A project including retail was planned in the AG Reserve land at Boynton Beach Blvd. & 441 but met fierce opposition fm residents & is being scaled back. It was supposed 2 have a Costco but unknown where things stand now
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Speaking of malls, they have become mirrors of the U.S. economy. Malls in affluent areas are thriving while malls elsewhere are struggling.
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The largest mall owner in the U.S., Simon, warns of lots of retailers heading to bankruptcy. No one knows this better than they do, as they are privy to all of their tenants sales numbers.
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Let’s make it a hattrick! Software analytics firm Palantir also just traded their HQ fm Denver to Miami! They instantly become Florida's most valuable public company and might draw other AI companies to the region.
#RosenfeldRealtyAdvisors #CommercialRealEstate #FL #HappyMonYAYEverybody #BackAtIt
Global hospitality investment firm Trinity Investments has also moved its HQ to Miami.
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Publicly traded GFL Environmental has moved its executive HQ from Canada to Miami! Great move and much better weather!!
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Happy MonYAY everybody!! Back to office! Since the sector finally hit pricing bottom sales have been really picking up and lifting the investment sales market in general.
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The multifamily market is splitting in two, much like the economy of the U.S. On one side is the luxury market which is on fire. Then there is the other side for the lower and middle classes, which is struggling mightily.
#RosenfeldRealtyAdvisors #CommercialRealEstate #FL #HappyMonYAYEverybody
Speaking of West Palm Beach, if Jeff Greene can complete 550 Quadrille by December 2027 the city will add another 328 apartments.
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West Palm Beach had long struggled with new development as compared with their neighbors. Those days are over and it is on fire now, with 8 luxury condo projects under construction. New units are priced fm $1.5 - $10 million.
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Happy MonYAY!! Today we go with multifamily! Young people are almost entirely forced to rent housing. Now the high prices are preventing them from doing all kinds of things in life, which is very sad.
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This is the craziest AI story I have ever read!! I encourage all of you to read this, it could be any of us these days. I promise it will be worth it!
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A data center was planned for Wellington but fierce resident opposition forced the issue to be delayed. You know we will be keeping a close eye on this one!
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AI is still learning and improving. Sounds like it can be taught to create cyberattacks, thanks to the experimentation of a Chinese spy group. This opens up a whole new level of criminal possibilities.
#RosenfeldRealtyAdvisors #CommercialRealEstate #FL #HappyMonYAYEverybody
Today let’s discuss AI! AI can do lots of things but 1 thing it doesn’t seem to do well is respect copyrights & privacy laws. As a result there are alot of lawsuits against it like this $10 BB lawsuit fm 9 regional newspapers.
#RosenfeldRealtyAdvisors #CommercialRealEstate #FL #HappyMonYAYEverybody
Here is an industrial head scratcher. Kroger, who was rightly lauded for their industry leading automated fulfillment warehouses, is now closing some of them to focus on third party delivery and stores.
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What about Toyota, who is investing $13.9 billion dollars to build a battery plant in North Carolina? They are also pledging to invest another $10 billion dollars in the U.S. over the next 5 years.
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Huge investments in the U.S. from industrial companies keep getting announced. This time it is from Stellantis, the automaker is investing $10 billion dollars.
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Happy MonYAY!! Today is the perfect day to discuss industrial real estate!! The data center boom is basically the economic growth in the U.S. this year. Where would we be without AI?
#RosenfeldRealtyAdvisors #CommercialRealEstate #FL #HappyMonYAYEverybody
The Sundy Village project in Delray Beach is finally done, you can see all the details on it here! It's a very interesting and exciting project at the entrance to Downtown Delray Beach!
#RosenfeldRealtyAdvisors #CommercialRealEstate #FL #HappyMonYAYEverybody
Brightline is really making an effort to win back the customers they lost by aggressively cutting fares. Will it work or is it too late? We will see, I have my doubts.
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The long delayed “tent site” in West Palm Beach will be delayed even further thanks to the developer declaring bankruptcy, a growing trend these days. They have been trying to get a deal done there for 30 years!
#RosenfeldRealtyAdvisors #CommercialRealEstate #FL #HappyMonYAYEverybody
Happy MonYAY!! Today let’s look at some interesting and important news happening in South Florida now. Miami Dade Sheriff’s office is deploying the U.S.’s first autonomous patrol vehicle in a 12 month pilot program.
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Right now retail is the preferred investment out there, even as consumer spending is waning.
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Even though online holiday sales numbers are down, they are still going to set a new record this year at $253 billion dollars.
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Speaking of store closures, even profitable companies like Starbucks are closing stores. How about closing 434 alone in the 3rd Quarter?? It is true.
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Happy MonYAY!! Retail today! After a lot of ups and downs, Rite Aid has finally shuttered all of their remaining 1,250 stores. It is surprising they weren’t sold to another company. I wonder if they will come back?
#RosenfeldRealtyAdvisors #CommercialRealEstate #FL #HappyMonYAYEverybody
I was very happy to see that after being closed for 4 years for a $20 million dollar renovation that Mai Kai has finally reopened in Ft. Lauderdale. The place was founded in 1956.
#RosenfeldRealtyAdvisors #CommercialRealEstate #FL #HappyMonYAYEverybody
Broward County becomes the last county in the state to allow virtual inspections, which will save people a lot of time and money!
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In response to public opposition, Boca Raton has scaled pack their city hall redevelopment project. Sounds like it is much improved but still not approved yet.
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