Hugo | Miami Retail Guy
@MiamiCREGuy
Followers
5,576
Following
739
Media
722
Statuses
4,996
We specialize in selling Strip Malls & Retail Assets located in the Miami Market 🏙️ Keeping a close pulse🫀on Market Trends & Data 📈 DM’s open 📥
Miami, FL
Joined February 2023
Don't wanna be here?
Send us removal request.
Explore trending content on Musk Viewer
Columbus
• 402353 Tweets
Bills
• 140824 Tweets
無料クーポン
• 93411 Tweets
Bret
• 91895 Tweets
Jets
• 90337 Tweets
Yankees
• 73877 Tweets
連休明け
• 72383 Tweets
#WWERaw
• 59039 Tweets
Geraldo
• 44264 Tweets
Rodgers
• 42574 Tweets
Rogan
• 32240 Tweets
Boulos
• 31272 Tweets
Soto
• 29734 Tweets
緊急入院
• 29021 Tweets
当選確率2倍
• 26631 Tweets
Hail Mary
• 25612 Tweets
Buffalo
• 20321 Tweets
Josh Allen
• 19174 Tweets
#BUFvsNYJ
• 15514 Tweets
#RepBX
• 13542 Tweets
Stanton
• 10390 Tweets
Pinned Tweet
To all that came out - THANK YOU
To those that couldn’t - we will be hosting another one very soon
Thank you to
@NahuelHilal
for allowing us to use & see his amazing space. To
@NoRiskNoParty
for helping bring this
Together
And special thanks to
@maffewthomson
for the tour of
ANNOUNCEMENT:
Friday, September 27th
WYNWOOD BRUNCH - Hosted by
@NoRiskNoParty
and Myself
Come meet your fellow SMB and RE Miami Peers!
Sponsored by
@NahuelHilal
&
@iristattooart
PLS Sign up Below - Limited Spots!
10
2
39
4
1
31
Absolutely Mind Blowing
This is Miami 2007 & 2024
Keep an eye on the Burger King 👑
76
129
1K
What Happens When You Donate Land in Prime Brickell - Miami in the 70's
On the Condition it Remains a Park; and if it Doesn't, you get it back?
Meet Developer W. Allen Morris.
Back in 1974, Morris donated the 10,872 SF park at 20 & 25 SE 10th St in High-Rise Brickell
46
78
1K
Last month I sold my home and closed my 2.7% mortgage.
Why?
This is why.
118
25
911
Real Estate is ruthless and you have to remember this.
It’s primal survival but with money and intelligence
Take this small building that got over $200M of value erased because they didn’t vet who was buying units
The owners of the Ritz Carlton Development team wanted to
39
36
722
Many don’t know this - the MASSIVE pools being built around the world are all done by one company - Crystal Lagoons
Company is valued at over $5B
They cracked the code on making these pools remotely managed and low cost
Uses only 2% of traditional pool filtration system energy
27
45
677
🤯
Ray Dalio: BridgeWater
Jamie Dimon: JP Morgan
D. Fink: BlackRock
Jane Fraser: Citi Bank
Noel Quinn: HSBC
Stephen Schwarzman: BlackStone
Neil Shen: Sequoia China
David Solomon: Goldman Sachs
Yasir Al-Rumayyan - Saudi Invest. Fund
Rubenstein - Carlyle Group
ALL IN ONE TABLE.
19
87
668
It blows my mind the type of information found on YouTube that is overlooked.
This morning I watched Bridgewater Associates - arguably one of the most successful hedge funds ever - talk with David Rubinstein (Co-Founder of Carlyle Group - $3B+ net worth) on the future of the
25
55
583
What would you do with this?
Used to be a Tier 5 Data Center, constructed by US Gov as a Nuclear Bomb Shelter.
Priced at $899k
168
14
332
Incredible what humans accomplished in 100 years.
This is Collins in Miami Beach in 1924
What will the next 100 years bring?
45
20
304
Small tip that’s worked wonders for me:
Whenever I have a morning showing of a property, I make it an effort to have breakfast at the local dinner.
