Friday, August 26, 2011

Sharpe Properties Reaches 1,000 Facebook Fans


1,000 Facebook Fans



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About Sharpe Properties: 
Sharpe Properties is a property management company located in South Florida since 1960, providing management, maintenance and leasing services to all commercial properties, including retail, industrial, warehouse and office locations throughout Miami Dade and Broward Counties.  If you would like help or need assistance managing your commercial properties or finding locations to lease, please call our office (305) 693-3500 or visit us at www.sharpeproperties.com

Friday, August 19, 2011

Commercial Real Estate Listings For Rent in Broward County

Real Estate Services

Sharpe Properties provides property management, maintenance and leasing to all commercial real estate properties in South Florida since 1960.

Real Estate Listings In Broward County

Visit Sharpe Properties website at www.sharpeproperties.com to view real estate listings in Broward County for the following types of properties for rent:

  -  Retail

  -  Industrial Warehouse

  -  Office

  -  Apartments


Property Management Services in Broward County

Please contact Sharpe Properties to obtain a free quote on handling property management and leasing for your commercial real estate, including retail, industrial warehouse, office, and apartments throughout South Florida

Commercial Real Estate Listings For Rent in Miami Dade County


Real Estate Services

Sharpe Properties provides property management, maintenance and leasing to all commercial real estate properties in South Florida since 1960.

Real Estate Listings In Miami Dade County

Visit Sharpe Properties website at www.sharpeproperties.com to view real estate listings in Miami Dade County for the following types of properties for rent:

  -  Retail

  -  Industrial Warehouse

  -  Office

  -  Apartments


Property Management Services in Miami Dade County

Please contact Sharpe Properties to obtain a free quote on handling property management and leasing for your commercial real estate, including retail, industrial warehouse, office, and apartments throughout South Florida

Wednesday, August 17, 2011

Google Sitelinks Are Bigger... But Are They SEO Better?

The new Google Sitelinks are much larger, and now gives the corresponding website a tremendous amount of real estate to promote itself within the search results page.

According to Google, sitelinks such as the one below "are meant to help users navigate your site."  However, by Google giving an abundance of advertising space to being the first result on the page, it consequently diminishes the benefits of a website being ranked elsewhere within the Top 10 results.

For example, search for "Sharpe Properties" and you will see:
Google has not released information on how to obtain sitelinks for your own website, but they do provide website owners the ability to downgrade existing sitelinks as follows:
  1. On the Webmaster Tools Home page, click the site you want.
  2. Under Site configuration, click Sitelinks.
  3. In the For this search result box, compete the URL for which you don't want a specific sitelink URL to appear.
  4. In the Demote this sitelink URL box, complete the URL of the sitelink you want to demote.
Once you've demoted or undemoted a sitelink, it can take some time for search results to reflect your changes.
You can demote up to 100 URLs, and demotions are effective for 90 days from your most recent visit to the Sitelinks page in Webmaster Tools.

What Changes Were Made?
According to Google, “Until now, each site had a fixed list of sitelinks that would either all appear or not appear; there was no query-specific ranking of the links. With today’s launch, sitelink selection and ranking can change from query to query, allowing more optimized results. In addition, the maximum number of sitelinks that can appear for a site has been raised from eight to 12, and the number shown also varies by query.”

Sitelinks Benefits?

"It turns out that sitelinks are quite useful because they can help predict which sections of the site you want to visit," Daniel Rocha, a software engineer on the Google Sitelinks team, wrote in a blog post. "Even if you didn't specify your task in the query, sitelinks help you quickly navigate to the most relevant part of the site, which is particularly handy for large and complex websites. Sitelinks can also give you a good overview of a website's content, and let webmasters expose areas of the site that visitors may not know about."

Search Engine Optimization (SEO) Benefits?

What matters most when Google places you on their search results page is like conducting a search for real estate...location, location, location.  Now that Google is giving their top result a large real estate landscape to promote its site, it should inherently improve the website's SEO.  However, only time will tell how much SEO weight Google will give to that website.

Florida getting $97 million in federal funds for small business loans


Florida will receive $97 million for a new federal program that supports state-level, small-business lending programs, the U.S. Treasury Department announced Tuesday.

The program will provide two separate pools of money in Florida. One will be administered by Florida’s Office of Tourism, Trade and Economic Development and Enterprise Florida, Inc., a public-private economic development partnership. They’ll administer the Venture Capital Program, which will make investments in small businesses as well as the Florida Small Business Loan Support Program.

