Florida Commercial Real Estate News
Walter B. Duke, III, MAI, CCIM
Serving the Florida Commercial Real Estate Market Since 1975
The Latest Rage In
COMMERCIAL REAL ESTATE 
The Treasury finally announced more precise  rules for the eagerly anticipated Opportunity Zone program and billions in capital are lining up to invest in real estate development within these zones.  Part of President Trump's Tax Plan, the program is intended to serve a catalyst for economic development in blighted areas across the country in areas designated Opportunity Zones. Opportunity Zone tax break rules offer flexibility to developers and favorable treatment to investors deferring, and possibly eliminating capital gains, which can be transferred from other investments tax-free.
BY THE NUMBERS
$100 Billion   Today's program promises to deliver over $100 billion. Kemp's Enterprise Zones and Clinton's Empowerment Zones were responsible for less than $2 billion in small business incentives across 200 zones. 
8,700  The number of zones selected by each State's Governor. These zones cover nearly 12% of the United States. 

$9.4 Billion  The projected reduction in Federal revenue between 2018 and 2022 according to the Joint Committee on Taxation.

35 Million 
The number of p eople that live in the opportunity zones. If Secretary Mnuchin's conservative estimate is right; it will translate to an average of more than $7,300 in investment for each household in these communities.  

80% 
The increase in sales of development sites in opportunity zones nationwide during the first three quarters of 2018 over last year according to Real Capital Analytics.  Asking prices are being increased by more than 50% according to a recent article in the Wall Street Journal. 
2  
The number of key benefits to investors. First, they can roll capital gains from an unrelated investment into a zone and defer those capital-gains taxes until the end of 2026.   Those taxes can be reduced by as much as 15% if investors hold on to their zone investments long enough.  Second, taxes on capital gains from investments in the zones can be avoided if the investments are held for at least 10 years.  
427 
The number of zones in Florida.   The full list of Florida census tracts nominated by Florida Governor Scott can be found HERE.


Trusted

Walter Duke + Partners is a leading provider of commercial real estate and business valuation solutions providing trusted advice to our clients who have Florida real estate interests.
Competent

Walter Duke + Partners has as deep client base of varied interests developed over four decades of service. We work closely with our clients to help them be successful.
Invested

Walter Duke + Partners believes kindness can transform someone's dark moment with a blaze of light so we share our good fortune with our community by giving back and being invested.

Walter B. Duke, III, MAI, CCIM
Duke appointed to CCIM Fort Lauderdale-Broward District Board of Directors

The  CCIM designation  is conferred upon commercial real estate leaders who have a proven record of success in the field and have demonstrated a mastery of financial, market, and investment analysis. 
Broward County Property Appraiser Marty Kiar and his Commercial Real Estate Team
"The New City"

CCIM Fort Lauderdale-Broward District recently hosted "The New City"  How Global Changes are Impacting Local Market Commercial Real Estate at Signature Grand. Special Guest Speakers included Spencer Levy , Americas Head of Research, Senior Economic Advisor at CBRE and Broward County Property Appraiser Marty Kiar. 
Marina & Boatyard Valuation Division Filming 
Marinas & Boatyards

We are n ationally known as a leading provider of boatyard and marina appraisal and valuation services to the Florida marine industry. We were thrilled to be a part of "Salty Jobs" which is a new educational video series from the Marine Industries Association of South Florida, hosted by Director of Development Sean Smith, that showcases marine industry career opportunities in the South Florida area. The goal of this series is to introduce a wide range of jobs associated with the marine industry to local schools, workforce agencies, and the public. 


Walter Duke + Partners is a market leading provider of valuation advisory and market metrics to a variety of private, government, institutional and non-profit clients in the Florida market. Visit our website www.walterdukeandpartners.com or call us today!    
Walter B. Duke, III, MAI, CCIM | Walter Duke + Partners | 954-587-2701    [email protected] | www.walterdukeandpartners.com
STAY CONNECTED: