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David Beckham: “No matter what, we’re coming to Miami”

07 13, 2018
Planned for last Thursday, David Beckham's latest plan to host his Major League Soccer expansion franchise has been delayed for another six days, with Miami's commissioners still not ready to make a decision. The new Miami stadium, home of the MLS football team, will have the capacity to receive 25,000 viewers, with 3,750 parking spaces, a hotel with 750 rooms, restaurants and several free-form football pitches surrounding the area. Once is up and running, the franchise will also bring a training center, and an academy focused on developing local players to the Miami. The project to build the stadium is…
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Sunny Isles’ $29 Million Apartment comes with its own custom 'scent identity'

07 13, 2018
As luxury home sales slow down, sellers are desperately trying unique lures to attract buyers. From a stay in the Hamptons, a yearly membership at a gym or even a garage pre-stocked with luxury cars. Now, it’s time for Regalia, a 43-story luxury condominium in Sunny Isles Beach, to entice possible buyers with something a little uncommon: a unique scent for the home. The developer has partnered with the fragrance company 12.29 to offer this for its Regalia’s $29 million “Beach House” homebuyer. The company 12 .29 has already created scents for Valentino, Patek Philippe, Nike, Mercedes-Benz and Lady Gaga.…
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MSC announces the construction of a new cruise terminal in Miami

07 13, 2018
MSC Cruises and Miami-Dade County announced an agreement to extend the ship owner’s preferential berth rights, as well as the construction of a new AAA cruise terminal at the Port of Miami, scheduled for completion in October 2022. "The new agreement and the expansion of the partnership with the Port of Miami and Miami-Dade County is another important step in the growth of MSC Cruises business as we continue to strengthen our global presence with a strategic focus in North America," celebrated the president of the company, Pierfrancesco Vago. Miami operates as an exclusive MSC shipping port in the United…
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$220M racetrack and private car club planned for Miami

07 06, 2018
After the announcement of Formula 1 arriving to Miami in 2019 and the exhibition of Grand Basel, a luxury car exhibit, in February 2019; the city has become the focus of the automotive industry. These events are the prelude to the opening of The Concours Club, which will include a racetrack worth $220 million, as well as a full spa and hammam, an infinity pool and Jacuzzi, storage for wines and cigars, restaurant and bar and full concierge services. “The amenities are what set us apart,” commented co-founder Neil Gehani. “We want to be sure we bring in the right…
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For $4.75 Billion Boeing strikes aircraft deal with Brazilian Embraer

07 06, 2018
Two aviation giants - Boeing and Embraer - announced on Thursday, July 5th the creation of a new joint venture in the area of commercial aviation valued at $4.75 billion. Under the terms of the agreement, Boeing will hold 80% of the new business and Embraer, the remaining 20%. The new company agreement is solemn regarding regional jets, passenger planes with about 100 seats and ranges up to 5,000km. None Airbus or Boeing builds such aircraft. Boeing, the world's largest aircraft maker, is expected to pay $3.8 billion for 80% of the joint venture. Embraer will have the option to…
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Look who's buying up Miami Real Estate

07 06, 2018
Although the market is not as hot, international investors spent $ 7.1 billion on South Florida homes in 2017, an increase of almost 15% over the previous year, which totaled $ 6.2 billion. The number one investor in South Florida was Argentina with 15% of all foreign purchases last year, reported the Miami Association of Realtors. Venezuela in second, spending the most in Miami-Dade, Broward, Palm Beach and Martin counties with 11%, tailed by Canada and Colombia with 9% each, and Brazil with 8%. Venezuelans spent the most than any other country in Miami-Dade, which represents 51% of all foreign…
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A new era for the evolving Lincoln Road

06 29, 2018
If New York has Fifth Avenue, Miami Beach has Lincoln Road. South Florida's premier outdoors shopping has a great diversity of shops, cafes, restaurants, and bars. The place is busy day and night, a great destination to enjoy the atmosphere of the city and watch the movement of people at any time of the day. The only problem? It is increasingly difficult to keep small stores open due to the high commercial rent of the region. That's why The Shoe Shop decided to close its store in August. "There are too many corporate stores on Lincoln Road," said Jessica Elmaleh,…
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Increases issuance of EB-5 visas for Brazilians

06 29, 2018
According to a report from the US Department of Travel and Tourism, Brazil is among the countries that most require the EB-5 visa, one of the fastest ways to win the green card for those who have the money to invest. In 2017, 282 permissions were granted to Brazilians. The Chinese maintained leadership in this area with 7,567 permits and the Vietnamese, secondly obtained 471 visas of this type. EB-5 is a visa category for foreigners wishing to move to the United States. To acquire it you need to invest, from $500,000 in a business that manages ten jobs for…
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Colombia leads countries looking for real estate in Miami

06 29, 2018
Colombian consumers have filed the largest number of property searches in February of this year, according to the Miami Association of Realtors (MIAMI). South Florida remains the most sought-after US market by international consumers and one of the top five markets for homebuyers, according to the data released. Colombia recorded 13.7% in international searches on the website of the association, a position occupied by Brazil several times in previous years. In the past, Colombia had a 9% share of all international purchases in the region. Argentina, 15%, and Venezuela, 11%, led the table. Miami, Fort Lauderdale and West Palm Beach…
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Will PortMiami keep its hold on their title as Cruise Capital of the World?

06 22, 2018
PortMiami is working hard to secure its future by investing in new multimillion-dollar cruise terminals. Most recently, the terminals for the Royal Caribbean and the Norwegian Cruise Lines state of the art terminals are being designed and constructed to lodge the largest cruise ships currently developed and to bring in billions of dollars in revenue to the port and the city. The overall goal is to secure PortMiami as the most visited seaport for cruisers around the world. The Royal Caribbean Terminal, set to open in October, will soon be home to the world’s largest cruise ship, Symphony of the…
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The Related Group is Ready to Take on More

06 22, 2018
Nearly finished with their latest condominium development, the Related Group is getting ready for a new series of projects. The Miami-based developer is led by Jorge M. Pérez, the billionaire Chairman, and CEO. The Related Group has developed 3,790 condo units since 2010, which makes it a leading builder in the condo boom. By late 2019, Related will have completed a vast majority of the 2,643 units left in their South Florida condo projects. That leads to...what’s next? The answer may be surprising and will show how Related has stepped out of their familiar territory and diversified. During the early…
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The Miami Worldcenter Makes Headway in Development

06 22, 2018
After 15 years of setback after setback, construction on the Miami Worldcenter is finally underway. The Worldcenter is just north of downtown Miami and when it’s complete will be a sight to behold. Valued at $2 billion, the Miami Worldcenter will actually create its own miniature skyline upon completion. With Art Falcone and Nitin Motwani taking the lead on development, things are moving along smoothly. The development will have several great amenities as well as a retail front along the street, an office tower, two separate apartment buildings, and the Marriott Marquis convention center.  The unique Miami Worldcenter will also…
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Amazon’s massive warehouse in Miami is nearly done

06 15, 2018
The construction of the 855,000-square-foot distribution center from the online sales giant Amazon is nearly complete. The fulfillment center near Opa-Locka airport is the first of three phases on the project; the second will be a 280,000 square-foot industrial building and the final a 5,000-square-foot headquarter for Carrie Meek Foundation. In total, more than 1 million square feet are enclosing the 3 phases of the project. All of the buildings will be operating by August of this year, according to Ford Gibson, managing director at Foundry Commercial, the real estate and investment company responsible for the project. Foundry Commercial and…
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An Argentine Family Made Changes for Years to Come

06 15, 2018
What started off as an everyday business trip, developed into so much more as Jose Luis Ferreira de Melo and his sons, Carlos and Martin saw so much unused potential in a downtown neighborhood in Miami. Ferreira is the president, and his sons are the two principals of the Melo Group which is a real estate development company from Argentina. They quickly began purchasing land, their first being a one-acre lot at 615 NE 22nd St in Edgewater for the price of $1.9 million. "Edgewater had been depressed for so long that local developers had given up on it," explained…
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US, Canada, and Mexico will host the World Cup 2026; Miami and Orlando may host some games

06 15, 2018
The 2026 World Cup, the first with 48 teams, will be played in the United States, Canada, and Mexico. Miami and Orlando could host some games. The decision was announced this week in Moscow, during the FIFA Congress. The US-led candidacy had 134 votes, against 65 votes from Morocco. The Moroccan bid was defeated in its fifth attempt to organize the World Cup. One confederation voted for no candidacy, and there were still three absent. Eight countries were unable to vote: Guam, Puerto Rico and the US Virgin Islands, plus the four candidates (Morocco, USA, Canada, and Mexico), as well…
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Orlando’s Transformation as a Hotspot For the Brazilian Real Estate Investors

06 15, 2018
It was not by chance that Forbes chose Orlando as the best city for real estate investment in 2018. Orlando and Miami have long been among the most visited tourist destinations for Brazilians, but the twists and turns of the world economy in recent years have led many people to create more permanent ties with the regions of the United States by acquiring real estate in the areas. The combination of the US housing market crisis in 2008, which brought down prices, and the boom in the sector's prices in Brazil during the same period, led many Brazilians to invest…
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Simon and Turnberry locked $1.75B refinancing for Aventura Mall

06 09, 2018
Simon Property Group and Turnberry Associates secure a $1.75 billion refinancing of Aventura Mall this past Thursday. The funding was provided by Wells Fargo Bank, JPMorgan Chase Bank, Morgan Stanley Bank and Deutsche Bank, according to a release. Part of the money, $1.2 billion, will be used to pay off the commercial mortgage-backed securities loan closed by the joint venture between the two companies back in 2013. A mortgage of $213.5 million done in 2016 guaranteed the expansion of the luxury mall, that now includes stores like Topshop Topman, and Zara, plus a 93-foot tall slide. Turnberry owns 66.7 percent…
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The transformation of Miami's technology landscape

06 09, 2018
Miami is changing, and its tech sector is playing a vital role in it. The tech startups are improving and bringing in billions of dollars, moreover, established national and global innovation companies are also pumping in money in Miami to benefit from its changing technology scene. The widely used index by the economists, and tech industry, Kaufmann Index, has also ranked Miami as the number one city. The job numbers are steady in a town of 5.8 million people. This shows the potential of the city, and with many startups already heating up the environment, it is only a matter…
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New York and Connecticut are losing significant hedge funds and other investment firms to Miami

06 08, 2018
Miami, already called Wall Street South, is the second most popular banking hub in the United States just behind New York. The city is desired by many, not only because of its beauty and lifestyle, but also a favorable tax climate for high net word individuals – which have always enticed wealth from all around the world. Florida doesn’t charge income tax, and the state's per-capita tax rate is one of lowest in the nation. To take advantage of that, now even more banks, private-equity firms, and hedge funds are migrating to the city, said recently released article by the…
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Dolphin Expressway getting double-decker lifted bridge

06 01, 2018
A project on the Dolphin Expressway (State Road 836) could enhance the traffic in the area by creating a double-decker lifted bridge over the current interstate along one of Miami's most swarmed lanes. Miami Expressway Authority (MDX) finances the venture costing $186 million coming from toll revenue. The project is planned to modernize the 836 between Northwest 17th Avenue and the Midtown Interchange. “You’re going to have the option to stay on the existing bridge that’s there today or get on this new viaduct,” said MDX Director of Engineering's Juan Toledo. “If you want to go down toward the beach…
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One Thousand Museum: The only private residential Helipad in US Eastern Cost is about to debut

06 01, 2018
If you drive on the streets of Florida, you know how congested they are. Hence, initiatives such as increasing the number of transportation options are significant for residents and visitors alike. The long-awaited Brightline, for example, Florida's newest express train connecting West Palm Beach, Fort Lauderdale, and Miami, officially opened on May 19th, with promises to vent the region's traffic. But not only that, they appointed Lift as its selected rideshare partner. Then it came Lime, the biking–sharing service, announcing that it reached 100,000 rides in Miami during National Bike Month. Plus, the solar-powered yacht has been seeing around in…
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Miami could be one of the cities to host the World Cup 2026

06 01, 2018
Few cities in the United States celebrate as intensely the FIFA World Cup 2018 as Miami. The city is home to many immigrant communities that consider soccer or "futbol" close to religion, and proudly show the colors of their country of origin’s jersey every four years. Good news to all that live the intensity of the most beautiful sport in the world, the United States, Mexico and Canada have included a joint bid to host the competition in 2026. One of the cities in consideration to host games is Miami. The decision will be made on June 13th, in Moscow,…
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Trump signs law loosening regulation of banks

05 25, 2018
President Donald Trump signed a law repealing a series of financial regulations imposed on Barack Obama's administration to prevent further financial crises such as the one in 2008. The measure, which overrides much of the Dodd-Frank Act, was passed on Tuesday, May 22nd, with a majority of Republican votes, and some Democrats as well, giving Trump a new legislative victory. The law was passed in 2010 with the support of Obama and Democratic congressmen in response to the huge crisis that has left thousands of people jobless and homeless. "This is a really great day for the United States," Trump…
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Miami City Commission approves $43.6M in restoration after Hurricane Irma

05 25, 2018
After Hurricane Irma, Miami started cleaning and restoring affected areas, but in a few cases, this process has been taking months. Areas such as Watson Island, for example, where damaged boat vessels are still taking space in the parking garage and marina are still waiting for help. To help in situations like that one, Miami City Commission recently approved a resolution to accept a grant from the Federal Emergency Management Agency and an insurance payout, each for $34,193,228 and $9,429,373 respectively. The money will help repair parks and facilities, and it will also go to the police and fire-rescue departments.
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Car lovers, be aware: Grand Basel is coming to Miami

05 25, 2018
Another fair with the Basel’s signature is coming to Miami, the newly introduced Grand Basel. The MCH Group, the same group that owns Art Basel, signed a contract with the City of Miami Beach, to organize a new exhibit with about 200 old and new cars, true "masterpieces" only. A jury will choose the cars that will be showcased, considering among other things, design, history and the designer’s culture and origins. Visitors will walk the exhibition to see rare and exciting antique cars and take a peek at the technology that it's coming. Most of the vehicles will be on…
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Downtown's Aria on the Bay condominium is delivered

05 18, 2018
Chances are you’ve seen the brand new, 53 story, 648-unit condo high-rise, Aria on the Bay, in the downtown Miami skyline. The Melo Group’s newly completed masterpiece is nearly sold out. Carlos and Martin Melo said the group is projecting a $500 million sellout for the complex at 1770 North Bayshore Drive with 90 percent of the units sold to buyers from 43 different countries. Closings began in early May. Rapper Timbaland and former Miami Marlins outfielder Giancarlo Stanton are among the high-profile buyers. The developer broke ground in 2015 with units going up for sale immediately after with Cervera…
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The largest mall in America gets Miami-Dade Commission's approval

05 18, 2018
Move over Mall of America. A new, more massive mall is one step closer to being a reality in Miami-Dade. On Thursday, May 17th, the county planning board gave their approval to a $4 billion-dollar retail theme park which is expected to attract 30 million visitors per year. American Dream Miami considers itself to be in direct competition with Disney World, not only as a theme park but a shopping and entertainment destination for adults and teens. The facility will be more than 6 million square feet and will employ more than 14,000 people upon opening. "As a mother of…
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South Beach's Washington Avenue is getting the Facelift it Deserves

05 18, 2018
In the past, Washington Avenue was the host to South Beach's party scene. It was full of restaurants, nightclubs, and bars. But after 20 years developers began to look elsewhere, and Washington Avenue made its fall. Today it's just a street, one that gets you to where you want to be. But the City of Miami Beach is ready to make a change. The commission approved a resolution, Business Improvement District, to take place on Washington Avenue from 5th to 17th street. It provides a tax fund in the area for beautification and overall improvement of the area. The first…
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Miami: Brightline has arrived

05 18, 2018
Starting today, May 19th, a high-speed train will connect the cities of Miami, West Palm Beach and Fort Lauderdale in as little as 1 hour and 20 minutes. The expectation is that, by the end of 2020, the train will also arrive at Orlando International Airport. There are two categories of tickets: the Smart fare, which costs between $10 to $15, and Select, with more legroom and snacks, with prices between $15 to $25, prices vary according to the passengers’ route. The MiamiCentral station is located at 600 Northwest First Avenue and features a two lounge area, children’s play area,…
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Despite Hurricane Irma, Miami hit a new record of tourists in 2017

05 12, 2018
Even after hurricane season, the closure of the Miami Beach Convention Center for restorations, and the Zika virus, the number of overnight visitors in 2017 hit a new record: 15.9 million, according to Bill Talbert, president and chief executive officer of the Greater Miami Convention & Visitors Bureau. “This number represents an increase of almost 1% compared to 2016, with demand for the destination growing by 4.7% with hotels selling more room nights in 2017 compared to 2016,” explained Talbert. “Overnight visitors spent up to $26 billion in the community,” he said, “which is a 2.1% increase compared to last…
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Okan Tower Miami: with Hilton brand aboard, sales gallery opens in Miami

05 12, 2018
Okan Group, owned by billionaire Turkish developer Bekir Okan, announced the project at an event on its 3,000-square-foot sales gallery in Istanbul last week, also announcing the official launch of the Miami sales gallery that happened this past Thursday. They also announced that construction is expected to begin in September of this year, with the conclusion in about 3 to 4 years. Located on North Miami Avenue, 555, in Downtown Miami, just west of Biscayne Boulevard, the 70-story Okan Tower will include: 294 hotel rooms (managed by Hilton Hotels & Resorts) 149 residential condo units and four penthouses 236 condo-hotel…
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After preliminary approval from the city, Miami is near to receive a Grand Prix of Formula 1

05 12, 2018
The possibility of Miami hosting a Formula 1 GP starting next season has increased on Thursday, May 10th, after Miami's city officials voted unanimously to enter formal negotiations to host the street race in Downtown. Sean Bratches, managing director of commercial operations of Formula 1, released an official statement this week: “With the unanimous votes at both the City of Miami and Miami-Dade County’s Economic Development and Tourism Committee, we are very pleased to have received preliminary approval towards bringing a Formula 1 Grand Prix to Miami. We recognize that this is only the start of the process and we…
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Sunny Isles: Transformed by major developments, city faces challenges to increase retail component

05 04, 2018
Sunny Isles Beach, a city that is surrounded by Golden Beach to the north, the Atlantic Ocean to the east, the Intracoastal marina to the west and Bal Harbour to the south, has become the Florida Riviera. Being the destination of over 1 million tourists per year, in the last years, this area has been catching the attention of the most renowned and strong developers in the country, which are bringing fantastic luxury projects to the city. The public has been noticing this trend for quite some time. Over the last ten years, a number of state-of-the-art developments have been…
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GP Florida: Miami is one step away from F1

