The Dixon-Magenheimer-Sisler Report was the collaborative effort of Tom and Andrew Dixon, Roger Lopez, Steve Magenheimer (The Magenheimer Company) and Gary Sisler (Sisler Realty Solutions) to keep our clients and friends up to date on what we are hearing and seeing in the real estate market in our respective areas of expertise. You can also email Tom if you’d like to receive the letter directly to your email.
As companies and institutions acquire real estate assets, either though purchase or defaults, the cost to hold these assets have a dramatic impact on net profits. These costs include maintenance, insurance, management, utilities and real estate taxes. Most of these costs can be deferred or controlled. For example, if a property is vacant the required […]
If you found out that on top of these rising costs your real estate bill, typically the single largest expense for a landlord in Florida (we have no income tax to help fund the government) is also going up 20% what would that do to your returns?
…one of the most important lessons we have learned is that…
As commercial real estate brokers we are always being asked “What do you see for the future of Miami real estate”?
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 upon the assessment and proposed millage rate.
IS A REAL ESTATE INVESTMENT AS GOOD AS A FINANCIAL BOND? In the April 9th issue of the Wall Street Journal there is a very thought provoking headline; “New Era, In Bonds; Zero Yield or Less” Tradeweb shows a government-bond yield for Switzerland of (-1.0%) …yes negative 1% per year. This means if you invest […]
Last week at the Commercial Industrial Association of South Florida presentation on “The rEvolution of the Industrial Market”, the inventory of industrial warehouse space in Miami-Dade was estimated at 200 million square feet. As in my last newsletter, I like to relate this to something I can imagine. The shipping industry uses a standard shipping […]
We use signs and indicators in our daily lives to tell us what to expect. For real estate business decisions, there are some very interesting and also odd indicators that reflect the current business climate that can give indications of future trends. If you were interested in investing in a restaurant, wouldn’t it be nice […]
Tom and Guy’s will be presenting their favorite website’s this week for the Miami Realtor’s Below you’ll find the list of sites they’ll cover, but if you want to see how they all work together to help you research a property you’ll have to join the class. COMPANIES Florida Corporations www.sunbiz.org/search Overall Search www.google.com Look […]
ALL YOU NEED IS THE ENGLISH LANGUAGE AND A DEBIT CARD If you enjoy traveling and speak the English language, the world is yours. We have traveled to many countries including Spain, Italy and most recently – Greece. Everywhere we traveled, English is the universal language. Our son Andrew went on his honeymoon to South […]
Last week I sold a home in Coconut Grove which is unlike any other: it is the first certified Fortified Construction and Energy Star home built in Miami-Dade County. The developers and sellers, Rochester Builders Inc., set out to build an affordable product with a construction standard that goes far beyond what is called for […]
As commercial real estate brokers, when we list a property for sale, the first step is to properly identify the property’s address, legal description and owner’s name. When we market the property, we may include a location map, aerial photos, copy of the plat showing the recorded information about the site, a legal description, a […]
It is amazing how many students from my Commercial Brokerage class call and say they have an investor with $5,000,000 looking to purchase a commercial property showing a return of 10% on the investment. Or they ask do I know of any triple net lease properties with national credit tenants for sale with a return […]
As a real estate broker, when some one calls about a For Sale sign, I’m always asked, “What is the asking Price?” Usually, they expect a price based on cash to the seller. But lately my thinking has changed. Maybe the answer to this question should be, “It will cost you $$$ per month to […]
Last week, Andrew and I presented the 2014 Miami-Dade County Industrial Market Study to over 170 members of the Commercial Industrial Association of South Florida and guests. This is the 18th year we have reported on the industrial market conditions in South Florida. The Market Trends Section reported a growth in industrial space for the […]
Unless you have been asleep or out of the country, you have noticed the bizarre spread of branch banks everywhere. At the start of the Great Recession five years ago when banks were in trouble and our government bailed them out to protect the United States financial system from failure, the big banks were considered […]
During the past 6 months, I have changed some of my shopping habits and started doing more Internet shopping. One reason is that there is a greater choice of products to meet my needs and another is simple economics. For example, I needed a special light bulb for a floor lamp at our office. I […]
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 […]
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.
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 […]
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 […]
For the past several years we have been living on a borrowed dream. When we wanted something we would just “put it on the card.” Then if at the end of the month if we did not have the money we just paid as much as we could and let the balance accumulate at 20% […]
What a strange title for a newsletter? Why would one think his phone is broken? It is not ringing, sometimes not at all, other times very seldom. Why do you think this is occurring during the dog days of August 2008? There are several reasons for this state of affairs and we will discuss them […]
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 […]
On June 13th, real estate brokers, Tony Puente, Robert Meneses and I presented the first Annual South Florida Office Market Report to over 120 members of the “CIASF” Commercial Industrial Association of South Florida. This report provides a snapshot of the Office Market Conditions for the year. For research purposes Miami-Dade County is divided into […]
While this will contain a lot of rhetoric about politics, I will conclude on how this affects our real estate activities. No question, a current hot button and one destined to worsen, is our energy pickle and the high cost of gas. Unfortunately, it seems only a sharp increase at the pumps jars us into […]
Sure, a gallon of gasoline at almost $4.00 a gallon seems painful, particularly in my case since I drive a vintage Mercedes Benz 300 Diesel. Indeed, a gallon of this less processed fuel is $4.25. Economic times are tough, for sure, for those in the residential/condo market. The office market on the other hand, is […]
When I was in high school my favorite movies were horror flicks. At FSU, I participated in a lot of film projects for both the Communication School (News) and the more artsy Film School. I came to realize that as a goal, what I really wanted to do was edit a horror flick because no […]
The answer to the question “How did the US get into the present housing crisis” goes back to a real estate class examination question I missed in 1964. While I was a student at the University of Florida studying real estate, I could not answer an exam question, which I remember to this day. The […]
With the beginning of the New Year it is time to look back at what has happened in the real estate market and to project what to expect for the coming year. The “Industrial Association of Dade County” (IADC) has become the “Commercial Industrial Association of South Florida” (CIASF) with an emphasis on all aspects […]