Michael Gerrity, Founder & CEO - WORLD PROPERTY CHANNEL™
Besides running the day to day operations of the WORLD PROPERTY CHANNEL, Mr. Gerrity has also served on several Boards over the last decade that include the Central Florida Technology Partnership's Digital Media Advisory Board, City of Orlando’s Technology Board, The Economic Development Commission’s Film & Television Board and he is a founding Board Member of Digital Media Alliance Florida - a statewide digital media industry association. In addition he is a member of the National Association of Real Estate Editors (NAREE).
As founder and CEO of the WORLD PROPERTY CHANNEL, Mr. Gerrity has also been interviewed over the last few years by numerous local and national news media organizations that include NBC Nightly News with Brian Williams, NBC Today Show, TIME Magazine, Orlando Sentinel, Orlando Business Journal, The New York Times, Palm Beach Post and Florida Trend Magazine. Mr. Gerrity was also awarded the prestigious "40 under 40" Entrepreneur Achievement Award of Central Florida from the Orlando Business Journal in 2000.
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.
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $954 on each loan they originated in the second quarter of 2014.
Blackstone Real Estate Debt Strategies has just made a $120 million construction loan to Eastview Development and GTIS Partners to fund construction of Biscayne Beach.
According the Miami Association of Realtors, strong demand from both domestic and foreign buyers continues to fuel Miami's property price growth, as demand for new construction properties continues to gain momentum.
Given the stability and maturity of the U.S. commercial property market in 2014, global institutional money continues to flow into the United States.
According to the National Association of Realtors (NAR), existing-home sales in the U.S. increased in July 2014 to their highest annual pace of the year, as the ongoing decline in distressed sales continued.
The American Institute of Architects (AIA), the last three months have shown steadily increasing demand for design services and the Architecture Billings Index (ABI) is now at its highest level since 2007.
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.
August is proving to be a good month for Miami-based The Related Group. The company just announced this week that they have hit sales of over $300 million at SLS Lux Brickell.
According to CBRE, national multifamily demand in the U.S. continued to gain momentum as a combination of improving job growth and more households shifting from owning to renting boosted net absorption in Q2 2014.
Based on the latest S&P/Experian Consumer Credit Default Indices for July 2014, there was another slight decline in default rates.
According to RealtyTrac's U.S. Institutional Investor & Cash Sales Report, all-cash sales accounted for 37.9 percent of all sales of single family homes and condos nationwide in the second quarter
Robust high-tech employment has played a major role in the recovery of the U.S. office market and has helped fuel double-digit rent growth in eight U.S.
According to the California Association of Realtors, lower interest rates in the second quarter of 2014 failed to offset continued home price increases, lowering housing affordability statewide and in 19 of 26 counties in California.
According to the Miami Association of Realtors, the Miami real estate market continued to experience rising prices in the second quarter of 2014 due to strong demand.
Lake Nona Golf & Country Club is a 600-acre private residential golf club community set amidst pristine freshwater lakes and a canopy of tall oaks, pines and native cypress trees.
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