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'Horizontal Hotel' Concept Coming to Central Florida

Orlando, with over 59 million visitors annually, has always been an innovator in providing vacation accommodations. Read More »

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Harbor Place at Safety Harbor, The Jewel of Tampa Bay

The town of Safety Harbor is a secret little hideaway known as the Jewel of Tampa Bay. Safety Harbor is neighbored by the major city of Clearwater, Florida. Read More »

Regional Real Estate News

Last Updated September 22, 2014 9:01 PM ET
North America

Orlando, with over 59 million visitors annually, has always been an innovator in providing vacation accommodations.

According to Florida Realtors, Florida's housing market reported higher median prices and rising inventory in August 2014. Closed sales of single-family homes statewide totaled 21,594 last month, up 4.2 percent over the August 2013 figure.

According to CBRE's latest OccupierView report, which analyzes the nation's office markets from the tenant perspective, is approaching a tipping point in several major U.S. cities in favor of some landlords.

According to the National Association of Realtors (NAR), after four consecutive months of gains, existing-home sales slipped in August 2014 as investors paying in cash retreated from the market.

According to STR, the U.S. hotel industry recorded positive results in the three key performance measurements during the week ending September 13, 2014.

Who knew that some of the finest hotels in the world have been the sites of filming for some of the finest movies in the world (and, perhaps, some of the worst, as well!)?

This week All Aboard Florida announced that CBRE and Blanca Commercial Real Estate have been selected as the exclusive retail and office leasing agent for MiamiCentral, South Florida's first urban and mixed-use transit-oriented development.

According to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, multifamily production dropped 31.7 percent in August, causing housing starts nationwide to fall 14.4 percent to a seasonally adjusted annual rate of 956,000 units.

Last Updated September 3, 2014 12:10 PM ET
Latin America

According to the July 2014 STR Construction Pipeline Report, the Caribbean and Mexico hotel development pipeline comprises 167 hotels totaling 28,140 rooms.

According to the July 2014 STR Global Construction Pipeline Report, Central and South America's combined hotel development pipeline comprises 384 hotels totaling 62,958 new rooms.

In a world of ever-increasing work demands, hours at the office, balancing a family life and being over-connected by smart phones, computers, emails, texts and social media in order to 'have it all', it seems people are becoming more stressed than before.

According to the June 2014 STR Global Construction Pipeline Report, the Central and South America hotel development pipeline comprises 400 hotels totaling 65,479 rooms.

STR Global is reporting hotels in Brazil have experienced declines in revenue per available room as they prepared to host the FIFA World Cup, which began this week.

The real estate market in Costa Rica is displaying signs of significant interest towards pre-built construction of coastal gated communities while pressure rises from competing markets such as Panama.

The Costa Rica real estate market saw a significant turn-around in 2013 after setting a record in international arrivals in 2012 with over two million landing on its sunny shores.

STR Global reported this week that hotels across the Americas region recorded positive results in the three key performance metrics.

Last Updated September 18, 2014 10:25 AM ET

German banks intend to invest hundreds of millions of euros in Dutch rented housing, according to a Capital Value survey among 40 of Germany's largest banks.

According to the August 2014 STR Global Construction Pipeline Report, the Europe hotel development pipeline comprises 894 hotels totaling 142,704 rooms.

Besides being a tax-haven and playground of the world's rich and famous for decades, Monaco will soon have a new title: home to the world's most expensive condo.

According to CBRE, price movements in the U.S., coupled with improving prospects overseas, have led U.S.-based investors to increase their commercial real estate acquisitions in Europe by 75% year-over-year.

Based on recent estimates from Cushman & Wakefield's Corporate Finance team, European banks and asset management agencies have a gross exposure of $770 billion (€584 billion) to non-core real estate which is subject to disposal or work-out strategies.

The Fairmont St. Andrews Hotel and Golf Resort based in Scotland has been sold for approximately £32.4m ($54,000,000 USD) to Kennedy Wilson Europe Real Estate Plc, says CBRE Hotels Group, who handled the transaction.

Portugal property brokers are now reporting an increasing amount of attention from British investors looking to put their pounds into property.

Retail real estate investment in Europe enjoyed a strong quarter as the Q2 volume reached €9.6bn, up 86% from the Q2 2013 volume of €5.2bn.

Last Updated September 22, 2014 10:21 AM ET
Middle East and Africa

In the fall of 2015, The Residences at W Tel Aviv - Jaffa is set to become the centerpiece of the extensive preservation and redevelopment project currently underfoot in Jaffa's ancient city

Tourism Development & Investment Company (TDIC), the master developer of major tourism, cultural and residential destinations in Abu Dhabi, revealed today the first residential development in the Saadiyat Cultural District.

According to Cluttons' annual 2014 UAE Property Report, the UAE's residential property market has experienced improved stability during the first six months of 2014, with the rate of expansion steadying.

According to STR Global, hotels in Dubai performed nearly in sync during Ramadan 2014 compared with Ramadan 2013. The shift of Ramadan impacts travel patterns which in turn affected overall hotel performance in Dubai and across the entire United Arab Emirates.

According to the July 2014 STR Global Construction Pipeline Report, the Middle East-Africa hotel region reported 630 hotels under contract totaling 147,754 rooms.

The real estate market of the UAE has successfully managed to carry its confident performance into H1 of 2014.

According to global property advisor CBRE Group, Middle Eastern investors are expected to spend over $180 billion in commercial real estate markets outside of their own region over the next decade.

