Introduction to Urban Commercial Real Estate Development for Non-Developers

For anyone looking to elevate their commercial real estate game this course is highly recommended. Dive into Urban Commercial Real Estate Development through The U’s upcoming Intro to RED course on October 12, 2019 (8:30am -2:30pm). Learn the fundamentals to become a successful developer at this all-in-one MRED+U seminar taught by Prof. Steve Nostrand (of One Commercial)

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Full disclosure: Steve was my professor while I was enrolled in the University of Miami’s Masters of Real Estate Development + Urbanism program. Steve is a real estate and a great teacher with decades of commercial real estate knowledge.

This seminar offers the keys to the core issues facing real estate developers today such as:

What type of developer do you want to be?
How developers make money
Assessing the real value of land
Understanding land use, zoning and other public policies
The keys to successful development
Managing risk
How to conduct a preliminary financial feasibility
Important financial terms and ratios
Key aspects of developing each property type
The integrated stages of development
The different types of leases
How to borrow money
Details of joint venture structures
Purchasing notes and distressed properties

Who should attend?

Real estate brokers and associates
Mortgage brokers
Financial advisors and planners
Public officials
Real estate owners
Property managers

Steve’s Bio:

As the third generation in his family to specialize in commercial real estate, Stephen has a diverse background in not only executive leadership, but CRE service lines including investments sales and leasing brokerage, development, debt and equity capital markets, project management, strategic planning, asset and property management, receiverships, training and education. Prior to joining ONE Commercial Real Estate, he was CEO/COO of NAI Miami and CEO of the Colliers International South Florida office. Mr. Nostrand is a professor in the Master of Real Estate Development + Urbanism program at the University of Miami.

Hollywood’s Potential: ULI Development & Investment Forum

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Hollywood has so much potential. Founded in 1925 it is now the twelfth-largest city in Florida. The city has an awesome historic downtown “Main Street” and great mid-century modern housing stock which is within walking distance of the CBD.

Source: Wikipedia

Hollywood grew quickly in the 1950’s and 1960’s, however in the last 40 years the city has not grown much. The last ten 10 years development has come to a virtual standstill, but things are starting to pick-up!

Housing units built per year in Hollywood, FL
Source: Gridics

Here are some of the best things about Hollywood:

  • Hollywood Beach boardwalk for biking
  • Well located between Miami International Airport and Fort Lauderdale-Hollywood International Airport
  • Served by TriRail Station
  • Will likely benefit from Virgin Trains expansion with a Hollywood train station near the CBD
  • Excellent selection of restaurants to chooses from in the CBD

Open Letter to Governor DeSantis: Time to Reel In FDOT

Dear Governor DeSantis,

Here’s a summary of today’s meeting with FDOT Secretary Kevin Thibault and District 6 Secretary Jim Wolfe regarding Biscayne Boulevard.

It became clear that FDOT will not make any safety improvements to Biscayne Boulevard anytime soon, even though there have been over 2,550 crashes in an 8 year period (3.3 mile stretch of Biscayne Boulevard) and there seems to be almost weekly car crashes where motor vehicles end up on the sidewalk and crashing into people, buildings, bus shelters, trees, mid-block crosswalk signals, light posts, fire hydrants, garbage cans, sign posts, etc.   

FDOT insists that the problem on Biscayne Boulevard is an “enforcement issue” and not a ”design issue”. The truth is that we cannot enforce our way out of this problem.  It is simply too expensive (police salary, pension, benefits, etc) and our police officers should be focused on more important things than issuing speeding tickets. FDOT needs to design roads that don’t encourage speeding and that requires as little enforcement as possible. It is possible to design roads that discourage speeding. However FDOT, for some reason, does not want to design roads with the safety of all users as their #1 priority.  This fact became painfully obvious during today’s meeting. 

In addition, in a brief side conversation I had with Secretary Thibault, it was suggested that if we wanted to make design changes to Biscayne Boulevard “the local municipality should take ownership/control of the road.”

Punting the problem to the local municipality, in this case the City of Miami, isn’t the solution. FDOT needs to own this problem (and also the fact that Florida is the most dangerous state in the country for pedestrians and cyclists). FDOT needs to provide solutions not only to make Biscayne Boulevard safer, but to make all FDOT streets safer for pedestrians and cyclists. Does FDOT expect that all local municipalities should take over ownership of the thousands of miles of FDOT owned roads throughout the state so that FDOT doesn’t have to design streets with safety as the #1 priority?  

Florida is one of the fastest growing states in the country and most of this growth is happening in our cities. Pedestrian and cyclist deaths will continue to rise in Florida if FDOT is not reeled in. 

We need your help Governor DeSantis.  What can you do to help Floridians?

Felipe Azenha

Community Transportation Meeting: FDOT’s Secretary (the head honcho) is coming to the 305

State Senator Jason Pizzo is hosting a Community Transportation Meeting on Monday, July 22nd from 1-4pm at FIU’s North Campus. Kevin Thibault, the FDOT Secretary, will attend. 

According to the 2019 Dangerous by Design report by Smart Growth America, Florida is the most dangerous state in the country for pedestrians and cyclists. In fact, 9 out of the 20 most dangerous metropolitan areas in the US are in Florida.

Florida is one of the fastest growing states in the country and more needs to be done by the FDOT to design our streets with safety, not speed, as our top priority.  Florida also desperately needs more mobility options and we need the infrastructure to support multi-modal transit alternatives. Let’s work with Senator Pizzo and Secretary Thibault to start changing Florida’s transportation paradigm. 

Please help spread the word about this meeting. Of particular interest to us will be an update about the ugly situation we have on Biscayne Boulevard. Hope to see you there!

Event: Urbanism Summit

Since its inception in 2016, Urbanism Summit has functioned as a multidisciplinary platform bringing together professionals, city governments, community stakeholders and innovators tackling inefficiencies in urbanization as it applies to the future of cities, their makers and dwellers. The Urbanism Summit’s focus is on innovative and educational activations bridging professional and stakeholder silos for a more collaborative and people-centric approach to urbanism. 

Facilitating action-based discussions, we aim to help provide strategies for shaping the future built environment – transportation, urban planning/design, development, construction, architecture, policy making, wellness, climate/environment, smart cities, entrepreneurship, arts/culture, and more – with people in mind.

The Urbanism Summit will be held on May 23rd in the Miami Design District from 8:30am to 3:30pm.

Click here to purchase tickets.