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New tower with coworking space to be built in Miami Worldcenter
Miami Worldcenter is set for another tower after a Chicago-based group Akara Partners spent $18.85 million on a development site that’s less than an acre. Reported Miami Herald. The land, beside the Metromover Station, is located at Northeast Second Ave., from...
New constructions may be coming to Fisher Island
The owners of two Fisher Island parcels have submitted plans to Miami-Dade County for a 9-story, 57-unit condo and 12 single-family residences on the northeast section of the island. The project would encompass part of the current golf course and would require moving...
Construction has started at 500 Alton. Phase One is an $8 million park
An outdoor living room is under construction in Miami Beach, steps from the South of Fifth neighborhood. Construction started on the three-acre Canopy Park in late July, according to David Martin, president of Terra. Canopy Park is a key feature of 500 Alton, the...
Tropical disturbance in the Atlantic could be new hurricane Isaias
A tropical disturbance in the Atlantic is expected to strengthen in the coming days and could become the next named storm of the record-setting 2020 hurricane season. Reported Click Orlando. A broad area of low pressure, located Monday morning about midway between the...
Parade of Homes Orlando: Tour the best homes in Orlando
The Parade of Homes Orlando, the signature event hosted by the Greater Orlando Builders Association, showcases Central Florida’s most inspiring homebuilders and designers. Experience 65 of the best homes in Orlando throughout orange, seminole and osceola county and...
Outsiders complain they are not welcome at Golden Beach
Golden Beach, an exclusive and luxurious community set between the ocean and the Intracoastal Waterway with less then a thousand residents, and a little more than 350 single-family homes and no high-rises or commercial businesses, has a history of attracting the rich...
Office sales in Miami fell during the second quarter of 2020
Investors stayed on the sidelines of South Florida’s office market during the second quarter 2020 as they to measure the pandemic’s impact. But that’s changing. Reported Miami Herald. Office sales in Miami-Dade and Broward counties fell to rock bottom during the...
Miami Beach Could Close Lane Of Collins Avenue For Social Distancing
Miami Beach has already required face masks and declared an 8 p.m. curfew. Now, the oceanfront city is considering closing a lane on a section of its main drag, Collins Avenue, so that pedestrians and bicyclists can remain socially distanced. Reported Bisnow....
Greater Miami Area Home, Condo Prices Rise 5 Percent Annually in June
The Miami Association of Realtors reported that Miami-Dade County median home prices increased year-over-year in June 2020 as home sales continued trending upward despite the global COVID-19 situation. Reported World Property Journal. New pending home sales in June...
Here’s a Florida Pandemic Real Estate Concept (Podcast by Bloomberg)
Daniel Kodsi, CEO of Royal Palm Companies and developer of the Legacy Hotel & Residences and Paramount Miami at Miami Worldcenter, tells Bloomberg Radio's Denise Pellegrini about plans for a post-pandemic refuge that includes residences, a hotel and a hospital....
Florida Housing Market Update: June 2020
This video brought by Florida Realtors shows that the state is in the midst of a large-scale recovery. This isn’t to say that every segment of Florida's Real Estate market is performing well, but on the whole, things are looking better than they have in several...
South Florida has an oversupply of condos. That’s expected to change soon
South Florida still has an oversupply of condos but that’s anticipated to change by 2021 or 2022 thanks to population growth. Reported Miami Herald. The number of active listings continues to decline for condos constructed from 2012 to 2019 from east of Interstate 95...
3 Orlando subdivisions among top selling in the nation
Home sales are up in the region’s most popular residential communities despite the coronavirus pandemic, reported Orlando Business Journal. Central Florida was well-represented on the mid-year list of the best-selling master-planned communities in the U.S., released...
Cedric Gervais debuts new set atop PARAMOUNT Miami Worldcenter
On May 29th, world-famous Grammy Award-winning French DJ Cedric Gervais played a set of his show atop PARAMOUNT Miami Worldcenter, the 60-story landmark tower in the heart of Miami. Reported Haute Residence. As Mental Health Awareness Month was coming to a close,...
Commissioner Pushes Miami Water Park Project Despite Environmental Concerns
Did you know Miami-Dade County almost had a major amusement park meant to rival Disney World and Universal Studios? The plan to develop a theme park on Zoo Miami property near environmentally sensitive land was seemingly killed by a beetle around 2016. Report The...
Renting vacation homes can be safer than hotel accommodation in times of pandemic
In the article Rent a house or book a hotel? What is the best accommodation in Orlando? We compared accommodation in hotels and Vacation Homes in the city of Orlando. With the advent of the pandemic, choosing to stay in rented houses brings another great advantage:...
Rural real estate prices rise as people consider leaving cities
The Realtor.com figures, which compared this June to June of 2019, found that homes in rural and suburban zip codes saw the biggest jump in average views per property. Homes in urban zip codes had a 19 percent increase in views compared to last year. But homes in...