05 04, 2018
Formula 1 announced on Wednesday its plan for a Grand Prix in Downtown Miami for 2019 season. Miami City Commission will vote the proposal for a ten-year agreement next week. Formula 1 has long sought to expand its presence in the United States. A race in Miami would be the second in the country, joining the GP in Austin, Texas. It would be the fourth in North America, which also includes Mexico and Canada. "Miami's status as one of the world's most iconic and glamorous cities, combined with its robust tourism infrastructure, makes Miami the perfect destination for Formula 1…
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The Ritz-Carlton Yacht Collection bets on "ultra luxury" cruises

05 04, 2018
Ritz-Carlton, one of the luxury brands that belong to Marriott International, announced its arrival in the market of luxury yachts and cruise ships last year. The first vessel will sail at the end of 2019, but you can book a reservation starting this June. All aboard! This marks the first time a hotel company reaches the high seas. The fleet of three ships has its itinerary, including shore excursion planned to stop in the Mediterranean and the Caribbean (Cartagena and Barbados included). The ships designed by Tillberg Design of Sweden can accommodate up to 298 passengers in 149 suites with…
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Country's most expensive ZIP code can only be visited by boat

04 27, 2018
The most expensive zip code in the United States doesn’t come from neighborhoods like Manhattan, Los Angeles or Silicon Valley. The human-made barrier island in Miami, called Fisher Island, occupies the post. Located off the coast of Miami, the private spot is only accessible by ferry or water taxi and is a haven for the richest in the world. The 87-hectare island has a diverse population, representing more than 50 nationalities, ranging from professional athletes and supermodels to executives and lawyers. The median income on Fisher Island, zip code 33109, was $ 2.5 million in 2015, according to Bloomberg analysis…
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A new redevelopment project will take place in downtown Miami

04 27, 2018
Whoever walks through the streets of Miami is no longer strange when a house or building comes down to give space to a new development. Well, now it’s time to say goodbye to the Courtyard by Marriot in Downtown Miami and welcome the 2nd & 2nd project. Miami Convention Hotel Corp., a New York-based company, filled the plan with the City of Miami and got an approval recommendation from the city’s Urban Development Review Board last week for the redevelopment. If it moves forward, an 82-story skyscraper will replace the current 14-story Marriott hotel. The 898-foot mixed-use tower will include…
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After securing finance, construction is underway at Monad Terrace

04 27, 2018
The JDS Development Group, company behind South Beach's new development Monad Terrace recently secured a construction loan of $137 million from the New York-based firm Madison Realty Capital. Vertical construction will begin in Spring 2018, with the completion of the building currently planned for the third quarter of 2019. Units are selling for an average of almost $2,000 per square foot. “Securing this loan demonstrates the strength of the project, the attractiveness of the Miami Beach market and the overall demand for luxury housing in Miami,” said Michael Stern, Founder and Managing Partner of JDS Development. “Monad Terrace serves as…
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Unique, Eclectic, and Forward Thinking: New Real Estate Trends in Miami

04 20, 2018
Elite Car Inspired Condos Collins Avenue is known for being the place to show off your rides: Lambos, Ferraris and Bugattis, so it seems almost natural that prestigious auto brands are looking to Miami for their latest lifestyle plays. The first luxury car inspired building was 1100 Millecento. It was completed in 2015 in Brickell. Related Group was inspired by Ferrari, Maserati, and Rolls-Royce and used that inspiration to bring a sports car feel to the 42 story tower. There are a few units available for purchase in the tower, including one starting at 500,000. From Ferrari-red elevator lobbies and…
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Telemundo Launches their $250M New Global Headquarters

04 20, 2018
Telemundo launched its brand new global headquarters Monday, April 9th, 2018. The brand new and very futuristic company headquarters is now fully open for business. Telemundo is a Comcast owned Spanish network division. They revealed the new three-story, 500,000 square-foot headquarters during an opening ceremony in Miami - only 2 years after the announcement of its construction plans in February 2016. Telemundo invested over $250 million to build the new custom facility. The building sits on 21 acres and has 15 highly adaptive studios. The location also has two digital studies and virtual and augmented reality studios.The largest building on…
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Live life on the Edge in the former Miami Beach Mansion owned by Al Capone

04 20, 2018
There’s a serious bang on the market, Miami Beach Mansion which once belonged to the original Scarface, the one and only Al Capone - $15 million big ones and this little piece of gangster history can be all yours.   The mansion is composed of 30,000 square feet and located at 93 Palm Avenue. It’s made up of three separate buildings. Old school luxury is the name of the game when it comes to this property. 4 bedrooms, 3 and a half baths, a 2 story pool cabana, a whopping 6,000 square foot villa, and a guesthouse - which Capone…
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Developers Reveal a Proposal for Three Projects in Wynwood

04 13, 2018
Sterling Bay, a big-time developer in Chicago, has submitted plans for three projects in Wynwood including a large mix-used office. The proposed project will be the first investment in Miami from the company. The development of the 10-story building will make up of 209,050 square feet of office space while the ground floor of about 28,436 feet is set aside as commercial/retail space. The building will boast 459-space parking garage. Gensler designed the building plan to include balconies for offices as well as 4,000 square feet of indoor and outdoor amenity space. The building will also feature a fitness center,…
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Flying Cars? Paramount Miami Worldcenter Will Be Ready

04 13, 2018
The advent of flying cars is no longer a dream, but a closer reality. Dan Kodsi, a developer with the foresight to observe unfolding trends has revealed that Paramount Miami Worldcenter is adequately prepared to receive the first flying cars of Magic City. Hence, Kodsi has gone ahead of time to develop Miami's first residential skyport. The modification of the 5,000-square foot rooftop will ensure vertical take-off and landing of electric cars. What was once only a fictional concept, it's been considered by the industry as the solution for congested traffic and an answer to quicker daily commutes. “The future of transportation…
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Tennis Star Rafael Nadal Proposes Tennis Academy In South Florida

04 13, 2018
Rafael Nadal, the world’s top-ranked tennis player and the winner of 16 Grand Slam titles, have decided to establish a tennis training academy in Boca Raton. As the first academy outside of his hometown in Mallorca, Spain, this would host student training and tournaments, with the possibilities of attracting sports tourists who would love to train with the tennis superstar. This proposal is still in its early stages, but the project would total 82,882 square feet in the first phase and 61,085 square feet in the second phase. The site proposal plan was submitted by Architect David Iglesias Serret in…
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How These 3 Bal Harbour Condos Will Increase Your Quality Of Life

04 10, 2018
Bal Harbour Condos in Florida This neighborhood is one of the most popular residential destinations of the world. Located in Miami-Dade County, it’s a shining enclave situated at the northern end of Miami Beach which is also a high-end tourist destination. The blending of the tropical beauty with luxury and contemporary style makes Bal Harbour an exquisite location. The beautiful ocean view coupled with the white sand beaches makes it one of the most sought after destinations. For those who eye to own a prime property in Bal Harbour and enhance his/her quality of life, this is the place for…
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Permit expedition plans in the works

04 07, 2018
Miami’s municipal government has plans to speed up the process for certain city permits, especially for those related to property improvement; such as building a shed in the backyard or installing a brand new door. Door installation has joined the ranking among work types that Miami warrants worthy of an expedited permit. Beginning on April 9th, Miami city employees will accept applications for specific types of permits. They will be accepted from one municipal department to another for their review as opposed to requiring property owners and hired contractors to do so. This new policy is intended to quicken the…
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North Beach, the South Beach's quieter cousin, gets a referendum to increase the floor ratio approved

04 07, 2018
Matis Cohen is just one of many frustrated developers. Cohen has been investing millions of dollars buying low-rise apartments and commercial properties in North Beach since 2010. “To have a blighted area in Miami Beach is unfathomable,” Cohen stated. When asked why he chose to invest in North Beach to begin with, Cohen explained: “It’s a great opportunity for effecting change.” When beginning his investing venture, Cohen assumed change would come quickly, not 18 years later. Miami Beach voters approved a referendum to increase the floor ratio of a 10-block region in North Beach. The change is in the final…
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Luxury Condo Sales Rising Along With Inventory In Miami-Dade

04 06, 2018
A report of EWM Realty International shows luxury condo sales, defined as units priced over one million dollars, increased their sale rate by 47% year over year in the December to February time frame. Despite the increase in sales rate, the luxury condo market inventory did rise in this same period. This report excluded the new pipeline of luxury development in the area. Additionally, EWM’s president, Ron Shuffield, expects the gap between asking price and selling price to increase moving forward. The current report shows the average unit selling at 84% of the asking price, but Shuffield thinks the market…
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3 Sophisticated Condos For Sale In Sunny Isles Beach, FL

04 06, 2018
A special destination in Florida, Sunny Isles Beach is located on a barrier island flanked by the Atlantic Ocean on one side and Intracoastal Waterway on the other. Situated between Miami and Fort Lauderdale, this beach is a great place for relaxation and recreation. Be it the local residents or tourists, Sunny Isles Beach’s attraction is just never-ending. What if one bags a decent deal of setting up his abode in this pristine location? Here, we bring you the details about three sophisticated condos that are up for sale in the exquisite Sunny Isles Beach. They are located in the…
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Top 3 Condos For Sale At The St. Regis Bal Harbour

04 05, 2018
The St. Regis Bal Harbour is one of the most exclusive addresses in Miami. This opulent property caters to crème de la crème and discreet clientele. Here are our top condo picks which will let you enjoy Miami at its bests. St Regis Bal Harbour #704S: This exquisite condo is designed in a lavish yet compact manner. The apartment is spared over an area of 1,911 SF and features 2 bedrooms. These two bedrooms are accompanied by two full bathrooms and one half bathroom. The property was built in 2011, when the economy was not as sparkling as it in…
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Bal Harbour Shops Expansion Moves Ahead

03 30, 2018
The owner of Bal Harbour Shops, Whitman Family Development is adding 340,000 square feet to the already existing 450,000 square feet of space. The new area will be home to the first Barneys New York in Florida. The construction planned to start in late 2018, marks the first in almost three and a half decades of the shop's existence. The addition of Barney’s in the luxury shopping center is proof that it still holds its own in the tough luxury retail market. The update and new retail is a bold move to stay in the running against new and rising…
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Mixed-use Project In The Works for West Dixie Highway of North Miami Beach

03 30, 2018
This past Thursday, North Miami Beach planners got their first peek at the master plan for New North Town Center. The Center is set to be built on almost 18 acres on West Dixie Highway, situated to span between 155th Street and 163rd Street. The property, which currently is mostly vacant, has been a ghost ‘town’ for the past four or five years, according to North Miami Beach’s planning and zoning director, Justin Proffitt. There are big plans for the area though, with Bay Harbor-based architect Gabriel Boano and Aventura based Hector Mendez working to transform the abandoned property into…
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EB-5 is Offering Extensions Through September

03 30, 2018
The EB-5 extension is keeping the visa program around, and the circumstances of the extension have caused mixed reactions. The program allows foreign investors to obtain a green card by paying a hefty price of investing at least $500,000 into job-creating projects. The program will stay valid until September 30th giving an extension to those interested. The extension was due to the program's inclusion in the spending bill just passed by Congress. The program carries a reputation of being the “crack cocaine of real estate financing”. The EB-5 program was initially almost extended for five years until the proposed legislation…
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Construction moving ahead at several buildings in Miami

03 30, 2018
If you are wondering what the progress is like for the new developments in Miami and surrounding areas, we have a new look at where some of the buildings stand, from Jade Signature, which had its grand opening recently to the awaited One Thousand Museum, expected to be completed in late 2018. One Thousand Museum The one-and-only residential skyscraper signed by Zaha Hadid in the Western Hemisphere has topped out, confirmed the developers Louis Birdman, Gregg Covin, Kevin Venger, and Regalia Group along with New York-based Plaza Construction. The highly anticipated project with an unconventional innovates by proposing a concrete…
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3 Tips In Purchasing An Investment Property In Sunny Isles

03 28, 2018
Real estate investment is an important decision and requires proper research and professional expertise. The sector has emerged as one of the most important investment avenues due to its high potential. Before you make any decision about perspective investment property, it is vital to keep a few things in mind as follow:   Determine Investment Objective The first step in your investment property in Sunny Isles' purchase process should be to determine your ultimate objective. Are you looking to generate regular rental income from your property or do you want to buy the property, remodel it and then flip it…
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The Ultimate Bal Harbour Lifestyle Guide

03 28, 2018
Bal Harbour is one of the most popular residential destinations in the world Located in Miami-Dade County, Florida, this neighborhood poses white-sand beaches, swaying palms, fashion, and luxurious living. Home to less than 3,000 people, Bal Harbour is situated on the northern tip of the Miami Beach and is a barrier island in the northern-most tip of a chain which goes far south up to Key West. The Collins Avenue is the main road running from south to north through Bal Harbour while a channel between the northern end of Biscayne Bay and the Atlantic Ocean passes through Bal Harbour’s…
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The Mansions at Acqualina - The Most Exclusive Condo For Sale

03 28, 2018
The Mansions at Acqualina in Florida’s Sunny Isles Beach is the final destination for those who prefer luxury in combination with natural beauty and if that destination in the Mansions turns out to its most exclusive condo, then it’s the ultimate gain. Condo For Sale at The Mansions at Acqualina Yes, the incredible Tower Suite in the over-the-top condo towers of Mansions at Acqualina is up for sale and there is little match for it in the beautiful Sunny Isles Beach and even in the entire Miami area.   About Mansions at Acqualina   The Mansions in Acqualina, the newest…
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Miami Beach Macy’s Location Under Contract With Potential New Owners

03 23, 2018
The site of the Miami Beach Macy’s is currently under contract for sale with commercial brokerage Marcus & Millichap overseeing the process. Official sale documents are still in the works, so as of yet the identity of the buyer is unknown as is the purchase price. The land, located at 1675 Meridian Ave., currently holds the two-story square building with 50,000 square feet of usable space for the buyer. The buyer will have the option of expanding the area of operations to as much as 137,000 square feet given the size of the plot. Scott Sandelin, of the brokerage firm,…
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Panorama Tower offers state of the art amenities for their pet-loving residents - Dogtown

03 23, 2018
Panorama Tower, Miami’s iconic tower that earned its name by its soaring heights, just announced a new retailer that will be a perfect amenity for dog lovers. Panorama Tower is the tallest building in Florida, and it’s recently decided to venture into retail. Dogtown will be the building's first retail tenant. Dogtown isn’t your run of the mill pet store; it’s a full retail location that will feature a pet hotel, spa, and daycare facility. The Dogtown location is set to open on Panorama Tower’s second floor this coming June. The retail area will take up over 3,300 square feet…
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Fisher Island’s Palazzo Della Luna Sets a New Bar for Luxury

03 23, 2018
Miami has always been known as a tourism hub in North America, but during the past several years, residential sales have sent an increasing trend. Full of culture and spirit, the area attracts more than your standard condos, instead favoring luxury condos that go above and beyond. Fisher Island is set to host the newest addition to luxury living. Palazzo Della Luna is the most recent development to unveil in the luxury condo department. Luxury is almost an understatement for the boutique condominium development. With 10 floors of pure opulence, the residential building features 50 units. These units range from…
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Beyond Realty Group International: The Triple Threat

03 19, 2018
  Real estate investing involves a heavy dose of capital and is not easy to walk away from after a property is already bought. Engaging a professional in this process can help you in this complex transaction. This is where Beyond Realty Group International enters the scene. This multidisciplinary real estate firm specializes in various areas of property management and is staffed with highly experienced professionals. Property Acquisition If you have a vision about your prospective real estate property, Beyond Realty Group International can assist you in turning that vision into Realty. The firm has an extensive roster of properties,…
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In Miami, Waterfront Property is in High Demand

03 16, 2018
Vacant waterfront property is nearly extinct. This is causing developers to target older properties, buy out the current owners at premium prices, and then tear it down to replace it with a new luxury tower. This process is also known as condo termination.   That was the strategy adopted by the Russian developer and businessman Vladislav Doronin, chairman, and CEO of the real estate firm OKO Group, with their newest plans involving a 47-story luxury tower, Una, in partnership with investor Cain International. Una will house 135 residents. Each unit has its private elevator entrance, and they range in square…
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Norwegian is putting its mark on Miami’s Skyline with New Terminal Plans

03 16, 2018
The skyline at PortMiami is going to look very different come 2019. Miami-based Norwegian Cruise Line has taken action to move forward with plans to construct a new, luxury terminal. The plan is still waiting for final approval from the Board of Commissioners. Once approved the project is set to be finished by November 2018. The plans were first announced in May of 2017. The plans show a new terminal being built east of the current Norwegian location at Terminals B and C. The new terminal will be known as Terminal B, and the current Terminals B and C will…
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Miami’s Real Estate Market is Going Strong

03 16, 2018
According to the Miami Association of Realtors, 2018 started off great for Miami real estate. January showed an increase in the sales of condominiums, single-family homes, and even luxury properties valued at and over $1 million. Comparing January of 2018 to January of 2017 shows us an increase of 5.1 percent in sales of residential properties in Miami-Dade. Last year’s 1,731 to this years' 1,820 is a $791.3 million increase in sales. That number doesn’t even include the multi-million dollar properties sold during January. Another great indication Miami market is going strong is a majority of properties sold at or…
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Drivers Club Miami: a short drive away from reality

03 16, 2018
A “country club for cars” is coming to Miami, the Real Deal reports. Developer Carlos de Narváez got the approval from Miami-Dade County commissioners for his $100-million project embracing 160-acre at 20000 NW 47th Avenue in Miami Gardens. The luxury car entertainment destination will count with a two-mile track, and amenities as maintenance facilities, private garages, a clubhouse and also facilities for local nonprofits, including a government center for northwestern Miami-Dade. The development, in a county-owned land, will be phased. Narváez will first lease 140 acres for a 30 years’ term; there is an option to expand. The county contract…
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The Ultimate Sunny Isles Beach, FL Lifestyle Guide

03 16, 2018
Sunny Isles Beach is one of the top touristic destinations in Florida. Nestled between the Atlantic Ocean and the Intercoastal Waterway, the town has earned its stripes as a resort town, catering mainly to well-heeled visitors. There are not too many Drillbit Taylor’s around here! It effortlessly combines upscale luxury with unspoiled natural beauty, making Sunny Isles an ideal vacation spot. Here is our lifestyle guide to let you experience the best this town has to offer. Things to do in Sunny Isles Beach [caption id="attachment_49953" align="aligncenter" width="640"] Sunny Isles Beach Oceanfront Condos[/caption] Sunny Isles Beach is dotted with interesting…
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3 Things to Keep in Mind While Purchasing an Investment Property in Miami Beach

