Ep. 63 Amir Korangy: NY & South Florida Real Estate Investors Will Want to Know the Real Deal!

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3a2b8b6One of the hardest things for new investors is finding a current and accurate source of real estate information; a place to find up-to-date and informative data on market trends and conditions. Even for seasoned real estate investors, it is difficult to stay on top of market research.Thankfully for real estate investors in New York and South Florida, Amir Korangy has solved this problem.

A real estate investor himself, Amir Korangy began The Real Deal magazine in 2003. At first focusing only on New York real estate markets, The Real Deal has long since established itself as an authority on South Florida’s real estate markets as well. By providing current, informative and actionable real estate data on a variety of asset classes in both New York and South Florida real estate climates, The Real Deal has become a go-to source for real estate investors. This episode, Amir shares The Real Deal’s mission as well as his personal investing process and he gives tips to new real estate investors.

  • The Real Deal
    • New York and South Florida real estate news publication
    • Est. 2003 – Amir Korangy, Founder
    • Up-to-date market reports on variety of asset classes
    • Updates monthly with some specific day-to-day developments
  • Investing tips
    • Know your neighborhood or the area where you are looking to invest in
    • Familiarize yourself with the market; movements and trends
    • Due diligence is imperative
    • For beginning investors, buy within means
    • Don’t overthink a good investment – no such thing as the “perfect deal”

To find out about all of the The Real Deal’s services, visit their website www.therealdeal.com/miami (South Florida); www.therealdeal.com (New York)

Questions for Amir? He can be contacted through social media on LinkedIn and Twitter (@mrkorangy)

Ep. 55 – Brian Bandell: Update on the South Florida Real Estate Market

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3657aafSouth Florida has always been in a class apart from the rest of the state in terms of real estate development. The South Florida real estate market has lead the state in real estate investment and growth. Despite it’s ups and downs the South Florida real estate market has historically been a market indicator in terms of development and investment activity. South Florida’s unique positioning and heavy influence of foreign investment makes this market an interesting and dynamic one.

Brian Bandell is a senior journalist with the South Florida Business Journal covering real estate, transportation and logistics. For over a decade, Brian has served the South Florida business community. With an expert ear for news, Brian gives us a brief, but detailed overview of the South Florida real estate market and what is in store for future developments in the area.

  •  $7.5 billion in construction starts in Miami and South Florida
    • Condominium/Multi-family
    • Retail
  • Developers/Developments
  • South Florida economy driven by tourism and foreign investment
    • Heavily dependent on international markets
    • Strengthening of USD may adversely affect South Florida investments
  • Miami moving towards transit city
    • Metrorail connects major points in Miami
    • Metromover connects Downtown Miami
    • Trirail connects Miami to West Palm Beac
    • All Aboard Florida rail project will connect Miami to Orlando
  • Issues
    • Commuting is still difficult in South Florida for those who don’t live near transit stations or commute by car
    • Development in South Florida does not represent demographics
      1. Developments are for high-end/luxury spaces
      2. Middle-income bracket job growth not suited to high-end developments
    • Rapid rent increases
      1. Multi-family rent increases: 8.8% in Miami-Dade, 7.1% in Broward and 5.8% in Palm Beach
      2. Weekly wage increase: 2%

To find out more about Brian’s work with the South Florida Business Journal visit their website

In addition to his journalistic successes, Brian is also a published author of fiction! Look for his books on Amazon

 

Ep. 52 – Real Estate Development is a Big Part of All Aboard Florida Rail Project

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john_guitar_final_3-24-2015For those who haven’t heard, All Aboard Florida is a high-speed rail project connecting Miami and Orlando via Fort Lauderdale and West Palm Beach. The project is slated for public use in 2017.

The project will have a major impact on transit in South Florida and Central Florida. The rail project will also have a profound effect on real estate development in the state. John Guitar, Senior V.P. of Business Development discusses All Aboard Florida’s interests in stations and transit-oriented real estate development.

  • 4 million sq. ft. rail transit
    • Miami
    • Orlando
    • Ft. Lauderdale
    • West Palm Beach
  • Utilizing privately owned space in F.E.C. “Flagler Corridor”
  • High-speed Transit
    • 79-110 mph
    • 125 mph (with no grade crossings)
  • Miami
    1. Retail
      1. 200k sq. ft. real estate development for Downtown Miami Station
      2. Servicing local and commuter traffic
    2. Office
      1. 2 Developments planned: 200k sq. ft. & 100k sq. ft.
      2. Accessible locations for commuters
  • Ft. Lauderdale / West Palm Beach
    • Several retail and residential plans in works for future development

To contact John with questions regarding All Aboard Florida’s real estate development and leasing opportunities or to find out more about the project visit the project website www.allaboardflorida.com

www.miamicentral.com

All Aboard Florida – Economic Story