residential and commercial real estate: Housing Styles in Sunny Isles
- 09/15/14 04:51 AM
Sunny Isles Beach Miami Florida is one of the most popular places in the country for those who are looking for high quality properties. The sales in the area are quite brisk and the homes are never far from the beaches, and it is just a short drive to Miami and Fort Lauderdale airports. The location, the weather, and the abundance of great properties combine to make the area one of the most sought after locations. Of course, those who are thinking about moving to the area, or buying a vacation home or investment property in Sunny Isles would probably … (1 comments)
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residential and commercial real estate: Neighbors to the North Love Pre-Construction Condos In Miami Florida
- 09/15/14 04:41 AM
Many Canadians and Europeans love flying south for the winter and staying in those beautiful, warm locales that their home country simply can’t offer. While some are content simply taking a vacation and renting properties, a growing number are actually looking to buy. The interest rates are still quite low, and it does make more sense to buy a home, or a vacation home, right now. However, those who want to buy a property in Miami Florida should know a few things before they start making their purchase.
What’s the Market Like Now? Just a couple of years ago, the … (0 comments)
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residential and commercial real estate: Miami Condos Sell Briskly in the Boom
- 09/15/14 04:16 AM
Over the past couple of years, the Miami area has been going through a real estate renaissance, a real boom in the market. The sales of the units in all South Florida locations, and especially in Miami area has been quite brisk, and that led developers to building even more towers and adding more units to the market. Again, they continued, and they continue, to sell very well. In fact, there have been tens of thousands of new units proposed in the region since the boom started a couple of years ago in 2011. They’ve already sold close to 10,150 … (0 comments)
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residential and commercial real estate: Armani Working on Building in Sunny Beach Isles
- 09/15/14 03:57 AM
A number of collaborations between developers and other individuals and groups have been happening in the North Miami Beach area. One of the recent announcements put the Italian company Fendi into the real estate game, but they are certainly not the only ones to enter the field. Armani recently announced that they would be collaborating with Dezer Development and the Related Group on a project in the popular area of Sunny Isles Beach. They announced this collaboration in early July, and it already has people quite excited about what they could see from the group’s collaboration.
What Is Armani? Armani … (1 comments)
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residential and commercial real estate: Financial Trouble in Argentina Mean Trouble For Miami’s Real Estate
- 09/15/14 03:44 AM
Many foreigners are investing quite heavily in the South Florida region, especially in Miami condos and that’s great news for developers and agents looking to move property. Many of the buyers are from Argentina, and they’ve been a steady source of sales through much of this latest real estate boom. However, recent financial issues in Argentina have been causing many in the real estate market to wonder just how it might affect them.
The Cause... The credit rating agency called Standard & Poor’s provides credit ratings for nations. The rating they gave to Argentina in August of 2014 was less than … (0 comments)
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residential and commercial real estate: Penthouse at St. Regis Bal Harbour Sells for $22.75 Million
- 07/16/14 04:29 AM
Recently, the south tower penthouse, unit 2501, sold for a whopping $22.75 million at St. Regis Bal Harbour. The previous owner was a Delaware corporation owned by Yuriy Kosyuk, a Ukrainian billionaire who made his money in poultry and food products. Strangely enough, the buyer also happens to be a company from Delaware.
