25 Old-School Miami Restaurants, Bars and Markets Still Worth Visiting
Miami might be a young city in the grand scheme of things — it was only incorporated in 1896 — but we still have plenty of spots that have some history behind them that also serve solid food and drink. We’ve rounded up the top 25 places in the Magic City worthy of checking out where you can can get a heaping side of nostalgia along with a delicious meal and beverage. Click Full Article for more details. Full Article Save Article Article Feedback Share Article
read moreNAR: Pending Home Sales Edge Up In September
Key Takeaways After a dismal August, NAR’s Pending Home Sales Index rebounded to the fifth highest numbers seen in a year. September’s PHSI rose 1.5 percent to 110.0 from a downwardly revised 108.4 in August. Everyone loves a good comeback. In January, the Cleveland Cavaliers rebounded from a 3-1 finals performance to clinch the top spot in the NBA. In a week, the Chicago Cubs may complete one of the greatest comebacks ever by winning the World Series for the first time since 1908. And, according to the National Association of...
read moreArt Miami Announces this Year’s Selection of Art Basel week International Exhibitors
Art Miami, returning for its 27th installment during Art Week in Miami, opening November 29 and continuing through December 4, has announced its 2016 exhibitor list. One of the nation’s leading international contemporary and modern art fairs will showcase an array of iconic and exemplary works, dynamic projects and special installations from more than 130 international exhibitors. This year’s fair kicks off on Tuesday evening with a VIP Private Preview to benefit Pérez Art Museum Miami (PAMM) in the Art Miami Pavilion (3101 NE...
read moreA credit card’s impact on credit scores has changed
NEW YORK – Oct. 27, 2016 – Applying for a home loan? You may want to consider paying off your credit card bill first. Thanks to a recent change by major credit rating agencies, mortgage lenders can now look at whether you pay off your bill every month or keep a balance. That means homebuyers who pay off their credit cards may earn an advantage when looking for a mortgage. Historically lenders reviewed basic information such as your total debt and whether you were on-time with your payments when deciding whether to make a home loan. But they...
read moreMiami home prices up $50,000 since last year in September
Miami home sales fell yet again in September, but the market’s mid-section continued to prove popular among buyers, according to a joint report from the Miami Association of Realtors and the local MLS. Across Miami-Dade County, total sales of all property types fell 14.7 percent year-over-year, while single-family sales fell 10.8 percent and condo sales slipped 18.3 percent. Market-wide demand has been falling most of the year, especially compared to the record and near-record years of 2013 and 2014. Huge price gains this year A positive stat...
read moreFlorida real estate market rapidly returning to ‘normal’
WASHINGTON – Oct. 26, 2016 – According to Freddie Mac, the nation’s housing market is almost back to normal or, in Freddie’s terms, “on the outer edge of its historic benchmark range of housing activity.” The study also found that Florida and many of its metro areas are improving quickly. The state came in second to Nevada as “most improved,” and four metro areas made the top five for most improved month-to-month: Las Vegas, Palm Bay, Tampa, Orlando and Sarasota. In Freddie Mac’s list of metro areas...
read moreMetrorail and Metromover will run late on weekends
A goal Miami’s Downtown Development Authority has been pursuing for more than a year – late-night service on Metrorail and Metromover – will finally be realized by the end of this month. On Friday and Saturday nights, Metrorail and Metromover will run until 2 a.m., said Alice Bravo, director of the county’s Transportation & Public Works Department. “We have many more restaurants and hotels downtown, a big hospitality sector, and the extended hours will help people working in the medical industry at the Civic Center,” Ms. Bravo told an...
read moreCoconut Grove’s luxury real estate market on the rise | Miami Herald
As Miami’s primordial neighborhood, Coconut Grove evokes passion and pride among its residents past and current. Long considered Miami’s dormant market, the Grove has most recently come alive with vast opportunity driven by the demand of both residential and rental sales that includes new plans, preconstruction deals and surging prices. The Grove’s vast green canopy is a shield that has preserved the neighborhood as the area’s longstanding enclave. Nestled in the heart of Miami, Coconut Grove upholds the true character of luxury living. In...
read moreNEIGHBORHOOD TOUR: Wynwood ready for development boom as it grows up
Miami’s Wynwood neighborhood’s current incarnation as an arts district and retail and nightlife cultural hub took off in the mid-2000s when Goldman Properties and its founder Tony Goldman began buying up chunks of the neighborhood in 2006. Now, a decade later, the neighborhood is entering its next stage as a work/live destination. In addition to Goldman Properties, which still has significant interests in the neighborhood, developers and investors from far and wide are working to build up Wynwood. First came the multitude of murals, art...
read moreMiami-to-Orlando train Brightline Express 3.1 billion dollar project on track
Progress on the $3.1 billion Brightline Express train project is on track. The Brightline Express project will bring high-speed train travel to commuters from Miami to Orlando, with stops in Fort Lauderdale and West Palm Beach. The Brightline railroad’s Phase 2 — the West Palm Beach-to-Orlando section — is expected to be ready for service after Orlando International Airport’s $215 million Intermodal Transportation Facility is finished in 2017. All Aboard Florida, the company building the Brightline Express, is owned by Florida...
read moreMiami ranks 4th in US for Asian investment
Good news for Miami real estate players hungry for Asian capital. A report from commercial brokerage CBRE shows more than half a billion dollars worth of Asian cash flowed into Miami real estate during this year’s first six months, making it the country’s fourth-most popular destination for investments from across the Pacific. According to the report, Asian investors spent $665 million on real estate in Miami during the first half of this year, marking a massive jump in volume from the $34 million during the same time period in 2015. The flow...
read moreInterest 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...
read moreFlorida Jumps Texas as third most popular state among billionaires- Forbes
Florida’s wealthiest residents have some new neighbors. An influx of the ultra-rich has boosted Florida to third place for popularity among billionaires in the Forbes 400 list. Nine new billionaires from the Forbes 400 are calling Florida home this year, raising the state’s roster of the ultra-wealthy to 40. That’s also seven more billionaires on the list than Texas’s 33, the lowest number the state has seen since 2000, according to Forbes. And as one might expect, many of Florida’s richest made their billions from real estate. By The Real...
read moreCrest Hotel Suites Miami Beach sells for $24 million
Blue Road is buying the Crest Hotel Suites in South Beach for $24 million, as it boosts its collection of boutique properties, The Real Deal has learned. The deal is expected to close this week, Blue Road principals Jorge Savloff and Marcelo Tenenbaum told TRD. The Crest, at 1670 James Avenue in Miami Beach, has two adjoining buildings with a total of 69 units, including suites and hotel rooms. The Art Deco property also has a pool and restaurant called Café de Crest with a liquor license, Tenenbaum said. The price breaks down to $347,826 per...
read morePopulation of downtown Miami grows by a third in six years
Young professionals are increasingly making their homes in the central business district, says a new report by Miami’s Downtown Development Authority: the population has increased 33% since 2010 “and the majority of the population within downtown Miami are highly educated, young working professionals.” Fully 45% are aged 25-44, and more than 50% hold a college degree, the report says. For study purposes, the authority defined downtown as a 3.8-square-mile area between Biscayne Bay and I-95 on the east and west, and between the Rickenbacker...
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