Michael Gerrity, Founder & CEO - WORLD PROPERTY JOURNAL™
Besides running the day to day operations of the WORLD PROPERTY JOURNAL, Mr. Gerrity has also served on several Boards over the last decade that include the Central Florida Technology Partnership's Digital Media Advisory Board, City of Orlando’s Technology Board, The Economic Development Commission’s Film & Television Board and he is a founding Board Member of Digital Media Alliance Florida - a statewide digital media industry association. In addition he is a member of the National Association of Real Estate Editors (NAREE).
As founder and CEO of the WORLD PROPERTY JOURNAL, Mr. Gerrity has also been interviewed over the last few years by numerous local and national news media organizations that include NBC Nightly News with Brian Williams, NBC Today Show, TIME Magazine, Orlando Sentinel, Orlando Business Journal, The New York Times, Palm Beach Post and Florida Trend Magazine. Mr. Gerrity was also awarded the prestigious "40 under 40" Entrepreneur Achievement Award of Central Florida from the Orlando Business Journal in 2000.
Royal Westmoreland in Barbados has reported the best sales period in more than ten years, with $60 million of its villa sales coming largely from Brits. The sales upturn shows that the appetite for overseas property is returning.
According to the Miami Association of Realtors, Miami's luxury properties saw a significant year-over-year rise in median sales prices in the first quarter of 2015.
Asia continued to dominate the world's most expensive office locations, accounting for four of the top five markets. London's West End remains the world's highest-priced office market.
Owners of small buildings in the U.S. have an opportunity to differentiate themselves by implementing energy-efficient practices
Australian developers pounced on close to $4 billion of inner city residential sites in Sydney, Brisbane and Melbourne in the 12 months to April 2015, with offshore buyers leading the charge.
According to the Miami Association of Realtors, median sales prices for Miami single-family homes and condominiums each registered double-digit growth while total residential sales increased in May 2015.
According to a new report by Wealth-X and the Sotheby's International Realty released this week, ultra wealthy individuals are buying up luxury homes around the world to further diversify their holdings.
According to Homes.com's April 2015 Local Market Index report, among the nation's top 300 markets, 137 markets (46 percent) have now achieved full pricing recovery in April, compared to 130 markets (43 percent) in March's report.
London's West End continued to be the world's highest-priced office market but Asia dominated the world's most expensive office locations.
According to international real estate consultancy Knight Frank, the recovery for UK's commercial property is again turning multi-speed, with office and retail sectors living in different worlds.
CBRE is predicting that lower currency fluctuations and less exchange rate volatility in the next three years will have a reduced impact on regional property markets and international investor sentiment across Asia.
Commercial real estate markets are improving with Realtors specializing in commercial real estate reported an increase in annual gross income
As an estimated half a billion people rise into middle class status in the coming two decades all across Asia, their ability to travel will be a boon for the global airline industry.
The number of 'Zombie Homes' - homes that are vacated and waiting in the legal foreclosure process by lenders - is down ten percent in Q2, 2015 from the same period last year.
Global real estate markets are most vulnerable in economies with not just a greater dependency on oil but also in those with a high cost of oil production.
According to Knight Frank's latest ROMP report, the substantial weight of money targeting regional UK offices has led to further yield compression in the regions.
According to Phidar Advisory's Q2 mid-quarter Dubai residential research report, shows that residential prices continue to decline in the first six weeks of Q2, compared to Q1-15.
Miami's commercial vacancy rates continue to rank among the lowest in Florida, leading to more local investment from global companies and investors.
Property investors and lenders have a new dose of confidence in the nation's strengthening commercial real estate market, with the most positive assessment in the U.S. economy in years.
More than 6.6 million U.S. homes on the Atlantic and Gulf coasts are at risk of hurricane storm surge inundation with a total reconstruction cost value of nearly $1.5 trillion.