Valentino & Chopard Join Brickell City Center

Top Retailers Join Brickell City Center Shopping Centre

 The luxury lineup at Brickell City Centre is growing: developers announced on Tuesday that Italian fashion house Valentino and Swiss watch and jewelry designer Chopard will open shops at the 500,000-square-foot shopping center.

Both brands will open stores on the street-accessible first floor of the four-story building. Valentino will have about 1,800 square feet and Chopard will have about 1,500 square feet.

Debora Overholt, head of retail leasing for Brickell City Centre, said that luxury retail is important to attract Latin American shoppers. “Brickell enjoys a strong brand awareness in Latin America, and visitors from there tend to be more than just your typical tourist in Miami,” Overholt said. “They own second homes or third homes. They spend extended periods in the area.” Brickell’s booming luxury condo population and its status as Miami’s financial district also make it a natural home for high-end retail, Overholt added.

The shopping center’s second and third stories will include less-expensive premium and contemporary retailers, as well as restaurants and bars. Overholt said about 450,000 square feet of space have been leased or are in advanced negotiations.

A Saks Fifth Avenue has already been announced as the project’s anchor tenant. The luxury dine-in movie theater Cinemex will open a location on the fourth floor.

Brickell City Centre is a massive $1.05 billion mixed use development that will also include two condo towers, a hotel and two office buildings, all scheduled to open by the end of 2015.

The shopping center will open in the fall of 2016. Swire Properties is partnering with Whitman Family Development and Simon Property Group on the project.

In recent years, Miami has become a leading capital for luxury retail. The Design District and Bal Harbour Shops, both centers of luxury shopping, have announced their own plans for major expansions. * Article Published by the Miami Herald

Call me now to schedule a complete presentation of any project in Miami. For Reservation please contact me at 954.254.6085 or email me at JuanSolerRealtor@gmail.com Time is always of the essence but much more in Pre-construction. Don't miss this window of Opportunity!

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Real Estate Markets Remain Stable Despite Greece Debt Crisis & China Stock Slide

In Spite of Greece Debt Crisis & China Stock Slide Real Estate Market Remains Steady

According to JLL, despite the debt crisis in Greece and volatility in China's equity markets, Q2 2015 preliminary data shows global transaction volumes in the second quarter of the year totaled US$161 billion, unchanged from the same period a year ago.

The US leads global commercial real estate investment in the second quarter of 2015 after posting a 30 percent rise in transaction volumes, as full year global forecasts hit US$750-760 billion.

"We can expect the recent decline in global interest rates to support transactional activity for the remainder of 2015," says David Green-Morgan, global capital markets research director at JLL. "As a result, we believe global volumes for the full year will reach US$750-760 billion, a 5 percent rise on 2014 transactional activity."

In EMEA, transaction volumes were up 11 percent, measured in Euros. Southern Europe posted a 47 percent growth n the first six months. The UK, France and Germany were up 15 percent in the same period while Nordic investment was up 38 percent. Russia meanwhile shows signs of renewed optimism with the strongest level of activity seen in five quarters. The uncertainty over the future of Greece continues to push investors into real estate which benefits not only from record low financing but also yields a healthy premium to the returns offered in risk free assets such as government debt.

In Asia Pacific, lower transactions in Japan and Australia - the region's biggest markets - pulled volumes down. * World Property Journal

Call me now to schedule a complete presentation of any project in Miami. For Reservation please contact me at 954.254.6085 or email me at JuanSolerRealtor@gmail.com Time is always of the essence but much more in Pre-construction. Don't miss this window of Opportunity!

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1Q 2015 Brickell Real Estate Market Summary

1Q 2015 Brickell Market Behavior

 Price indicators were mixed as sales marginally decline despite the fact that Pre-construction condos are selling at a fast pace.