03 15, 2018
Real estate investing is not for the faint of heart. It has gained popularity over the past couple of decades for its superior returns – in some locations. However, it also requires specialized knowledge and pivotal information that can help someone make a suitable decision. Real estate investment involves the selection, purchase, and management of the properties. Here are a few pointers you need to keep in mind when you embark upon this journey. Look at Pre-construction Properties in Miami Beach When you kick start the process of investment property purchase, you should start with pre-construction stage properties. There are…
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Jeff Bezos, Miami High School alum, Ousts Gates as the Richest of the Rich

03 09, 2018
The world has more billionaires today than ever before, and at the top of that list is Amazon’s, and Miami Palmetto High alum, Jeff Bezos. Bezos, at the age of 54, easily sped past Bill Gates on Forbes list of billionaires in 2018. Bezos’ net worth is set in around $112 billion, the first-ever report of a 12 figure net worth reported on the Forbes billionaire list. This figure is even more remarkable as it represents an almost inconceivable $39 billion increase over Bezos’ 2017 list figure. Bezos has stakes in a lot of ventures these days. He owns the…
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Where are the Ultra-Wealthy Buying their Homes

03 09, 2018
As we enter a new gilded age, the ranks of the ultra-wealthy have been growing exponentially across the world. London’s luxury real estate brokerage, Knight Frank, estimates that the number of these incredibly wealthy individuals (defined as those with net assets over $30 million) has grown by 35.6 percent between 2006 and 2012. Trends from 2012 to 2018 haven’t been fully analyzed, but world economic growth suggests the arrow is still pointing up. This ultra-wealthy class has been, unsurprisingly, snatching up real estate to grow and diversify their holdings. These purchases are sound long-term investments, but also tend to be…
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Personal Rapid Transit: the Future of Public Transportation

03 09, 2018
The future is closer than you think. After stalled plans for 15 years, the rapid-transit tunnel that links downtown to Miami Beach is finally moving forward - in more than one way. Any resemblance to the old plans has been disregarded to favor a future-forward technological solution instead. According to Miami-Dade commissioners, the new plans will eliminate the need to construct heavy and expensive rails. The newest plans revolve around PRT vehicles, or Personal Rapid Transit, which will seat four to six passengers and will offer a solution to congested Miami Beach traffic and be an additional draw for tourists.…
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The Miami River’s Reputation is on an Upswing 

03 03, 2018
As time passed the Miami River’s value was almost forgotten. The shoreline of the river consisted mostly of small, rundown shipyards, bait shops, and low-value marinas with no upkeep. Water was filled with oil build up. Falling apart boats and piers filled the water with debris. Once an integral part of the rum-running operations during the Prohibition, the river was a hot spot for traffickers and Coast Guard shoot-outs. The excitement on the Miami River peaked in 1985 as a group of corrupt police officers came across a vessel carrying $9 million worth of cocaine and decided to keep the…
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Surfs Up for Surfside's Luxury Development

03 03, 2018
What was once a quiet retirement community has been dramatically transforming into a hot-spot of culture and development. New high-end condos, shops, and restaurants have sprung up in Miami’s Surfside neighborhood both enhancing the neighborhood’s appeal while still hanging onto the charm that brought people into the area in the first place. What was once a relatively unknown spot hiding between South Beach and Bal Harbour is quickly becoming one of the fastest up and coming spots in Miami. Surfside rests along Collins Avenue from 87th St. to 96th St. nestled between the bay and the ocean and covers about…
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Plans Move Forward for Uptown Biscayne in North Miami Beach

03 03, 2018
Dean’s Gold, formerly known as Solid Gold, is a decades-old strip club that some locals treat like a historic landmark. Located at NE 163rd Street and Biscayne Boulevard, the club that has been operating since the days of Miami Vice and it will be shutting its doors in the near future. CK Privé Group, a joint development venture between Privé Land Banking LLC and CK Holding Group, will be taking over the location when Gold shuts down to replace the club with an ambitious undertaking - Uptown Biscayne which will include 245 luxury rental units, 170,000 square feet of retail…
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If you haven’t experienced Miami’s growing Design District, you’re missing out

02 24, 2018
Almost 25 years after Craig Robins, president and CEO of Dacra Development, began developing the 25-acre area, construction is nearly complete. Dacra now co-owns 70% of the District, along with General Growth Properties and the French company LVMH. Robins manages the everyday operations of the District. The Miami Design District encompasses 18 square blocks from NE 38th St. to 42nd St. between Biscayne Blvd. and N. Miami Ave. The District got its name in part because of the dozens of home design showrooms in the area, but Robins’ commitment to design extends much further. The public art is larger than…
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Election Fears Increase Mexican Investment in Miami Real Estate

02 24, 2018
Mexican real estate investors are flocking to Miami properties amid the political uncertainty of the country’s upcoming presidential race. Diego Arnuad, broker-owner of Aventura-based DA Luxury Realty, explains that one of his clients, worried that the election will “generate volatility,” has committed to spending $20 million to acquire three Walgreens-leased properties in Miami. Several others have bought multimillion-dollar homes at Prive at Island Estates in Aventura and the Ritz-Carlton Residences in Sunny Isles Beach. Many are fleeing the unstable Mexican economy for the more secure markets in the US, and South Florida specifically. According to Riviera Point Development Group CEO Rodrigo Azpurua,…
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Driverless Technology Expected to Transform the Real Estate Market

02 24, 2018
Experts estimate that driverless cars and other autonomous vehicles will be commonplace within a decade or so. This will not only permanently alter the transportation industry, but it will also revolutionize real estate. A report published by independent think tank RethinkX concludes that using pay-per-ride driverless transportation services will quickly become much cheaper than car ownership.  With more companies and fewer citizens owning vehicles, the need for parking will decrease dramatically, freeing up millions of acres of real estate for development across the US. Additionally, as travel becomes less cumbersome, commuters may decide to live further from work, causing sprawl and…
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Miami International Boat Show and the Miami Yacht Show: Highlights you Can't-Miss

02 17, 2018
The 2018 Miami International Boat Show and the Miami Yacht Show is happening now through February 19th in sites at Virginia Key in Miami and Collins Avenue in Miami Beach. Approximately 100,000 visitors are expected to attend the five-day event to check out thousands of featured boats, yachts, and marine accessories. In exchange, the city should expect hundreds of millions of dollars in economic impact. Attendees will also sharpen their sailing skills in the dozens of seminars taught by certified professionals, and enjoy the vast variety of catering options, including several local restaurants. All of these exhibits and activities take…
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New plans for Missoni Baia adds more than 100 units to the building

02 17, 2018
The company 700 Edgewater Development LLC tied to developer Vlad Doronin, owner of the Miami-based development company OKO Group, filed new plans for the Missoni Baia, the project at 777 NE 26th Terrace in East Edgewater. The formal request includes some design modifications as well as changes in the units, modifying the initial plan to build a 146-unit tower with about 771,000 square feet to 249 units with 838,000 square feet. The parking spaces also changed from 323 to 399 parking spaces. “Shifting market conditions and an increase in demand for smaller units,” was the reason for the request. Missoni’s…
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Jungle Island Reopening Soon with New Attractions

02 17, 2018
Jungle Island is set to reopen this spring with a pivot from the original plan, according to sources from the Miami Herald. ESJ Capital Partners purchased Jungle Island last April, hoping to upgrade the Watson Island theme park with a lazy river, zip lines overlooking Miami Beach and downtown, new animal exhibits, children’s rides, and a private beach club. However, they experienced construction setbacks when Hurricane Irma ravaged Florida in September. The park has been closed since then and is scheduled to reopen in late spring with a few new attractions that will unveil between the park’s late spring reopening…
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Foreign Investors Drawn to Luxury Real Estate in Miami

02 10, 2018
Luxury real estate within the United States has attracted the attention of foreign investors. Spending an amazing $7.5 billion dollars on real estate in the US - on homes averaging more than $1 million dollars in sales price - investors have focused most of their buying power in the cities of Miami, Los Angeles, and Manhattan. Nearly 40 percent of all sales were done in those three cities, with Miami leading the pack with one-quarter of the total. Los Angeles came in second at 9 percent, and Manhattan was third with a much lower 3 percent. Perhaps because Miami had…
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Rising Home Prices Set the Trend for 2018

02 10, 2018
The national price of homes continued to climb in the month of November, rising over the past year an average of 7 percent across the nation. Home prices are expected to continue to climb another 4.2 percent through November 2019. While there has been a steady increase in home prices since 2012, the largest rate increase in the 20-city index registered a 6.4 percent growth rate year-over-year. This is the single highest increase since June of 2014. The monthly data was released Tuesday by the S&P CoreLogic Case-Shiller index. However, November upsurge was spread throughout the nation unevenly. The biggest…
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Ownership of the Site of the Historic Seagull Hotel Consolidated Under JHG Holdings

02 10, 2018
Miami Beach has seen a major change of ownership of one of its best-known properties. The historic Seagull Hotel, set on a lot measured at 53,430 square feet, ended up with a new landlord recently after a court-ordered auction resulted in the consolidation of ownership under a single firm. The hotel has been a fixture on Miami Beach for quite some time located at 100 21st Street. The hotel has 172 rooms with eight stories and 116.335 square feet. The Seagull was built in 1948 and has since been placed on the National Register of Historic Places. Ownership of the…
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Miami's Soon-To-Be 15 Tallest Buildings

02 08, 2018
By: Ismael Rodriguez Miami’s skyline paints a picture that is both aesthetically pleasing and dynamic, constantly growing in size and evolving before our eyes. For the past decade, Miami has become the second fastest growing skyline in the U.S., second only to New York City. In the past, height restrictions in Miami had limited towers to go higher than 800 feet, but that all changed in 2015. The 764-foot Southeast Financial Center was the tallest skyscraper then, surpassed by the 789-foot Four Seasons in 2003, but height limitations have loosely been altered to allow developers to go beyond the 800-foot…
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David Beckham declares Overtown ‘is our site’ for Miami soccer

02 03, 2018
Miami is finally to get its shot at Major League Soccer. David Beckham recently declared Overtown the final choice to host the city’s major league team. The decision was long-awaited, and the expansion will allow a professional soccer squad.   During a Sunday interview with newscaster Glenna Milberg, the soccer legend elaborated on the rocky road leading up to his announcement of finally selecting the end of his quest to find a perfect location for his stadium. Finally, with the MLS approval of Beckham’s Miami franchise, plans for a 25,000-seat stadium in Miami’s Overtown neighborhood are set to move forward.…
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Enterprise Florida to Head Trade Mission to Brazil

02 03, 2018
State economic development agency, Enterprise Florida, is set to deploy a trade mission for the first time. It will be limited to only service providers. The travel dates are set for June 23-27 and the destination is São Paulo, Brazil. “The reason we’re doing this is that we are among the top four states in exporting services,” stated Manny Mencia. Mencia is the senior VP of Coral Gables-based international trade and development for Enterprise Florida. He went on, elaborating. “Florida has one of the largest concentrations of knowledge-based service providers.” Enterprise Florida is looking to add a wide range of…
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Miami to Possibly Double River Cargo Load

02 03, 2018
Information derived from an ongoing study led by Florida state concludes the river has the ability to handle double the cargo being moved on the waterway. The study is part of the Miami River Freight Improvement Plan. “There’s a lot of reserve capacity on the river,” elaborated Jack Schnettler, vice president and senior transportation engineer with Atkins North America Inc. Atkins is a consulting firm that is collaborating with the Florida Department of Transportation (FDOT) on the river’s  freight study. During the January Miami River Commission meeting, Schnettler presented a PowerPoint on a freight improvement plan. The Miami River is…
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New Commercial Construction Increased In South Florida during 2017

01 27, 2018
Commercial and Residential construction were at opposite ends of the spectrum in South Florida during 2017. Commercial construction showed at the high end of the scale, with developers quickly starting and completing projects. South Florida saw over $5.7 billion in new commercial construction. According to the Dodge Data and Analytics’ year-end report, that number is a 27 percent increase from the previous year. South Florida’s commercial growth is continuing to thrive as general contractors in the area are shifting their focus to the commercial sector, including multifamily apartment buildings and industrial properties. There’s a heavy focus on seaport and airport…
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A Hidden Lot Under Macy’s Miami Beach hits the market

01 27, 2018
While the sale of the lot is another sign of Macy’s overall decline, the newly opened up Miami Beach property brings great opportunity. The large lot is leased to Macy’s, and while Macy’s has another 32 years on the lease, the property is already set for sale and the owners expect to bring in more than $20 million in the trade. The massive 50,000-square-foot lot is zoned CD-3. According to the listing brokers, Alejandro D’Alba and Scott Sandelin, the zone means the property can be developed into 137,000 square feet and up to 75 feet tall. The lot is located…
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Increase in Miami Hotel Industry following Hurricane Season

01 27, 2018
Following the devastation of Hurricane Irma in September, the increased demand has led Miami’s hotel industry to have one of the strongest fourth quarters of any market in the United States over the past year. The Revenue per available room shot up 16.3 percent from $152.42 months October through December. Revenue per available room is a widely used metric within the hotel industry. According to the hospitality tracker STR, that growth is almost four times the RevPAR national growth over the same period of time in 2016. Not stopping there, the Miami or Hialeah market also showed the second-highest increases…
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YotelPad: Chic Living in Downtown Miami

01 19, 2018
Miami is a growing city and companies like MIAMI, also known as CBMiami, work hard to keep on top of the ever increasing demands. MIAMI is a company known for micro hotels, their most recent project, YotelPad, stays true to their brand. This YotelPad will be the first location along the United State’s East coast. Aria Development is the company responsible for the development of the YotelPad concept. The YotelPad will be part hotel and part residence. YotelPad is an extension of the original YOTEL and the YOTELAIR cabins. The luxury appointed apartments were purposefully designed as compact homes, known…
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Will Miami be Amazon’s Newest Headquarters Location?

01 19, 2018
Miami city officials have been on the edge of their seats waiting for information on where Amazon will host its second headquarters. “We would like to move Miami forward in the process so we can continue to learn more about your community, your talent, and potential real estate options,” words written by Amazon executive, Holly Sullivan. She continued on, “Please email me back with available times for a call so we can discuss next steps.” Miami was one of 20 other locations within the United States and Canada to be considered as a hub for Amazon’s new headquarters. The additional…
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Chinese Investors are in Love with Miami.

01 19, 2018
Miami is a city that appeals to Chinese investors. It’s viewed as a global city and as a great investment. Caroline Li Griffith, a private real estate investor from Zhenjiang offers her insight on why Miami appeals to Chinese investors. “As a real estate investment, Miami has much lower price points than Shanghai and Beijing which is very attractive.” Griffith, having just purchased her third luxury condo in Miami, is a bit of a self-proclaimed expert. She divides her time between Miami and New York. The laid-back atmosphere, friendly people, and beautiful weather in Miami had her falling in love.…
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Fourth in Value, First in Heart: Miami Housing Market on the Rise

01 13, 2018
Location, location, location. It is a truth universally acknowledged that, in the real estate game, nothing is as important as where you are and when you buy in. Whether you’re looking for a retirement home, a starter home, or an investment property, the difference between a growing market and a stagnant one might as well be the difference between life and death. If your assets aren’t appreciating, you’re losing money every step of the way. All of this is good news for residents, both current and future, of Miami, Florida. Lagging behind only the sprawling metropolises of Los Angeles, New…
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Biscayne Bay Development Plans from the Genting Group Makes Significant Advances

01 13, 2018
The Miami City Commission took the first leap in the upcoming marina development along Biscayne Bay, which is slightly north of downtown Miami, with a decision to begin clearing the area for the future development of Resorts World Miami. The commission is acquiring the deeds for submerged land in Biscayne Bay along with additional submerged land in that area. The plan is to take these deeds and turn them around by leasing them to the Genting Group. The Genting Group is a Malaysia based development company and the movement behind the multimillion dollar development along Biscayne Bay. The Genting Group…
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Mount Sinai Medical Center Expansion Coming to a Close

01 13, 2018
The Mount Sinai Medical Center released its plans for expansion in late 2016 and jumped straight into executing those plans. The expansion consisted of adding a new surgical tower and an emergency department to their Miami Beach location and totaled an estimated cost of $275 million dollars.  Chief Executive Officer Steven Sonenreich states the additions are scheduled to be completed by the end of 2018. Steven Sonenreich went on to explain “The new surgical tower will offer up to 350,000 square feet of space, 12 state-of-the-art operating rooms and 155 private rooms, whereas the new emergency department will offer up…
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With a giant new slide, your next adventure is at Aventura Mall

01 05, 2018
The luxury Aventura Mall, considered one of Miami's top shopping destinations with around 30 million visitors per year, celebrated the opening of its newest attraction, the “Aventura Slide Tower,” on December 15. You can experience the adventure sliding through a 93-foot-tall glass and steel tubular tower designed by German sculptor Carsten Höller and the Miami firm Permuy Architecture. The slide is one of the features of the mall’s newest expansion, which will cost $214 million. Designed by renowned architect Carlos Zapata, the new wing will create a welcoming connection between the internal and external environments, highlighted by art and sculptures.…
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Homeland Security Expanding Airport Preclearance to 11 New Airports

01 05, 2018
The Homeland Security Department has selected 11 new airports located in different countries to receive the US Preclearance - a program that will allow US immigration and customs agents to screen travelers to the United States prior to shipment, including Brazil. Among the selected Brazilian airports are Guarulhos (SP) and Galeão (RJ). [caption id="attachment_49101" align="alignleft" width="2048"] GRU - Aeroporto Internacional de São Paulo[Sao Paulo International Airport - Brazil][/caption]  The proposal is to help reduce flight delays and make life easier for passengers who have connections in the United States and who often face long queues for immigration at the time…
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More Improvements Coming to Fort Lauderdale Airport

01 05, 2018
The Fort Lauderdale-Hollywood International Airport will soon fully live up to its moniker. Renovations already started, and is one of the largest ever performed by airports in the country. As of December 19, Concourse G of Terminal 4 has gained new boarding gates along with a coffee shop, newsstand and gift shop. The place now has higher ceiling, more natural lighting and a modern architectural style. By the end of 2018, there will be more restaurants including a Burger King, Kafe Kalik and A Taste of the Caribbean. The space has new seats and places to recharge electronics, spacious bathrooms…
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Government approves stretch for high-speed train between South Florida and Orlando

