Between Two Chairs - Demystifying Commercial Real Estate

Michelle Sadeghy, Director of Energy Tax Credits & Incentives at Kaufman Rossin , a CPA and Advisory firm discusses how to increase your bottom line with the Energy Efficient Commercial Building Tax Deduction, also known as 179D.

"Where New York has a sheer volume of restaurants and Los Angeles has a health-conscious flair, Miami has a standout personality of its own, one that has proven to be the most exciting of all. Miami is still considered a young city, which means it is continually evolving and pushing boundaries. The attention hasn’t gone unnoticed; the city is attracting everyone from the world’s most talented chef...

There are 3 main timeframes in a contract where negotiation takes place: Negotiating the initial terms of the deal. Once buyer and seller agree, the contract is executed. Before the end of the due diligence period. Sometimes things come up during this time and buyer may feel like original price needs to be renegotiated based on findings. Before the end of the financing period. If the contract is d...

We love to nerd out with the demographics of an area after we walk it. Who lives there, what do they do for a living, where do they spend their money, what do they do for fun? Doing a deep dive into a neighborhood with RPR and Esri' s tapestry segmentation gives you a 3D picture of the community and helps to pinpoint the best locations for businesses and investors.

If you want to specialize as a tenant rep or are a retail owner, canvas those small business brands that you know, love, and frequent. It is along the lines of Warren Buffet's invest in what you know philosophy and also makes it easier to do what you love. It is hard to sell something that you don't know or believe in. Pull up a chair and get insights in how Michelle Gonzalez tenant reps brands sh...

Nothing, we just wanted to go the spa.....just kidding! Of course it has to do with CRE. Whereas spas used to be mostly found in hotels, the focus on health and wellness has resulted in a proliferation of day and med spas into the retail sector over the last 5 years. From franchises like Massage Envy and Hand and Stone to facial and med spas like Sana and Proesens, these small businesses are curre...

Real estate showdown might seem a bit dramatic, but given all of the chatter about residential agents by commercial agents, we thought it was appropriate. A real estate license is a real estate license. There is no commercial real estate license or residential real estate license (much to the displeasure of commercial brokers). That being said, they are two completely different specialty areas wit...

In this episode we discuss the personal guaranty and early termination clauses in commercial leases. A personal guaranty is fairly common in a lease as it ensures a landlord that a tenant has some skin in the game. What isn't as common is an early termination clause. What are some of the pitfalls, opportunities, and alternatives to these clauses? Tune in to find out and remember, terms are negotia...

Jose Maria Serrano is known to eveyone as Chepe. Chepe embodies entrepeneurship, collaboration and leadership. Learn more about his story getting started in commercial real estate and his leadership roles in a variety of associations. One of the great things about CRE is that there are so many different paths to success in this diverse industry. "We're here to make friends and through those friend...

We resume our kindergarten series with Dr. Seuss' Oh The Places You'll Go , which offers great lessons for anyone, but especially real estate brokers that are just starting out with commercial real estate. This is a great book for giving you a glimpse of the commercial real estate business, obstacles you will face, the mindset you will need, and how to overcome feeling uncomfortable.

In this episode we do a dive into local CRE numbers with economist Scholastica "Gay" Cororaton. Job growth, demographics and economics all affect CRE, but not the same way in all markets. This market is chugging along in spite of interest rates, but the high cost of borrowing is still putting a lot of pressure on owners and investors. Sale of core commercial assets went up eventhough overall sales...

May is National Walking Month, so we are ending the month with an episode on walkability. Miami has become a 15 minute city in the last couple of years, in large part thanks to the walkability of many of it's cities and neighborhoods. Density, amenities and ease of mobility are just some of the insights a walkability score can reveal. Pull up a chair and take a deeper dive into how to use this met...

It has been said that appraisals are an art not a science, but why? A lot of science (data) goes into an appraisal but so does the personal experience and opinions of the appraiser (the art). Commercial real estate appraisals are even more of an art because of the uniqueness of so many commercial properties.

People who buy and sell real estate almost always ask about the cap rates, but a lot of them also know that, contrary to what the mainstream public thinks, properties with low cap rates can often be excellent deals!

I know we did interviews back to back, breaking from our regular formatting, but with Formula 1 speeding into town this weekend, we just had to interview the amazing Miami Gardens Councilwoman Linda Julien and talk about how Miami Gardens and Miami-Dade County worked together to bring this world class event to South Florida. The F1 Grand Prix boosted the local economy by $449 Million in 2023. Does...

With some notable exceptions, commercial real estate agents have been slower at jumping on social media than residential ones. That is a huge opportunity for cre agents to carve out an audience. Ines Hegedus Garcia was a very early adopter of social media and her Miamism brand has grown as a result of her work and authenticity. Join us as we dive into the do's and dont's of social media, great Ins...

Woo hoo! Thank you for joining us on our anniversary episode as Fernando and I go through the highlights of some of our interviews. Thank you for joining us on this journey. We look forward to continuing to demystify commercial real estate and highlight the South Florida CRE market.

Our guest this week is Antonio 'Tony' Puente, CCIM with Fairchild Partners. Tony has a lot of experience selling and leasing film, television, and radio studios, a hyperspecialized commercial real estate niche. He currently has Spanish Broadcasting System - HQ Building and MEGA TV - Broadcasting Center for sale at 7007 NW 77 Ave. In addition to having a cool address and being in the hot Airport We...

The Miami International Film Festival starts tomorrow, April 5 and runs through Sunday, April 14. Local commercial venues benefit by filling up hotel rooms, restaurants, theaters, and other venues where films are screened, parties are thrown, and lectures are given. Well known movies and TV shows filmed in Miami , including Academy Award winning Moonlight . Film and TV studios lease and own a lot...

We can't think of a better way to celebrate our 50th episode, small business month, and women's history month, than to summarize (and relive!) the Women's Real Estate Investment Summit.

Renting a space for a franchise location? Buying a franchise business? Selling a franchise? During our interview with Reda, we go through her journey as a franchisee to a specialist in this field. She discusses the benefits of owning a franchise, working with franchisees, leasing to a franchisee as well as how to speed up the process of buying or selling an existing franchise.

Working with small businesses is one of the most satisfying aspects of real estate. Helping someone pursue the dream of entrepreneurship while at the same time bringing new companies into a community is incredibly rewarding, but can also prove to be challenging. To help minimize the challenges and maximize the potential of success, we dive into how to prepare a business for their real estate searc...

March is Small Business Month, so we are focusing on small businesses! How to start one, how to work with them, and how to sell them. Today's episode is an overview of the impact small businesses have on the economy as a whole as well as on the state and local level here in South Florida.

As an asset class, multifamily is often called the gateway to real estate investing and commercial real estate brokerage because it is still residential in nature and most people understand the basics of residential living. Although duplex, triplex, and fourplex are the most common starting point for smaller investors, multifamily is usually considered anything that is 5 units or larger. In this e...

The South Beach Wine and Food Festival starts today, February 22 and runs through the Sunday, the 25th. Fernando and I are huge fans of everything food & beverage and this event shines a light on our South Florida culinary community. In addition to highlighting local chefs and trends, 100% of the proceeds go to FIU’s Chaplin School of Hospitality and Tourism .  We are eternally grateful t...