What Makes the Unit and Building Special? The unit is massive, measuring 14,129 square feet. It includes 11 bedrooms and 12.5 bathrooms. It’s also relatively new, since the tower only went up a couple of years ago. Originally, the space was going to be five separate units, but … (2 comments)
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residential and commercial real estate: Do Not Fear the Supposed Condo Bubble Yet
- 07/16/14 03:50 AM
Some people are starting to worry that we could be facing another real estate bubble in the South Florida area, but many experts feel that these fears are premature. They feel that there is still plenty of room for growth in the counties of Palm Beach, Broward, and Miami-Dade. One of the reasons for the fear is that developers in the area are already proposing a large number of additional condominium units in the area – more than 33,000 of them in fact. Click Here To View All Pre-Construction Condos In Miami
Where Will the New Units Be? Currently, the downtown … (0 comments)
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residential and commercial real estate: Grant Cardone Gets Into the Real Estate Game
- 07/16/14 03:20 AM
It seems that Grant Cardone is now getting into the real estate field, and he’s doing so in quite a big way. Over just the past two years, he has already spent $250 million on properties all around Florida. He says that this first push is just the beginning, and hopes that he can invest a billion into the state before the close of the decade. In an interview, he said that there are many reasons to keep buying properties in Florida, so it doesn’t make sense to stop.It’s true that Florida is a very popular place when it comes to … (0 comments)
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residential and commercial real estate: Planned Water Park in South Florida Will Help Residents Keep Cool
- 07/16/14 03:06 AM
Florida’s a great place to live, but we know just how hot and balmy it can get during the summer, and actually throughout much of the year for that matter. Fortunately, you can find some great ways to keep cool. Some head to the beach, while others seek refuge in air-conditioned homes, bars, shops, and restaurants. Another great way to beat the heat is to visit a water park, and South Florida might just be getting a brand new park that residents and vacationers alike will love.
ig Plans for the Park Schlitterbahn Waterparks is planning a park that will be … (0 comments)
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residential and commercial real estate: Home Prices in Miami Beach and South Florida Rose in April
- 07/16/14 02:02 AM
One of the constants in Miami as well as South Florida is that the quality of the condominiums and other properties that are available never seems to wane. However, this also means that the prices of those homes tend to rise as well. It is starting to become a buyer’s market once again, and those who are going to be buying soon should see this as a promising sign.
The Numbers Currently, the median price of a single-family home in the Miami-Dade area is up by about 8%, hitting $243,000. The median condominium price rose by an even higher percentage … (0 comments)
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residential and commercial real estate: Sunny Isles Beach Will Pay $250,000 for Solis Building Demolition
- 06/17/14 04:23 AM
If Edgardo DeFortuna and Manuel Grosskopf can get a demolition permit for the hulking, half-built structure on their newly acquired Solis site, the city of Sunny Isles Beach has agreed to give them a pretty serious perk. If DeFortuna and Grosskopf demolish the Solis building, they’ll receive a $250,000 credit, which will go to the cost of the Transfer of Development Rights on the property.
Last year, DeFortuna’s Fortune International purchased the property (through their subsidiary, Sunny Isles Property Venture, LLC) for just under $41 million. Beachfront property in Sunny Isles Beach is prime real estate, as you can tell … (0 comments)
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residential and commercial real estate: Staying On Top – Jorge Perez Has Learned Some Lessons
- 06/17/14 03:43 AM
You don’t get to be one of the 400 wealthiest people in the United States by making poor business and investment decisions. And you certainly don’t stay on the list by refusing to learn from your mistakes or refusing to change with the times. Jorge Perez – with his net worth estimated at around $1.6 billion – is no fool, and he doesn’t plan on letting his wealth dwindle away.
CEO of the Related Group, Perez is a serious Miami real estate mogul, and what does a man who’s spent (and made) as much money on real estate as he … (0 comments)
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residential and commercial real estate: SLS Residences Brickell Miami Pre-Construction Project
- 06/17/14 03:15 AM
Introducing the newest and the hottest pre-construction project SLS Brickell Condo Hotel located in the most desirable Brickell Ave, right next to the new 5 million square foot Brickell CityCentre in Downtown Miami. The new SLS Condo will rise 57 stories and will feature 133 hotel rooms and 450 residences. It will host 5 top restaurants creating fine dining, and chic entertainment in Miami’s most exciting and sophisticated downtown area.
The 450 luxury condominiums will all feature private elevators, 9 and 10 foot ceilings, 12 foot in the penthouses, custom gourmet kitchens and panoramic skyline overlooking Biscayne Bay and Atlantic Ocean.
… (0 comments)
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residential and commercial real estate: Pumpkin Key for Sale
- 06/16/14 07:03 AM
Have you ever dreamed of owning your very own island? Many have, but few get the chance to realize the dream. Right now, though, you have the chance to make it happen. Pumpkin Key, Florida is for sale. Its owner – the widow of George Berry, a Chicago businessman – has listed the property with Sotheby’s Realty for $110 million. Whether you’re purchasing for your retirement or as an investment opportunity, this is an offer that only comes around once in a lifetime!
