Speaking of NYC, they are leading all U.S. multifamily markets in rent growth and their occupancy is above 98%.

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According to this, Miami is the 2nd most expensive multifamily rental market for tech workers, and that is holding back the market. But NY and San Francisco are more expensive and their tech markets are booming.

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Apollo Global Management has allocated $1.02 billion for investment in affordable and workforce housing through Starwood Real Estate Income Trust.

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Multifamily today!! JP Morgan has decided to invest $750 billion dollars over the next 10 years into affordable housing and hopefully others will follow their lead.

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The U.S. economy posted 162,000 new jobs in August??? Really?? Does anyone believe this??

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It is funny now with the new fake inflation numbers it shows that it decreased in August. People don’t care about the semantics, they are only concerned about the high prices getting higher, and they are.

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U.S. household income reaches a 60 year high but poverty numbers are growing and really hitting the elderly hard.

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Economy today!! Interest rates did finally go up, but just a little bit at .25. It was clearly not enough so expect another rise before the end of the year.

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Speaking of Desantis, here is a very interesting and disturbing article about how Florida is helping insurance companies hide finances and keep rates artificially high. Thanks for reading and have a great weekend!

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Want a good laugh? Check out Ron Desantis’s comments defending Alligator Alcatraz and its cost! Just incredible!!

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The FL Realtors, residential brokers, have put $10 MM behind Amendment 3 b/c they think more people will buy homes if the taxes r lower. In reality people will leave in droves & home values will decrease if it passes

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Happy FriYAY folks!! It is official, LIV Golf has filed for bankruptcy. Not sure yet if they are really done or will find another sponsor. We will keep an eye on this one!

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This is sort of creepy, Google just bought the data from the bankrupt airline Spirit. They did it to feed it to their AI models. Fortunately no personal data of people who flew the airline was included.

#RosenfeldRealtyAdvisors #CommercialRealEstate #FL #ItsAlmostFriYAY #WeAreReady

Thanks to a $1 million dollar gift FAU will be getting an AI Engineering Learning Lab. This has to be a big advantage for the school as compared to others that don’t have one.

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The problem is that this isn’t the 1st time this has happened & you know it won’t b the last time. The big question remains what is going to b done to stop it fm happening?? Not sure if anyone really knows the answer.

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AI today!! Open AI was testing the security capabilities of its systems and two of its AI models went rogue and hacked into the library of another company. This is a huge concern obviously.

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Speaking of Miami, they just got a commitment from Levita Magnetics to open an office in Coral Gables. They do cutting edge magnetic and robotic surgeries.

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Two new class A office properties are being built now in Miami that will deliver about 1.5 million square feet to the Brickell market by 2030.

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Remember all those low interest rate office mortgages that are expiring? They (and not just office) are still out there & with high interest rates rising more properties could come back to the market via foreclosure.

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Office!! Great article on the national office market. Vacancy is steadily decreasing and demand and occupancy for medical space is rock solid. More medical space is being created to meet demand.

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