Currently Brickell is still a Buyer’s market because of that unparalleled influx of new units. The good news for sellers is that prices remain stable even when the resale condos are definitely taking a hit due to the massive amount of new competition. Here is the summary chart of the 1Q 2015 Brickell Market behavior published by Douglas Elliman.

Call me now to schedule a complete presentation of any project in Miami. For Reservation please contact me at 954.254.6085 or email me at JuanSolerRealtor@gmail.com Time is always of the essence but much more in Pre-construction. Don't miss this window of Opportunity!

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American Larger Office Buildings are Notably Greener than the Smaller Counterparts

The Larger The Building The Greener 

 According to a new study by CBRE Group, Inc. and Maastricht University, owners of small buildings in the U.S. have an opportunity to differentiate themselves by implementing energy-efficient practices, due to a significant gap between large and small office buildings in achieving sustainability certification across the U.S.

The 2015 Green Building Adoption Index, a joint project of CBRE and Maastricht, found that 62.1 percent of office buildings in the U.S. greater than 500,000 square feet are considered "green" (holding either an EPA ENERGY STAR label, U.S. Green Building Council (USGBC) full-building LEED certification or both). In contrast, only 4.5 percent of all U.S. office buildings less than 100,000 square feet qualified as green.

"Our 2015 study confirmed that green building adoption has been primarily a big building, first-tier city phenomenon," said David Pogue, CBRE's global director of corporate responsibility. "It would appear that many smaller buildings in the majority of large markets still have an opportunity to be 'best in class' among their peer set by achieving these certifications." 

Minneapolis led the city ranking for the second consecutive year, with 70.4 percent of all office space currently qualified as green, down from 77.0 percent in 2014. San Francisco, again in second place, significantly closed the gap and now boasts a 70.0 percent green market, up from 67.2 percent in 2014. Chicago, at 63.4 percent, was third, while Atlanta (57.8 percent) and Houston (52.9 percent) swapped positions at fourth and fifth. The top 10 cities on the 2014 list all retained a place on the 2015 list.

The overall results of the study show that the uptake of green building practices in the 30 largest U.S. cities continues to be significant, but that the growth is slowing. At the end of the fourth quarter of 2014, 13.1 percent of the commercial building stock had an ENERGY STAR label, LEED certification, or both, compared to 13.8 percent at the end of 2013. Measured by size, the amount of certified commercial space also decreased from 39.3 percent in 2013 to 38.7 percent at the end of 2014.

"This decrease does not imply that buildings are starting to perform worse than before. Rather, it reflects the fact that only a certain fraction of the building stock can obtain a green or energy-efficiency certification," said Dr. Nils Kok, associate professor in Finance and Real Estate, Maastricht University (NL). "Additionally, it appears that some of the buildings that were previously certified did not renew their certification in 2014. This does not necessarily mean that the energy use of these buildings has changed, but that some owners and managers choose not to spend the time or expense to reapply for certification every year."

Executed in close collaboration with the USGBC and CBRE Research, this is the second release of the annual Green Building Adoption Index. Based on a rigorous methodology, the Index shows the growth of ENERGY STAR- and LEED-certified space for the 30 largest U.S. office markets, both in aggregate and in individual markets, over the previous 10 years. *Published by the World Property Journal.

Call me now to schedule a complete presentation of any project in Miami. For Reservation please contact me at 954.254.6085 or email me at JuanSolerRealtor@gmail.com Time is always of the essence but much more in Pre-construction. Don't miss this window of Opportunity!

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Miami Beach & Coral Gables Made the Top 100 Most Livable Cities List

Miami Beach & Coral Gables Made the Top 100 Most Livable Cities List

The sum of all the factors that affect your livability is what determines how desirable is a given community and consequently how valuable is the real estate in that particular location.