The other pool, also overseen by the Office of Tourism, Trade and Economic Development, is expected to free up banks to make loans by giving them access to money that boosts their loan loss reserves. The Florida Capital Access Program is expected to spur small business lending by private sector lenders, said Sen. Bill Nelson, D-Fla.

“This is all about jobs, and it’s all about providing jobs through small business, which is the main part of the engine of our economy in Florida,” Nelson said.

Eleven states and the District of Columbia got approval Tuesday for the $360 million program, part of the Small Business Jobs Act that President Barack Obama signed into law last fall.

“Unlocking credit for small businesses will provide a powerful boost for investment and job creation in local communities across the country,” Deputy Treasury Secretary Neal Wolin said Tuesday.

The program is expected to generate as much as $10 in new private lending for every $1 in federal funding, Wolin said. He anticipates that the $360 million allocation will support as much as $3.6 billion in new private lending.

source: The Miami Herald
by:  Erika Bolstad

Monday, August 15, 2011

Coral Gables experiencing mini building boom

With at least seven new commercial and residential projects in the works this year, the real estate industry is betting on a rebound in the city.


Backed by a quarter-billion dollars in fresh financing and a conviction that Coral Gables will be the first South Florida enclave to experience a real estate rebound, a handful of developers are building again in the City Beautiful.

The downtown section of Coral Gables, around Ponce De Leon Boulevard, is the epicenter of the mini-building boom, with luxury apartments and office buildings — not condos — taking center stage.

There are at least seven new projects either under construction or scheduled to break ground soon in Coral Gables in the most active building flurry in the last five years. Developers and lenders have pinpointed the Gables as a hot market, said José Antonio Perez Helguera, whose company, Agave Holdings, has invested more than $150 million in the Gables and now owns about six acres of developable land near Ponce Circle Park.


More than two million square feet of new space is set to hit the market over the next three years, coming in the form of newly minted offices and luxury apartment communities.
“Coral Gables has always preserved its value better than 99 percent of the other municipalities in Miami-Dade,” said Robert Behar, whose architecture firm is designing a new luxury apartment near the Village at Merrick Park. “These investors are looking at the Gables as the first and primary location to start development.”
With its affluent population, proximity to Miami International Airport, and a business district that is home to more than 175 multinational companies, Coral Gables has long been viewed as a haven of economic stability in South Florida’s varied and volatile marketplace. Builders are flocking to cash in on that stability, with a fervor rivaled only by downtown Miami, which is gearing up for the second wave of its historic building boom.
The new projects could create up to 1,000 additional residential units and house dozens of additional companies and restaurants—numbers that reflect the real estate industry’s bet on a strong economic rebound in Coral Gables.

Many of the projects, originally approved during the housing boom last decade, have been waiting for the economy to show signs of improvement. That they are moving forward now is a sign city leaders say indicates a rebound has begun.

“A lot of this stuff started years and years ago,” said Coral Gables Mayor Jim Cason. “Then our real estate values went down. This year they’ve gone back up.”

According to research by commercial real estate brokerage Cushman & Wakefield, Coral Gables is South Florida’s second most active market for office space construction, behind downtown Miami.

Still, the Gables’ economic stability is not bulletproof. Multinational business and the city’s strict development policies could not fully stave off the turmoil caused by the Great Recession and the real estate bust that followed South Florida’s building boom.

Many developers who originally bet that Coral Gables could buck market trends during the 2008 financial downturn either fell into foreclosure or were forced to sit on undeveloped land for years.

Now, industry watchers say those foreclosures and land banks are clearing the way for a wave of post-bust development, providing opportunities for new players to buy property and build at bargain prices.
And banks are coming off the fence as well, pumping hundreds of millions of dollars into Gables development while much of the greater South Florida market remains starved for financing. At least $250 million in construction financing is backing the projects in the pipeline.

But the banks lending to excited developers have reasons to remain cautious, analysts say. Office vacancy rates in Coral Gables are still higher than pre-recession levels, and new projects coming online heighten the threat of oversupply. Miami’s unemployment rate, which ticked up to 13.4 percent in June, is a stark reminder that many businesses have downsized and don’t plan on adding workers or expanding any time soon.
According to a recent report by commercial real estate firm Studley, Coral Gables’ Class A office vacancy rate stands at 18.9 percent, an above-average figure that could be pushed higher when new projects come online. Average monthly rental rates are about $32 per square foot, and many of the new developers are hoping to get $40 to $55 when their projects open.