12 23, 2017
The Brightline high-speed train linking South Florida to Orlando may begin to operate even earlier than planned. According to a statement from the company, the next phase of the rail passenger service has been approved by the federal government and is expected to begin construction in the first quarter of 2018. Recently, the Federal Railroad Administration issued a statement including the route from Miami to Orlando in the next phase of construction of the company. "This is the most critical and final step in extending Brightline's service to Orlando, and we look forward to moving forward," Brightline CEO Dave Howard…
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Paramount Miami is halfway to the top

12 23, 2017
Construction is moving along quickly at the Paramount Miami Worldcenter, with the project recently hitting its halfway mark. Miami's future amenities king is currently 70 percent sold with over 48 nationalities represented amid the buyers, per a representative. The building is the first condo tower for sale within the Miami Worldcenter development and encompasses over 500 units. Among its selection of amenities, the future residents will enjoy tennis courts, swimming pool, hiking trail, playground, picnic area, and pool cabanas starting at $295,000. On the 9th floor of the tower, a football field will be available to the residents who may…
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Florida's workforce growth rate exceeding four times national average

12 23, 2017
The metropolitan areas of Orlando, Tampa, and Miami, are the top three in economic growth and jobs creation in Florida, according to a recent government data. With Florida's workforce growth rate exceeding four times the national average, the state now focuses on reducing taxes and decreasing regulations to attract businesses. The state's economy continues to grow steadily, and Florida's business sector was one of the most prosperous in 2017, Gov. Rick Scott said. 127,400 new jobs were created in October and the unemployment rate fell to 3.6%, the lowest rate since February 2007. Since December 2010, Florida companies have created…
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Property in Miami is for Sale by 33 Bitcoins - Money is not Accepted

12 15, 2017
The Bitcoin is becoming more and more relevant to the economics of the modern time. Platinum Condominium in Wynwood has listed unit for roughly $563,000. However, the owner of the property is not accepting cash as a form of payment – he wants to receive only Bitcoins. Broker Justino Ferret from United Realty Group makes it clear that the apartment’s only method of payment is the amount of 33 Units of Bitcoin. The reason as for why the owner of the unit is only accepting the digital currency it’s still unknown, but the strategy has brought a lot of attention…
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Amazon introduces the app that connects agents with leads and books showings

12 15, 2017
Amazon, the online retail giant, has surprised the real estate world with its recent development: Agent Neo. The app features the newest technology for the Amazon Echo, the Alexa-voiced internet appliance. This new technology will help agents to buy, sell or book a showing in a property with a simple voice command. To use the app, customers have to tell Alexa the address of the property they are interested in and the time desired of the showing, and the app will recommend available realtors on the area that have partnered with them. For realtors, Agent Neo is a new marketing…
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Success in NY and LA, the Ice Cream Museum Arrives in Miami

12 15, 2017
Woke up this morning feeling like you need to swim in a pool of ice cream sprinkles? Don’t you worry, because after Los Angeles, San Francisco and New York, it is Miami Beach's turn to win the Museum of Ice Cream. The interactive (and delicious) attraction that will showcase some of the world's most famous frozen dessert story. Some of the Museum highpoints include the colorful and super attractive rooms with a swimmable pool filled with 100 million sprinkles, a gummy bear mural, a banana split made of 10,000 "bananas," and a jungle of melting ice pops. Miami’s décor version…
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Founder of Multiplan wins approval to build Miami Beach condo

12 08, 2017
Multiplan owns, among other projects, the luxury mall “Morumbi Shopping” in Brazil Brazilian billionaire José Isaac Peres, founder of Multiplan Real Estate Asset Management, received the city’s approval to redevelop one of the most iconic buildings in Miami Beach, the Marlborough House built 56 years ago, which should be demolished. The once controversial project had been the target of several protests, mostly because of a concrete walkway with exclusive access to the beach that could interfere with the distribution of natural light on the site and block the ocean view of a few neighbors. To secure approval from the Miami…
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How will the tax bill impact Miami Real Estate?

12 08, 2017
The United States Senate approved last Saturday, December 2nd, the tax reform advocated by President Donald Trump, which represents the largest tax reform since the 1980s, but also a significant increase in the US fiscal deficit. The bill was approved with 51 votes in favor, all from Republican senators, and 49 opponents, almost all of them Democrats. The U.S. Senate is expected to reconcile the text approved with their House of Representatives, who approved a separate version of the bill with some differences, before Trump could sanction the reform. The law that comes out of this negotiation between the two…
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Real estate and art merge at the 3rd edition of “Art + Real Estate”

12 08, 2017
On Wednesday, BRG International sponsored the Art + Real Estate 2017 Edition featuring the paintings by the Argentinean artist Daniel Bottero. The exhibition was planned to coincide with the first day of the 16th edition of one of the biggest art festivals in the world, Art Basel Miami Beach. The event took place in the newly and expanded elegant space of BRG International Head Quarters. Art enthusiast and collectors had the opportunity to enjoy some of Bottero’s works as part of their Art Basel experience. During the event, BRG International displayed images of some of the most desired homes available…
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The 3 Top Amenities in Bal Harbour Condo Living

12 08, 2017
Living in a Bal Harbour Condo The Surf Club: Winston Churchill is among the most well-known names in history. The man was a lover of politics, cigars and a good glass of scotch.  A man known for his certainty and conviction. So much so, that The Surf Club in Bal Harbour has named their intimate bar “Churchill Bar” honoring one of the Club’s most renowned guests. Located in the Surfside community of Bal Harbour, The Surf Club not only has a special place in Miami Beach’s history, it has spectacular oceanfront, immaculate landscaping and an elegant Four Seasons restaurant with…
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Malls Open Doors to a Booming Fitness Industry

12 01, 2017
By: Ismael Rodriguez There’s a new trend in the mall business, and it’s gyms and spas like Equinox in Aventura Mall, for example, are becoming popular mall tenants as department stores and retailers decline across the country. The real underlining reasons behind the emerging gyms in malls and shopping centers are due to a booming fitness industry, and the slow decline by retailers, who are folding because of the unrelenting competition brought on by e-commerce, according to the Wall Street Journal. As a result, Chicago-based General Growth Properties, for one, is planning to bring gyms to half of its 115…
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Canvas in Miami’s Arts & Entertainment District Lowers Deposit Requirements to 20 Percent

12 01, 2017
By: Ismael Rodriguez The developers of Canvas, a 513-unit condo tower under construction in Miami’s Arts & Entertainment District, have lowered deposit requirements to attract local residents. The development, which sits at 1630 Northeast First Avenue, is 75 percent presold and expected to open during the second quarter of next year, according to a press release by NR Investments. Led by principals Ron Gottesmann and Nir Shoshani, NR Investments lowered the required deposit to 20 percent. In 2016, the developers also received project approval from Fannie Mae, a strategic move to attract domestic buyers, allowing those qualified to get up…
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Historic Greenwich Studios Hits the Market

12 01, 2017
By: Ismael Rodriguez Greenwich Studios in North Miami, a historic warehouse complex that has hosted productions like “Flipper” and the iconic “Miami Vice,” hit the market for $15 million this week. The warehouse at 12100 Northeast 16th Avenue #100, founded by movie producer Ivan Tors in the 60’s, has been the set of blockbuster movies like “The Birdcage,” “Stuck On You,” and “There’s Something About Mary.” Sylvan Adams, the CEO of Iberville Developments, bought the property in 1990 for $1.4 million. And now studio manager Carlene Tiedmann told the press that developers have been eyeing the property since. The warehouse…
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Brazilian Developer Plans to Build 445-Key Brickell Hotel

11 22, 2017
By: Ismael Rodriguez Brazilian-based developer Galwan plans to build a 41-story hotel tower near Miami’s Mary Brickell Village. The planned 445-room tower would sit at 88 Southwest 10th Street and be split into two Wyndham Hotel Group brands, a 200-room Wyndham Grand and a 245-room Tryp by Wyndham, according to a press release. The project, which will be designed by Arquitectonica, marks the first in U.S. soil by Galwan. GW Brickell LLC acquired the development in 2015 for $26 million, according to company records found by The Real deal. The planned hotels will share the lobby and lounge space on…
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Wealthiest Zip Codes in Florida

11 22, 2017
By: Ismael Rodriguez In Florida wealth has been known to amply spread among industries like real estate, amusement parks, insurance and resorts. Certain destinations thrive above others, of course, and among these stands South Florida, a region with six of the wealthiest ZIP codes in Florida—Key Biscayne being the wealthiest ZIP code in the state. The American City Business Journals reported that Key Biscayne, located south of Miami Beach and east of Miami, stands atop a list of expensive, yet flourishing communities that continue to grow tenfold.  Residents in this cozy jewel earn an annual per capita income of $79,020…
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South Beach to Get its First Target store

11 22, 2017
By: Ismael Rodriguez South Beach is known to have a wide variety of retail and supermarket brands, but it has never had a Target store— until now. The retail corporation, which plans to settle at 1045 Fifth St. in Miami Beach, the BLVD at Lenox retail development by the Comras Company, will open a string of small-format, compact stores to cater the younger demographic and in-store-pickup online shoppers. “Target has been seeking the ideal location for a small-format store in Miami Beach, so we’re thrilled to be part of the BLVD at Lenox shopping complex to conveniently serve residents and…
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Apeiron at Jockey Club Wins Approval for Construction

11 17, 2017
By: Ismael Rodriguez The Biscayne Bay Shores Council has approved Apeiron at the Jockey Club, a high-end residential and hotel project designed by famed Spanish architect Rafael Moneo. The proposed project, which is located at 11111 Biscayne Boulevard, will include 120 residences, a 90-room boutique hotel, a five-acre gym and spa facility, a deep-water marina and numerous upgrades to the existing site. "One of the first things to strike me about the chance to build at Apeiron was the opportunity to design not just with the architecture, but with the gardens, with the marina and with the views," Moneo told…
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Florida Tops a List of Foreign Residential Purchases in U.S.

11 17, 2017
By: Ismael Rodriguez Latin American buyers got off to a slow start in home purchases in Florida, but the state remained the top destination for foreign buyers looking to acquire U.S. residential real estate this year. And within the state, most of those foreign purchases were in South Florida, with Miami, Fort Lauderdale and West Palm Beach accounting for 53 percent of the total, according to a newly released report from Florida Realtors. The state accumulated 22 percent of all foreign purchases in the U.S., with international sales reaching $24 billion for the fiscal year, up 25 percent from the…
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Daniel Bottero Joins BRG for a Night of Art & Real Estate

11 17, 2017
By: Ismael Rodriguez BRG International will host Argentinian artist Daniel Bottero and his art exhibition at the firm’s annual “Art + Real Estate” on Wednesday, Dec. 6. The event, a forerunner to the 16th annual Art Basel Miami Beach fair, will also showcase BRG’s new and improved headquarters on Lincoln Road. The event, which runs from 7 p.m. and 11 p.m., sets out to blend the best of both worlds, bringing real estate and art to the main stage. With an array of handcrafted cocktails and hors d’oeuvres, the guests are welcomed to roam freely around the new headquarters and…
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Bal Harbour Lifestyle

11 15, 2017
Located in on the barrier island of Miami Beach, Bal Harbour is a great community filled with the styles and comforts of luxury living with a small town feel at its heart. It’s prosperous community that houses a lot of beautiful Bal Harbour condos for sale surrounded by lavish and extravagant beaches, restaurants and lounges that can cater to every style such as La Goulue, Carpaccio and Makoto .  Not to mention world class shopping at the Bal Harbour Shops with stores which include Fendi, Chanel and Dior. The beaches are stretches of white sands and turquoise waters.  Multiple activities…
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What You Can Get for Under 1 Million Dollars

11 12, 2017
Whether you’re searching for a second home as an investment or a place to call a forever home, we have provided a list of Bal Harbour Condos for Sale and the beautiful buildings you can find them.   Harbour House: This renovated luxury condo in Bal Harbour has 457 units on 16 floors.  Harbour House is mere steps away from the famous Bal Harbour Shops and close to the buzzing nightlife of South Beach and Miami. Equipped with an outdoor spa, you can relax after investing in some quality time with yourself and afterwards take a dip into the pool…
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New Condo in Little Havana Honors Salsa Legend Celia Cruz

11 10, 2017
By: Ismael Rodriguez Little Havana, over the years, has become a safe haven for Cuban immigrants and their families. It’s history lies side-by-side with Cuban culture. First, second and third generation Cubans make-up the majority of the community. Plaza Celia is the latest homage to Cuban culture in Little Havana. The 16-unit boutique apartment building broke ground recently, with Miami Mayor Tomas Regalado on hand for the ribbon-cutting ceremony. The development’s name, for those not familiar with Salsa, honors the late Cuban singer Celia Cruz, the Queen of Salsa and an active voice in the fight for the justice and…
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The New Wynwood Walk is Underway

11 10, 2017
By: Ismael Rodriguez New York-based Thor Equities secured the financial means to begin construction on its planned retail and restaurant development, Wynwood Walk. The developer bought 2.3 acres in the neighborhood and later garnered the approval of the Wynwood Design Review Committee in May to move forward with the project at 2800 Northwest Second Avenue. Bank of the Ozarks provided the construction backing for the developer, according to what a bank spokesperson told the press, but declined to state the exact amount provided by the bank. The developer plans to build a two-story, mixed-use building with 20,400 square feet of…
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The CIRC Hotel to Open Early Next Year

11 10, 2017
By: Ismael Rodriguez The CIRC Hotel, a modern, 111-room boutique hotel across the street from the ArtsPark at Young Circle, is set to open in downtown Hollywood at the start of next year. The 12-story hotel, which will sit at 1780 Polk Street, was inspired by the area’s urban scene. And it plans to plans to draw crowds by hosting an arts contest, where local artists are able to submit pieces that will be displayed in the hotel’s lobby and meeting space. The development will include Olivia, an Italian restaurant by Piero Filp and Marcello Sindony; a rooftop bar and…
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The Bass Art Museum Reopens After Closing for More Than Two Years

11 02, 2017
By: Ismael Rodriguez After two long years and $12 million worth of renovations, The Bass in Miami Beach has reopened with more exhibition galleries than before. The project was responsible for expanding the museum’s operating space by 50 percent, increasing the number of exhibition galleries from four to eight. Other upgrades to the museum included the removal of a large ramp in the middle of the museum to make room for additional galleries and an enlarged lobby and reception area. The patio was also remodeled and enclosed for events and art installations, while the education center was expanded to include…
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300 Biscayne to Become Miami’s Tallest Tower

11 02, 2017
New York-based developer PMG released renderings this week of their latest project, 300 Biscayne, which is expected to become Miami’s tallest tower at roughly 1,041 feet above ground. The high-end project will also add an ultra-luxury hotel and branded residences, according to a description by the developer. There’s a 20,000-square-foot sales center currently under construction on the site, which will include visual and tactile features designed to separate itself from other towers on the market. PMG told the press in a previous interview that the project is expected to have 500 condo units inside an 88-story tower.
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Lennar Buys CalAtlantic, Becoming Largest U.S. Homebuilder

11 02, 2017
By: Ismael Rodriguez Miami-based Lennar Corporation will buy rival CalAtlantic Group for $6 billion, creating the largest homebuilder in the country. Lennar CEO Stuart Miller told the press the deal should rank the merged companies within the top three in 24 of the top 30 markets in the country. Lennar and CalAtlantic, when placed together, have reported revenues of more than $17 billion last year and a market cap of around $18 billion. The real estate giant also expects to generate about $250 million a year in savings, including $75 million in 2018, according to Lennar. The combined companies will…
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The Seminole Hard Rock will Undergo a $1.5B Expansion

11 02, 2017
By: Ismael Rodriguez The Seminole Tribe of Florida and Seminole Gaming showcased the $1.5 billion expansion project planned for the Seminole Hard Rock Hotel & Casino in Hollywood last week. The expansion project will revolve around a colossal guitar-shaped tower measuring 450 feet. The casino will also have 3,267 slot machines, 178 table games and a new poker room that expands 18,000 square feet, according to a press release from Seminole Gaming. The plan is to double in size, which will include 60,000 square feet of new retail and restaurant space and a $100 million, 7, 000-seat concert venue. The…
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North Beach Pursues Master Plan for 10-Block Revitalization

10 27, 2017
By: Ismael Rodriguez There’s a new ballot that, if approved, will allow North Beach to pursue a master plan for revitalizing a 10-block district along 71st Street between Collins Avenue and Indian Creek Drive. The ordinance, item #82 on the ballot, is an initiative that increases floor-area-ratio in the town center zoning districts to 3.5, which should prompt growth and density in the neighborhood, making room for new public spaces, housing, dining and retail. Part of the ordinance also includes the increase of mid-rise buildings to 125 feet tall, doubling the total building density. The blueprint, which has been guided…
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BRG Studio Wins Vote to Revamp The Santa Maria Health Club

10 27, 2017
By: Ismael Rodriguez The Board of Directors at Santa Maria Brickell, one of Miami’s iconic luxury residences, revealed on Wednesday night that a majority of its homeowners voted in favor of the $2.5 million project by BRG Studio that sets out to revamp the condo’s aged health club. The results were revealed a month after all homeowners at Santa Maria received and voted on the proposed renovations by BRG Studio, a Miami-based architectural firm, that posed a cost-effective alternative to expanding and reinvigorating the current gym space. The project received a 63 percent approval rate to pass and go into…
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The Riverside Wharf to Open Next Month Along the Miami River

10 27, 2017
By: Ismael Rodriguez The Miami River, in recent years, has seen an abundance of new and innovative concepts sprouting on its riverside. And the Riverside Wharf, which will debut in November, is definitely making use of the river’s prominent location and scenic beauty to entice its guests. Located at 114 SW North River Drive, the 30,000-square-foot project, debuting just before Art Basel, brings a unique mixed-use food and dining complex that will represent a fresh hub for local fishing, restaurant dining and public enjoyment. But for opening weekend, though, the guests that come to the Wharf can expect a delightful…
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Downtown Miami’s New 45-Story Condo Designed by Carlos Zapata

10 27, 2017
By: Ismael Rodriguez NR Investments plans to add another residential tower in downtown Miami’s lively Arts and Entertainment District with the help of renowned Venezuelan architect Carlos Zapata. Zapata has designed the 45-story, 457-unit condominium at 31 N.E. 14th Street, which would sit across from Melo Group’s Square Station, according to what the developer told the SFBJ. The site will also have an 11-story mixed-use tower with 150 hotel rooms and 30,000 square feet of office space. The units are being designed for end users who will take up residence there, with smaller sizes and cheaper prices. The residents will…
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First U.S. Airbnb-Branded Apartments Coming to Florida

