A Record Low Unanchored Retail Cap Rate

March 27, 2015

TAMPA, FL—With a record low cap rate for unanchored retail that some brokers say signals a recover, East Bay Plaza has trade hands. The Largo, FL retail center sold for $2.95 million in an all-cash deal. The sale price represents $283.63 per square foot.

Speciality fitness and food discover eager customer base in Jacksonville

Health-conscious consumers willing to shell out big bucks for specialty fitness training and apparel are creating a niche business boom in Jacksonville.

Shifting Strategies

In the retail world, getting deals done means finding the right strategy for the right client. Although the most influential factor in a transaction often comes down to the success of the area or the specific shopping center, Carrie Smith, a regional managing partner with Franklin Street, says class A retail space is increasingly hard to come by and tenants will bid aggressively to secure the right location.

Developer Grabs Rare Coral Gables Land

One of the few remaining pieces of prime developable land in Coral Gables has changed hands. And developers have a plan to build luxury townhomes aimed at empty nesters and retirees.

Perspectives: Elliot Shainberg

“Multifamily property investors are willing to accept lower returns in prime locations such as Coral Gables and Miami Beach, because they see these assets as hedges against inflation, as well as safe long-term investments. Weighing long-term appreciation potential in these areas, investors will accept returns in the 4%-5% range on a cash basis without financing. This is more attractive to them than where their money is currently invested.”