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2016/2017 Miami Events – Social Season Preview – SocialMiami
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 archived on SocialMiami’s homepage. SocialMiami’s 10th Annual Gala Guide, providing pre- and post-event publicity, will be published in early September. The deadline to add...
read moreMiami Investment group buying strip centers and retail shops
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 close to $265 per square foot, Marcus & Millichap announced on Monday. Kirk D. Olson and Drew A. Kristol, both vice presidents of investments, represented the seller, RREF II WSS...
read moreReal estate riding the post-Brexit wave – NN Investment Partners
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 sentiment, price momentum and flow dynamics have improved for both asset classes. Real estate, in particular, is a beneficiary of the search for yield in the current low-growth, low-yield...
read moreGreater Miami still affordable according to new index
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 affordable, all three of the Greater Miami counties analyzed were above the affordability threshold. The most affordable was Palm Beach County, which had an index score of 111. However, further...
read moreIMC Equity Group on a real estate shopping spree, passes $1 billion in assets
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 Group. Sabadell United Bankprovided a $12.6 million loan to the buyer. Click FULL ARTICLE to read more details. Full Article Save Article Article Feedback Share...
read moreWith shortage of homes, today’s buyers turning more to fixer-uppers
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 FULL ARTICLE below here to read more aetails. Full Article Save Article Article Feedback Share Article
read moreMiami ranked 4th best graffiti city in America
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 aesthetics. Sure, some pieces simply put forth a stunning visual, but others offer a real political message that becomes more apparent following each visit. Miami ranked behind only New...
read moreAmazon in Miami $198 million fulfillment center over $51 million in Real Estate
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 855,000-square-foot distribution warehouse that’s set to break ground during the third quarter of next year, according to the publication. Amazon currently operates a fulfillment center near Doral...
read moreMiami home price appreciation approaches 5 consecutive years
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 bargain” by the association’s measure. Click Full Article for more details. Full Article Save Article Article Feedback Share Article
read moreU.S. consumer confidence hits one-year high
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 month to 86.4 in August. “Consumer confidence improved in August to its highest level in nearly a year, after a marginal decline in July,” says Lynn Franco, director of economic...
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