Sit at the counter and strike up a conversation with whoever is sitting next to you.
Chances are you will soon sit to either a
38
9
285
Florida Insurance Market Pulse:
@progressive
confirmed 100,000 Home Policies will be dropped in Florida. First notices going out in December; and will reduce their Florida exposure by 50%
Specifically, they will cut 47,000 DP3 Policies typically used for 2nd homes and, and
43
63
273
Spoke with a buyer couple weeks ago
Bought land for $150k in 1993 - it was part Everglades back then.
He filled it in. Told me he thought he overpaid.
Used it to plant palm trees that sell for $10-$15k when fully grown.
He lives on a trailer on the land. Simple guy
We
86
5
232
There is a start-up that will let you walk your plans before you build
Is this helpful?
45
8
230
Is this load bearing?
City doesn’t have plans on record
Want to do an open kitchen concept
41
5
218
@anothercohen
If they dont have Wind, most likely means they have no debt on the property.
Worst case scenario, they can take a line of credit or small mortgage to pay for repairs.
even with that, it makes more sense than to pay the crazy premiums
14
2
210
How is Miami Doing? One of the most resilient markets in the US? 🔽
Q1 2022: Sales Volume: $977,000,000
Q1 2023: Sales Volume: $194,000,000
That's an 80% drop... this includes Land, Office, Multi, Industrial, and Retail deals.
🤯
How's Office you ask?
Q1 2022: Sales
26
29
190
My favorite proposed building in Miami
AND
Miami's first supertall tower at 100 Stories - 1,049FT
The Waldorf Astoria Hotel and Residences will be coming out of the ground in Q1 of 2024
Deep Soil Mixing was completed, allowing for piling work to begin.
This will completely
48
8
191
Too much Miami hate going around 🌴
Miami is a Tier 3 city blah blah blah
Just going to leave this here, Miami's newest residents
😃
50
7
174
Not Real Estate, but definitely a Trophy Asset 🏆
24
0
171
@DavidPivovarov
Who said anything about typical returns? This was atypical, which is why I sold
1
0
163
Retired
@Yankees
player
@AROD
sells back a Miami Beach lot to
@citsecurities
boss Ken Griffin who is assembling 2 incredible real estate land plays.
1. Star Island
Ken Griffin now owns 6.5 Acres of Contiguous land on Star Island (Lot 8,9,10,11,12,13 and 14). Now Larger than
16
10
163
the Florida Keys
AKA
The Cuban Hamptons
An Island just came on the market for $16.5M. The 1.4 Acre Island has been family owned since 1995 when it was purchased from New Jersey gastroenterologist Klaus Meckeler.
The home is self-sustaining and has a full solar panel array, a
27
5
149
AI picture generators will be an absolute game changer for the
#CRE
industry; and those that know how to use now will have a huge leg up. 🦵☝🏼
Concept drawings, test fits for empty spaces, OM property pictures, content.
Want to see how your strip mall will look with red paint
7
6
124
Just spoke to a guy who bought Miami Industrial back in the 80's, doesn't even show up on public records
Asked him how much he paid, he said:
"Hugo, I'm getting more in rent per square foot than what I paid for it"
🤯🤯
8
6
138
Squatters Be Gone (In Florida)
Starting July 1st, the following changes apply under Bill HB 621:
Landlords can simply file paperwork to remove squatters if:
1. Request Law Enforcement if an individual has unlawfully entered & remains on the property
2. The individual has
8
10
138
Controversial Bestie
@DavidSacks
is exiting Miami
He just sold his Venetian Islands Home at 100 West San Marin Dr for $22.5M
Sacks bought it for $17.1M in 2021
He is officially OUT of the arena 😆
@chamath
23
5
127
Look at this ad for a home in Miami
1955: $7,450
2024: $660,000
17
16
128
Big day today for
@Related_Group
in 2013, they purchased two sites for a combined $104M in a pristine area of Brickell.
They knew the site was in an archeological zone and that they would be responsible for paying for the excavation.
