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The CoStar Commercial Repeat-Sale Indices (CCRSI), produced by CoStar Group, found that investment-grade property continued to decline in value for the second straight month in July. Properties of sufficient quality and size for inclusion in large institutional portfolios saw their value decline by 5.05% during the month following a similar dip in June. The cumulative drop [...]

Tervis Tumbler, Sarasota’s famous, insulated drinking-glass maker, has shelled out $527,800, or $150,800 per acre, for 3.5 acres in the Triple Diamond Commerce Plaza on Hostetler Court in Nokomis.
Prior to this sale, Triple Diamond Commerce Plaza LLC, a Venice company that lists Bill J. Morse as its manager, had not sold any land in [...]

Real-estate funds saddled with tens of billions of dollars of boom-time properties are beginning to get some relief from Wall Street firms and other investors hoping to capitalize on their need for cash.
Opportunistic investors are buying stakes in troubled funds at steep discounts or lending the funds money in deals that give them a steady [...]

Make up your own mind, but know the facts: check out florida2010.org for more information.

Commercial real estate lender Walker & Dunlop reports it originated the largest Department of Housing and Urban Development (HUD) portfolio of commercial-backed securities since 2005. The loans, a total of $162.m, are financing a 16-property, 2,088-bed portfolio of skilled nursing facilities in Florida.
“This opportunity was a complicated portfolio transaction,” said senior vice president and group head [...]

19,000 Square-Foot Multi-Tenant Space in Parrish, Fla. Sells for More Than $2.8M
Despite continued concern about and very little movement within the Florida commercial real estate market, Manatee County’s largest retail real estate sale of the year was recently completed.
The final July 22 sales transaction for Allris Plaza, located at 8320 U.S. 301 North in Parrish, [...]

Florida real estate agents on Monday were awarded one of the first major settlements with the $20 billion Gulf Coast Claims Fund, which just transferred from BP to federal appointee Kenneth Feinberg.

Florida Realtors — the former Florida Association of Realtors — negotiated $16 million from the fund to compensate agents for lost sales and broken [...]

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Amendment 4’s Impact on Our Economy
Study: “Amendment 4’s passage will have potentially devastating consequences…”
A comprehensive economic report on Amendment 4 indicates that this measure will mean fewer jobs and higher costs for all of Florida’s working families. “An estimated 267,247 high-wage jobs for Florida residents are at risk directly or indirectly [...]