10Y UST4.98%-1.39%30Y MTG7.24%-1.09%SOFR3.95%+0.25%VNQ$94.46+0.56%XLRE$43.35+0.42%FED FUNDS3.88%
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The Real Deal · Miami · Retail

South Florida’s top deals: Miami Heat part-owner Raanan Katz buys North Miami shopping center for $33M

Via The Real Deal · November 2, 2026
Compiled by Real Estate Trail Editorial · November 2, 2026

Why this matters

Retail has become a quiet outperformer. A decade of effectively zero new development has left necessity-driven, grocery-anchored, and Sun Belt strip product with negligible vacancy and re-leasing spreads in the high single digits. Cap rates have compressed in step, and the bid for stabilized portfolios is again broad across REITs, pension funds, and institutional core-plus capital. Miami continues to absorb foreign capital and high-net-worth domestic migration. Brickell and Edgewater multifamily cap rates have led the recent compression, and hospitality continues to clear at premium basis on the back of constrained supply. The asset class has effectively rerated as a defensive yield trade rather than a secularly challenged sector.

Editorial analysis · Real Estate Trail Editorial

On the RET wire

Computed from Real Estate Trail’s own tracked coverage

Read the full article at The Real Deal →

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