Best August in History for Miami Single-Family Homes
MIAMI — The Miami single-family home market enjoyed its best August in history, breaking a 22-year record for the most ever August single-family home sales as dollar transaction volume and median prices posted double-digit gains, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system. Miami-Dade County set an all-time August record with 1,239 single-family home sales, eclipsing the previous August record of 1,232 set in 1994. Last month’s sales total is an 8.7 percent increase...
read moreMiami is the third most fun city in America!
While Miami may not fare well nationally in important facets of life like safety and affordability, the city clearly knows how to have a good time. Fresh of being ranked the eighth best party city in the world a week ago, Miami just took the No. 3 spot nationally in 2016’s Most Fun Cities in America, according to a study by WalletHub. Their methodology was rather extensive, utilizing 51 relevant metrics—things like the number of ice cream shops, beaches, and movie theaters per capita, in addition to the obvious ones like the prominence of...
read moreBayside Marketplace Downtown Miami new look
The operators of downtown Miami’s Bayside Marketplace have unveiled a freshened-up look as part of a long-awaited renovation of the nearly 30-year-old festival-style mall and tourist attraction, which for years had been looking tired and even shabby in spots. The extensive face-lift, set to start soon, is the first phase of an overhaul and expansion of the publicly owned waterfront mall that was approved by the Miami commission and city voters two years ago. The renovation plan, drawn up by Miami’s Zyscovich Architects, covers the mall’s...
read moreWhy are Fashion’s biggest brands Getting into Residential Design in Miami
Some of fashion’s most iconic brands are collaborating on sky-high Miami buildings with runway-worthy aesthetics. The fashion house Fendi showed valuable foresight in purchasing its three-acre oceanfront property in Surfside well before others saw the town’s amazing potential. Developed in partnership with the Château Group, the Fendi Château residences, which range in price from $6 million to $25 million, feature interiors designed by Fendi Casa, the brand’s custom cabinetry, and Gaggenau appliances, as well as high-end amenities such as...
read moreHow Miami’s Hospitality Industry Is Helping Increase Tourism to the City
It’s no secret that the industry driving South Florida’s billion-dollar tourism business is hospitality. On and off the beach, Miami is teeming with new hotels—some of them global brand expansions, some of them North American debuts. Attracted by the city’s demographics (including its diversity), many luxe international brands, such as Argentina’s Faena, Spain’s ME by Meliá, Singapore’s Como Hotels and Resorts, and Swire’s Hong Kong-based East, have recently made their US debuts in Miami. Hotels are “just exploding right now,” says Paul Gray,...
read moreCrescent Heights wants Miami Beach to put light rail/street car transit hub at 500 Alton
Crescent Heights wants Miami Beach to place the hub of the city’s proposed light rail or street car transit system in the base of the developer’s residential tower. The proposal would also make the Miami Beach-based developer’s planned tower at 500 Alton Road taller and potentially more appealing as living space. Led by Russell Galbut and Marisa Galbut, Crescent Heights is currently building 323 apartments, 63,000 square feet of commercial space, and a clinic for Baptist Health South Florida at 600 and 700 Alton Road. The site at 500 Alton...
read moreUM announces plan for $14 million dollar indoor football facility
The University of Miami on Friday announced plans to build an indoor football practice facility at a cost of $34 million and a Soffer family donation covering about 40 percent of the cost, the largest ever pledged to the UM athletic department. Billionaire developer Jeffrey Soffer and his family pledged to donate $14 million to the indoor football facility development, which will be named after his mother Carol Soffer. Jeffrey Soffer and his sister Jackie lead Aventura-based real estate development firm Turnberry Associates. The Carol Soffer...
read moreAll new mega redevelopment plan for Shops at Sunset Place in South Miami
The new owners of the Shops at Sunset Place mall in South Miami have revealed their redevelopment plan, which includes apartments and a hotel. The 515,000-square-foot center was acquired for $110.2 million in 2015 by the joint venture of Federal Realty Investment Trust (NYSE: FRT), Coconut Grove-based Grass River Property, and Miami Beach-based Comras Co. The mall has been struggling to attract shoppers for several years and the new owners openly admitted that its designed needed a major refresh. Click through to read content. Full Article...
