Florida Commercial Property In For Big Insurance Hikes This Year
A study predicts 45% to 50% increases in Florida, including in inland areas — and a doubling of premiums won’t be out of the question.
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A study predicts 45% to 50% increases in Florida, including in inland areas — and a doubling of premiums won’t be out of the question.
Private investors were the most active buyers for worldwide commercial real estate last year, purchasing $455B in properties, or 41% of the global investment total.
Home mortgage rates continued to rise in the past month, with one survey showing 30-year loans topping 7% for the first time since October.
But the market may be also subject to more ups and downs as a result of lending caps on GSEs.
The $850 million sale of the Diplomat Beach Resort (pictured above) in Hollywood, Florida, was the third-largest single-asset sale in US history.
It’s a bit of same ol’, same ol’ for now in multifamily deal-making two months into 2023 – not a whole lot.
‘Near record’ amounts of capital are sitting idly on the sidelines amid economic uncertainty, and how (and how quickly) it’s deployed this year will be “major factors” in overall sales volume, according to new research.
While economics is an important subject, so is national, and state, security, with foreign national purchases of land, often agricultural, in proximity to military bases.
It was a rough fourth quarter for most commercial real estate brokers in South Florida, as property sales plunged 55% compared to a year ago.
This is by far is one of my highest achievements so far in the 40 years of brokerage and would not be here without the support of my fellow SperryCGA Affiliates thoughout the company’s 62 offices.
Broker/President Ronald W. Osborne represents both buyers and sellers of commercial properties of all asset classes and types, focusing primarily on privately owned properties in South Florida, ranging in value from $1 to $10 million.
SperryCGA – RJ Realty
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954.381.0412
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