Profile cover photo
Profile photo
Walter Duke + Partners
8 followers -
Florida Commercial Real Estate
Florida Commercial Real Estate

8 followers
About
Walter Duke + Partners's posts

Post has attachment
$735 per square foot. About a 50% LTV from New York Life.

Post has attachment
Grocery store chains trying to figure out the internet sales piece better get a little pep in their step!

Post has attachment
Multi-million dollar home prices are being slashed by potential sellers in exclusive neighborhoods across most of South Florida as more mansions continue to enter the market . Historically, this has trickled down and it is a buyers market heading into the summer. 

Post has attachment
Great hire for One Commercial. Stephen Nostrand is top notch in his field. 

Post has attachment
About market predictors, Perez says that “anybody who tells you the answer to that question is either a fool or a liar. The fact is that Miami is unpredictable, and the reason that Miami is unpredictable is that the demand, particularly for condominium product, is not local. So the typical local parameters that are used as demand are impossible, impossible, to predict in Miami” 

Post has attachment
The developer had 15 years including one of the best real estate markets in decades to deliver on this public land. I applaud the city for bringing him to the table, or in this case, court, to flush it out. The project sits on valuable public land. 

Post has attachment
The only downside; shade covering most of the beach in the afternoon. 

Post has attachment
Another sign of the time in this cycle. Many opportunistic lenders are undergoing “loan to own” analysis. It is actually a good way to get in relatively cheaply and early for the next cycle by taking some of these projects back that will inevitably fail. 

Post has attachment
I have a lot of respect for Avra Jain, but I hate to see the Miami River lose its marine business to condos, hotels and the like. 

Post has attachment
$330K per unit. More record prices to come. It is a sellers market as the first round of new multi-family cycles out. Will be interesting to see if the equity jumps back in or sits the rest of this cycle out. 
Wait while more posts are being loaded