Brickell City Center showed Miami you can build for people, not cars
All week we’re going to be looking at people, companies, and organizations who dominated their sectors in 2016. Tomorrow we’ll be looking at neighborhoods. Other winners: Lyft and Uber (transit), Kairos (tech) Brickell City Center might be the last piece of the puzzle to going truly car-less for Brickell residents who also work there. With restaurants, bars, gyms, grocery stores, and coffee shops every couple blocks, large-scale retail and a movie theater were maybe the only regular needs missing from the neighborhood. And going car-less...
read moreFlorida Was The Nation’s Second-Fastest Growing State Over The Last Year – over 1000 people a day
Over 1,000 people a day moved to Florida over the past year, as people continue to flee cold, high-tax northern states, new Census data shows. For the year, Florida was the second fastest growing state in the nation by raw numbers, behind only Texas. On a percentage basis, Florida ranked fourth behind Utah, Nevada and Idaho, with 1.82% population growth in just one year. Last year, Florida overtook New York to become the third most populous state in the country. Florida’s lead over New York continued to grow over the past year to nearly 1...
read moreMoxy South Beach – 947 Washington Avenue gets nod from preservation board
The second new large-scale development on Washington Avenue this year got a strong endorsement from the Miami Beach Historic Preservation Board. The board’s approval last week will allow the demolition, renovation and restoration of three aging storefronts located at 915, 947 and 955 Washington Avenue to make way for a new Moxy South Beach. David Lichtenstein’s Lightstone Group, which paid $29 million for the structures, which take up nearly the whole block, plans to build the seven-story, 202-room boutique hotel on the block. In May, The...
read moreWhy Miami’s Real Estate Scene Is Still Booming
The Magic City real estate scene remains as hot as the weather and the people it thrives on, proving this is still the place to be. We’ve all seen the headlines: the Zika virus, looming hurricanes, falling real estate sales, declining prices. There’s no question that there’s been a lot of dark news threatening the Greater Miami real estate market lately. But what about the good news? Consider this: In September, the Miami Association of Realtors (MAR) reported that the Miami single-family home market enjoyed its best August in history, with...
read morePatricia Delinois, CEO at Premier Elite Realty talks Art Basel and her philanthropic work
TOP MIAMI REALTOR DELINOIS BEGAN HER CAREER IN REAL ESTATE AT THE AGE OF 19. PATRICIA WAS BORN IN CANADA, LIVED IN NEW YORK AND CENTRAL AMERICA, THEN MOVED TO MIAMI. SHE CONVERSES EASILY IN ENGLISH, SPANISH AND FRENCH. SHE FOUNDED HER OWN COMPANY IN 1997. SINCE THEN, SHE HAS WORKED WITH HUNDREDS OF CLIENTS, INCLUDING INTERNATIONAL CELEBRITIES, BUSINESS EXECUTIVES, PROFESSIONAL, YOUNG SINGLES, COUPLES, AND FAMILIES. HER PRIMARY GOAL FOR THE EXPANDING COMPANY IS TO NEVER LOSE SIGHT OF ITS CUSTOMERS’ NEEDS. HERE SHE ALSO TALKS ABOUT THE ARTS IN...
read moreThe Best of Miami and The Hamptons, Patricia Delinois and Sabrina Barnett
Patricia Delinois AND Sabrina Barnett full article: PHOTOGRAPHY: Geraldine Pavan at The Palms Hotel & Spa THE SUPER COUSINS OF SOUTH FLORIDA THAT DO IT AL L. FROM PHILANTHROPY, ART, FASHION, PUBLIC SPEAKING, REAL ESTATE, POLO, WRITING AND INVESTING Q: Your favorite places in the world are…. SB – As a model growing up I lived in 5 countries. One of my favorite memories was falling asleep hearing horses and buggy’s on the cobble stone streets in Florence from my apartment which overlooked the Duomo. I lived and loved London, Paris and...
read moreSouth Florida residents earn a grand total of $300 billion per year
If you piled up all of the money earned last year by all of the residents in the Miami-Fort Lauderdale-West Palm Beach metro area, you’d wind up with a stack of almost $300 billion. That’s according to the U.S. Bureau of Economic Analysis, which has released its annual rankings of total personal income (TPI). Click on the View Slideshow button for a rundown of the metropolitan areas (including South Florida) that are above $30 billion. TPI is defined as the income received by all residents from all sources (everything from wages to welfare...