Fast forward, they discover artifacts
12
13
122
@TripleNetInvest
@WaffleHouse
is immune to everything. There’s probably one inside the pyramids
6
2
107
$1,225,000,000 - 15.5 Acres - $79M / Acre: The sale price of the waterfront Lot in Miami.
@TerraGroupMiami
is UC and is expected to close EOY.
And it wasn't just them! The deal attracted 9 total offers, including 5 that exceeded the $1B price.
The land is zoned for a project
7
11
107
First renderings of
@TomBrady
estate on Indian Creek emerge from his house on Indian Creek Island - its own municipality with 13 Person Police Force.
Brady got a super deal on the 2 Acre land from friend and neighbor
@jeffreysoffer
for $17M in 2020 at 26 Indian Creek
For
13
12
108
'I've been trying to find the right analogy for what I truly learned on this $6.2M that closed yesterday, so bear with me 🥸
When marketing a property, it's not about finding the (investors) foot that fits the (property) shoe
That gets you market price.
But rather, the key is
14
6
108
Live. Local. Act - ripping the red tape
I would argue Florida's most aggressive attempt - out of any state - to combat the ever-increasing affordable housing costs and force cities to BUILD.
Yesterday, with a majority of 40-0, amendment SB 328 to the Live Local Act passed the
17
14
98
Many have asked how AI like
@midjourney_ai
is used by brokers?
Take the example below 🔽
Our team just listed a retired Greyhound Bus Station in Gainsville, Florida. Home of the
@FloridaGators
I prompted the AI with "Show existing location with a new fast food looking
13
6
101
@marblemartini
Considering they waited 14 years to sue the city, I doubt it.
I think he was just a good American who knew not to trust the Government
2
0
91
Hialeah is one of the densest and most overlooked markets in Miami; that is finally having its time in the spotlight.
Dubbed the Brooklyn of Miami;
@mgdeveloper
and NY-based Baron Property Group have been working on a massive project near the Metro Rail Station called Metro
15
5
88
It officially sold to
@JDSDevelopment
Michael Stern yesterday for $61.23M - the
@dolcegabbana
branded tower.
Mashud A Mezerhane bought the site for $6.3M in 1984.
A $54.93M Profit on basis alone.
An incredible investments, but lets add some context to the 🥜 it took to
11
2
83
I can't tell enough people about the value of the
#ReTwit
community - professionally and personally.
A detailed sneak-peak into the day-to-day life of ambitious entrepreneurs in various Niches.
From detailed posts on investing in Non-Performing Loans
@investingcre
to growing a
20
1
80
Pretty excited about this one ⬇️
I’ve been eating at that
@sushisakemiami
for years !
Prime Multi-Tenant Retail Condo @ 900 Biscayne Bvld
$6,500,000
Cap Rate: 5.53%
PPSF: $940
3 Tenants - 6,917 SF
Massive World Center Development currently UC 🏗️ right behind it.
DM me if
2
4
76
HOA Requires 100% of Unit Votes to Terminate Association. $150M spent already on buyout...
This flies in the face of Florida-Statute that only requires 80%; and puts a massive hurdle to Developers attempting buyouts.
This was put into focus at Biscayne 21 - 2121 North Bayshore
11
6
77
This is Old Cutler Road in Miami
You don’t see much about the homes on this street.
It’s not waterfront
It’s old money 💰
7
0
78
Mobile Home Park --> 4,000 Units
Mobile Home Parks are the ultimate land bank... Easy to demo, large plots of land, and in some instances, the trailers are not even your responsibility..
This home run play located between Miami and a sub-market called El Portal is being
12
5
78
The StripMall Lottery Ticket
Purchased in 2006 for $6,100,000
The site just got approved for 392 Units at 954 Ft.
What do you think its worth today?
Check out below: 2011 & Today
Go Check it out yourself: 10 SW 8th St, Miami, FL 33130
11
4
77
Saturday Mornings in Miami, Fl
What’s everyone working on right now?
21
0
78
A good case study on the financial benefits of moving to Florida & the result of aggressive cap gains legislation
@JeffBezos
moved from Seattle to Miami.