Two South Florida cities ranked in the top 100 most livable cities, according to a Livability list released Friday. Miami Beach ranked 38th and Coral Gables, 100th. The research team cited Miami Beach’s waterfront access, dining options and cultural attractions among its winning features. “Sultry beaches, sizzling restaurants, wild nightclubs and the largest collection of Art Deco architecture in the world make Miami Beach one hot place to live,” Livability said. “Golf courses, museums and shopping centers provide more entertainment options. Miami Beach has attracted a diverse group of residents and draws thousands of tourists.” With a population of 88,628, Miami Beach has a median household income of $43,321 and a median home price of $333,000, according to Livability. Coral Gables was lauded as a popular shopping destination with renowned international retailers. According to the ranking, the largest employer in Coral Gables is the University of Miami and Baptist Hospital of Miami is second largest. Engineering and marine science companies are also headquartered within the city. Livability looked at more than 2,000 cities with populations between 20,000 and 350,000 to select its top 100. It analyzed economics, housing, amenities, infrastructure, demographics, social and civic capital, education and health care. Madison, Wisconsin topped the list. Rochester, Minnesota ranked second, followed by Arlington, Virginia; Boulder, Colorado; and Palo Alto, California. The only other city in Florida that made the list was Orlando, which ranked 86th. * The Real Deal.

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2015 Miami Industrial Market Activity

Miami Industrial Market 

Miami is becoming a launching platform for a couple of industries and many jobs will be created as a result of the arrival of new companies and the influx of capital in our city.  Very recently I have been helping to relocate several executives that have been transferred to Brickell mainly.  "One of the world's top global cities, Miami has become a launching pad for new industries," said Barbara Tria, the 2015 Miami Commercial Alliance President. "Technology companies and other businesses are moving to Miami largely because of the region's top-tier cultural offerings, outdoor lifestyle, and affordability compared to other major cities around the globe."

Miami's industrial vacancy rate of 5.3 percent is the third lowest in the nationamong the 82 major American cities studied by NAR and Reis. Only Orange County (Calif.) and Los Angeles performed better than Miami in the industrial sector in May, registering vacancy rates of 3.4 and 3.6 percent, respectively. Florida's other major metropolitans had the following rates: Fort Lauderdale (8.2), Jacksonville (6.9), Orlando (10.3), Tampa/St. Petersburg (7.8), and Palm Beach (5.5). The national average is 8.4.

Miami International Airport and Port Miami are two of South Florida's international trade successes. Miami International ranks as the top airport in the U.S. for international freight, and the ninth-best airport for foreign cargo in the world. In 2013, Miami International handled 2.1 million tons of total airfreight, of which 88 percent was international freight.

Port Miami is the top-ranked container cargo port in Florida with 900,000 TEUs handled each year. The port has an opportunity to expand its international business as it is deepening its channel from its current 42-foot depth to 50-52. When the deep dredge project is completed, Port Miami will be the only U.S. port south of Norfolk, Va. that can accommodate the new, mega cargo vessels that will pass through the expanded Panama Canal.

Miami's tourism and multilingual employment base are just two reasons why major developers are bringing new retail ventures to the region. Earlier this year, the company that owns and runs the largest mall in America announced plans to build the nation's largest shopping mall in northwestern Miami-Dade, a roughly 200-acre entertainment complex with submarines, a Legoland, sea lions and an artificial ski slope. American Dream Miami is projected to cost as much as $4 billion to build.

Brickell City Centre and The Mall at Miami World Center are two other significant Miami retail ventures. At Brickell City Centre, Hong Kong developer Swire Properties will deliver 500,000 square feet of retail space anchored by Saks Fifth Avenue by late 2016. The Mall at Miami Worldcenter, in the heart of downtown, will complete 765,000 square feet of restaurant, retail and entertainment space by 2017. * Report by World Property Journal & Miami Association of Realtors.

Call me now to schedule a complete presentation of any project in Miami. For Reservation please contact me at 954.254.6085 or email me at JuanSolerRealtor@gmail.com Time is always of the essence but much more in Pre-construction. Don't miss this window of Opportunity!

To Buy, Sell or Rent Properties in Miami go to http://www.JuanSolerRealtor.com