Steps away from Ocean Drive, Walgreens property in Miami Beach sells for $33 million

Steps away from Ocean Drive, Walgreens property in Miami Beach sells for $33 million Commercial property at 509 Collins Ave. sold for $33 million. Walgreens would remain a tenant with a 14-plus-year lease term.┬áMARCUS & MILLICHAP A high-profile property on the corner of Collins Avenue and Fifth Streets in Miami Beach has sold for $33 […]

Tax Cuts and Jobs Act

New Tax Law Holds Favorable Prospects for Commercial Real Estate; Potential to Boost Space Demand and Capital Flows New tax law retains key provisions for real estate investors. The highly anticipated tax reform recently signed into law by President Trump retained numerous key commercial real estate provisions. The 1031 tax-deferred exchange, the mortgage interest deduction […]