Tips for A Social Distancing Summer Vacation
Now is a time that requires a lot of patience and care. The good news is that we know that the pandemic is going to end for sure one day and soon we will be able to fly around the world again. Meanwhile, condos and resorts in Orlando evolve and adapt to the “new...
Rent a house or book a hotel? What is the best accommodation in Orlando?
There are several formats of accommodation offered in Orlando. Hotel accommodation is still the most sought after, due to its practicality and prices, which are not expensive in the region. Obviously, there are exceptions, like Disney-themed hotels, which are...
Granier Bakery Miami: Feel like you are in Europe
Granier Bakery in Sunny Isles Beach will make you feel like you are in Europe. It is one of the best restaurants in the neighborhood. The Spanish bakery Granier, originally from Barcelona, offers a variety of breads, sweets, coffees, natural juices and meals. How...
5 different things to do in Sunny Isles Beach
The elegant island of Sunny Isles Beach is home to one of the best seaside resorts in the United States and one of the most luxurious communities in the world. There are approximately 3 kilometers of coastline that offer beautiful and paradisiacal beaches. Some of the...
Dezer developments plan to remake Intracoastal Mall moves forward
North Miami Beach Planning & Zoning Board approved Dezer Developments’ amended plans to transform Intracoastal Mall in North Miami Beach into a high-rise, mixed-use community, reported The Real Deal. Dezer Developments is one of the most important developers in...
6 Reasons why this could be the best time in years to sell a house
This has been an atypical summer in Florida! The pandemic does not seem to give the state a respite and the crisis persists. However, even in the midst of layoffs and negative news about the economy, the average property price continues to rise, especially for...
A property auction is coming to America’s wealthiest ZIP code
Fisher Island, America’s wealthiest ZIP code (33109), has a condominium up for auction this month — for the first time ever. The Floridian paradise’s first auction on July 16 for a property that has been listed for $23.9 million. The massive five-bedroom,...
Pulte scoops up land in Christmas for new homes
The region’s second-biggest homebuilder has snatched up more than 130 acres in Orange County. Reported Orlando Business Journal. PulteGroup Inc. paid more than $8 million for the land, according to county documents. The purchase consists of 131 acres off North Fort...
Zaha Hadid’s One Thousand Museum Miami tower officially completed
Miami's new 62-story luxury residential tower One Thousand Museum is now officially completed with the issuance of its certificate of occupancy from the local building department this week. The property opened for sale of its 84 units last year July when it received a...
What will the rest of the year spell for the housing market?
Mending from the sudden sharp drop in activity due to the coronavirus crisis, real estate across the United States is heating up, rekindled by growing demand and insufficient supply. The National Association of Realtors’ (NAR) pending home sales index, a...
It’s a seller’s market, according to HomeLight report
The real estate market is bouncing back, following a rocky start to the second financial quarter, according to a new survey by HomeLight. As the market improved, by late June most agents reported a seller’s market with inventory at lower levels than the second quarter...
Post lockdown migration is driving Miami’s rental market
With Florida now the national epicenter for coronavirus and Miami a hotspot within the state, it might be surprising to learn that the South Florida rental market is exploding. But it’s not Floridians lining up to lease. Instead, demand for Florida Real Estate Market...
Miami’s residential real estate value compared to other US cities
Original article: https://www.bizjournals.com/southflorida/news/2020/07/08/miamis-residential-real-estate-values.html Miami ranks among the Top 10 U.S. cities with the highest residential real estate value. The Magic City ranked as the city with the No. 7 most...
Trump in Miami says economy opening ‘safely and responsibly’ despite alarming COVID surge
The president’s visit came as Miami-Dade County has become one of the nation’s most alarming coronavirus epicenters, raising political tensions in the process. Health officials reported another 11,433 cases across Florida on Friday, with a positive test rate just...
Zoo Miami gorilla gets COVID-19 tests during treatment for bites
A 31-year-old lowland gorilla received a coronavirus test as he was immobilized for a procedure on Wednesday. Reported News Channel 8 (wfla.com). According to Zoo Miami, “Shango,” was taken to the zoo’s animal hospital for treatment of several wounds inflicted by his...
Disney World Reopens As COVID-19 Cases Surge In Florida
Four months after closing because of the coronavirus pandemic, Walt Disney World Resort in Florida has officially reopened amid a surge in COVID-19 cases. Disney’s Magic Kingdom and Animal Kingdom opened their gates on Saturday morning. Epcot and Hollywood Studios are...
Amazon wins approval to build massive facility in south Miami-Dade
Amazon secured approval to build what could be its largest distribution facility in South Florida. Miami-Dade County commissioners voted unanimously on Wednesday to sell a vacant lot at 13200 Southwest 272nd Street in south Miami-Dade to Amazon, according to the Miami...