read moreNew Yorkers flock to Miami more than any other city during the holiday season
Considering only the deranged can possibly enjoy frigid winter temperatures it’s not surprising to see Miami rank as New Yorker’s No. 1 travel destination during the holiday season. According to Balsam Hill’s interactive map, which reveals the most searched holiday flight destinations in the country, Miami dominates New Yorker’s travel plans. Orlando and Atlanta place second and third, respectively. Click Full Article for more details. Full Article Save Article Article Feedback Share...
read more7,500 People Move To Miami-Dade County Every Month
According to the Miami-Dade Property Appraiser’s office, 7,500 people move to the county every month. Click Full Article for more details. Full Article Save Article Article Feedback Share Article
read moreWhy Are The World’s Top Real Estate Investors Risking Billions On Miami’s Riverfront Renaissance?
Inevitably it seems that rivers are one of two things to a city: either a vital, vibrant artery stitching it historically together (think the Seine through Paris, the Sumida through Tokyo, or the Chicago River through the downtown Windy City), or an industrial, black water pipeline which, decade after decade, sacrifices a thriving, walkable waterfront for a persistent no man’s land of warehouses, ports, power plants, etc. For years, the Miami River flowing through downtown Miami (yes, Miami does have a river, not just beaches) has been a...
read moreMiami buyers get more for less than they would in New York, and elsewhere
Median home price in the U.S. is averaged at $300,000, which gets you, again on average, 1,700 square feet. But when you boil it down, those numbers don’t really mean anything, because they represent too wide an area. That’s precisely why Point 2 Homes applied those U.S. averages to the country’s 50 biggest cities to see what $300,000 could get a homebuyer. In Miami, the answer was more than what they could get in Los Angeles…and Seattle, and Manhattan, and so on. For $300,000, the average Miami buyer could find a 952-square-foot home,...
read moreMiami new construction activity skyrocketing
The Miami new construction market is putting up some of the most impressive numbers in the nation this year, according to research from Dodge Data & Analytics. In October, Miami saw more than $1.108 billion in total residential construction spending, which is a whopping 217 percent increase from Oct. 2015. Furthermore, year-to-date construction spending is a much better indicator of the market’s overall health, and at $6.119 billion, Miami’s market is up 10 percent over the same time period last year. Click Full Article for...
read moreThree upcoming big projects
Miami considers plans for 888 Brickell office tower, Quadro apartments by Alta Developers, and Ellipsis condo Developers are seeking approvals for three major projects in Miami: a Brickell office tower, an apartment building on the Upper Eastside and a boutique condominium in Edgewater. The city’s Urban Development Review Board will consider all three proposals on Dec. 7. Click Full Article for more details. Full Article Save Article Article Feedback Share Article
read moreRitz-Carlton Is Out to Make Art Studios the Latest Must-Have Amenity in Luxury Living
Walk into one of Tatiana Blanco’s parties and you’ll find guests gathered around a blank canvas, not a TV or the kitchen table. “I needed an outlet—a place where I could release my emotions more spontaneously. And I saw that my friends did, too,” says the sculptor from her home and studio in Key Biscayne, a small island town across the bridge from Miami. “That’s when we started making group paintings.” For the past two years, Blanco has provided a communal canvas for friends and visitors to her home, where the tabula rasa has doubled as...
read moreBrickell Avenue in Miami is growing fast, but is it too much?
Philippe Houdard could be Brickell’s future: He has gone car-less. Houdard, the co-founder of office-space sharing firm Pipeline, sold his Honda Accord when he moved to Brickell from South Beach last year. He walks when he goes to dinner. He takes Uber to meetings. “Brickell has the density to do everything I need within several blocks,” Houdard said. “It’s completely changed.” Just a few years ago, Miami’s financial district emptied into a ghost town when law firms and banks shut their doors at night. You could roll a bowling ball down...
read moreSpanish Billionaire buys Miami’s iconic Southeast Financial Center for $500 million
Buying a whole block on Miami Beach’s Lincoln Road simply wasn’t enough for Spanish billionaire Amancio Ortega. The Zara owner has yet again smashed a Miami record with the $500 million purchase of downtown’s Southeast Financial Center, an iconic office building that seller JPMorgan Asset Management began shopping around earlier this year. In a single deal, Ortega has closed on the largest commercial purchase in Miami this year, blowing past the previous high set by Sumitomo Corp. in May when the Japanese conglomerate burst back onto the...
