Coral Gables, FL Real Estate News

By Rei Mesa
(Berkshire Hathaway HomeServices Florida Realty)
Real estate has been waiting for those millennials to enter the buying market, and if predictions are right, this year might just be the year.For this group of young people, between 24-25 years old and 32-35 years old, entered into an uncertain financial and real estate market as they were beginning to move out on their own. Now that the housing market is stabilizing and millennials are getting older, homes for sale in Coral Gables, Coral Springs, and Delray Beach real estate may be of more interest to them.  If you are a home seller or real estate professional, you need to learn the best ways to market your property to this upcoming home buying generation. Get a few tips on how to market your home to millennials in this a brief video.
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By Marco Giancola, Realtor (305)608-1922, Miami Beach Florida
(Beachfront Realty)
       Within the exclusive, gated community of Journey's End in Coral Gables you will find this 13+K mansion on almost two acres with eight bedrooms and nine bedrooms. There is a three-car garage along with hurricane-friendly features like motorized shutters and a full-house generator and a gorgeous pool with plenty of entertaining space around it.   Journey's End enclave is just as gorgeous as you would imagine. There are different styles of homes available. If you desire a lot of house on a gorgeous piece of property please call me.     
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By Rei Mesa
(Berkshire Hathaway HomeServices Florida Realty)
Fannie Mae’s latest Home Purchase Sentiment Index is stating now is a good time to sell a home. With a positive financial outlook for the South Florida real estate market, including Coral Gables luxury homes, for the year ahead, now is the time to make your move.Listing your home while buyers are optimistic is the best way if you are ready to sell. According to the Fannie Mae index consumers ended 2015 on an improved note. Respondents claimed to have significantly higher household incomes that the year prior, and reported feeling secure about their current income and job security. Learn more about this survey and the South Florida real estate market for 2016.
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By Rei Mesa
(Berkshire Hathaway HomeServices Florida Realty)
 If you’re like most realtors I know, you are excited about this new year. Analysts are predicting a healthy one for the real estate industry and the numbers released from REALTORS® on December confirms the positive outlook.  According to December’s numbers on Florida, properties are staying on the market for less time, the median sales prices are up, and closed sales had less short sales and cash-only sales.  At this point, with inventories still relatively tight, it seems the market continues to be a seller’s market for single family homes - at least in the Coral Gables homes for sale market. December’s numbers do show a more balanced market when it comes to townhouses and condos. Get more details on Florida, and links to the national housing market.
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By JM Padron, CCIM, CCP, CCIM, CCP, International Commercial Broker
(THE JMTEAM NETWORK)
International Investors Look for Trust in CRE Brokers By Sara S. Patterson | Media Relations Manager spatterson@ccim.com | (312) 321-4531 Posted December 1st 2015Establishing connections between international investors and CCIMs was the focus at “The Mechanics of the Inbound International Investment” discussion on Oct. 29 during CCIM Institute Annual Governance Meetings in Austin, Texas. Representatives from countries as diverse as China, Mexico, Taiwan, Canada, and South Korea talked about what their investors look for in commercial real estate investments in the United States to an audience of 120 CCIMs - a 50 percent increase compared to the international luncheon and presentation in 2014.“CCIMs in the U.S. and very wealthy Chinese investors use the same language,” says Jeffrey Hu, d...
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By JM Padron, CCIM, CCP, CCIM, CCP, International Commercial Broker
(THE JMTEAM NETWORK)
sel11-story apartment tower sold for $13,600,000, this is $215,873 per door or $121 per SF.A Brooklyn-based investor has picked up an apartment building in Miami’s East Little Havana neighborhood for $13.6 million. Miami-Dade County records show Veneto Group LLC sold the 63-unit building to three entities managed by Samuel Matalon and Alfred Sayegh.The 11-story tower located at 120 SW Agenue sits on a 20,865-square-foot lot. The goal construction area is 112,528 square feet with apartments ranging from the $800's SF to the $1,200's SF.The building is near the Miami River and very close to Brickell, where new development prices are over the $600 per SF. This investments reflects the tendency to lower CAP rates in the area, including Liite Havana.
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By Rei Mesa
(Berkshire Hathaway HomeServices Florida Realty)
*photo by: Elena Rostunova / Shutterstock.com Are you planning to list your home on the Coral Gables homes for sale rolls? Then you need to be sure your home looks as good as it can. It is time to declutter and organize.If you feel that decluttering your space and giving things away will emotionally drain you, then just take it one step at a time. This is really an important part of moving homes for sale in Coral Gables because most buyers will not see pass the clutter and mess.Learn 5 ways to get yourself started declutter your home and you may just find you’ve been living in Coral Gables luxury homes!