10 20, 2017
By: Ismael Rodriguez Airbnb is partnering with a Miami-based developer to introduce the first Airbnb-branded apartment building in the U.S., a move by the short-term rental giant to bring a traditional and innovative approach that might encourage property managers and developers to allow Airbnb rentals. The 324-unit project, dubbed Niido, which will sit just outside of Orlando in Kissimmee, is said to feature hotel-like amenities and urge tenants to sublease their spaces online, according to a Bloomberg report. The building is expected to open during the first quarter of next year, and it will also feature keyless entry and on-demand…
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Miami Ranks Among Top Cities for Amazon’s Second Headquarters

10 20, 2017
By: Ismael Rodriguez The race for Amazon’s highly anticipated second headquarters has drawn Moody’s Analytics to collect enough data to build a list of the top contenders for the e-commerce giant. Moody’s Analytics presented Amazon with a list containing the name of ten cities with the greatest potential for 50,000 jobs and a $5 billion investment. The firm compiled the results based on five categories— business environment, human capital, cost, quality of life, and transportation. The firm also valued geography as a focal point in ranking the cities. The rankings, according to Moody’s Analytics, are as followed: Miami sits seventh…
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WeWork Building to Open in Downtown Miami in December

10 20, 2017
By: Ismael Rodriguez After two years of waiting, WeWork has finally announced it will open its downtown Miami location on Dec. 1. The New York-based, co-working firm, which is currently valued at $20 billion, will open on the first of December at the Security Building, a 15-story building sitting at 117 Northeast First Avenue, according to what the firm’s spokesperson told the press. WeWork had signed a 15-year lease for the building two years ago, marking the fourth Miami area location for WeWork, with two in Miami Beach and one at Brickell City Centre. The Security Building location, which amasses…
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Developers of Flood-Proof Monad Terrace Receive Financial Backing

10 20, 2017
By: Ismael Rodriguez After acquiring $62.5 million in financing, JDS Development Group can now complete the Monad Terrace, a flood-proof luxury condo tower on West Avenue between 13th and 14th streets in Miami Beach. The $62.5 million is comprised of a $20 million loan from the Bank of Ozarks and $42.5 million from the Vanbarton Group. Aside from the newly obtained $62.5 million in financial backing, the Miami Beach-based developer had already invested $40 million in equity just to secure these funds, according to what Michael Stern, founder of JDS Development, told the press. The 59-unit Monad Terrace, which is…
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“Hustle & Soul” Star Chef to Open Restaurant in Miami Beach

10 13, 2017
By: Ismael Rodriguez Soul food connoisseur and celebrity chef Lawrence Page, the star of the reality TV show “Hustle & Soul,” inked a lease to bring his New York-based soul food concept, Pink Tea Cup, to Miami Beach’s Washington Avenue. The lease, which grants Page 5,500 square feet at 1542 Washington Avenue, marks the second location for his restaurant, according to what Fortune International Realty’s Wolfgang Herz and Ricardo Du Pond told the press. The Pink Tea Cup, known for soul food dishes like chicken & waffles and catfish & ribs, is expected to open in late December or early…
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Dale! Pitbull To Open Restaurant on Ocean Drive

10 13, 2017
By: Ismael Rodriguez Pitbull has become the latest celebrity to lease a space in one of the renowned Nakash family hotels on Ocean Drive, Miami Beach. The Miami native and international rap star is bringing a slice of his Cuban heritage by opening a restaurant called “iLov 305“ in the former Bon Air Hotel at 1060 Ocean Drive, according what Nakash attorney Alfredo Gonzalez told the press. The news came during this week’s Miami Beach Historic Preservation Board meeting, during which Gonzalez voiced that an affiliate of Pitbull had signed a lease with Nakash Strand LLC. “It will be a…
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Contractor Wins the $260 Million Contract to Build River Landing in Miami

10 13, 2017
By: Ismael Rodriguez Balfour Beatty PLC, a London-based infrastructure group, was awarded the $260 million contract to build the much-anticipated River Landing Shops and Residences in Miami. Construction on the riverfront development, which spans two million square feet, is expected to begin by year-end and to be finished by the fourth quarter of 2019. The 8.14-acre development site at 1400 Northwest North River Drive, which sits along the Miami River, will include a riverfront park, 475 apartments and 426,000 square feet of space for retail stores and restaurants. H&R REIT, Urbanx Co. and real estate developer Mathews Southwest hired Balfour…
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Aston Martin Residences to Break Ground Next Week

10 13, 2017
By: Ismael Rodriguez The developers of Aston Martin Residences, the latest luxury brand to reach for a slice of South Florida’s condo market, announced its formal groundbreaking ceremony would take place on Oct. 18. G&G Business Developments, the Miami-based real estate firm owned by Argentine supermarket tycoon German Soto and his mother Gloria, told the press of its plans to break ground a month after filing a notice of commencement with Miami-Dade County for the 66-story, 391-unit skyscraper in downtown Miami, with sales already surpassing the $100 million mark in deposits. The highly anticipated development has been speeding through the…
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Ofa Opens In Miami Beach

10 06, 2017
By: Ismael Rodriguez September was a sizzling month for restaurant debuts in Miami Beach, from Jeremy Ford’s Stubborn Seed to the long-anticipated Ofa, a modern Brazilian concept that opened its doors two weeks ago in Sunset Harbour. Created by Felipe Ortiz, Carmen Rodriguez and Lucas Scudeler, Ofa is comprised of 2,200 square feet of prime indoor-outdoor space with brightly colored décor and a menu rooted in an array of famous South American dishes, including fresh and colorful ingredients into many of its items. The restaurant’s specialty dishes include, for example, picadinho, where mignon cubes are flavored in a meat sauce…
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Congress Extends Deadline On EB-5 Visa Program

10 06, 2017
By: Ismael Rodriguez The U.S. Congress has extended the EB-5 Visa program, a federal investor program that has help fund South Florida business projects over the past decade by exchanging U.S. visas and green cards for foreign dollars, until December 8, 2017. The EB-5 visa program, which has poured an estimated $18 billion in overseas cash into U.S. business development since 2008, was supposed to expire on Sept. 30, but Congress and President Donald J. Trump have once again extended the deadline without any additional changes. In South Florida, the extension of this immigration investment program can, significantly, help ongoing…
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Art Basel Extends Fair for 5 More Years in Miami Beach

10 06, 2017
By: Ismael Rodriguez The organization behind Art Basel has agreed to extend its iconic art fair in Miami Beach for five more years after the city complied with the fair’s request to pay for a $2.8 million elevator and escalator in the Miami Beach Convention Center. The deal also strengthened the fair’s longevity in Miami Beach by striking a longer commitment than the year-to-year agreements it has signed with the city in the past, adding five years to the lease with a possibility for another extension from 2024 to 2028. In April, city commissioners voted in favor of adding a…
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Santa Maria Condo Association Votes To Revamp Health Club

09 29, 2017
By: Ismael Rodriguez The board of directors at Santa Maria Brickell, one of Miami’s iconic luxury residences, voted in favor of presenting its homeowners the $2.5 million project by BRG Studio that sets out to revamp its aged health club. Homeowners at Santa Maria will receive ballots and vote on the proposed renovations by BRG Studio, a Miami-based architectural firm, that pose a cost-effective alternative to expanding and reinvigorating the current gym space. However, the project will need a 51 percent approval rate to pass and go into the construction phases, which were tailored with the residents in mind, keeping…
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South Florida Counties Unite to Charm Amazon

09 29, 2017
By: Ismael Rodriguez Amazon.com is looking for its second headquarters, and South Florida’s three counties are uniting to submit one proposal worthy of attracting the digital conglomerate. As cities across the country set out to lure the digital giant with their proposals, The Beacon Council in Miami-Dade, the Greater Fort Lauderdale Alliance in Broward and the Business Development Board of Palm Beach County will enter the hunt for the digital giant by submit a joint bid, according to the Sun Sentinel. Broward county Commissioner Michael Udine contacted Amazon founder Jeff Bezos, emphasizing the region’s assets last week, including its “no…
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Bitcoin: Miami Real Estate’s Trending Topic

09 29, 2017
By: Ismael Rodriguez Miami real estate experts and realtors are beginning to consider the advantages of using the Bitcoin network to facilitate the transfer of large-scale transactions. In recent years, Bitcoin has gathered many opinions among its growing community and experts of the crypto currency sector, prompting debates over the fundamental purpose of Bitcoin. Discussions are usually about the use of Bitcoin, whether it should operate as store value or a digital cash system capable of processing transactions with low fees. Bitcoin is currently used as both a store value and a digital cash system. And with the addition of…
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SoLeMia Lands A $101 Million Loan From Wells Fargo

09 29, 2017
By: Ismael Rodriguez Miami-based developers received a $101 loan from Wells Fargo & Company to move forward with an ongoing project to turn one of the largest remaining parcels of land in North Miami into a master-planned community. SM Multifamily, the developer of two luxury, 17-story residential towers with a total of 400 units and attached parking garage, received a $101 million HUD-insured loan from Wells Fargo to begin construction. The two towers are part of the first phase of SoLeMia Miami, the 183-acre community being developed in North Miami by Oleta Partners LLC, a joint venture between Turnberry Associates…
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“Salt Bae” Opens His First U.S. Restaurant In Miami

09 22, 2017
By: Ismael Rodriguez Nusret Gokce, the chef behind the meme sensation known simply as “Salt Bae,” is just weeks from opening a branch of his mini Turkish steakhouse chain, Nusr-et, in Miami— marking it as the location of his first-ever U.S. restaurant. Nusr-et will open this October, inhabiting the former COYA Miami space at 999 Brickell Avenue. This will become the eleventh location for the Turkish steakhouse chain, which has outposts in places like Turkey and Dubai. Gokce is also planning a New York City location later this year, but there’s no question Miami will be the first to watch…
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Epicure Market Closes For Good, But Leaves A Legacy.

09 22, 2017
By: Ismael Rodriguez In the aftermath of Hurricane Irma, Epicure Gourmet Market & Café, a South Beach institution that dates back to the 1940’s, has closed its doors for good. The market’s Twitter account posted news of the closure first, and owner Jason Starkman went on to tell the press that he would close it in light of a string of unfortunate events, from years of down sales to losing all perishables after the hurricane. Starkman told the Miami Herald that sales have gradually slumped over the past five to seven years after his family bought the market in 1998.…
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Time Out Opens Its First U.S. Food Hall in Miami Beach

09 22, 2017
By: Ismael Rodriguez Food halls in America date as far back as the eighteenth century, when Faneuil Hall was first introduced in Boston. Since then, of course, upscale food courts have spread across the United States, hunkering down in every major metropolis except Miami— but that’s all about to change. In recent years, Miami has become a target for a flood of upscale food courts washing onto the city’s primary areas and hubs— a good example of this is La Centrale at Brickell City Centre. But not all food halls are the same. Time Out, as in the renowned guidebook,…
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Foreign Acquisitions Soar to $168 billion In the U.S.

09 22, 2017
By: Ismael Rodriguez It’s no secret that investors from foreign countries populate a good chunk of commercial real estate in the U.S., and they seem attracted to South Florida, which is among the top three markets in total foreign acquisitions with $2.94 billion. Foreign buyers, within a two-year period ending on May 31, 2017, totaled $168 billion in U.S. investment sales, according to an analysis of Real Capital Analytics conducted by The Real Deal. And a combined $56.69 billion of that money was poured into New York City, Los Angeles and South Florida. The truth is that countries like China,…
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Celebrities Come Together to Gather Donations for Hurricane Relief

09 15, 2017
By: Ismael Rodriguez In a telethon dubbed “Hand in Hand,” a star-studded ensemble gathered this week to tell stories and plead for support for hurricane victims, raising $14.5 million by the time the cameras stopped filming. With performances from Stevie Wonder, who sang a heartfelt “Lean on Me,” and others like Usher and Blake Shelton, the telethon’s purpose was soulful and clear: Americans from all walks of life were being asked to help those struggling in the aftermath of a catastrophic hurricane season. Robert DeNiro, Barbara Streisand, Al Pacino, George Clooney, Jay Leno, Justin Bieber and dozens of others sat…
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Beckham Makes First Payment Toward Miami’s First MLS Team

09 15, 2017
By: Ismael Rodriguez David Beckham and his business partners made the first payment toward his $9 million purchase in Overtown, where the group plans to build a stadium for South Florida’s first Major League Soccer team. Miami Beckham United made the first $450,000 payment last week, according to the Miami Herald. Beckham and his partners now have about a year to pay most of the money for the land that Miami-Dade County agreed to sell to the former Manchester United star in June. The stadium will sit 25,000 people on the site, which also includes six private parcels his group…
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The Impact of Hurricane Irma on Miami Real Estate

09 15, 2017
By: Ismael Rodriguez Hurricane Irma viciously swept through Miami-Dade last week, lashing coastal communities and urban areas like downtown Miami and the neighboring Brickell financial district with powerful winds and currents of water that brought down two construction cranes and flooded streets. But local real estate experts believe the wrath of Irma spared the city’s urban core and coastal areas from irreversible damages. Suzanne Amaducci, a partner at commercial law firm Bilzin Sumberg, told the press that 1450 Brickell Avenue, the office building where her firm is headquartered, opened Tuesday morning and had power and air conditioning. She said, “If…
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Hurricane Irma Prompts Immediate Evacuations in Miami

09 07, 2017
By: Ismael Rodriguez South Florida has suffered over the years come hurricane season, but Irma’s devastating track has already prompted officials to plan evacuations in certain Miami-Dade areas like Miami Beach and much of the mainland coast. Hundreds of thousands of residents have been asked to leave their homes out of fears of historical coastal flooding, according to what Mayor Carlos Gimenez told the press. “This is a powerful storm which poses a serious threat to our area. We will be taking some extraordinary actions to ensure that the residents of Miami-Dade County are safe,” Gimenez told the Miami Herald.…
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Burger King Plans HQ Office in Miami-Dade

09 07, 2017
By: Ismael Rodriguez Despite having its parent company based in Canada, Burger King now plans to make Miami-Dade County a long-term option with a new headquarters building at Blue Lagoon office park. Newmark Grubb Knight Frank, a Miami-based commercial real estate agency, represented Burger King in signing the lease for a 150,000-square-foot building to be constructed on a five-acre site at 5707 Blue Lagoon Drive. In 2015, Burger King finalized an $11 billion merger with Tim Hortons and its parent company Restaurant Brands International, which continues to control its franchise from Miami since 1959. “Given rental inflation in the Miami…
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FIU Plans First University-Affiliated Hotel in South Florida

09 07, 2017
By: Ismael Rodriguez Florida International University has entertained the idea of attracting more researchers, conventions and visitors to its premises by proposing to build a $59 million hotel and conference center. The project is scheduled to break ground in March on the northwest corner of FIU’s main campus on Southwest Eighth Street, just off Florida’s Turnpike in Miami-Dade County. Its completion is expected for June 2019, with average room rates starting at $153 a night, according to the plans provided by the university. Despite the abundance of hotels in Miami, few of those are situated near the FIU campus, officials…
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Miami-Dade Gets an Outpouring of Luxury Condo Sales In July

09 01, 2017
By: Ismael Rodriguez All luxury condos priced over 1$ million in Miami-Dade leaped 51.1 percent year-over-year to end the summer, with sales rising from 45 to 68, according to the latest monthly report by the Miami Association of Realtors. Christopher Zoller, the current Miami Association of Realtors chairman, told the press that sellers of condos have become more reasonable with prices, especially in the luxury condo market. He also attributed the increasing activity among buyers to a recent run-up of the stock market and the potential for interest rates to rise. But conscious buyers with a smaller budget faced higher…
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Florida: An Ideal Place to Start a Business

09 01, 2017
By: Ismael Rodriguez The Sunshine State is often praised for its thriving tourist market, population and its place among the top five largest economies in the nation, but Florida has also quietly become a key hub for entrepreneurs looking to kick-start a successful business. Most entrepreneurs that choose to relocate or expand in Florida are often met with generous tax benefits, access to several large markets, and ease of transportation by sea, air and ground. As a result, startup density and activity has skyrocketed in Florida in recent years, ranking the state first in the nation for density and third…
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Sneak Peek Into Miami’s Thriving Industrial Market

09 01, 2017
By: Ismael Rodriguez Miami, a city revered for its multicultural, real estate and tourism markets, has become a breeding ground for industrial investments among international and national players. Its industrial real estate sector now shares recognition and success alongside renowned markets such as Los Angeles, New York, Chicago, Atlanta and Northern California. Last year, the occupancy rate reached 96 percent in Miami-Dade— reaching the highest mark in the area’s history. In fact, more than 7 million square feet of industrial space has been consumed over the past 24 months; whereas, Miami a few years ago would have considered anywhere from…
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BRG’s Newsletter Reaches 20K Subscribers

09 01, 2017
By: Ismael Rodriguez The BRG Newsletter, which sets out to capture the progressive nature of South Florida while informing our readers of its new trends, listings, development projects and evolving economic state, has reached 20,000 subscribers worldwide. Since its arrival in 2013, the newsletter has continued to steadily grow and filter its content in order to supply its readers with a second-to-none news service and informational tool that mirrors BRG’s high-end, reputable services as a whole. “The idea of the newsletter has always been to show and educate our readers on the evolution of Miami, transforming over the years to…
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Are Rooftop Decks The New Trend?

