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Miami Beach gets the acclaim, but there’s so much more to Miami than the beach
Miami Beach gets the international acclaim and deservingly so, but there’s so much more to Miami than the beach. From the colorful murals in Wynwood to the international banks in Brickell to the stunning Mediterranean homes in Coral Gables, Miami offers a diverse array of neighborhoods. Each of Miami’s 34 municipalities is experiencing growth and major commercial development. Let’s take a look at 10 Miami neighborhoods… Click Full Article for more details. Full Article Save Article Article Feedback Share...
read moreCoral Gables Game changer Gables Station
The Coral Gables City Commission approved plans on Tuesday for a mixed-use project that aims to transform a corner of South Dixie Highway. NP International, the developer behind the planned Paseo de la Riviera project, received approval for Gables Station, which includes residential units, a hotel, retail, parking and open space. The 4.3-acre development would replace a surface parking lot and small commercial building at 251 South Dixie Highway, which currently houses cars from the Collection. The project was previously approved for big box...
read moreJune Residential Sales Jumped 25%, Says HUD, Census Bureau
This is the biggest increase since February 2008, said Trulia’s economist. The Census Bureau and HUD use sample surveys to collect data for their home sales, which means this data is subject to sampling variability as well as the typical statistical variance. The survey is based on a sample of houses pulled from building permits. “Sales” are defined as deposits taken or sales agreements signed, not necessarily closings. Click Full Article for more details. Full Article Save Article Article Feedback Share...
read moreHow to make Miami an elite city?
South Florida CEOs share their ideas | Miami Herald Dr. Alejandro Badia is an orthopedic surgeon who leads a network of orthopedic urgent care centers called OrthoNOW based in Doral. The company has locations in Miami-Dade and Broward counties.This week’s question: A comprehensive new report names transportation, housing and income inequality as Miami’s biggest problems. What do you think is holding Miami back from joining the ranks of the world’s elite cities? While Miami has made incredible strides, there is still a great deal of...
read more2 Miami-area Neighborhoods Among Best Opportunity Markets in U.S. Miami Future Opportunities
Both Homestead and Miami’s 33150 ZIP code offer some of the best housing opportunities in the country, according to a new analysis from RealtyTrac. In its report, RealtyTrac analyzed 3,561 ZIP codes nationwide, focusing on areas with: at least 2,500 residents; an increase in construction loans from last year; an average home flipping return of at least 60 percent; and where Millennials comprised at least 25 percent of the total population. Under those standards, the 33150 ZIP was the No. 14 opportunity market in the country, with a flipping...
read moreEverything You Need To Know About The New Real Estate Sector Coming To The Global Market In September
The Real Estate Sector will be the first newly added sector to the GICS since it was introduced to the S&P Dow Jones in 1999. In September, the real estate companies in the financial sector will be evaluated and reclassified. NAREIT Research and Investor Outreach EVP Michael Grupe tells Bisnow about 97% of the new sector’s equity market cap will come from equity REITs. He says the sector is likely to be the catalyst for significant, positive developments in the stock exchange-listed REIT market. Click Full Article for more details. Full...
read moreMany Investors Prefer Real Estate, Cash Dealings Instead of Stock Market
Some investors are growing less confident in the stock market and have turned to real estate for returns—and others have become so risk-averse that they prefer operating in only cash dealings. A recent study reveals one-quarter of investors name real estate as their investment of choice over a period longer than 10 years, 23% say they’d rather keep their money in cash and only 16% said they would invest in gold, precious metals or the stock market, according to a survey by Bankrate, MarketWatch reports. Click Full Article for more details....
read moreForeign Investment in South Florida’s Commercial Real Estate Markets Surges to Highest Rate Since 2007
Miami, FL – July 19, 2016 – Over the past two years, cross-border capital flows into the U.S. have risen dramatically and in 2015 foreign investment in South Florida commercial real estate hit its highest rate in at least nine years, according to a new report by CBRE Group, Inc. Last year, Florida ranked fourth in the nation in terms of cross-border investment volume and the state improved to rank third in Q1 2016. Foreign buying is projected to cool slightly in 2016 relative to 2015, but remains elevated relative to historical rates. The...
read moreTechnology Takes Real Estate To New Places
New technology is transforming every aspect of commercial real estate: financing, pricing, design, construction and marketing. Industry leaders and innovators agree these changes could substantially decrease costs and boost profits. Changes already underway and groundbreaking products being launched mean that developers won’t have to drag potential investors and tenants to marketing centers, or even create the expensive centers. The developer can visit prospects with virtual reality (VR) viewers in hand to give them a more realistic visual...
read moreMiami wants more Public Art and Developers offering to pay for it!
City planners propose taking over management of public art from Miami-Dade County’s successful Art in Public Places program The plan would also require private developers to set aside project funds for art City commission will consider the proposal, which has received pushback from builders, on Thursday. Hoping to further boost Miami’s growing cultural heft, city planners are proposing enactment of a far-reaching public-art program that would require private developers to set aside a percentage of project budgets for the installation of...
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