Diana Parker, a director with Cushman & Wakefield, said those prices will begin to look more realistic as the economy improves over the next couple years.

“To be clear, it is still a tenant’s market today,” she said. “But it is not the bloodbath market that the landlords experienced this time last year. We’re very bullish on the future of Miami’s office market.”

Analysts are even more optimistic about the rental market, where demand is already rising rapidly and landlords are cashing in on increasing rent prices. A recent report by real estate firm Marcus & Millichap forecasts sustained growth in the rental market as vacancies fall and prices improve in the luxury sector.

Here’s a look at the Coral Gables projects:
396 Alhambra

The only major project scheduled to open before the end of the year is 396 Alhambra, a $140 million, 15-story tower that will add 273,000 square feet of Class A offices and retail space.

Highlighting the role of international investors in South Florida, the project was backed by Agave Holdings, a cash-strong developer based in Mexico. Agave infused the project with capital in 2009, a time when financing was all but shut off for most local investors. It was the company’s debut in the United States, and the choice of Coral Gables was a deliberate one, said Perez Helguera, managing director for the company’s U.S. arm.

“We’ve been focusing on Mexico City in a small corporate zone that was sort of like Coral Gables,” he said. “We think that particular area in Miami is the kind of market that we look for because it’s a great long term investment.”

Lease rates are expected to start around $40 per square foot, and Citibank has already signed on to set up shop as the ground floor tenant when 396 Alhambra opens.


Gables Ponce Apartments

As the apartment sector heats up region wide, developers like Gables Residential are looking to meet the demand for high-end rentals in the Coral Gables market.

The Atlanta-based company broke ground on a new luxury complex at 4585 Ponce de Leon Blvd. in June, and plans to bring the project to market next year.

“The capital markets have eased up a bit and things are moving in the right direction from a capital flow standpoint,” said David Fitch, CEO of Gables Residential.  “The rental market has firmed up, and we are seeing growth in this area.”

The lack of financing put a halt to real estate construction during the recession, creating a shortage of units to rent, Behar said. Gables Residential was forced to sit on the land it purchased in 2007 for nearly four years before the financing — $50 million from PNC Bank — came through this spring.

The project is projected to add 250 units — as well as a ground floor of retail space — to a market that has not seen such a large project in several years. Fabio Rodriguez, director of development for the company’s South Florida projects, points to a shortage of luxury rentals in the high-income city: Only about 300 units have been built in Coral Gables since 2006.

“I think we’ll get empty-nesters, professionals and graduate students from UM,” said Rodriguez. “I think because of Coral Gables and all the international companies, we’re also going to get a lot of ex-pats and internationals. It’s going to be a sampling or a mix of what we have in this community.”


The Building

Two of South Florida’s prominent business families have joined forces to enter the Coral Gables office market. In June, the Mas family’s Mas Group and an affiliate of the Zubizaretta family’s Zubi Advertising broke ground on The Building, a 58,000 square-foot project at 2990 Ponce de Leon Blvd. The mixed-used building will house the two companies’ headquarters when it is completed.

Backed by more than $12 million in financing from HSBC Bank and investments from the two family businesses, the boutique project is looking to make its niche among smaller companies.

“The [other] buildings that are going up now or are planned are much bigger than us,” said Alberto Perez, who is developing the project for the families. “We have a boutique Class A building, and there’s a considerable amount of [potential] tenants looking for between 1,500 and 5,000 square feet.”

The Building is set to open in 2012, and lease prices are about $40 per square foot.


Old Spanish Village

Once slated to be Coral Gables’ most grandiose mixed-used community, Old Spanish Village fell victim to the recession before Ponce Circle Developers’ $400 million vision could materialize. The project, which was designed to include 195 Spanish-style townhouses, cobblestone streets and a gleaming office tower, instead joined the ranks of foreclosure when FirstBank Puerto Rico seized the stalled property from developer Ralph Sanchez in March.

After languishing for three years, the Old Spanish Village site at 2901 Ponce de Leon Blvd. is slated for a renaissance — Agave Holdings paid $30.6 million to buy the bare, 5.8-acre plot near Ponce Circle Park in July.

The company has not yet drawn up plans for the space but said the bargain price gives it flexibility to decide how to move forward.

“We saw this opportunity fall into our hands, and we see it as a very good potential investment because of the price,” said Perez Helguera. “We want to first understand what we bought. We know that there are a lot of things and components that we can do with this project.”

The plot is approved for more than 700,000 square feet of townhomes and retail space, and Agave said it is working with the city to draft a fresh plan.

