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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...
As cities across the US continue to see population growth slow as residents uproot for the suburbs or other cities altogether, Miami continues to see growth in its urban core, countering the national trend. According to the US Census Bureau, the top 50 US cities accounted for 20% of national population growth for the 12 months end July 1, 2015, as reported by...
OKO Group, led by billionaire Russian-born developer Vladislav Doronin hired Adrian Smith + Gordon Gill Architecture to design its condo tower planned in Miami’s booming Brickell neighborhood. The developer hasn’t revealed the details of the proposed tower other than to say it would be 47-story tall, so it’s up to AS+GG to create the building. This will be the...
The developers of the Marriott Marquis Miami Worldcenter Hotel & Expo Center will have their revised plans reviewed by the city. On Oct. 19, Miami’s Urban Design Review Board will consider the new plan by P&G Investors, an affiliate of MDM Development, for what would be South Florida’s largest hotel at 700 N. Miami Ave. The former site of the Miami...
