Sperry – RJ Realty’s Ron Osborne Reps Buyer In Purchase Of Fort Myers Cannabis Dispensary
The deal marks the investor’s third acquisition of these types of investments in the last year.
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The deal marks the investor’s third acquisition of these types of investments in the last year.
The newly constructed build-to-suit property was built for Sanitas Medical Center, which currently occupies the property. The Tenant signed a 10-year lease with over 9 years remaining with an annual increase at the time of the sale.
As debt grows, bond markets face a significant problem that could ultimately drive CRE loan interest rates up even higher.
The U.S. is reported to lead the world in extreme weather catastrophes, and their damaging impact on commercial property is also clobbering insurance companies, leading to staggering rises in the cost of premiums in vulnerable states.
There are 67 banks with CRE exposures greater than 300% of their total equity.
“They and, more specifically, their borrowers were walloped as interest rates spiked and commercial property markets turned against them.”
One investor has drawn more than $1.3 billion of its $1.55 billion unsecured credit facility since the beginning of 2023 following heavy redemption requests.
Legislation takes immediate effect, now includes condos, as well as some neighborhood protections.
For executives in commercial real estate, waiting for those rate cuts may prolong the uncertainty being felt in the market today.
There have been questions for a while by some at the Fed whether cutting rates would be wise.
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.
Sperry – RJ Realty
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