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Moishe 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...
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