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Buying the perfect home that’s move-in ready may be more elusive than many people think. A shortage of quality listings is forcing some South Floridians to buy lesser homes and renovate. While home renovations are nothing new, today’s buyers are struggling to find exactly what they want, so they’re lowering expectations and rolling up their...
The Miami new construction market continued its solid 2016 performance in July, according to new numbers from Dodge Data & Analytics. In July, Miami saw more than $854 million in total residential construction spending, a pronounced 18 percent decline from July 2015. Year-over-year numbers, though, are notoriously erratic, and indeed, Miami’s year-to-date...
SocialMiami’s Social Season Preview will give you a quick overview of what to expect during the 2016-2017 season. Non-profits can also use the Preview as a tool to help plan their important events during the year. If your event is not listed, just send the information to Melanie. The Social Season Preview will be continually updated, redistributed and...
IMC Equity Group, a North Miami-based investment firm, paid $18 million to acquire a West Kendall shopping center. The fully leased property, a nearly 68,000-square-foot retail center at 15785 Southwest 72nd Street in Miami, is anchored by Dollar Tree, Planet Fitness and Valsan. A Walgreens and new Taco Bell on the site were not part of the deal. It sold for...
Equity markets have shown a surprising post-Brexit bounce. Even more noteworthy has been the stronger performance in global real estate. We have added risk in our tactical asset allocation. In addition to extending our equities overweight position from small to medium, we upgraded real estate from neutral to a small overweight. Market dynamics such as...
One of the central appeals of Miami as a destination city, apart from its culture and beaches, has been its persistent affordability, even through major growth. For the most part, the city still has that, a report from ATTOM, parent company of RealtyTrac, recently confirmed. In its 2016 affordability index, in which a score of 100 equates to baseline...
