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Interest in Miami Real Estate intensifies – Headlines, features, photo and videos from ecns.cn|china|news|chinanews|ecns|cns
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 many international sales (22 percent of unit sales and 36 percent of dollar volume), 1 percent of our international sales are more than some market’s total international...
read moreChinese market growing quickly in South Florida
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 of the Chinese market in South Florida is ready to grow. CMC is marketing its Brickell Flatiron project, a 549-unit 64-story tower in Brickell, to Chinese buyers. “Chinese buyers...
read moreIndia’s real estate bubble could be Miami’s gain
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 Teresa King Kinney said. In fact, India is the third-largest foreign buyer of U.S. residential real estate, according to the National Association. Indian buyers from April 2015 to March...
read moreMiami sees continued population growth downtown, countering trend
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 the Wall Street Journal. Notably, within Florida, cities such as Jacksonville, Orlando, Tampa and Miami all saw population rise last year, countering the national slowdown trend....
read moreBillionaire Vladislav Doronin’s OKO Group hires Adrian Smith + Gordon Gill Architecture to design Worlds tallest tower
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 firm’s first project in Miami. Other projects by the Chicago-based firm and its principals include Burj Khalifa in Dubia (the world’s tallest building), Jeddah Tower in Saudi Arabia...
read moreFirst look at MDM Development’s new design of Miami Worldcenter Hotel & Expo Center
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 Arena is part of the Miami Worldcenter mixed-use project. In March, MDM Development announced that it would scale down the projectfrom 1,800 rooms to 1,700 rooms and build it in two phases:...
read moreOver-the-top amenities are a given in today’s luxury condo buildings
Jet-set travelers who own homes in multiple places around the globe have high expectations. So high, in fact, that one Miami condominium building is offering buyers a one-year membership to Jetsmarter, a service that provides rides on private planes between major cities. Stellar service and valuable amenities are an expected part of the package when you buy a luxury condo in Miami, New York City and Washington, but tastes and needs vary from one city to another. Whereas a doorman greets homeowners and guests at nearly every New York...
read moreBoutique is the new black- Condos Miami
Boutique condo projects designed to appeal to buyers seeking the privacy of a single-family home with the convenience of a condominium are rising up across South Florida. Developers say they’re turning to smaller projects in order to attract baby boomers accustomed to single-family homes amid lagging interest from the region’s typical foreign condo buyers. Market experts say this trend is also motivated by the desire to limit investment risk late in the economic cycle. “The last thing they want in this stage of the cycle is a big project...
read moreMiami Beach moves to create North Beach Historic Districts
The Miami Beach Historic Preservation Board on Tuesday recommended creating two local historic districts in the city’s North Beach neighborhood. Now it’s up to the Miami Beach City Commission, which will likely begin discussions on the creating the districts at its monthly meeting next week. Discussions about creating local historic districts in North Beach, the part of the city that stretches from 63rd Street to 87th Terrace and between the Atlantic Ocean and Biscayne Bay, have been going on for several years, but it was only after the city...
read moreGindi Family plans major Wynwood retail project after $53 million dollar purchase
In one of Wynwood’s largest deals to date, the Gindis, famous for their ownership of the Century 21 Department Store chain, just paid $53.5 million for a chunk of Wynwood property where they are planning a two-story retail development. The family, acting through their company ASG Equities, bought the buildings at 2600-2630 Northwest Second Avenue just a block away from the Wynwood Walls, according to the Miami Herald. The properties house 41,616 square feet of space and sit on 42,000 square feet of land, so the sale breaks down to more than...
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