read moreOur association has partnered with Juwai number 1 search portal
UPDATED Sept. 2, 3:45 p.m. The Miami Association of Realtors is bullish about bringing Chinese buyers to South Florida, and now has a new partnership that it says will put Miami properties on the screens of thousands of prospective buyers. The association partnered with Juwai, which it says is China’s No. 1 website for international property searches, according to a press release. Juwai.com has more than 2.4 million property listings from 58 countries. Its main audience is wealthy investors from more than 315 Chinese cities, and Chinese...
read moreSouth Beach Guide » The New TropicThe New Tropic
Located at the tip of an island bordering the Atlantic Ocean, South Beach is our little piece of paradise — and it’s hardly a secret. People from all over the world flock here for the sandy beaches and flashy nightlife. But anyone who has been here more than a few hours knows there’s so much more to this neighborhood. You’ve got historic Art Deco buildings, public parks, museums, movie theaters, and some of the best food around. It’s also home to Urban Beach Week, Miami Swim Week, and the annual South Beach Wine and Food Festival. And...
read moreCelebrity Homes We Love
Who doesn’t love to do a little home-stalking every now and then — particularly of celebrity homes and all their lavish appointments? Who doesn’t love a beautiful home? While there are plenty of homes that offer spectacular views and luxury amenities, there’s nothing quite like viewing the home of a celebrity and picking up some tips on design and decorating! Here are seven celebrity homes that we can’t help but love. Full Article Save Article Article Feedback Share Article
read moreBrazilian Buyers South Florida Back buying Miami properties | Foreign Buyers
Brazilians are back in South Florida real estate, this time as investors. Amid political and economic instability, buyers from Brazil are picking up investment properties instead of second homes, Bloomberg reported. Brazilians, who held the title of top foreigners searching for South Florida real estate for a consecutive 17 months, fell off the top five countries looking for properties in Miami earlier this year, according to the Miami Association of Realtors. Now, Brazil is in the No. 3 spot. Wealthy Brazilians have long chosen Miami as...
read moreMoishe Mana secures approval for 9.7M-square-foot project in Wynwood in Miami
Moishe Mana’s vision for a massive cultural, arts, workplace and housing center in Miami’s Wynwood neighborhood can now take shape after the Miami City Commission approved the project Sept. 8. It took one more compromise to make the deal happen. Mana Wynwood would be one of the largest development projects in South Florida at 9.72 million square feet. It would go on the 23.5-acre site at Northwest 22nd Street to Northwest 24th Street between Interstate 95 and Northwest 2nd Avenue. It could have up to 3,482 residential units, plus a mix of...
read moreGoldman Properties sells famous Wynwood site to RedSky Capital – South Florida Business Journal
Pedestrians in lock step, make their way along NW 25th St in Miami’s Wynwood Art District. The buyer has been especially active in South Florida. Click Full Article for more details. Full Article Save Article Article Feedback Share Article
read moreYour guide to Miami condos: what’s new, planned, and under construction
Over the next several years, Miami’s condo market, already nearing a full year’s supply, will get an injection of thousands of new units. And thanks to the Miami Downtown Development Authority’s 2016 Market Insights report, we now have a clear look of what condo projects are planned, what’s under construction and what has recently been completed in the area immediately surrounding the city’s downtown neighborhood. Click Full Article for more details. Full Article Save Article Article Feedback Share...
read moreWith shortage of homes, today’s buyers turning more to fixer-uppers – Sun Sentinel
Buying the perfect home that’s move-in ready may be more elusive than many people think. A shortage of quality listings is forcing some South Floridians to buy lesser homes and renovate. While home renovations are nothing new, today’s buyers are struggling to find exactly what they want, so they’re lowering expectations and rolling up their sleeves. They’re adding bedrooms and bathrooms, installing new countertops and redoing entryways to boost curb appeal — essentially biding their time on fixer-uppers until the...
read moreMiami new construction is holding pace in 2016 Miami home prices continue to climb
The Miami new construction market continued its solid 2016 performance in July, according to new numbers from Dodge Data & Analytics. In July, Miami saw more than $854 million in total residential construction spending, a pronounced 18 percent decline from July 2015. Year-over-year numbers, though, are notoriously erratic, and indeed, Miami’s year-to-date construction spending is more stable. Now totaling $4.218 billion, the market is up 1 percent over the same time period last year. See our chart below for more details on July’s new...
read more2016/2017 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 more