08 25, 2017
By: Ismael Rodriguez There’s a trend across South Florida that has made rooftops on high-rise buildings a prominent place for swimming pools, gyms and other facilities geared towards recreation and relaxation. In Miami Beach, for example, 1 Hotel & Homes, an 18-story condo and hotel, has an adults-only rooftop pool consuming 26,000 square feet of space. Even the developers at 444 Brickell Avenue in Miami have converted the tennis court on their rooftop into a soccer field with lighting, padded walls, locker rooms, showers, concession area, patio and lounge. Most of the premier developments scheduled for completion within the upcoming…
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Developers Aim for Off-Campus Living Near FIU

08 25, 2017
By: Ismael Rodriguez Global City Development is exclusively targeting college student by building 492 new condos across the street from Florida International University’s main campus. The Miami-based developer is partnering with Toronto’s Podium Development and Reichmann International to create a 20-floor luxury tower designed by Arquitectonica and dubbed University Bridge Residences, which will offer units ranging between $190,000 and $600,000. “These buildings are typically owned by insurance companies and real estate investment trusts,” Global City’s principal Brian Pearl told the press.  “This is a new trend. We think parents who want their kids to be in the best location near…
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The Miami River: Teeming with Development

08 25, 2017
By: Ismael Rodriguez When strolling around the Miami River, it’s hard to miss the skyline and consortium of restaurants and bars nestled underneath luxurious high-risers. Since the early 2000’s, the charming view and potential for growth have brought a drove of developers and investors to its shores. The urgency for a slice of the Miami River has paved the way for more than 7,500 residential units sitting along the river’s mouth since 2000, with a total of 9,448 units and 530 hotel rooms in the process of being completed or approved for construction, according to the Miami River Commission. The…
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Harry’s Pizzeria Comes to Meridian Avenue, Just off Lincoln Road

08 18, 2017
By: Ismael Rodriguez Michael Schwartz is growing his famous Harry’s Pizzeria franchise by buying into a new location just off Lincoln Road in Miami Beach. “We’re always looking for new opportunities to get Harry’s to more folks. Meridian Center is the kind of location you dream about,” Michael Schwartz told the press. “Lincoln Road is clearly a huge destination for our visitors, but it’s also deserving of a great neighborhood spot where locals can feel comfortable and gather around great pizza.” Harry’s Pizzeria currently has locations in hubs like the Miami Design District, Coconut Grove and at downtown Dadeland, but…
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Blackstone and Starwood Create the Biggest Single-Family Landlord

08 18, 2017
By: Ismael Rodriguez Two of the country’s most successful and grand single-family rental firms will merge, creating the country’s largest single-family home owner with 82,000 rental homes across 17 metro areas. Blackstone Group and Starwood Capital Group merged to become the largest deal to come out of the single-family industry, according to the Wall Street Journal, since private equity investment in American homes spiked up during the foreclosure crisis almost a decade ago. The new company will keep Blackstone’s publicly-traded single family division, Invitation Homes, and be deemed the nation’s largest single-family home owner, almost doubling the amount of rental…
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Solitair Brickell’s Arrival is Near, Pre-leasing Begins

08 18, 2017
By: Ismael Rodriguez Since topping-off in May, developers of the Solitair Brickell tower have launched pre-leasing with the intent to open its doors as soon as November. Zom, an Orlando-based multifamily developer, began pre-leasing units for Solitair Brickell, a 50-story, 438-unit building that sits at 86 Southwest Eighth Street, according to what Greg West, president of Zom, told the press. West also stated that residents will begin occupying the first 20 floors come November, and the remaining floors will be completed and open by February. As of right now, and because Solitair is currently under construction, Zom is offering a…
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The Berkeley Hotel in Miami Beach Reopens

08 18, 2017
By: Ismael Rodriguez The historic Berkeley Hotel in Miami Beach has reopened its doors after a few years of delays in its renovations and construction. Blue Road, a Miami-based development company, paid a sum of $43 million for renovations, construction and land purchases. The project has led the hotel’s growth from 64 rooms to 96 rooms, as well as incorporated a BLT Steak restaurant in the lobby, a rooftop garden and swimming pool deck overlooking Collins Avenue, according to a press release issued by the company. “We are delighted to open the Berkeley for our guests, and very proud to…
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Finvarb Plans to Turn Citibank Property into a 150-Room Hotel

08 18, 2017
By: Ismael Rodriguez The Finvarb Group bought the Citibank branch building in South Beach for $19.2 million, where it plans to break ground on a 150-room hotel. Finvarb bought the 1685 Washington Avenue property, which sits across from the New World Center and the Fillmore Miami Beach, after it became available on the market in January. The 7,384-square-foot property with a 30,000-square-foot corner lot will also keep Citibank, which will continue its daily operations throughout the construction process and remain a tenant within the future development, according to The Real Deal. The bank’s new lease is part of a deal…
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Biscayne Boulevard Awarded Grant for Beautification Project

08 11, 2017
By: Ismael Rodriguez The federal government awarded Miami authorities $421,829 to speed the process on a project to transform a portion of Biscayne Boulevard into active parks. The City of Miami’s Downtown Development authorities applied for and received a $421,829 federal grant late last month to boost the production speed of the Biscayne Green Lane Elimination Analysis Project, which will take over 101 parking spaces and two traffic lanes of Biscayne Boulevard and turn them into active parks. The federal funds will be transferred by The Florida department of Transportation, but an agreement between the city and Local Agency Participation…
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Beckham And Associates Near Final Approval for MLS Franchise in Miami

08 11, 2017
By: Ismael Rodriguez After ongoing hurdles with zoning, financial and legal matters that span four years, and nearly two months after receiving approval from county commissioners to buy the requisite land for a soccer stadium, David Beckham’s investment group is now closer than ever in bringing Miami its first Major League Soccer club. Miami Beckham United’s proposed team was discussed last week at an owners’ meeting in Chicago during the MLS All-Star Game, which could have led to a brief discussion of the franchise or paved the way for a vote to approve it soon. Not much was leaked from…
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Can Miami’s Traffic Chaos Have an Antidote?

08 11, 2017
By: Ismael Rodriguez A few of South Florida’s most renowned entrepreneurs are taking measures towards building mobility solutions to ease the infamous traffic-congested roads that clutter and burden our environment and economy. These mobility solutions are currently undergoing a trial-run in Colombia by three Floridian entrepreneurs Rodrigo Arboleda, co-founder of One Laptop Per Child, Dr. Maurice Ferre’, co-founder of Mako Surgical, and Salim Ismail, founding executive director of Singularity University. The three men have created a Miami-based nonprofit dubbed Fastrack Institute, which looks to launch a 16-week program to help address Miami-Dade’s transportation issues. The Knight Foundation, Miami-Dade Expressway Authority…
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Coral Gables And Its Retail Renaissance

08 11, 2017
By: Ismael Rodriguez Despite new emerging neighborhoods like Little Havana and Little Haiti booming with developments and investments, Coral Gables, one of Miami’s most established communities, is also undergoing growth in the form of large-scale projects that are both public and private ventures. The market in Coral Gables, particularly its retail landscape, has kept in par with Miami’s rapidly growing population and activity, proving that this historic neighborhood is ready for a dramatic change within the next coming months. Downtown Coral Gables holds a respectable reputation for having high-end restaurants and upscale shops, like the Shops at Merrick Park, but…
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Miami-Dade’s Booming Industrial Market

08 11, 2017
By: Ismael Rodriguez There’s a correlation that links a flourishing e-commerce market and a growing population in Miami-Dade to new construction projects and booming industrial rents, with rental rates boosting up by 35 percent since 2010, according to a newly released report by JLL. The report discovered that 7 million square feet of industrial space was consumed by Miami-Dade within the past two years. The results topped new construction and rental rates in other major markets like northern New Jersey, Seattle, Washington, and Oakland, California. “Total local consumption in general is driving the market,” JLL Florida research manager Marc Miller…
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Sea-Level Rise Increases Interest in Miami’s Inland Neighborhoods

08 03, 2017
By: Ismael Rodriguez Real estate investors are buying into the speculation that sea-level rise will draw hordes of developers to scramble for lower-cost, higher-elevation areas of inland Miami. The speculations have gathered concrete evidence from anthropologist Hugh Gladwin at Florida International University, who has documented how sea-level rise is already playing a role in real estate on Miami’s inland. Little Haiti is among the neighborhoods flushed with a new wave of real estate investors seeking a path to less occupied areas like Wynwood and downtown Miami. And like Little Haiti, other historically black neighborhoods have a geological advantage over the…
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Loan Approved for Renovations to 1100 Lincoln

08 03, 2017
By: Ismael Rodriguez Real estate investment firm closed on a $34 million loan for 1100 Lincoln Road in an attempt to compete with nearby 1111 Lincoln, which recently sold for $283. Vornado Realty Trust received a loan to renovate the four-story, 253,000-square-foot retail building with aesthetically pleasing glass storefronts and new display signs to compete with next-door neighbor 1111 Lincoln, a mixed-use garage designed by Herzog & de Meuron. Vornado will receive the loan to renovate 1100 Lincoln from French bank Credit Agricole after acquiring it in 2013 for $132 million. The property, which was built in 1999 and currently…
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Iconic Miami Marine Stadium to Receive a $40 Million Restoration

08 03, 2017
By: Ismael Rodriguez After a meeting last week with an architectural and engineering firm, city commissioners learned that a planned restoration of the iconic Miami Marine Stadium is estimated at more than $40 million, which includes a new floating stage for entertainment acts. Heisenbottle Architects, a Coral Gables-based architecture firm that specializes in historic preservation, theatre arts and higher education projects, conducted reports on the restoration of the stadium that estimated costs The city of Miami acquired Heisenbottle Architect’s architectural and engineering services in January for the long-awaited restoration of the Virginia Key waterfront venue, marking the rebirth of a…
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Leaders Plan for Growth of Miami International Airport

07 28, 2017
By: Ismael Rodriguez Miami Beach hosted the 48th annual Florida Airports Council Conference this past week, where industry leaders announced plans to grow Miami International Airport to accommodate the state’s booming passenger traffic. The decision to expand comes from statistics that show Florida has not only grown its aviation sector substantially, but it now ranks as the second busiest state in the nation for passenger traffic, according to a Federal Aviation Administration report released last month. Emilio Gonzalez, director and chief of the Miami-Dade Aviation Department, said at the event that Miami International Airport had its seventh consecutive year of…
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EB-5 Visa Program Facing Possible Extinction

07 28, 2017
By: Ismael Rodriguez The U.S. Congress considers not renewing a federal investor program that has help fund South Florida business projects over the past decade by exchanging U.S. visas and green cards for foreign dollars. The EB-5 visa program, which has poured an estimated $18 billion in overseas cash into U.S. business development since 2008, will expire on Sept. 30 unless Congress votes otherwise. In South Florida, the expiration of this immigration investment program can, significantly, hinder ongoing projects like Florida East Coast Industries’ long-awaited Brightline MiamiCentral, the mixed-use downtown Miami station for the upcoming All Aboard Florida passenger rail…
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Brightline Developer Ventures into Residential Real Estate

07 21, 2017
July 21, 2017 By: Ismael Rodriguez Brightline’s developers are not only innovating the train service industry, but they are now venturing into the rental apartment business. Florida East coast Industries, the company backing the $3 billion, 235-mile express train system that connects Orlando to Miami, will launch a new real estate brand dubbed Park-Line, which will not only focus on commercial but residential properties, too. The developer’s first order of business, strategically, is to bring three towers of rental apartments to its Brightline locations, which includes the MiamiCentral station in downtown. “Park-Line residences are designed for people on the move…
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Joint Shares Strengthen Chinese Real Estate Industry

07 21, 2017
By: Ismael Rodriguez Real estate analysts say a consolidated industry has propelled Chinese companies to spend what could become more than $27.6 billion to acquire competitors and their assets by the end of this year. Citigroup associates predict that China’s top 10 biggest developers will increase their joint share of sales from 20 percent in 2016 to 28 percent by the end of this year, according to a Bloomberg interview. “Slimmer profits on home sales and ever-climbing land prices will keep squeezing smaller developers out of the industry,” Le Jiadong, an analyst with Guangfa Securities Co. in Shanghai, told the…
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Miami-Dade Creates Subsidy Program to Lure Hollywood

07 21, 2017
By: Ismael Rodriguez Miami-Dade hopes that offering $100,000 in local subsidy will lure television shows and movies to film in the county, replacing the deal Florida lawmakers used to bait Hollywood with its $300 million incentive program that expired last year. “It helps the show runners. It helps the producers when the studio asks: Is there an incentive?” Kim Wolf, owner of Worldwide Production Services in Coral Gables, told the Miami Herald. “It’s a little nod.” The Miami-Dade County Commission voted to approve the incentive program this week, which states that studios and production companies will need to spend at…
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Inside The Ritz-Carlton Residences in Miami Beach

07 14, 2017
By: Ismael Rodriguez Miami-based Lionheart Capital released spoilers this week in the form of renderings that showcased the new east end lobby of The Ritz-Carlton Residences in Miami Beach, complete with a $500,000 staircase in the 7.5-acre luxury condo project. Prominent Italian architect Piero Lissoni was credited for the designs to the property, which will have 111 condo residences and 15 family villas. The designs also pay respects to the Seminole Tribe of Florida by adorning the private library with a life-sized canoe artifact. Other developments showcased in the renderings include pools, gardens and 36 private boat slips. All residents…
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Brightline’s Miami Station Receives $130 Million

07 14, 2017
By: Ismael Rodriguez Brightline’s developers received a $130 million loan to carry on with the retail portion of the MiamiCentral Station. The loan was processed through the EB-5 visa investment program, which congress created to stimulate the economy through job creation and capital investments by foreign investors, and granted DTS DT Retail LLC, an affiliate of Florida East Coast Industries that is building the Brightline, a mortgage loan from CanAm Florida Regional Center. The mortgage document states the loan has $130 million in principal, with an $85 million guaranty with the loan sponsor. The loan, of course, only covers the…
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One Bayfront Plaza Will Still Include Substantial Office Space

07 14, 2017
By: Ismael Rodriguez Despite an increase in residential units at One Bayfront Plaza, Florida East Coast Realty vouches that this project, which is expected to break ground in January 2019, will include a significant amount of office space. A spokesperson for Tibor Hollo, the founder of FECR, told the press that the project at 100 South Biscayne Boulevard is presumed to include about 500,000 square feet of office space, despite a surge in the number of residential units. When discussed with city planning officials, the developer received permission to increase the number of units from 1,052 to 1,350. These units…
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Iconic Lincoln Property Gets Sold Off

07 06, 2017
By: Ismael Rodriguez The architecturally iconic, open-air parking garage known for photo shoots, weddings and wine tastings at the western end of Lincoln and Alton roads in Miami Beach has been sold to German-based investment fund for $283 million. Robert S. Wennett, who bought the property for $23.5 million in 2005 and later opened it in 2010, sold 1111 Lincoln Road to Bayerische Versorgungskammer (BVK) for $283 million on Wednesday, according to the Miami Herald. The current tenants were immediately informed of the sale and asked to send their monthly rent to the new owner. Some of these tenants include…
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South Florida Banks Continue Rapid Growth

07 06, 2017
By: Ismael Rodriguez Local banks in South Florida have received improved ratings vouching for their reliability and service since the market crash in 2008. Now, nearly 70 percent of these banks have earned a high rating from Bauer Financial. The tri-county area, which is comprised of Miami-Dade, Broward and Palm Beach counties, has 48-based banks currently operating. Most of these banks, which include BankUnited, Home BancShares and Seacoast Bank, exceed regulatory guidelines and loan quality, according to the South Florida Business Journal. BankUnited, the Miami-Lakes-based bank, which reported profits of $66.2 million in the first quarter of 2017, currently sits…
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South Florida Hospitals Eyeing Expansion

07 06, 2017
By: Ismael Rodriguez South Florida’s multicultural offerings and appealing lifestyle has fueled massive population growth for decades, affecting all regional markets, which includes healthcare real estate and services, one of the most expensive niche markets in the country. In order to accommodate this influx of patients as a result of the growing population, the region’s hospitals have turned to expansion, or merging to cut costs effectively. Since the start of 2017, HCA Holdings, a Tennessee-based health care operator that manages 168 hospitals and 116 freestanding surgery centers across the U.S. and United Kingdom, has moved quickly in its attempts to…
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Mana Continues to Gobble Prime Downtown Miami Space

06 29, 2017
By: Ismael Rodriguez Moishe Mana continues to gobble space in an attempt to grow his vision of downtown Miami by recently adding a 6,000-square-foot vacant parcel of land on Flagler Street for $4 million, bringing his total spent in the area to more than $258.2 million. Mana’s East Flagler Realty LLC purchased the vacant lot for $667 per square foot, which entitles him to 70,500 square feet of land in the downtown area. “Mana is near completion on his downtown assemblage, wrapping up loose strings, readying for the next phase of development,” Mika Mattingly of Colliers International South Florida, who…
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A Road Map Into Aston Martin Residences

06 29, 2017
By: Ismael Rodriguez Since Aston Martin opened its sales center at 300 Biscayne Boulevard Way in May, the latest luxury brand to reach for a slice of South Florida’s condo market has kept busy promoting the 66-story Aston Martin Residences that will break ground in downtown Miami come fall 2017. Last week Thursday, for example, Aston Martin and property developer G&G Developments, the Miami-based real estate firm owned by Argentine supermarket tycoon German Soto and his mother Gloria, invited a select group of investors to sail in a massive yacht around the Miami River. Then on Friday, they gathered a…
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Sunny Isles Beach: A Luxury Real Estate Jewel

06 23, 2017
By: Ismael Rodriguez Dezer Development is among a long list of real estate developers that have brought an ample string of luxury skyscrapers to Sunny Isles Beach over the years, converting this tiny barrier island town into a billionaire’s playground and one of Miami-Dade’s priciest places to buy a home. Harvey Baker Graves, a private investor, founded the island in 1920 and envisioned Sunny Isles would one day match Venice in its aesthetic real estate and scenic beauty. In the six decades that followed, developers transformed the island into a quiet tourist town during the ‘50s and ‘60s, welcoming those…
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Brazilian Investors Channel Millions into Miami Real Estate

06 23, 2017
By: Ismael Rodriguez Earlier this month, One Sotheby’s in Miami sent a director of international sales to pitch a proposal that included condominium units at two high-end projects in Miami to 150 high-net-worth investors and their families in Porto Alegre, Brazil. Alan Araujo presented available units sitting in One Thousand Museum by Zaha Hadid Architects and the Louver House. He also acknowledged that most of the audience welcomed the idea of buying condos, which ranged between $3 million at Louver House to more than $20 million at One Thousand Museum, because they wanted out of Brazil. “If you see the…
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The Ritz-Carlton Introduces a Yacht Cruise Line

06 23, 2017
By: Ismael Rodriguez The Ritz-Carlton Hotel Company, expanding on its hospitality industry prowess, announced last week that a new luxury cruising yacht line is scheduled to tread water at the end of 2019. In doing so, it joins a congested field of luxury cruise lines and follows a path similar than that of Disney when it founded Disney Cruise Line some 21 years ago. Ritz-Carlton, owned by Marriott International, is planning to launch its cruise line collection, consisting of three 298-passenger yachts that’ll be based in Coconut Grove, although home ports for the ships have not yet been announced. Maritime…
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PortMiami Traffic Rises with Added Depth

