Lance Cornell, P.A.’s Post

Mall deals down 46% #TuesdayCRE #CommercialRealEstate #CommercialDebt #CommercialInsurance In retail, the category volume was down by 22.9% year-over-year. Sales were down 6% from the first quarter. Strip centers had the smallest drop, being only -7%. Net-lease trades plunged 22% and mall deals fell by 46%. One reason for the strip center position is a lack of new supply, which Green Street called a comparative "notable tailwind" compared to other property types. The top five largest growth markets were San Francisco, CA (+228.8%); Fort Lauderdale, FL (+75%); Tampa-St. Petersburg (+59.6%); D.C. Metro (+49.6%); and Orange County, CA (+35.3%). The five worst-performing metro markets for retail were Philadelphia, PA (-60%); Dallas/Fort Worth, TX (-43.6%); Houston, TX (-42%); San Diego, CA (-27.8%); and Atlanta, GA (-22.9%). #SourcingAndSelling #SellingAndSourcing #Retwit #2024 ~ If you have real estate, and you are willing to entertain offers, have debt to refinance, or in need of insurance for your properties, reach out to me with the details: Lance@RealtyByLance.Com 305.203.2070 ~ Contact Us for Commercial Investments, Financing and Insurance. ~ Multifamily, Industrial, Hotels, Office, Retail, Development Sites, Plus. #ListWithLance #LanceLoans #LetLanceInsureYou #CRE #Owners #InvestmentProperties #Multifamily #Industrial #Hospitality #Retail #Development #Construction #Commercial #CommercialTransactions #CommercialFinance #CommercialInsurances #CommercialTitleAndClosing #CommercialProp ~ https://lnkd.in/djEgNKcD

#SourcingAndSelling Retail CRE. #2024NewOfferings #HappyMondayCRE #RetailCRE #CommercialRealEstate #CommercialFinance #CommercialInsurance #SellingAndSourcing #Sourcing365in2024 ~ If you have real estate, and you are willing to entertain offers, have debt to refinance, or in need of insurance for your properties, reach out to me with the details: Lance@RealtyByLance.Com 305.203.2070 ~ Contact Us for Commercial Investments, Financing and Insurance. ~ Multifamily, Industrial, Hotels, Office, Retail, Development Sites, Plus. #CRE #Owners #InvestmentProperties #Multifamily #Industrial #Hospitality #Retail #Development #Construction #Commercial #CommercialTransactions #CommercialDebt #CommercialInsurances #CommercialTitleAndClosing #CommercialPropertyManagement #RON #RealtyByLance #EverythingLance #Miami #MusicByLiqwyd ~

#FluxArchitects #TheBest #OnSite #Florida #Miami #Architecture #Development #InvestmentProperties #CommercialRealEstate

Mortimer, we're back. #FridayCRE #CommercialInsurance #CommercialDebt #CommercialRealEstate CRE mortgage originations, for both commercial and multifamily properties, in 2024 Q2 were up 3% year-over-year and 27% over the first quarter, according to the Mortgage Bankers Association's Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. Measured year-to-date, the growth was 2%. Last year in the same quarter, Q1 to Q2 growth was 23%, while the year-over-year rise from 2022 was -53%. The year-to-date comparison to 2022 was -54%. #SourcingAndSelling #SellingAndSourcing #Retwit #2024 ~ If you have real estate, and you are willing to entertain offers, have debt to refinance, or in need of insurance for your properties, reach out to me with the details: Lance@RealtyByLance.Com 305.203.2070 ~ Contact Us for Commercial Investments, Financing and Insurance. ~ Multifamily, Industrial, Hotels, Office, Retail, Development Sites, Plus. ~ https://lnkd.in/gcZrYxj7

Big Lease. #ThursdayCRE #CommercialRealEstate #CommercialDebt #CommercialInsurance The king of e-commerce has expanded again with another warehouse lease over 1 million square feet in Southern California. Amazon (AMZN) signed a new lease for nearly 1.2 million square feet of Class A industrial space in the Inland Empire with CapRock Partners. #SourcingAndSelling #SellingAndSourcing #Retwit #2024 ~ If you have real estate, and you are willing to entertain offers, have debt to refinance, or in need of insurance for your properties, reach out to me with the details: Lance@RealtyByLance.Com 305.203.2070 ~ Contact Us for Commercial Investments, Financing and Insurance. ~ Multifamily, Industrial, Hotels, Office, Retail, Development Sites, Plus. #ListWithLance #LanceLoans #LetLanceInsureYou #CRE #Owners #InvestmentProperties #Multifamily #Industrial #Hospitality #Retail #Development #Construction #Commercial #CommercialTransactions #CommercialFinance #CommercialInsurances #CommercialTitleAndClosing #CommercialProperty ~ https://lnkd.in/gpGtxdZG

