Download | Vision into the Market_Issue 25
As we move through late September, transaction velocity across South Florida service retail is accelerating.
We just released Issue 25 of Vision Into the Market, highlighting major deal momentum, upcoming retail listings, and team culture:
KEY HIGHLIGHTS FROM THIS ISSUE:
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FED RATE HIKE (+25 BPS): The Federal Reserve raised benchmark interest rates 25 basis points to a target range of 3.75% to 4.00% on September 16. Learn what this means for South Florida debt coverage, cap rate pricing, and Q4 refinancing pressure.
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HOT MARKET LAUNCH | Powerline Shopping Center (Ft. Lauderdale): Our official launch of this 14,600 SF multi tenant retail plaza (7.0%+ in place cap rate) generated nearly 10 offers in its very first week on the market!
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VIDEO WALKTHROUGH: Watch Elon’s Instagram video walkthrough of the asset directly on our social channels.
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~$30M IN SEPTEMBER CLOSINGS: Our desk is officially rounding out the month closing two major shopping centers totaling nearly $30,000,000, proving that private capital is aggressively competing for stabilized South Florida infill dirt.
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UPCOMING PIPELINE: Preparing to bring several new unanchored retail centers in the Greater Fort Lauderdale MSA to market in the coming weeks.
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VISION FAMILY MILESTONE: Celebrating co-founder Adam Klein and his wife on the arrival of their new baby boy!
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COMMUNITY LEADERSHIP: Team updates including local synagogue security volunteering ahead of the High Holidays and Elon coaching the West Boca Eagles basketball team to a 1 and 1 start.