06 23, 2017
By: Ismael Rodriguez PortMiami, which added 50 feet in depth to profit from a widened Panama Canal in 2016, can now accommodate up to six Post-Panamax vessels a week, translating into increased traffic for the only major logistics hub south of Virginia. As a result, incoming Asian cargo rose by 11 percent in 2016 alone, according to what Kevin Lynskey, assistant port director, told the press in April. The composition of the cargo also represents higher value. The cargo includes electronics, furniture and apparel, which are highly sought after in Florida. But the growth in cargo size and profitability is…
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Not 1 But 2 Chinatown Destinations Coming to South Florida

06 16, 2017
By: Ismael Rodriguez Since North Miami announced its plans for a Chinatown district last year, it seems that its next-door neighbor North Miami Beach will also have one. Both Chinatown proposals were inspired by Chinese investors’ hunger for South Florida real estate and commerce, as well as the two cities’ aspirations to create tourist destinations, accommodating an influx in the Asian population. Late last month, the latest version of North Miami’s Chinatown, which will run across Seventh Avenue between 119th Street and 135th Street, showcased an upgraded infrastructure and two gateways to the district, placed on the north and south…
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New World Tower To Receive a $10 Million Makeover

06 16, 2017
By: Ismael Rodriguez East End Capital plans to renovate its New World Tower office building in downtown Miami, investing $10 million on the property and renaming it 100 Biscayne in connection to the address. The renovations would be designed by Zycovich Architects, which has leased space in the office building, and they will include everything from a new lobby, new bathrooms and additional space for communal work and work conferences, to the removal of a granite exterior to expose its original marble columns. “We’re taking a Class B space and turning it into Class A,” David Peretz, managing principal of…
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$465 Million Miami River Project Receives Initial Approval

06 16, 2017
By: Ismael Rodriguez Adler Group received an initial vote of approval last week from the city of Miami on its proposed $465 million mixed-use project that in exchange will also grant the city a new administrative building and parking garage. The deal allows Adler Group to lease the city’s current administrative center on the north bank of the Miami River in order to develop the Nexus Riverside Central, a riverside project that will include a 150-room hotel, three residential towers enveloping 1,350 units and 30,000 square feet of shopping and dining space, in exchange for the construction of a new…
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Miami-Dade Reaches New Property Value Record

06 08, 2017
By: Ismael Rodriguez Miami-Dade’s tax office reported that the overall value of property has reached a new record high, estimating $272 billion, which is the highest level ever for the county in nominal terms. According to the county tax office, the total taxable value also increased by 8.2 percent over the past year, and 11.3 percent in Miami alone. Brickell City Center, which added over $1 billion in taxable value to the county rolls last year, was among the top properties in Miami-Dade. The fairly new project came from an $8 billon budget for construction, including $2.9 billion within Miami’s…
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Construction Loan Paves Way for New Alton Road Hotel

06 08, 2017
By: Ismael Rodriguez Finvarb Group acquired a $27.6 million construction loan to build a five-story, 96-room hotel on Alton Road in Miami Beach. Ronny Finvarb, principal of Finvarb Group, partnered with TotalBank, Floridian Community Bank and Apollo Bank to build the Kimpton Hotel Palomar South Beach, which will sit at 1750 Alton Road, where the Boston Market was demolished last year. The building, which will feature a central atrium, rooftop pool and a new signature restaurant overlooking Collins Canal, according to what Finvarb told the press, will be designed by Kobi Karp with Permuy Architecture, and open in late 2018.…
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Doral: The Fastest Growing City in Florida

06 08, 2017
By: Ismael Rodriguez Growing rapidly from an obscure warehouse district encased in the suburbs just northwest of Miami International Airport to the fastest growing city in Florida, Doral has become a playground for international buyers, big businesses and real estate developers alike. Florida International University’s Metropolitan Center, which analyzes U.S. Census data, reported that Doral has become the 11th fastest growing city in the country, rising by 26.1 percent—12,000 residents—from 2010 to 2016. The rapid growth in population, which now reaches about 58,000 residents, has also led to a strong demand for the construction of new homes in and around…
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Espanola Way’s Revitalized Look

06 08, 2017
By: Ismael Rodriguez Residents and retailers celebrated the completion of a $2.5 million project funded by Miami Beach to renovate Espanola Way last week. The project beautified the 1920’s historic area that sits between 14th and 15th streets from Washington to Drexel Avenue, renovating everything around a mixture of Spanish and Mediterranean-styled hotels, restaurants and small shops. These improvements to beautify the area included new trees and lighting and a design to make Espanola Way more pedestrian friendly, while preserving the European-styled architecture and influences intact. “This project’s the final culmination of 20 years of work,” Scott Robins, owner of…
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Foreign Buyers and Their Impact on Luxury Real Estate

06 08, 2017
By: Ismael Rodriguez The foreign buyer is no stranger to luxury real estate in coastal cities like Miami, for example, and their impact on this particular market is nothing short of influential. Zillow’s 2017 quarterly Home Price Expectations Survey, which recorded answers from more than 100 housing experts and economists about the impact of international buyers on the U.S. real estate market, showed that foreign buyers essentially have monopolized the high-end market because of their major impact on home values. The National Association of Realtors also released similar results, documenting that foreign U.S. homebuyers purchased a whopping $102.6 billion of…
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Generator Hostel Coming Soon to Miami

06 01, 2017
By: Ismael Rodriguez A London-based investment firm acquired the former Atlantic Princess Condominium in Miami Beach for $19.6 million, with the intent of transforming it into a Generator hostel. The building, which sits at 3120 Collins Avenue, is part of Queensgate’s $494 million purchase of a 14-site hostel franchise by Generator that includes London, Paris, Barcelona, Madrid, Venice and Miami, according to a report by IPE Real Estate. The Miami property was sold to Queensgate by London-based Patron Capital Ltd. And Atlanta-based Invesco earlier this month, according to Real Capital Analytics. Patron bought Generator in 2007, and went into business…
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Miami and Israel: A Strong Real Estate Relationship

06 01, 2017
By: Ismael Rodriguez As of November 2017, Israel’s El Al airlines will offer three weekly, nonstop flights to Tel Aviv, marking the first time since 2008 that direct flights between Miami and Israel are available. But the Israeli ties go beyond flights, considering that a large chunk of Miami’s real estate market is in their hands. An article in Israel’s Haaretz newspaper reported that about 80,000 Israelis were living in Miami in 2014, which has become a preferred destination because of its affordability and distance over destinations like New York and Los Angeles. In Miami, the Israeli population tends to…
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Miami Fashion Week: Evolving The Magic City’s Fashion Scene

06 01, 2017
By: Ismael Rodriguez Miami usually takes a backseat to fashion capitals like Milan, Paris, New York and London, but industry professionals believe the Magic City could one day be mentioned alongside these prominent names—and it starts with Miami Fashion Week. While fashion is no strange topic in Miami, the fashion week scene has slowly developed over the past two decades, but its new owners have rebranded the event this year, catapulting it as the only event in the world exclusively featuring resort and cruise collections. This year’s five-day event, which ran from May 31 to June 4, indulged its guests…
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Miami Worldcenter Receives a 45-Story Office Tower

05 25, 2017
By: Ismael Rodriguez One of the final pieces to the puzzle that is the Miami Worldcenter project has been revealed. Hines, a Houston-based investment firm with a presence in 189 cities in 20 countries, plans to build a 45-story tower with 600,000 square feet of Class A office space at 110 NE 10th St., marking the first time since 2010 that an office tower is constructed in downtown Miami. The tower, dubbed 110 10th, will occupy one of the last remaining portions of vacant land at Miami Worldcenter, the 27-acre, $2 billion mixed-use development stretching across 10 blocks in the…
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Brazilian Billionaire Plans New Condo Tower in Miami Beach

05 25, 2017
By: Ismael Rodriguez Prominent Brazilian billionaire Jose Isaac Peres’ Miami-based firm issued an application for the redevelopment of an oceanfront property in Miami Beach, citing plans to demolish the current 12-story Marlborough House Condominium for a modern, 18-story condo tower. Miami Beach Associates LLC, owned by Peres, who also owns Multiplan, one of the largest shopping mall owners in Brazil, will have to wait until June 6 for the city’s Design Review Board to consider the application. The initiative comes after Miami Beach Associates acquired all 110 units in the condo in June and July of last year from the…
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Micro-Units: Miami’s Answer to Affordable Living

05 25, 2017
By: Ismael Rodriguez Miami’s rental apartment market is evolving with the times, getting smaller to meet the needs of a new generation struggling financially. Related Group, an innovative Miami-based real estate firm, has seized the opportunity to create micro-units to supply compact, affordable apartments to young, single professionals who want to live in popular neighborhoods without the extortionate rents. These micro-units are said to sprout up in areas like Wynwood, downtown Miami and other highly desirable areas where the cost of living can be an insurmountable obstacle for young people. The first of three similar projects by Related and East…
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The Standard in Miami Beach to Receive Makeover

05 19, 2017
By: Ismael Rodriguez The Standard Hotel in Miami Beach will undergo renovations after receiving approval from the Miami Beach Design Review Board to demolish the east wing of its MiMo-style property at 40 Island Avenue. The board voted on May 2, granting Standard International, through its holding company Ferrardo Lido LLC, permission to build a three-story building that will have parking spaces for 76 cars on the ground level and hotel rooms in the upper levels. A spokesperson for Standard International told the press that the east wing, which currently houses 41 rooms and the hotel’s most popular restaurant, the…
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CocoWalk Gets New Look

05 19, 2017
By: Ismael Rodriguez The 198,000-square-foot iconic CocoWalk mall sitting at the heart of Coconut Grove, with its imitative Spanish architecture, rotunda and fountain entrance at Grand Avenue, is set to receive a long awaited makeover— and a new set of tenants. New renderings of CocoWalk as revealed by its owners, Federal Realty Investment Trust, Grass River Property and Michael Comras, add a larger open-air plaza, foliage, a mini-waterfall, trees, and a modern design intended to blend with its surroundings. Michael Comras, who is responsible for curating the restaurants, stores and boutiques in the mall, told the press that the new…
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Asian Investors Actively Eye Miami’s Real Estate Market

05 19, 2017
By: Ismael Rodriguez Miami has distinguished itself as a global getaway and hub for all eager to swim its tropical waters, experience a renown nightlife, and invest in one of the rapidly thriving financial centers in the world. And yet, despite the influx of foreign business, the city’s relationship with the Asian market has, for the most part, been limited and uneventful—until now. In past years, the regional unfamiliarity and nonexistent direct flights have kept Asian investment from growing exponentially like that of the Brazilian, Canadian, Russian and Colombian markets in Miami. However, a recent look at the numbers show…
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Proposal Wins $800 Million Bid for New Signature Bridge

05 19, 2017
By: Ismael Rodriguez The Florida Department of Transportation, after much resistance and an earful of public dispute on a controversial decision last week, did not budge in their choice of contractor, awarding the winning party $800 million for the reconstruction of Interstate 395 and its long-anticipated bridge. The joint venture team led by Archer Western and The de Moya Group edged out the Fluor-Astaldi-MCM team, a crowd-favorite among the Miami community, by half a point with its proposal to build a signature bridge dubbed “The Fountain.” As a result, former Miami commissioner Marc Sarnoff is alleging that FDOT manipulated the…
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South Florida Tops All Markets in Retail Assets

05 19, 2017
By: Ismael Rodriguez Despite the online shopping phenomena and growing demand of e-commerce suppliers like Amazon and Walmart, South Florida, particularly areas like Miami and Fort Lauderdale, stands out as the top market for retail assets. A report by Ten-X Retail Market Outlook ranked Miami, based on demand, as the top long-term “buy” market, followed by Fort Lauderdale, Houston, Austin and Tampa. “There’s a gold rush on for retail in South Florida,” Alan Esquenazi, a commercial real estate broker at Continental Real Estate Companies, told the Miami Herald. “The South Florida market is on fire. The demand from national retailers,…
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All-Cash Sales Decline in Miami’s Real Estate Market

05 12, 2017
By: Ismael Rodriguez After reaching highs in 2014, all-cash real estate deals in Miami continue to plummet through this year, and market experts attribute this decline as a sign that international and wealthy investors might be cooling on the market. The Miami Association of Realtors reported that 289 homes were paid for in cash as of February, making up 33 percent of all homes sold that month. That’s a 20 percent dive from a peaking 600 homes sold in June 2014. Market experts see the decline as an indicator of investor activity, confirming that international investment has slowed because of…
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Miami Beach Looks to Ban Casinos

05 12, 2017
By: Ismael Rodriguez The Miami Beach City Commission voted last week in favor of a new legislation that can, potentially, ban casinos throughout the city. The measure counters the Florida legislature’s proposed expansion of gambling facilities across Miami-Dade County, which has stalled because of disagreements between the House and Senate leaders. Genting, the Malaysia-based company that owns the former site of the Miami Herald on Biscayne Bay, and the owners of the Fontainebleau in Miami Beach are among the many awaiting approval in order to compete for the slots license. Alex Heckler, an attorney representing the Fontainebleau, told the press…
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Miami Worldcenter: A Lux Real Estate Giant

05 12, 2017
By: Ismael Rodriguez After receiving $285 million from Miami-Dade County, marking the second biggest condo construction loan over the past two years, the Paramount Miami Worldcenter broke ground in March and premiered late last month, showcasing what has now become America’s second-largest luxury real estate development. Daniel Kodsi, Paramount’s CEO, watched hundreds celebrate the first phase of a colossal 60-story, 542-unit skyscraper, which includes an abundance of pools, a fitness center and spa, astronomy observatory, tennis courts, soccer field and a bar. “Paramount Miami Worldcenter is going to change the skyline, but Miami Worldcenter is going to change the city…
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New Marketing Strategy to Help Sell Luxury Condos

05 05, 2017
By: Ismael Rodriguez The luxury real estate market in Miami has, over the past couple of years, accumulated a stockpile of units that continue to steadily grow, standing at 2,549 as of last year, but developers across South Florida have a new marketing strategy to hopefully engage the buyers and sell-off what has now become a 45-month supply of condos. The new marketing strategy stretches past your standard website ads and traditional print, intertwining concert-like performances from artists like Alicia Keys and Andrea Bocelli, for example, with an interactive showcase of the condos superior amenities and prices in 30-second video…
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Lincoln Road Retailers Prepare for $43 Million Makeover

05 05, 2017
By: Ismael Rodriguez Store owners on South Beach’s Lincoln Road, the most expensive street in South Florida, are preparing for a $43 million city-funded project to beautify and enhance the common areas in hopes of attracting more visitors. The city hired James Corner Field Operations, a New York-based landscaping firm, for the redevelopment in 2016, and the project is now expected to break ground in spring 2018, according to what Ivannia Van Arman, executive director of the Lincoln Road Business Improvement District, which represents 62 of the 75 properties in the area, told the press. “It’s to create a better…
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Middle Eastern Buyers Drawn to Miami’s Real Estate

05 05, 2017
By: Ismael Rodriguez In Miami, a spacious city that serves as a real estate playground for foreign buyers, an unfamiliar newcomer has worked itself up the ranks to snatch the number seven spot on a list that usually features countries such as Colombia, Canada, Brazil, Venezuela, Argentina and France. The Miami Association of Realtors recently published its January 2017 report, featuring Turkey among the top 10 foreign countries that use its website to search for Miami real estate. But most importantly, the report marked the first time a Middle Eastern country was included in the top 10, according to Farid…
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A Victory for The Shops $400 Million Expansion Project

05 05, 2017
By: Ismael Rodriguez Only a year after the Village Council squashed a plan to sell Village Hall to make way for a $400 million expansion of the Bal Harbour Shops, a new proposal has won the initial approval of the council, awarding a long-sought victory for the luxury retail shopping center. The Bal Harbour Village Council voted 4-1 in favor of a group of zoning changes and a development agreement for the multi-year expansion project at a public hearing that stretched from Tuesday night to the early hours of Wednesday morning last week. Residents, Shops representatives and executives from Saks…
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Hyatt Considers Rebuilding Miami Hotel

04 28, 2017
By: Ismael Rodriguez Hyatt Hotels Corp. and Miami officials are considering a deal to redevelop the Regency hotel in downtown and the convention complex adjacent to it, the 35-year-old James L. Knight Center. The compact deal, which is being presented next week to Miami commissioners, would lend Hyatt 12 months to design the plan for a new hotel with meeting space and a mixed-use development at 400 SE Second Ave. And if the plan were approved, Hyatt, which faces a 45-year option to renew its existing lease in six-years time, would sign off on a new and 99-year agreement with…
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An Ample Supply of Luxury Condos in Miami for Years to Come April 28, 2017

04 28, 2017
By: Ismael Rodriguez In Miami-Dade County, the ample 57-month supply of luxury condos—defined as those priced at more than $1 million— continued to steadily grow, standing at 2,549 by the end of last year, according to a new market report from EWM Realty International. The firm introduced its report at a 2017 Real Estate Market Outlook conference at the Hilton in downtown Miami, where it spoke on the luxury market in Miami-Dade and Broward counties, plus gave insight on the current economy and transportation. “We have a pretty good indication of what is going to happen in pricing down the…
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Economic Growth Expected Across Latin America in 2017

04 28, 2017
By: Ismael Rodriguez After two years of enduring economic hardships and deprivation, Latin American and Caribbean countries have seen a glimmer of economic growth in 2017 and are expected to continue climbing uphill. The U.N.’s Economic Commission for Latin America and the Caribbean estimated these nations to reach a 1.3 percent GDP growth this year, a climb from the 1.1 percent drop in 2016. And despite the relatively low commodity prices, there are signs of improvement in 2017. Regional governments across these nations understand that to capitalize on the slight growth, they have to adjust this year by making fiscal…
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New York-Based Group Acquires Industrial Properties in Miami

04 21, 2017
By: Ismael Rodriguez New York-based real estate group bought four industrial buildings in Miami-Dade County for $60.8 million as part of an $854.5 million portfolio deal, spanning across 12 states. As of April 4, Boston-based TA Realty sold its 45 properties to Brookfield Property Group, four of which are located in Miami-Dade County and worth a whopping $60.8 million. In Miami, the largest part of this deal was the $28.58 million sale of Doral’s Americas Gateway 1&2 LLC. The two buildings measure 173,871 and 85,091 square feet. They were sold for $9.6 more than the last time they were traded,…
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PortMiami Traffic Rises with Added Depth

04 21, 2017
By: Ismael Rodriguez PortMiami, which added 50 feet in depth to profit from a widened Panama Canal in 2016, can now accommodate up to six Post-Panamax vessels a week, translating into increased traffic for the only major logistics hub south of Virginia. As a result, incoming Asian cargo rose by 11 percent in 2016 alone, according to what Kevin Lynskey, assistant port director, told the press in April. The composition of the cargo also represents higher value. The cargo includes electronics, furniture and apparel, which are highly sought after in Florida. But the growth in cargo size and profitability is…
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Prices Range in South Florida’s Real Estate Market

