direction retail real…

Read Full Story

Miami Beach has beautiful sunshine, captivating people and a fun vibe — all of which help draw 23.3 million visitors to Greater Miami each year. There's something for everyone on the economic spectrum: ultra high-end luxury hotels and travelers' hostels, upscale restaurants and stores hawking $10 flip-flops. But certain parts of…

Read Full Story

In Case You Missed It...

The 2019 holiday season was a good one for many retailers, especially online. E-commerce sales grew again during the busiest retail stretch of the year, as they did each year through the entire decade.

For consumers, the convenience of delivery keeps improving. It's easier than ever to tap a few buttons and watch the items show up a day or two later. In the country's millennial-dominated urban centers, that convenience is magnified for the increasingly car-free masses.

For the owners and managers of those shoppers' apartment buildings, ballooning e-commerce means headaches that grow just as fast.

Read the full story here.

With the finishing touches of federal regulations in place, a surge of capital flowed into opportunity zone funds last month. But despite the funds raising more than $2B in December alone, not all fund operators are feeling the love.

Last month, the U.S. Department of the Treasury and the IRS finalized a slate of regulations around opportunity zones, which provided more clarity to a number of issues experts and investors had raised since the program was first established in 2017. Treasury Secretary Steven Mnuchin said the changes should allow for more…

Read Full Story

The decision by the Duke and Duchess of Sussex, Prince Harry and Meghan Markle, to step back from being full members of the British royal family has dominated headlines around the world. And real estate will play a central role in the debate about the couple’s future as part of the royal household.

One of the points to be thrashed out between the Sussexes and the Queen is how they achieve their stated aim of becoming “financially independent”. At the moment, they receive 5% of what The Wall Street Journal said is a £5M annual income from the Queen, and 95% from Prince Charles. And to a huge degree, apart from some undisclosed personal investments, the two senior royals derive their income from real estate. A whistle-stop tour of royal British history explains how and why.

Read the full story here.