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By Rei Mesa
(Berkshire Hathaway HomeServices Florida Realty)
Sellers or buyers of luxury homes, such as Coral Gables luxury homes and other similar properties, may want to think through their options when selling their home.When listing a luxury homes, you need a professional real estate company behind you to properly market the property. Finding the niche of home buyers interested in such properties takes experience and finesse.If, on the other hand, you are interested in buying luxury homes, like Coral Gables luxury homes, you also need to know how to negotiate within the high-end real estate marketplace. There are other strategies and techniques you may want to know about the luxury homes market. Find out more and give them a try.
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By JM Padron, CCIM, CCP, CCIM, CCP, International Commercial Broker
(THE JMTEAM NETWORK)
5 Golden Tips for 2016 from JM Padron, CCIM 1) Develop your Budget and Income Stream by January 31st based on your pipeline and your last year performance, build your Income Stream for 2016, your plan is comprised of many activities which has to be performed on a constant basis. Get one coach out of your office who can make you accountable to meet those tasks. This will guarantee that you stay focus in your program with not distractions and not working by accident.2) Hold at least Two Client Appreciation EventsHold a couple of client appreciation events to celebrate with your clients your success and to make them to be part of it.3) Expand Your EducationLearning is earning. Plan to obtain a certification that goes with your plan, if you already have it, look for CE classes that can enha...
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By JM Padron, CCIM, CCP, CCIM, CCP, International Commercial Broker
(THE JMTEAM NETWORK)
El Arte de Invertir en Bienes Raíces Comerciales Invertir en Bienes Raíces Comerciales combina riesgo, tiempo, esfuerzo, condiciones de emprendedor y mucha visión. El proceso combinado es un arte y no una ciencia exacta. Para mitigar los riesgos, el inversionista debe poseer un buen nivel de conocimiento que le permita entender las diferentes variables: Flujo de Caja, Depreciación, Apreciación, Apalancamiento, Amortización e Impuestos. Cualquier inversión en bienes raíces comerciales requiere un importante nivel de trabajo por parte del inversionista, tal como comenzar un negocio propio. La mayoría de la gente no están dispuestos a tomar el riesgo de invertir en bienes raíces comerciales, básicamente porque no poseen las destrezas básicas para poder entender los diferentes riesgos y est...
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By Rei Mesa
(Berkshire Hathaway HomeServices Florida Realty)
When it comes to South Florida foreign buyers, the Chinese are one of the fastest growing segments, according to the MIAMI Association of REALTORS®. These lucrative buyers are interested particularly in the Miami and Miami Beach real estate property market because of all it has to offer. From the best in higher education and top of the line designer products to the diversified economy and ideal weather, South Florida and its homes for sale – Coral Gables luxury homes, Miami Beach condominiums, etc. – are luring Asian buyers in. Find out what the South Florida region, as well as the state as a whole can expect from this Asian country’s interest in U.S. properties.
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By JM Padron, CCIM, CCP, CCIM, CCP, International Commercial Broker
(THE JMTEAM NETWORK)
Commercial Real Estate holds strong! We are experiencing a very busy time practicing commercial real estate thanks to an increase on activity of Tenants and Investors. Moving forward to the next quinquennium we should look at the coming market trends, I do not have a crystal ball to anticipate the future but I strongy believe we should pay attention to important indicators as:Sources for InvestmentThe availability of funds to be invested in Commercial Real Estate are increasing year after year with expectation to be above 40% by the end of 2019. As confidence returns to real estate, the industry faces a number of fundamental shifts that will shape its future. The good folks at PricewaterhouseCoopers (PwC) have looked into the likely changes in the real estate landscape over the coming y...
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By JM Padron, CCIM, CCP, CCIM, CCP, International Commercial Broker
(THE JMTEAM NETWORK)
RENOVACIÓN DE CONTRATOS DE ARRENDAMIENTO DE OFICINASEn general los inquilinos de oficinas se encuentran en desventaja con el propietario ("Landlord") al momento de la renovación de sus contratos de arrendamiento. La mayoría de los contratos de arrendamiento tienden a favorecer en especial con las cláusulas de renovación o opciones. El propietario tiende a tomar ventaja por que sabe que el inquilino no querrá dejar el espacio y mudarse, incurriendo en gastos considerables y en una interrupción de sus operaciones. El inquilino deberá contratar lis servíos de un corredor COMERCIAL experimentado, que pueda realizar un estudio de rentas en el área para presentárselo al dueño y enseñarle que su espacio actual tiene competencia y se podrían obtener mejores beneficios financieros mudándose al o...