If the price seems a bit steep, well, then you aren’t looking at the big picture. You’re … (0 comments)
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residential and commercial real estate: Russian Oligarch Brings Money to Miami Real Estate
- 06/16/14 06:17 AM
One of the indicators of a strong housing market in Miami is evidenced by the return of condo flippers and developers to Miami's Greater Downtown area. Prominent among these investors flocking back to southern Florida is Russian Billionaire Oleg Baybakov, who made his billions in the mining industry. His new real estate investment company, 700 Edgewater Development, recently paid $21.5 million for a 37,462 sq. ft. property in the Edgewater neighborhood.
What’s Going On In Edgewater? Located between Downtown and the Upper East Side of Miami, Edgewater is a burgeoning neighborhood, replete with historic 20th century homes, as well as … (0 comments)
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residential and commercial real estate: Profits are Up for Bal Harbour Shops
- 05/19/14 03:43 AM
The retail stores at Bal Harbour Shops had a great year in 2013. Average sales rose 7.4 percent over 2012, and South Florida Business Journal has reported that shops averaged $2,800 per square foot of profits.
More than a few retail tenants took this profitable opportunity to expand their shops. Among those who decided to take advantage and grow their businesses were the Prada and Dolce & Gabbana stores.
Matthew Whitman Lazenby, operating partner at Bal Harbour Shops, has said that the specialty department stores in the shopping center – Saks Fifth Avenue and Neiman Marcus – showed increased profit percentages … (0 comments)
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residential and commercial real estate: Arquitectonica Wins Against Seiger Suarez Infringement Accusations
- 05/19/14 03:16 AM
If you’ve been following the case of architect Sieger Suarez versus Arquitectonica International, you already know that Sieger Suarez Architectural Partnership sued Arquitectonica for using plans their architects had created over a decade ago before they were replaced for the Portofino South Beach project.
Twelve years after the firm was replaced, Sieger Suarez brought litigation against Arquitectonica, stating that they not only used Sieger Suarez designs, but that the developers also did not pay an invoice for $150,000.
However, as John Shubin – one of Arquitectonica’s attorneys and a partner at Miami’s Shubin & Bass law firm – states, the claim … (0 comments)
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residential and commercial real estate: Miami Condo Developers Are Reaching for the Sky
- 05/19/14 02:56 AM
The real estate in Miami has been stabilizing during the past several years, but now it’s starting to take off again.
Just look at the race that some Miami developers are in for who can build the tallest skyscraper in Miami.
First there was developer Jeffrey Berkowitz, who’s gained approval to break ground on an observation tower that will be over 1,000 feet tall.
Joining the race for tallest building is Swire Properties, with a proposal for a 1,049-foot-tall condo tower.
Who Will Get Approval Developers will need to get the approval of the FAA to climb that high in the … (0 comments)
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residential and commercial real estate: Miami Considers Benefits of Soccer Stadium Over Retail and Tourism
- 05/19/14 02:25 AM
Port of Miami is in a hard situation right now. The city has to decide which of two development ventures will be better for revenue, Miami real estate investments, and property values.
On the one hand, they have David Beckham promising to bring his soccer team to Miami if the city will supply a waterfront stadium on 9 acres of land.
On the other, that land was supposed to be promised to a proposed center for trade and tourism, which would have about 7 million square feet of potentially revenue-generating space.
The Argument for the Stadium If David Beckham can bring … (3 comments)
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residential and commercial real estate: Miami in the Movies
- 05/19/14 01:52 AM
Miami has a rich and unique relationship with the big screen and Hollywood, which dates back decades. Not only is southern Florida’s most bustling metropolis famous the world over thanks to films like the 1924 silent classic “Miami”, the hit TV show “Dexter”, and both the TV and film versions of “Miami Vice”, but Hollywood literally comes to Miami on a regular basis. And when it does, it brings its revenue with it.
Miami & The Oscars When “The Godfather: Part II”, which has a few very important scenes filmed in the Miami area, won 6 Oscars, it brought a lot … (0 comments)
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