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North Miami-based IMC Equity Group now owns more than $1 billion in real estate after its $18 million acquisition of West Sunset Square in West Kendall. RREF WSS Acquisitions, an affiliate of Lennar Corp. (NYSE: LEN) subsidiary Rialto, sold the retail center at 15785 S.W. 72nd Street with about 65,000 square feet of leasable space to an affiliate of IMC Equity...
Strong sales over the past four years have depleted the supply of homes in the tricounty region, and that scarcity is the main reason prices continue to rise, analysts say. Broward County had 5,396 active listings at the end of July, a decrease of 12 percent compared with a year ago, according to figures from the Greater Fort Lauderdale Realtors. Please click...
In a column centered around “the best graffiti walls in the US,” Miami ranks fourth, says the New York Post: Befitting the South Florida oasis, the murals here are known for their bright colors that dazzle in the warm glow of the sun. But don’t let those breezy tropical yellows, oranges, reds and blues trick you into thinking the art is just for...
Amazon in Miami $198 million fulfillment center over $51 million in Real Estate. A company that the South Florida Business Journal said could be Amazon.com applied for $1.5 million in county and state job incentives to build the high-tech facility in Opa-Locka. “Project Sol” would also invest $147 million in personal property and equipment for an...
For 56 consecutive months, single-family home prices have appreciated in Miami, a report from the Miami Association of Realtors and the local MLS confirmed. In July, the median sales price reached $299,000. Condo price appreciation has been similarly predictable, rising 60 of the last 62 months, bringing the median sales price to $225,000. Still “a major...
NEW YORK – Aug. 30, 2016 – The Conference Board Consumer Confidence Index, which had decreased slightly in July, increased in August. The Index now stands at 101.1 compared to 96.7 in July. The Present Situation Index rose from 118.8 to 123.0, while the Expectations Index that gauges consumers’ expectations six months from now improved from 82.0 last...