$95M for FL Industrial. #WednesdayCRE #CommercialRealEstate #CommercialDebt #CommercialInsurance IP Capital Partners is gearing up for its next wave of acquisitions, with a focus on distressed and value-add commercial properties, after completing the initial closing of IPCP Florida Realty Value Fund IV LP. The initial closing yielded $95.4 million in equity to target industrial and office assets in the southeastern U.S., with an emphasis on Florida. The firm aims to increase the fund size to $125 million over the next 12 months. Through joint ventures and leverage, IP Capital plans to acquire over $900 million worth of real estate in its target geography and asset classes. #SourcingAndSelling #SellingAndSourcing #Retwit #2024 ~ If you have real estate, and you are willing to entertain offers, have debt to refinance, or in need of insurance for your properties, reach out to me with the details: Lance@RealtyByLance.Com 305.203.2070 ~ Contact Us for Commercial Investments, Financing and Insurance. ~ Multifamily, Industrial, Hotels, Office, Retail, Development Sites, Plus. #ListWithLance #LanceLoans #LetLanceInsureYou #CRE #Owners #InvestmentProperties #Multifamily #Industrial #Hospitality #Retail #Development #Construction #Commercial #CommercialTransactions #CommercialFinance #CommercialInsurances #CommercialTitleAndClosing #CommercialProp ~ https://lnkd.in/gKXGcewa

$1B for Industrial. #TuesdayCRE #CommercialRealEstate #CommercialDebt #CommercialInsurance Dermody Properties has closed its fourth commingled fund, raising $1.043 billion in capital commitments. This latest fund, Dermody Properties Industrial Fund IV (DPIF IV), nearly matches the $1.065 billion raised for its predecessor, DPIF III. The fundraising success of DPIF IV was in large part due to the high level of investor retention and new interest it has attracted. Every existing investor from DPIF III recommitted to the new fund, while two investors from DPIF II returned, and four new investors joined the fold. This investor base spans public and corporate pension funds, insurance companies, and other institutional investors from the United States, Canada, and Europe. DPIF IV's primary objectives are acquiring and developing logistics facilities in infill locations across the US with a focus on value-add single-asset and portfolio investments. #SourcingAndSelling #SellingAndSourcing #Retwit #2024 ~ If you have real estate, and you are willing to entertain offers, have debt to refinance, or in need of insurance for your properties, reach out to me with the details: Lance@RealtyByLance.Com 305.203.2070 ~ Contact Us for Commercial Investments, Financing and Insurance. ~ Multifamily, Industrial, Hotels, Office, Retail, Development Sites, Plus. #ListWithLance #LanceLoans #LetLanceInsureYou #CRE #Owners #InvestmentProperties #Multifamily #Industrial #Hospitality #Retail #Development #Construction #Commercial #CommercialTransactions #CommercialFinance #CommercialInsurances #CommercialTitleAndClosing #CommercialProp ~ https://lnkd.in/exZuNBgc

#SourcingAndSelling Industrial CRE. #2024NewOfferings #HappyMondayCRE #IndustrialCRE #CommercialRealEstate #CommercialFinance #CommercialInsurance #SellingAndSourcing #Sourcing365in2024 ~ If you have real estate, and you are willing to entertain offers, have debt to refinance, or in need of insurance for your properties, reach out to me with the details: Lance@RealtyByLance.Com 305.203.2070 ~ Contact Us for Commercial Investments, Financing and Insurance. ~ Multifamily, Industrial, Hotels, Office, Retail, Development Sites, Plus. #CRE #Owners #InvestmentProperties #Multifamily #Industrial #Hospitality #Retail #Development #Construction #Commercial #CommercialTransactions #CommercialDebt #CommercialInsurances #CommercialTitleAndClosing #CommercialPropertyManagement #RON #RealtyByLance #EverythingLance #Miami #MusicByLiqwyd ~

Not just property. #FridayCRE #CommercialInsurance #CommercialDebt #CommercialRealEstate In July, a global IT outage had a significant impact on business interruption insurance policies, overshadowing the effects on cyber insurance coverages. “This incident wasn’t a result of a malicious attack, which is why typical cyber insurance policies may not have been activated,” explained Peter McMurtrie, a partner in West Monroe’s insurance sector, in an interview with PropertyCasualty360.com. #SourcingAndSelling #SellingAndSourcing #Retwit #2024 ~ If you have real estate, and you are willing to entertain offers, have debt to refinance, or in need of insurance for your properties, reach out to me with the details: Lance@RealtyByLance.Com 305.203.2070 ~ Contact Us for Commercial Investments, Financing and Insurance. ~ Multifamily, Industrial, Hotels, Office, Retail, Development Sites, Plus. ~ https://lnkd.in/g3BnRbDA

Concessions up. #ThursdayCRE #CommercialRealEstate #CommercialDebt #CommercialInsurance The multifamily construction boom is helping to soften rent growth, according to new data from Zillow. With more new multifamily units completed in June than in any month since the 1970s—nearly 60,000—more property managers offered concessions to renters in July as rent growth slowed. #SourcingAndSelling #SellingAndSourcing #Retwit #2024 ~ If you have real estate, and you are willing to entertain offers, have debt to refinance, or in need of insurance for your properties, reach out to me with the details: Lance@RealtyByLance.Com 305.203.2070 ~ Contact Us for Commercial Investments, Financing and Insurance. ~ Multifamily, Industrial, Hotels, Office, Retail, Development Sites, Plus. #ListWithLance #LanceLoans #LetLanceInsureYou #CRE #Owners #InvestmentProperties #Multifamily #Industrial #Hospitality #Retail #Development #Construction #Commercial #CommercialTransactions #CommercialFinance #CommercialInsurances #CommercialTitleAndClosing #CommercialProperty ~ https://lnkd.in/eztpDkeA