Coral Gables’ city government is notorious among developers for its strict rules and detail-oriented approval process, an approach that some say has helped the city avoid the overbuilding that has plagued other municipalities.

“Coral Gables does controlled development,” said Behar, who sits on the city’s planning and zoning board. “You’ve got to go through a number of different boards to get approval. And it’s clear that quality is very important.”


Ponce de Leon Towers

In 2008, real estate firm Allen Morris Co. purchased the office component of Old Spanish Village for $24 million, and razed the existing building in preparation for a shiny 16-story tower at 2801 Ponce de Leon Blvd.
The developer has not begun construction, but has secured a number of tenants.

“We’d like to be about 50 percent pre-leased before we start the project,” said Allen Morris, company CEO. “We already have about 15 percent pre-leased, including the commercial real estate firm The Rockefeller Group.”

Morris said the 16-story project could be open for business in the next three years and, in the meantime, he’s searching for other real estate deals in the neighborhood.

“We’re very bullish on Miami and very bullish on Coral Gables,” he said.

A few other projects are in the works in Coral Gables:

•  Merrick Manor, Le Jeune Road and Altara Avenue: Miami-based Astor Developments is looking to build a luxury apartment complex along a stretch of Le Jeune that currently houses Coral Gables’ trolley yard. Astor began formal negotiations with the city last month, offering to do a land swap with the city and pay for the construction of a new trolley facility a short distance away. If the city approves, the 188-unit project could be completed in 2013.

•  Palace at Coral Gables, 30-45 Andalusia Avenue: Another beneficiary of a loosening credit market, Miami-based Palace Group broke ground on a 243-unit senior rental community this month, three years after winning a city contract to build housing for seniors. Last month, TD Bank agreed to provide a construction loan of nearly $49 million for the project, which will cater to both independent-living and assisted-living seniors. The Palace at Coral Gables, just south of Miracle Mile, is slated to complete construction in early 2013.

•  Miracle Mile and Restaurant Row Streetscape Initiative: Coral Gables city leaders are undertaking their own development program, hoping to spruce up the downtown area with more pedestrian-friendly touches. The initiative, approved in January, is still in the developmental stages, but the idea is to help Miracle Mile compete with places like Lincoln Road and Mary Brickell Village.

“Just as businesses today must continually reinvent themselves in order to stay successful, cities need to do likewise,” City Manager Pat Salerno wrote in a memo announcing the program. “This multiyear initiative is part of the continuing evolution of the city and will be the most ambitious downtown transformation in the history of the city.”

Source: The Miami Herald
By: TOLUSE OLORUNNIPA

Saturday, August 13, 2011

South Florida Businesses Not Seeing A Recession Coming

Even as investors panic and fears of a second recession loom, South Florida businesses look around and don’t see 2008 staring back at them.

Jose A. Goyane, the owner of Tre Italian
Bistro located at 270 E. Flagler St, says business didn't
miss a beat over last two weeks of Wall Street turmoil.
Jose is talking to Lori Rosenberg, who has lunch there
three times a week, on Aug. 12, 2011.

Peter Andrew Bosch / Miami Herald Staff
When the stock market crashed in the fall of 2008, Jose Goyanes panicked. And for good reason.“October 2008 was the worst month of business I ever had in my life,’’ recalled Goyanes, the owner of a restaurant, beauty parlor and barber shop in downtown Miami. “It was scary. I ended up calling every company I did business with and saying, ‘What can you do? We need to lower our costs.’ ”

But Goyanes didn’t pull out his Rolodex this time around, despite fears of a 2008 repeat as the Dow Jones index shed more than 1,900 points in 18 days, gutting 401(k) accounts, and analysts warned a second recession might be coming.

“It’s not 2008,’’ Goyanes said during the lunch rush Friday, when a full dining room at his Tre Italian Bistro spilled into the sidewalk tables outside. “Rain hurts us more than a bad day on the stock market, I can tell you that.’’

With economists and investors divided between concern and confidence, South Florida’s economy finds itself in limbo, too. Business owners and managers interviewed during Wall Street’s erratic week mostly described a summer significantly improved over 2010 but still stuck in the kind of low gear brought on by the recession and 2008 financial crisis.

They did not see immediate fallout from new warnings that the economy could be sliding back into a recession, or see customers pull back as major stock indices finished the week down about 7 percent from where they were on Aug. 1.

But there was consensus that a new cloud of uncertainty and anxiety has settled over the local economy, endangering what seemed to be a fledgling recovery.