In 2022, Washington State imposed a new 7% capital tax sale on stocks or bonds of more than $250,000
After he moved to
10
10
75
In March, the condo association and the developers settled a 2018 lawsuit that alleged Defortuna and Grosskopf blocked a proposed $115 million sale of all 48 units in the Tropicana to benefit their development plans for the Ritz-Carlton Residences. The developers allegedly used
5
2
71
@PriteshSMB
There are those that succumb to their excuses, and others that Ignore them. Your parents are living the American dream 🇺🇸 stories like these are refreshing and inspiring. Congrats Pritesh
1
1
74
@realEstateTrent
Honestly pretty usefull if talking with tenants, subs or anyone for business.
However you need to clarify if your state requires you to tell the other party if they are being recorded.
2 or 1 party consent state
5
0
72
FINALLY 🚅 Miami --> Orlando via
@GoBrightline
has been announced with the completion of the Orlando Station.
One Way is pegged at $79, while the premium is $149 ONE WAY (slightly expensive in my opinion). There are package for families of 4 or more available too...
10
4
68
What does a broker with funds do in Florida?
Proceeds to do a Condo Buyout themselves then flips it to a developer
Thats what Vivian Dimond did at the 34 Unit Regent Palace Condominium at 9317 Collins Ave
Between 2020 and 2022, Vivian spent $29.42M buying 32 of the 34 Condo's
9
1
67
50% of Miami Condo New Construction = Short Term Rentals
🔽
Miami's Condo history has been extremely interesting - back in the early 2000s, the majority of Miami Condo buyers were foreign Latin American
They were OK having a slight loss per year keeping them empty, as opposed
15
3
68
What. a. statement.
@citsecurities
““Miami, I think, represents the future of America”
-Ken Griffin
@citsecurities
And he put $1B+ of his money behind this.
3
3
35
1
3
67
If your housing development name is spelled Haus instead of House you can charge 15% more in rents
13
2
66
@jandreini1
Build a small warehouse.
Call it “IKEA furniture assembly and delivery”
Print money
2
0
66
Kendall
Coral Gables
Brickell
Key Biscayne
Miami Beach
12
0
66
If you can find a way to make an American Income 💰 while living in Latin America 🇨🇴
You 5x your purchasing power on everything from Food to medical needs
Large culture change & access to opportunity IMHO but if you value lifestyle vs. career growth it’s very enticing
12
1
63
I have to highlight this home run by
@Brixmor
who just sold their last piece of the Miami Mall for $46M
1205 NE 163rd Street
in 1998, they paid $20M for the Mall and out parcels - a combined 57.23 Acres.
You can see the amount of green undeveloped land in the vintage picture
9
1
63
RIP to Tibor Hollo
One of Miami”s most important developers
Built his first high rise in Brickell in 1969
Sold the land assemblage to Ken Griffin last year
Built and owns Panorama Tower
Did all this after surviving the Holocaust
A true icon
@fecrllc
4
2
63
Surprised that a Florida-based
@Wendys
franchisee filed Chapter 11 bankruptcy procedures this month.
with 72 Locations in Florida, Alabama, Illinois, Missouri, and Wisconsin.
SGB Burger Opco, LLC - based in Coral Springs, the company is a subsidiary of
@starboardgroup
which
13
13
62
@RobertMSterling
“But at least I’ll be able to flex how many doors I own on Twitter while you serve my kids French fries on my way to my ski vacation “
3
1
61
Miami woke up at 55 degrees this morning
Captured a Homeless person trying to light a fire to stay warm
Almost lit the building on fire
9
6
61
Officially the
@dolcegabbana
is being built in Miami at 888 Brickell by
@JDSDevelopment
259 Condos
52k SF of Health Fitness
38k SF of F&B
273 Parking Spaces
Units range from $3.5M to $35M to be delivered 2027
These are the bathrooms, would you buy one?
17
1
61
Just closed on this 5.38% Cap Chick Fill A.
Trophy Asset
It expires in 8 weeks tho
6
2
57
One of the most exciting Listings of my career.
Incredible Asset to fully partake in Miami's Growth Story.
