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Miami’s Wynwood neighborhood’s current incarnation as an arts district and retail and nightlife cultural hub took off in the mid-2000s when Goldman Properties and its founder Tony Goldman began buying up chunks of the neighborhood in 2006. Now, a decade later, the neighborhood is entering its next stage as a work/live destination. In addition to Goldman...
Progress on the $3.1 billion Brightline Express train project is on track. The Brightline Express project will bring high-speed train travel to commuters from Miami to Orlando, with stops in Fort Lauderdale and West Palm Beach. The Brightline railroad’s Phase 2 — the West Palm Beach-to-Orlando section — is expected to be ready for service after Orlando...
Good news for Miami real estate players hungry for Asian capital. A report from commercial brokerage CBRE shows more than half a billion dollars worth of Asian cash flowed into Miami real estate during this year’s first six months, making it the country’s fourth-most popular destination for investments from across the Pacific. According to the report, Asian...
Chinese buyers have doubled their residential property purchases in South Florida over the last four years, growing from 1 percent of all international sales in 2011 to 2 percent in 2015, according to the 2015 Miami Profile of International Home Buyers released by the Miami Association of Realtors. “That may not sound like much, but because Miami has so...
Wealthy Chinese buyers have been buying so many homes in the United States that they are the top foreign country purchasing property in the U.S – for the fourth year in a row. Those home sales totaled more than $27 billion. But in South Florida, the response hasn’t been so strong. Vanessa Grout, president of CMC Real Estate, told the Washington Post the share...
This year has seen the Miami Association of Realtors make some big moves to strengthen its international network, which included association representatives traveling to India in August to try and sell the South Florida market. “India is one of the fastest growing economies in the world and ranks among the largest foreign buyers of U.S. real estate,” MIAMI CEO...