Florida leads the list of top-selling master planned communities
Master planned communities have historically performed better than other new residential communities in times of economic hardship, and it looks like 2020 is no exception. According to RCLCO’s recently released 2020 Mid-Year Survey of the Top 50 Master-Planned...
Demand for Commercial and Office Real Estate in Suburban Areas on the Rise
As coronavirus infection rates continue to increase across much of the US, coupled with vastly changing employment patterns and civil unrest, a new migration trend has emerged. What were once adamant city dwellers, have suddenly begun moving to the suburbs and rural...
For Millennials To Retirees, There’s A Lifestyle Less Taxing In Fort Lauderdale
Original article: https://www.forbes.com/sites/forbesrealestatecouncil/2019/11/13/for-millennials-to-retirees-theres-a-lifestyle-less-taxing-in-fort-lauderdale/#cf3c24a22320 From millennials looking to buy their first homes to baby boomers planning life's next act to...
Apartment at One Thousand Museum Asks $18.8 Million
This article originally appeared on Mansion Global. Decorators have put the final touches on a full-floor unit at the Zaha Hadid-designed condo tower in Downtown Miami asking $18.8 million. The newly completed home at One Thousand Museum, a sprawling aerie with five...
Blockchain firm founder pays $5M for Regalia condo
The co-founder of a blockchain company paid $5.2 million for a unit at Regalia in Sunny Isles Beach, well under its previous trade price. Alexander Nabutovsky, co-founder of QuikNode, a blockchain infrastructure firm based in Sunny Isles, closed on unit 29, for $1,179...
Penthouse at Miami’s Porsche Tower Lists for $17.5 Million
A futuristic penthouse apartment within Florida’s Porsche Design Tower, complete with a private car elevator and a four-car sky garage, hit the market Monday with a $17.5 million price tag. Dubbed a “trophy mansion in the sky,” the five-bedroom spread is on the 52nd...
Sales are increasing. Single-family home take the lead
Miami-Dade single-family home sales in June 2020 were up 5.5% when compared to just one month earlier, May 2020. Reported Miami Herald. Pending sales, although they remain to be closed, are a critical indication of buyer participation in the market. Miami-Dade...
Crescent Heights hits a snag with plan to develop high-rise Edgewater project
Crescent Heights principals Russell Galbut, Sonny Kahn, and Bruce Menin want to build a pair of Nema-branded luxury towers on two city blocks in Edgewater between Biscayne Boulevard, Northeast Second Avenue, Northeast 29th and 30th streets. The project is slated to...
A virtual tour of fashion designer Giorgio Armani’s new apartment
Luxury designer Giorgio Armani and architect César Pelli just completed a 56-story residential skyscraper in Sunny Isles Beach. Typically, the building would be available to be toured in-person, but as the pandemic continues to sweep throughout the nation, Armani/Casa...
Gloria Estefan Debuts “Put on Your Mask” at Paramount Miami Worldcenter Curfew Tower Lighting
In concert with Miami-Dade County’s just-implemented nightly curfew and its mandatory face mask law, the lyrics to Gloria Estefan’s just-released COVID-19 musical public service message, “Put on Your Mask,” will illuminate the city’s skyline during its official 10...
The housing market is showing signs of a comeback
The housing market showed early signs of a comeback last month after coronavirus shutdowns dampened sale activity earlier in the year. An index measuring homes in contract to sell, or pending sales, jumped by a record 44% in May, according to the National Association...
Video about Faena House Miami Beach
Faena House is a luxury beachfront condo located in the heart of Miami Beach. The 18-story tower was designed by Argentine hotelier and realestate developer Alan Faena, known to be the curator of Buenos Aires most luxury neighborhoods. Alan Faena, together with...
Orlando Is America’s Top Travel Destination—How Hard Has Its Real Estate Market Been Hit?
The loss of jobs portends far-reaching economic impacts on the Orlando area, including the real estate market. Until the coronavirus pandemic, it was one of the fastest-growing metros in the U.S., a southeastern bellwether for housing. Then, as in most parts of the...
Orlando developer plans neighborhood with water ski lake
Residents of a proposed Seminole County community will be able to strap on their water skis and cut across the water — without leaving the neighborhood. The community, known as Geneva Ski Lake, will feature 12 single-family residential lots on 113.59 acres near...
Real-estate market is on the rebound
We are experiencing a crisis that reminds us of the great recession of 2008. However, the COVID-19 crisis is related to health and not to the real estate segment. Although many say this is an equal or worse crisis, the truth is that it is fleeting and some economies...
For $106, investors can buy a slice of Brickell Flatiron
Republic Real Estate, a branch of the New York-based investment platform Republic, is selling shares in a unit in Brickell Flatiron. Reported Miami Herald. So far, 600 investors have put up a total of $260,000, betting on growth both in the rent and on appreciation....