Tere Blanca, CEO of Blanca Commercial Real Estate, said the volatility on display last week could prompt companies to rethink expansion or relocation plans. “Deals that are in the pipeline could come to a screeching halt in the next 30, 60, 90 days,” she said.

Volatility “directly impacts the mood of corporate America and how they perceive their own future,” she said.

Bob Lepisto runs a boutique cruise company in Miami called the SeaDream Yacht Club. A suite cabin in an upcoming Greece cruise costs $22,000, and the cheap bunks cost $8,900. He thought Wall Street’s wild ride would prompt his affluent clients to take a step back on travel plans. But he was wrong.

“I expected to see people absolutely sit on their wallets and not make decisions,” Lepisto said. Instead, “this booking week is up year over year.” Even corporate groups — which saw the biggest drop-off in South Florida after the 2008 crisis — are holding firm.

“I had a UK company on last week for an incentive and they just this morning sent me an email saying they want to do 2012 if we have the space,” he said.

Marketing firms say their clients aren’t showing concerns about the economy, as was the case in 2008. Several said they are hiring and planning to expand to new offices this year. One reason is the recession thinned out about half of the competition.

“Everyone is thinking, ‘OK, here we kind of go again.’ We’ve been through this not too long ago,” said Tadd Schwartz, principal of Schwartz Media Strategies in Miami. “I think businesses in general are more in tuned and weathered to how to approach this. It’s not as bad as two or three years ago.”

Source:  The Miami Herald
By:  Douglas Hanks

Wednesday, August 10, 2011

Most industries saw payroll growth last year, but construction and real estate lag

Big surprise: real estate and construction saw the biggest income hits last year in South Florida.

By DOUGLAS HANKS
Source: The Miami Herald

The latest look at income in South Florida shows most industries healed from the sharp downturn that hit the region in 2009.

The main news from the Bureau of Economic Analysis’s breakdown of 2010 incomes was that government aid surged 9 percent as income from work grew less than 2 percent. Within that 2 percent, though, one can see which industries rebounded and which remain in freefall. The chart below includes that ranking, along with major categories of South Florida’s income sources (such as government aid and earnings from work).


You can sort alphabetically, by overall income generated or the change from 2009.

Industry/categoryTotal income produced in 2010Change from 09
Mining$76,876,00010.48%
Government aid$44,302,392,0008.78%
Office workers$7,826,182,0007.06%
Federal govt. workers$3,864,344,0005.72%
Management of companies$3,120,372,0005.65%
Lodging and food services$6,237,701,0004.07%
Finance and insurance$10,486,878,0004.00%
Educational services$3,152,650,0003.79%
Wholesale trade$11,475,794,0003.63%
Business owners$15,672,211,0003.06%
Military$893,957,0002.89%
Professional, scientific, and technical services$15,249,239,0002.72%
Retail trade$11,118,100,0002.65%
Health care and social assistance$17,209,975,0002.38%
Personal income$242,278,213,0002.13%
Transportation and warehousing$5,961,512,0002.13%
Earnings from work$130,798,836,0001.21%
Information$5,250,463,0000.54%
Farm workers$358,519,000-0.06%
Investment income$67,176,985,000-0.11%
Government and government enterprises$23,317,699,000-0.39%
Manufacturing$5,632,324,000-0.70%
Arts, entertainment, and recreation$2,369,845,000-1.20%
State and local govt workers$18,559,398,000-1.73%
Forestry, fishing, etc$173,975,000-3.84%
Real estate and rental industry (salaries, not sales)$3,716,344,000-4.35%
Construction$7,521,106,000-9.38%
Utilities$780,524,000-10.71%
Farm owners$105,809,000-48.57%
Industry/categoryTotal income produced in 2010Change from 09



The real estate industry and construction lagged the recovery trend in 2010, since both contributed less income to the economy than they did in 2009. On the positive end, office workers — the category that includes temporary staffers — saw the biggest gain (well, except for mining, which is a tiny industry in South Florida).


These numbers don’t reflect wages; we don’t know if individual workers in the growing industries are actually making more money. They probably aren’t. And remember: most of these gains are coming off big drops in 2009. But the charts offer a scorecard on strength and weaknesses in South Florida’s economy as it tries to climb out of an historic hole.

The Miami Herald’s Economic Time Machine project tracks South Florida’s recovery from the Great Recession. By tracking more than 60 local economic indicators and comparing them to past conditions, the ETM seeks to answer the question: where did the downturn land us? The answer so far: February 2002.