Bahrain's retail market has remained the best performing sector in the commercial market, with developers capitalizing on the buoyant demand for retail schemes in Manama.

Last Updated September 9, 2014 8:47 AM ET
Asia Pacific

Megaworld, a large residential and commercial property developer in the Philippines, has announced that it is to develop McKinley West - an ultra-high-end township on a 34.5-hectare former JUSMAG (Joint US Military Assistance Group) property in Fort Bonifacio

According to Cushman & Wakefield, multinational companies (MNC) are increasingly investing in purchasing offices in India and China.

Will one of the world's oldest and largest fish markets turn into American style casino resort? This thought must have recently been on people's minds when locals heard of the possibility.

According to a new report by property portal Lamudi, women in emerging countries including the Philippines, Bangladesh and Mexico are dispelling the myth that men drive the house-hunting process in these regions.

According to STR Global, hotels in the Asia Pacific region experienced mostly positive results during July when reported in U.S. dollars.

China's property market saw a further decline of property prices in July, the third consecutive monthly decline in 2014.

As a veteran travel writer of over 25 years, here are my Top 10 hotel rooftop bars around the world!

According to the June 2014 STR Global Construction Pipeline Report, the Asia Pacific region reported 2,313 hotels under contract comprising 519,718 rooms.

Real Estate Dashboard
U.S. Housing Stats May. 2014 June. 2014
Existing Home Sales (Annualized Rate) 4.89m 5.04m
Existing Home Prices (Median) $213,400 $223,300
Existing Home Inventory (all U.S.) 2.28m 2.3m
Existing Home Supply (Months) 5.6 5.5
New Home Sales (Annualized Rate) 504,000 406,000
New Home Prices (Median) $282,000 $273,500
New Home Inventory (all U.S.) 189,000 197,000
New Home Supply (Months) 4.5 5.8
Building Permits (Single Family) 615,000 631,000
Housing Starts (Single Family) 632,000 575,000
Housing Completions (Single Family) 687,000 586,000
Pending Home Sales Index (PHSI) 103.8 102.7
Home Builder Confidence Index (HMI) 49 53

Source: NAR & U.S. Commerce Department

U.S. Foreclosure Stats May. 2013 June. 2014
Residential Filings 109,824 107,194
Year Over Year % Change 26.0% 16.0%

Source: RealtyTrac

Global House Price Index (Q2, 2014)

Country Annual Price Change Quarterly Change
1. Jakarta 27.3% 1.2%
2. Dublin 23.5% 2.1%
3. New York 18.4% NA
4. Los Angeles 17.8% 5.6%
5. Miami 17.2% NA
6. Beijing 13.2% 1.2%
7. San Francisco 12.5% 3.4%
8. Sydney 10.9% 1.0%
9. London 8.1% 2.3%
10. Tel Aviv 7.8% 0.6%
11. Vancouver 6.5% 2.0%
12. Bangkok 6.4% 0.0%
13. Dubai 6.3% 1.0%
14. Bengaluru 5.5% 3.0%
15. Shanghai 4.8% -0.6%
16. Madrid 4.3% 0.4%
17. Nairobi 4.0% 0.3%
18. Vienna 3.8% 0.2%
19. Kuala Lumpur 3.1% 0.0%
20. Monaco 2.9% 0.0%
21. Cape Town 2.5% 1.0%
22. St. Petersburg 2.3% 0.0%
23. Delhi 1.8% 0.6%
24. Moscow 0.9% 1.2%
25. Mumbai 0.8% 0.5%
26. Tokyo 0.1% 4.4%
27. Rome 0.0% 0.0%
28. Zurich -0.3% 0.0%
29. Paris -2.5% -3.0%
30. Hong Kong -2.9% -0.2%

Source: Knight Frank

U.S. Office Market Current Qtr.
(Q2 - 14)
Prior Qtr.
(Q1 - 14)
(sf in 1000s)
(sf in 1000s)
(sf in 1000s)
Vacancy Rate
Gross Asking Rent
($ per sf)

Source: CBRE Econometric Advisors

U.S. Industrial Market Current Qtr.
(Q2 - 14)
Prior Qtr.
(Q1 - 14)
(sf in 1000s)
(sf in 1000s)
(sf in 1000s)
Vacancy Rate
Net Asking Rent
($ per sf)

Source: CBRE Econometric Advisors

U.S. Retail Market Current Qtr.
(Q2 - 14)
Prior Qtr.
(Q1 - 14)
(sf in 1000s)
(sf in 1000s)
(sf in 1000s)
Vacancy Rate
Net Asking Rent
($ per sf)

Source: CBRE Econometric Advisors

U.S. Multifamily Market Current Qtr.
(Q2 - 14)
Prior Qtr.
(Q1 - 14)
Rentable Inventory
Rentable Completions
Vacancy Rate
Same-Store Rent
Index ($/unit)

Source: CBRE Econometric Advisors

U.S. Hotels
(Jul. 2014)
Occupany Rates Avg. Daily Rates (USD)
Luxury   77.5%
Upper Upscale   79.4%
Upscale   80.7%
Upper Midscale   76.6%
Midscale   69.4%
Economy   66.8%
Independents   71.4%
TOTAL U.S.   73.6%

Source: STR

International Hotels  (By Region, Jul. 2014) Occupany Rates Avg. Daily Rates (USD)
Americas   73.2%
Asia/Pacific   70.0%
Europe   73.9%
Middle East/Africa   49.3%

Source: STR Global

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