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By JM Padron, CCIM, CCP, CCIM, CCP, International Commercial Broker
(THE JMTEAM NETWORK)
RENOVACIÓN DE CONTRATOS DE ARRENDAMIENTO DE OFICINASEn general los inquilinos de oficinas se encuentran en desventaja con el propietario ("Landlord") al momento de la renovación de sus contratos de arrendamiento. La mayoría de los contratos de arrendamiento tienden a favorecer en especial con las cláusulas de renovación o opciones. El propietario tiende a tomar ventaja por que sabe que el inquilino no querrá dejar el espacio y mudarse, incurriendo en gastos considerables y en una interrupción de sus operaciones. El inquilino deberá contratar lis servíos de un corredor COMERCIAL experimentado, que pueda realizar un estudio de rentas en el área para presentárselo al dueño y enseñarle que su espacio actual tiene competencia y se podrían obtener mejores beneficios financieros mudándose al o...
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By JM Padron, CCIM, CCP, CCIM, CCP, International Commercial Broker
(THE JMTEAM NETWORK)
I would  like to wish to all my fellow rainers, a wonderful and prosperous 2016. May the grace and the happiness rain over your hearts and those of your love ones.  Please stay healthy and stick to your plan for 2016 with love and understanding. You will accomplish all your goals, even your dreams! God Bless you
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By JM Padron, CCIM, CCP, CCIM, CCP, International Commercial Broker
(THE JMTEAM NETWORK)
The industry of Commercial Real has definitively changed because clients have now access to tons of information about the markets and about the properties in specific. Years before the commercial brokers had the information in their hands and formed secret fraternities to exchange listings and wants from the buyers. In those times only the commercial brokers possessed the data and sellers, landlords, tenants and investors were obligated to used them.Nowadays with the Internet the situation has changed dramatically, clients can have easy access to the market directly or indirectly, it is called globalization or googlelization. I personally think that nowadays exist many more opportunities in the Industry for savvy commercial brokers, but they have to go far and beyond what a commercial t...
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By JM Padron, CCIM, CCP, CCIM, CCP, International Commercial Broker
(THE JMTEAM NETWORK)
Inversión al Alcance de Todos - CrowdfundingCrowfunding es la practica de levantar fondos para un proyecto nuevo de un gran número de personas, típicamente vía la internet. Un inversionista de participaciones de capital lo ha definido "Como el proceso de levantar fondos de dos o más personas a través de la Internet para lograr un servicio común, un proyecto, un producto o una inversión.El modelo de Crowfunding esta compuesto por tres tipos de participantes: el originado del proyecto que es quien propone la idea, individuales o grupos que apoyan la idea, y una organización moderadora (La Plataforma) la cual junta a las partes par lanzar el proyecto. En el 2013 la industria del Crowfunding creció en el mundo sobre los 5.1 mil millones según un reportaje de Forbes, mercados emergentes. Est...
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By JM Padron, CCIM, CCP, CCIM, CCP, International Commercial Broker
(THE JMTEAM NETWORK)
NEW YORK CITY—Earlier this month, the $300-million securitized loan on Bush Terminal in Brooklyn, a six-million-square-foot industrial and office complex better known as Industry City, paid off with a full recovery to the loan’s A note and a near-total loss on the B note. It serves as an illustration of why Fitch Ratings continues to expect no recoveries from so-called “hope notes.” The reason for the ratings agency’s dismal assessment is that hope notes, which divide single loans into an interest-paying A note and an interest-accruing B note, don’t provide sufficient incentive for their borrowers to repay. That’s the case even as improving conditions in many subsectors of the US CMBS market will give a boost some efforts to modify legacy commercial loans, according to Fitch.
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By JM Padron, CCIM, CCP, CCIM, CCP, International Commercial Broker
(THE JMTEAM NETWORK)
Hope Note or Wish Note?A “Hope Note” is a restructured financing based on the hope that the borrower will get a piece of the upside equity at a future sale. It was a mechanism used in Commercial Real Estate in the USA after the big market crash in 2010. A&B note structure: The lender creates two tiers of debt—an A note (the existing loan that has been reworked with a lower principal amount) and a B note (a new loan for part or all of the principal reduction agreed to on the A note). The B note will usually be subordinate to any additional equity investment, but it ensures the lender can recover some of the forgiven principal in the event the property value improves over time. “Hope” note or equity participation: The lender reduces principal or changes the terms of the existing note in e...
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By JM Padron, CCIM, CCP, CCIM, CCP, International Commercial Broker
(THE JMTEAM NETWORK)
Administración de Propiedades Comerciales Administración de propiedades comerciales es una actividad crucial para optimizar los beneficios de una propiedad comercial al reducir los gastos operativos y aumentar los ingresos. Las tres gastos operativos más importantes son: Los impuestos sobre la propiedad, seguro de propiedad y Mantenimiento. Impuestos sobre la propiedad: los impuestos a la propiedad, así como evaluar el valor de la propiedad deben ser monitoreados constantemente para poder comparar con los valores del mercado y compararlos con los valores del mismo tipo de propiedades. Para lograr una reducción se debe presentar un recurso de apelación tributario al condado pertinente, Miami- Dade, Broward, etc. Después de realizar un análisis realizado por profesionales con los conocimi...
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