read moreRedevelopment planned in Miami’s Little River
A group that paid $10 million for property in Miami’s Little River neighborhood plans to redevelop it. AHOS 2 LLC, owned by Avra Jain and Joe Del Vecchio, sold the 178,810-square-foot office building at 7942 N.E. 2nd Ave. to MD 79th Holding LLC, managed by Robert Daniels in Miami Beach. Metro 1 Commercial’s Alfredo Riascosrepresented the sellers while Devlin Marinoff of Whitehall Realty and Metro 1 Commercial’s Tony Arellano represented the buyer. Click Full Article for more details. Full Article Save Article Article Feedback Share...
read moreFreddie Mac planning appraisal free mortgages
Giant mortgage investor Freddie Mac plans to dispense with traditional appraisals on some loan applications for home purchases, replacing them with an alternative valuation system that would be free of charge to both lenders and borrowers. Can computers, big data and advanced analytics replace real live humans when it comes to accurately valuing the home you want to buy? One of the two largest financial players in U.S. real estate thinks so and is preparing to introduce changes that could prove momentous — and highly controversial. Click...
read moreMiami a top homebuilding market to watch in 2017
When it comes to homebuilding, Miami is a top 75 market to watch in 2017, according to a joint report from PwC and the Urban Land Institute. The city’s No. 62 ranking comes as little surprise, as Miami, while continuing to see strong residential construction spending, has been losing some of its heat. During the month of September, builders spent more than $267 million on new projects, down 14 percent from the same time last year, while year to date, spending was down 4 percent to $4.9 billion. Those numbers are still higher than several...
read moreBest deal new listing on Fisher Island
Sought after special ground floor residence. Beautiful back patio opens to spectacular Vanderbilt Mansion pool and overlooking Yachts & Marina. Simply step out your back door and walk to the beach. Have this two bedroom plus den be your new paradise! Owner Financing or Creative financing available. Enjoy a world class spa, clubhouse, tennis courts, gourmet market, top rated restaurants, and countless amenities make this a one of a kind of place to live! Click Full Article for more details. Full Article Save Article Article Feedback Share...
read moreA Sneak Peek At Miami’s Brickell City Centre
MIAMI (CBSMiami) — Welcome to Miami’s newest retail destination – the Brickell City Centre. It’s 4.9 million square feet -spanning three city blocks. Swire properties purchased the land eight years ago and it’s been under construction for about four years. “It’s a very exciting time. We’re 91 percent leased and have active negotiations on what little space we have left so its very exciting,” said said Steve Owens, President of Swire Properties. At Tuesday’s media first look press tour, it was plain to see the center is still very much under...
read moreFlorida Overtakes Texas As Third Most Popular State For The Exclusive Forbes 400 Club
Last year billionaire hedge fund manager David Tepper held the title of New Jersey’s richest. But he has since moved (along with his $19 billion firm) to Florida, a state with no estate or personal income tax. Advantageous for him, perhaps: he logged about $1.2 billion in earnings in 2015. Not so much for the Garden State, as it might suffer a budget shortfall once Tepper stops contributing to its tax roll. Last year billionaire hedge fund manager David Tepper held the title of New Jersey’s richest. But he has since moved (along with his $19...
read moreSaks Fifth Avenue President Marc Metrick calls Miami the New York of the South
Most of the stores in Brickell City Centre’s 500,000-square-foot mall weren’t quite ready to ring up sales when the project opened its doors on Thursday, but anchor Saks Fifth Avenue had its 140 employees prepared to greet customers on day one. Saks Fifth Avenue President Marc Metrick flew down from New York to witness the seventh store opening by his company this year. The luxury retailer, a subsidiary of Hudson’s Bay Co. (Toronto Stock Exchange: HBC), has completed most of the interior buildout of the three-story, 107,500-square-foot store...
read morePopulation growth helping state economy recover
WINTER HAVEN — Florida’s unemployment rate and job growth are outpacing their national counterparts, while the U.S. economy continues to recover at a faster clip than the rest of the world. Those were among the topics of conversation at the 13th Annual East Polk Economic Summit. The event took place Wednesday morning at Polk State College’s Winter Haven campus and was highlighted by presentations from a pair of speakers. Allen Sukholitsky is a vice president and senior market strategist with Goldman Sachs Asset Management in New York, and his...
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