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Florida’s wealthiest residents have some new neighbors. An influx of the ultra-rich has boosted Florida to third place for popularity among billionaires in the Forbes 400 list. Nine new billionaires from the Forbes 400 are calling Florida home this year, raising the state’s roster of the ultra-wealthy to 40. That’s also seven more billionaires on the list than...
Blue Road is buying the Crest Hotel Suites in South Beach for $24 million, as it boosts its collection of boutique properties, The Real Deal has learned. The deal is expected to close this week, Blue Road principals Jorge Savloff and Marcelo Tenenbaum told TRD. The Crest, at 1670 James Avenue in Miami Beach, has two adjoining buildings with a total of 69 units,...
Young professionals are increasingly making their homes in the central business district, says a new report by Miami’s Downtown Development Authority: the population has increased 33% since 2010 “and the majority of the population within downtown Miami are highly educated, young working professionals.” Fully 45% are aged 25-44, and more than 50% hold a college...
MIAMI — The Miami single-family home market enjoyed its best August in history, breaking a 22-year record for the most ever August single-family home sales as dollar transaction volume and median prices posted double-digit gains, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system. Miami-Dade...
While Miami may not fare well nationally in important facets of life like safety and affordability, the city clearly knows how to have a good time. Fresh of being ranked the eighth best party city in the world a week ago, Miami just took the No. 3 spot nationally in 2016’s Most Fun Cities in America, according to a study by WalletHub. Their methodology was...
The operators of downtown Miami’s Bayside Marketplace have unveiled a freshened-up look as part of a long-awaited renovation of the nearly 30-year-old festival-style mall and tourist attraction, which for years had been looking tired and even shabby in spots. The extensive face-lift, set to start soon, is the first phase of an overhaul and expansion of the...