But not just because of how incredible the asset is, but because it's a testament to this amazing
#ReTwit
community.
Will share details at a later time, but pay
3
1
53
3 followers away from 1,000.
When I started this account, I was following
@realEstateTrent
ethos of providing niche content to the newly minted ReTwit community with insight on Miami Retail Markets.
The result has absolutely blown me away. I haven’t spoken at
@harvard
, but I
15
1
56
Miami is still cheap compared to other large cities
LA
Boston
Milan
Singapore
New York
10
1
56
@KenjiCapital
Such a missed opportunity to utilize that basketball court as an amenity 😲🫠
I do love the name
4
0
53
I can now sleep at night knowing
@ArtemTepler
follows me on Twitter 🥹
Jokes aside, Artem’s Construction 🏗️ General Contractor tweets are unparalleled 💯
When I first started in real estate as a freshly hatched adult 🪺, my mentor recommended I start in Construction 🦺
Once
8
2
55
@nickboumerhi
100% and they paid my expected tax to close early as they were financing it. It was my primary so I get a good chunk tax free. A developer bought out the whole building for the land.
6
1
52
Airport reading
Hands down a requirement to read this once a year
Any others like it you recommend I read?
24
1
54
In Miami's most iconic neighborhood -
@WynwoodMiami
- a development site just traded.
These trades are important as they highlight development appetite and optimism during this tumultuous rate hike environment.
The site at 2215 NW 1st Place was assembled back in 2012 for
7
1
53
Highly recommend this podcast.
What stood out most is
@fortworthchris
interesting podcast structure.
Switching between role plays, hypothetical situations and questions.
Really positioned
@BobKnakal
to provide the most value from his experiences.
Loved it.
3
5
51
Downtown Miami will rival Brickell in the next 5 years.
Bookmark it mf’s
After a "Ceremonial groundbreaking" eariler this year Naftali Group is *Finally* playing in the dirt at JEM Miami World Center.
#Miami
#RealEstate
0
2
27
6
3
52
This building is going to be insane 👀🤯
New photo of the Waldorf Astoria Miami site shows how deep they excavated for the foundation. The tower will rise to an unprecedented height of 1,049 ft
📷: Keller
21
67
453
8
1
50
2 hours west of Miami
65 degree weather
Marco Island
9
0
49
I've posted before on land or existing building purchases in Miami's most up & coming neighborhood -
@WynwoodMiami
But what does an exit look like on brand-new construction multi?
@Related_Group
and
@BobZangrillo
sold 29 Wyn Complex of 248 Units to Berkshire Residential
6
1
49
@3NDeveloper
Nailed it. Makes you wonder if this would have happened had he not ran for office. I think it unequivocally would have been no.
2
0
48
Florida State's Live Local Act
It was supposed to be the miracle legislation to force and bypass local municipalities into building more affordable housing.
Specifically, it bypasses public hearings and gives local municipalities a time frame for which they can process a
4
7
48
Government Entities normally overpay for assets, curious to hear how
@MiamiDadeCounty
is justifying paying $205M for a 50% vacant office building that traded for $57M in 2014.
If you follow
@TripleNetInvest
you're privy to the drastic value cuts these assets are facing
The
23
5
47
How can Cities encourage responsible development?
@cityofaventura
uses an interesting incentive called "Hero Housing"
Hero Housing allows developers to tap into density boosts by allocating a certain # of apartments to be Developer-subsidized at 50% of rent for:
1. Police
9
1
47
Sailing with the family kinda day ⛵️
Hope everyone is enjoying the holidays with their loved ones 🎄
5
0
45
Should the Government get involved with this using Tax Payer funds?
30
5
44
I’ve been absent lately
Got a bit of signal - on day 4 of an 8 day hike to the top of Kilimanjaro, Tanzania
See you at the top 🏆🗻
9
1
45
Creativity = $$ in Real Estate
Take this example that just happened in one of my primary sub-markets in Miami:
@cityofhialeah
and how they squeezed out a
@cvspharmacy
in one of the most sought-after intersection corners
In highly density markets, more often than not,
3
4
43