Over the past months the reported inventory of homes for sale in the South Florida market is very small, prices are rising and sellers are getting multiple offers above the asking price. Some buyers have never even viewed the home. These are facts which are true. Although these facts may be true they need to […]
Every time I make payments towards my retirement account I think about the stories of Bernie Madoff, MF Global and other investment schemes, where the investment money was “lost”. To date MF Global is missing roughly $1.6 billion, JP Morgan had trading losses of $2 billion and I’m sure there will be other horror stories. […]
We just finished our presentation of the 2012 Industrial Market Report for the Commercial Industrial Association of South Florida. For those that missed it or need more copies of the report they can be found HERE, under our CIASF Tab, or on the CIASF website. 2012 Industrial Report
Hello, I’m Roger Lopez and this is my first newsletter for the Dixon Magenheimer Sisler Report. Anthropology is the scientific study of humanity. It concerns itself with the biological and cultural evolution of our species. Generally it can be divided into four fields: biological anthropology, linguistics, cultural anthropology, and archaeology. The film character Indiana Jones […]
In Florida this is the time of year when property owners are notified of the amount of the real estate taxes to expect on the tax bill which will be sent the first of November. This notice know as a TRIM or “Truth in Millage” notice. For 2011 if proposed changes are adopted this should […]
By the end of June, I will no longer occupy an office at Madison Circle, 3191 Coral Way. The first of July, I will set up my new home office at Kings Creek South, near Dadeland. This same contact information will be valid, since I will receive my mail at the office on Coral Way […]
Did anyone notice that in November 2010 they received a real estate tax bill that showed that they were being assessed for less but being taxed for more? What’s up with that? Example 1 – Using North Bay Village Actual Millage Rates 2009 Market Value $500,000 x Millage Rate .0209155 = Taxes $10,458 2010 Market […]
In today’s office market in South Florida vacancy rates for most submarkets average 20% and over. This is especially true in “C” Class Buildings or below. Class “A” buildings are enjoying lower vacancies and less willingness by landlords to give excessive concessions to lure tenants. Concessions can take several forms; free rent, free parking, generous tenant improvement allowances, […]
NOW AVAILABLE: The official CIASF 2011 Industrial Market Report as presented by Tom Dixon for CIASF on Jan 14th at the Sofitel Hotel in Miami.
We’ve just returned from filing 1,875 real estate tax appeal petitions for the 2010 tax year. If you are still interested in protesting the assessed value of your property you can file a late petition with the Miami-Dade County Value Adjustment Board, by visiting the 17th Floor of the Government Center downtown or by visiting […]
What Is The 10% Non-Homestead Cap System? All properties that are not already protecting from increases of more than 3% per year under a Homestead Exemption are now benefiting from a 10% increase cap. The is a new state laws that set a 10% per year assessment increase cap in place for the assessed values […]
In Florida this is the time of year when property owners are notified of the amount of the real estate taxes to expect on the tax bill which will be sent the first of November. This notice know as a TRIM or “Truth in Millage” notice. In some cases, for the year of 2010 it […]
Question: My parents owned their home for many years and had Homestead Exemption. I’ve been living in my parent’s house and taking care of them in their last years. But last year they passed and when I inherited the house, the Homestead Exemption was lost and now the real estate taxes have tripled. What can I do? Answer: […]
by Tom Dixon Hopefully, now that we have passed through the dark time of not knowing what the financial future holds for us, it is time to consider how things can be better in the future. It seems to me that not too many years ago the belief was that if you have more, spend […]
On Thursday June 17,th we presented the 2010 South Florida Office Market Report. If you missed the presentation or want a copy of the printed report you can find it and all the previous report under the CIASF tab of our website.
We just added a PDF version of the CIASF’s 2010 Hospitality Report compiled by Guy Trusty to our CIASF page. Check it out.
For those of us involved in real estate for over 20 years, we have experienced cycles which seldom took more than 3-4 years to work out. This one is much different with few experts able to forecast a time to return to normalcy. It has been much more personal than the past because all of […]
Last week Andrew and I presented the 2010 Miami-Dade County Industrial Market Study to over 240 members of the Commercial Industrial Association of South Florida. This is 15th year we have reported on the industrial market conditions in South Florida. The Market Trends Section reported a growth in industrial space for the year of 2008 […]
As the Great Recession of 2008-2009 continues, its effects are felt in the commercial real estate market and submarkets of South Florida in the form of increased vacancies, lower rents, reduced income and cash flow to landlords and owners of investment properties. If landlords, owners and their leasing agents are not agile enough or willing […]
If you live in Florida and own property, you will receive a TRIM (Truth in Millage) notice in the next 4 to 6 weeks. This notice will give you an estimate of the real estate taxes that the property must pay, based on the assessment and millage rate. The assessment is established each year by […]
Last Friday, I attended with 130 other professionals the presentation of the Official 2009 Annual Miami Office Market Report by the Commercial Industrial Association of South Florida, (CIASF). Data for the report was based on information from Black’s Office Guide. The report was prepared and presented by my two able office mates, Tom and Andrew […]
THE UNDERWEAR FACTOR Now that the summer rains have started in South Florida it reminds me that there are cycles to the weather, life, financial markets and it seems everything around us. Three months ago we were commenting about the cool weather and when would it be warm enough to go swimming. Now the water […]
As an active real estate broker in South Florida the changes I have seen in the market for real estate are both upsetting and beneficial. The upsetting part began in 2005 and 2006 when money was so plentiful that almost any borrower could qualify for a loan. These borrowers realized that if they could purchase […]
Last week Andrew and I presented the 2009 Miami-Dade County Industrial Market Study to over 240 members of the Commercial Industrial Association of South Florida. This is 14th year we have reported on the industrial market conditions in South Florida. The Market Trends Section reported a growth in industrial space for the year of 2007 […]
Gary Sisler’s —-Holiday Thoughts Most of us have experienced seeing real estate recessions and bounce backs…but, this one seems more serious, perplexing and sobering. We would like to think that the savvy pundits would be more evident in hoisting warning flags. It seems to say that we are ill served by the press which has […]