04 21, 2017
By: Ismael Rodriguez In South Florida, based on a report reflecting sales prices in the first quarter of 2017, it appears that prices have either climbed or dropped, varying significantly between neighborhoods. The Elliman report, which was released last week by Miller Samuel Real Estate Appraisers and Consultants, exhibited that in mainland Miami-Dade the median sales price for all condos and single-family homes rose 12.5 percent over the first quarter last year. In comparison, Miami Beach’s median prices dropped by 5.8 percent over the same period of time. The numbers also differ in other sectors within the real estate market…
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Bay Harbor Islands: Sprouting with Condos

04 12, 2017
By: Ismael Rodriguez Bay Harbor Islands, a community of homes and apartments, schools, retail boutiques, restaurants and municipal facilities separated from the mainland, has seen numerous condo projects topped-off across the island in the past two years. As the matter of fact, 26 residential developments are in the planning and construction phases, redeveloping waterfront lands, dry lots and aging buildings across the town, according to the Real Deal. For Verzasca Group, its seven-story Le Jardin Residences and Pearl House project, both of which the developer expects to have delivered by this year’s third quarter, are among the properties headed for…
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Wynwood To Serve As Trading Hub

04 12, 2017
By: Ismael Rodriguez Developer Moishe Mana is moving forward with an immense trade hub set to break ground in Wynwood by mid-2018. The Mana Wynwood Americas-Asia Trade Center & International Financial Center will have more than 10 million square feet and is designed to facilitate trade between China, Asia, South America, North America and the Caribbean. Mana’s project stretches more than 40 acres in Wynwood, and it includes office space, showrooms, retail, hotels and public space, accommodating importers and exporters, logistics companies, and trade and export agencies. The Miami City Commission approved the project, dubbed Special Area Plan, in September.…
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Cidade Matarazzo Receives Additional Funds for Completion

04 12, 2017
By: Ismael Rodriguez Cidade Matarazzo, a Brazilian mixed-use development in Sao Paulo, has received more capital for its expected completion in 2019. Groupe Allard and a subsidiary of Chow Tai Fook Enterprises combined a hefty $94 million to complete the development, adding to an initial funding of $125 million for the project located in Sao Paulo’s Paulista Avenue corridor. “The new cycle that is starting in Brazil is about quality. Sao Paulo is moving from manufacturing commodity to creative industry,” Alexandre Allard, president of Groupe Allard, told the press. “The investment in Ciudade Matarazzo occurs at the right moment to…
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Jungle Island Receives Makeover Under New Owner

04 12, 2017
By: Ismael Rodriguez ESJ Capital Partners, an Aventura-based asset management firm, acquired Jungle Island, the 18-acre Watson Island attraction in Miami, last week. Bern Levine, the Parrot Jungle owner, sold the lease to the park for $60 million, allowing ESJ to begin its three-part renovation process while inheriting a $45 million park debt to the City of Miami, Miami-Dade County and the U.S. Department of Urban Development. The redevelopment of the park, which is scheduled for completion in two years, will begin with zip-line rides showcasing downtown Miami, the park and Miami Beach, according to what Arnaud Sitbon, ESJ’s president…
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Chile: A Rising Player in Miami’s Real Estate Market

04 07, 2017
By: Ismael Rodriguez Over the past few years, Chile has made noise, earning respect and drawing positive attention within Miami’s real estate market despite taking a backseat to neighbors like Brazil, Argentina and Venezuela that sit atop the list of foreign players. However, The Chile Week USA event last October, a series of events and conversations among Miami’s politicians and investors with the nation’s travel and tourism board, proved successful in strengthening investment relations, including real estate, by indulging its guests with wines, foods, culture and travel possibilities. Chile’s presence in Miami began in the early 1970’s when its economy…
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Milan Design Week: The Largest International Trade Fair

04 07, 2017
By: Ismael Rodriguez Every spring, for nearly six days, designers and buyers flock over to Milan, Italy, in droves for the premiere furniture trade fair in the world. Now in its 56th year, the Salone del Mobile is expected to welcome more than 300,000 visitors from 165 countries to what’s been dubbed ‘the largest international trade fair’ in Italy, showcasing 2,100 brands from April 4 to 9. And aside from Milan Fashion Week, the Milan Design Week becomes the busiest time for this city. “Salone del Mobile is the most important furniture fair in the world,” Marva Griffin, director of…
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Porsche Design Tower: The First of its Kind

04 07, 2017
By Ismael Rodriguez Miami is home to one of the most innovative towers scratching the naked blue sky in South Florida. The Porsche Design Tower, a 650-foot, 60-story building on the shores of Sunny Isles Beach, the first one of its kind in the U.S. by the Porsche brand, celebrated its grand opening last month with performances by Alicia Keys and a group of synchronized swimmers to entertain its guests. The tower, which sits at 18555 Collins Avenue, is the first building with a patented drive-in car elevator for its residents, most of which are car enthusiasts, dubbed the “Dezervator”…
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Terranova Brings A Food Hall to Miami Beach

04 07, 2017
By: Ismael Rodriguez Miami-based Terranova Corp. plans to add a food hall on the ground floor of the newly established Marshalls building at 723 North Lincoln Lane by summertime in 2018. The food hall, dubbed the Lincoln Eatery, will be the latest addition to a handful of food hall projects planned for Miami in the upcoming years. Terranova is leasing the food hall, a 9,600-square-foot stretch of space with room for 16 eateries, juicers and coffee shops, according to what Terranova Executive Vice President Mindy Mcllroy told the press. “The goal is to bring more unique, local, curated eateries,” Mcllroy…
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Real Estate Experts Predict South Florida’s Success with Arrival of Brightline

04 07, 2017
By: Ismael Rodriguez South Florida’s real estate experts predict the arrival of All Aboard Florida’s Brightline, the express inter-city train service that promises to link Miami to Orlando in record time, scheduled to begin this summer, has the potential to boost the economy. “This will change the way travel and development and redevelopment occur in South Florida,” Rick Gonzalez, president of REG Architects in West Palm Beach, told the press. “You can now work in downtown Miami and live in Fort Lauderdale or West Palm Beach.” Developers in the stretch of land covered by Brightline, which has been under construction…
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Aventura Mall to Open East Wing in 2017

03 31, 2017
By: Ismael Rodriguez Aventura Mall is scheduled to add a three-level expansion wing, which will include new retail stores and restaurants, contemporary art and a VIP lounge in late 2017. The new 315,000-square-foot expansion wing on the eastside of the property combines an indoor and outdoor experience for its guests, providing them with a delightful shopping and dining experience mixed with aesthetically pleasing elements, including a 93-foot tall sculpture by renowned Belgian sculptor Carsten Holler that visitors will be able to slide down. Turnberry Construction and Plaza Construction are in charge of completing the wing, adding a two-level Topshop Topman…
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Dolphins Owner Wants The Miami Open

03 31, 2017
By: Ismael Rodriguez Since the Miami Open moved to Crandon Park, Key Biscayne, in 1994, the event has brought the best tennis players in the world come March, and although this year is no different, there is talk of shifting the historic event to Miami Gardens for the 2018 campaign. Miami Dolphins owner Stephen Ross proposed building a tennis complex next to the Hard Rock Stadium and partnering with Miami Open owners in order to keep the event in Miami as opposed to losing it to another city because of an ongoing lawsuit, according to a report by the Miami…
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Mexican Conglomerate to Buy Brightline

03 31, 2017
By: Ismael Rodriguez Grupo Mexico, a mining and rail conglomerate, agreed to buy Florida East Coast Railway Holdings Corporation for $2.1 billion on Tuesday, acquiring 100 percent of the company’s shares and assuming its debt. The transaction, upon approval by regulatory authorities, will be financed with $350 million in Grupo Mexico funds and $1.75 billion in debt, according to what Grupo Mexico Transportes told the press, will back the transaction. The sale will also place All Aboard Florida, a subsidiary of Florida East Coast Industries and parent of Brightline, the express inter-city train service that promises to link Miami to…
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The Community Speaks on Little Havana's Future

03 24, 2017
By: Ismael Rodriguez Stakeholders in Little Havana, a colorful, multicultural hub with an array of Latin-inspired cafes, restaurants, venues and markets in Miami, invited over 100 locals to voice their opinions on the future and current state of their historic neighborhood. Plusurbia, along with the National Trust for Historic Preservation, Dade Heritage Trust and Live Healthy Little Havana gathered concerned residents at Miami Senior High School on March 11 to give feedback on a long-term plan for the community’s future, and its preservation of history and heritage. The residents supported the “Little Havana, ME IMPORTA” meeting by wearing name-tags and…
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Hialeah to Receive a Makeover

03 24, 2017
By: Ismael Rodriguez Elected officials for the city of Hialeah hope their approval of a new redevelopment agency for 121 acres in the eastern part of the city can help this modest, long-neglected industrial district. Hialeah Mayor Carlos Hernandez gathered council members during a luncheon hosted by the Commercial Industrial Association of South Florida last week to discuss the many ways in which they can attract mixed-use projects to enrich the city’s economy. “The goal is to create a community where millennials can afford to live, work and play,” Hernandez told the press. “In Miami-Dade, we haven’t built for the…
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Design District on Pace to Becoming the Premier Luxury Shopping Destination in Miami

03 24, 2017
By: Ismael Rodriguez By the end of 2018, the Miami Design District will conclude its transformation from a gritty shovel-scraped stretch of neighborhood space to a luxurious shopping destination, hosting everything from designer shops to hotels, restaurants, museums and art collections. The district, which runs from Biscayne Boulevard to North Miami Avenue, and from 36th Street to 42nd Street, has already attracted designer brands like Louis Vuitton, Hermes, Christian Dior, Tom Ford and Giorgio Armani, most of which have opened boutiques alongside each other, surrounding artworks as Buckminster Fuller’s Fly Eye Dome and Xavier Veilhan’s Le Corbusier. “The plan is…
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The Bath Club in Miami Beach Hits the Market

03 24, 2017
By: Ismael Rodriguez The historic Bath Club in Miami Beach, once a private members club hosting renowned celebrities and even former U.S. President Herbert Hoover, has been listed for more than $25 million last week. The Peebles Corporation, a real estate and investment company, is listing the 5-acre club that sits at 5937 Collins Avenue and includes a 15,000-square-foot clubhouse, a fitness center, a commercial kitchen, 60 cabanas, parking lot, and courtyard. “Right now, the real estate is operated as an event venue primarily, for corporate events and weddings, but the club historically has been a private members club,” Gerard…
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Miami: A Canadian's Paradise

03 24, 2017
By: Ismael Rodriguez For more than half a decade, French-Canadian tourists and investors have scattered exponentially across South Florida, blending in culturally and linguistically, while buying actively despite the fluctuating currencies and trending market shifts in the real estate market. “More than a million Canadians over 55 years old have adopted the ‘snowbird’ lifestyle,” Stephanie Hirschenson, a real estate associate at Macken Realty, wrote in the Miami-Herald. “At the same time, there are expected to be well over 4 million Canadian tourists—snowbird and non-snowbird alike—this year in Florida, including about 1.2 million Quebecois.” These Canadians are also among the most…
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Russian Investors Continue Surge in Miami's Luxury Real Estate Market

03 17, 2017
By: Ismael Rodriguez Russia tops all Latin American and international countries in searching for real estate in Miami, an enticing city to foreign investors, according to Miami Association of Realtors. For the second month in a row, the Russians have outranked and made their presence heard in Miami, increasing their interest in purchasing luxury properties in the United States by 35 percent. This group of foreign investors is part of the influx of high net-worth international buyers since Donald J. Trump, a real estate mogul, won the presidential election in November of last year. Since then, the U.S. dollar has…
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The Surf Club Receives A Makeover

03 17, 2017
By: Ismael Rodriguez The Four Seasons Hotel and Residences at the Surf Club will open its doors come March 27, indulging its guests in five-star hospitality, and culinary expertise with the launch of Le Sirenuse Miami Restaurant and Champagne Bar. Sitting at 9011 Collins Avenue, the 72-unit hotel developed by Fort Partners, also preserved the entrance to the Surf Club, a Pancoast-designed private beach club founded in 1930 by Henry Firestone Club. The new hotel is designed by Pritzker Price-winning architect Richard Meier of Richard Meier & Partners, containing an art gallery of historic events at the Surf Club’s lobby,…
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Frost Museum Finally Opens In May

03 17, 2017
By: Ismael Rodriguez The Philip and Patricia Frost Museum of Science, a 250,000-square-foot campus sitting in Miami’s Downtown Museum Park, will open its doors to the public on May 8 after a five-year wait. London-based Grimshaw Architects partnered with local firm Rodriguez and Quiroga in bringing Miami a museum comprised of a planetarium, aquarium, north wing, and the west wing, which includes space for exhibitions, a learning center, science store and café. “The technology, engineering, and sustainability features found throughout the museum rival those on a globe stage and will inspire and motivate generations to come,” said Frost Science president…
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Terra Group Donates Millions for Park Beautification March 17, 2017

03 17, 2017
By: Ismael Rodriguez The Miami Beach Design Review Board has approved plans to transform North Shore Open Space Park, the 28-acre stretch of land located between 78th Street to 87th Terrace in Miami Beach. The plan will add paved walkways, 217 more trees and more open vegetation for visibility, as well as a paved beach walk that will ease traffic for rollerblading and biking. It will also receive $6 million in funding from Terra Group president David Martin. Calvin, Giordano & Associates and WEST 8 Urban Design & Landscaping Architecture, which designed Miami Beach Soundscape Park, will redesign the park…
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The Modernization of Sunny Isles

03 14, 2017
The City of Sunny Isles has always attracted people who strive for modernization and for making the best living conditions possible for all. The beach city, which is tucked away between the Intracoastal Waterway to the west and the Atlantic Ocean to the east, was first purchased by Harvey Barker Graves in 1920 to be developed as a tourist resort. Graves named this resort Sunny Isles – The Venice of America. During the 1950's and 1960's the area saw a boom in tourists, and over 30 motels and hotels were built along Collins Avenue. At this time, two-story motels slowly…
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Edgewater Miami’s Construction Boom

03 14, 2017
Edgewater Miami is a neighborhood bound by north 17th Street to the south, and north 37th Street to the north, Florida East Coast Railway and east 1st Avenue to the west, and Biscayne Bay to the east. This primarily residential neighborhood was known for its many historic, early 20th century homes; however, in the past few years, the area has seen a construction boom of many high-rise residential towers. The recent construction boom and development has led to a rapid trend of urbanization in Edgewater, which include high-rise and mid-rise residential buildings, as well as additional retail spaces. Take a…
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The Reconstruction of Miami Beach

03 14, 2017
Miami Beach has always been a place of constructing dreams, since it was first purchased by the father and son duo, Henry and Charles Lum. The first structure built on this oceanfront haven was the Biscayne House of Refuge, which was constructed in 8176 at around present-day 72ndStreet and Collins Avenue. In March 1915, the Town of Miami Beach was chartered; and, by 1917 the town had become the City of Miami Beach. One of the main developers of Miami Beach was Carl Fisher, of Fisher Island fame. The 1920s became a time for the wealthy industrialists from the north…
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The Renaissance of Coconut Grove

03 14, 2017
Coconut Grove was first settled back in the mid-1880s by Edmund and Ann Beasley at the site of present day’s Barnacle State Park. The Grove, as locals affectionately call it, was at one point in time, the hippest spot to be in Miami. However, as the years went by Coconut Grove began to decline and shuttered storefronts began to appear. Nonetheless, the Grove was still a place loved by locals. For that reason, Coconut Grove is now experiencing a renaissance. A wave of construction, and renovation, can be seen sweeping across the neighborhood. Take a look at what’s new or…
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The Rebirth of Brickell

03 14, 2017
Brickell, which is located just south of Downtown Miami, is South Florida’s major financial district. Brickell was first settled during the mid-1800s by early pioneers. By the early 1900s, the area had become Miami’s “Millionaire’s Row,” due to the construction of lavish mansion along Brickell Avenue. The 1970s saw a new era, in which office towers, apartments, hotels began to replace the historic mansions. Today, this urban city has grown to become one of the largest financial districts in the United States. Brickell is currently experiencing a rebirth in all sectors – residential, commercial, and business ventures. The area has…
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Miami: Window To A Star-Studded Cast of Architects

03 10, 2017
By: Ismael Rodriguez It’s no secret that Miami hosts an all-star cast of prominent architects, both foreign and local, all competing to outshine the other. Leaving in their wake a city clothed with picturesque towers lined across beachfronts, museums and origami-like parking garages. From architects with celebrity status like Jacques Herzog to locally based architects like Arquitectonica, their creations are highly valued in a competitive luxury market, providing the sort of high-concept designs that draw wealthy buyers from all corners of the globe. For developer Edgardo Defortuna, the founder of Fortune International Group, acquiring a property in an area like…
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2017, A Silver Lining for The Luxury Real Estate Market in Miami

03 10, 2017
By: Ismael Rodriguez ONE Sotheby’s International Realty conducted a year-end report that marked 2017 as a buyers market in Miami, particularly because of the ample availability in luxury options, prompting sellers to reduce their prices in the $1 million to $5 million range. Anthony Graziano, senior managing director for Integra Realty Resources, linked the results to consumer hesitance through the end of a blockbuster election season and a gradual increase in their confidence. “I think a lot of people delayed purchasing decisions, waiting to see what was going to happen in the economy and the election and everything else,” Graziano…
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Chinatown Comes to Miami

03 10, 2017
By: Ismael Rodriguez Government officials in North Miami hope that introducing a 16-block Chinatown district could improve its depressed and stagnant economy, welcoming Chinese real estate investors in search of lower prices and profitability. The resolution to create this 93-acre district, which will run along Northwest Seventh Avenue between 119th Street and 135th Street, passed in February 2016, bringing a city with a 75 percent black population, mostly Haitian, a stretch of commercial properties, prompting jobs, to raise the economy in an area where roughly 22 percent of its residents earn less than $15,000 a year. Debbie Love, director of…
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Mana’s Crusade to Downtown Miami Brings Investors Alike

03 03, 2017
By: Ismael Rodriguez Since 2010, Moishe Mana has led a crusade of investors to Downtown Miami, clothing it in more than $200 million that manifest in buildings, parking lots and garages across the Flagler district. His vision for this area complements that of Tony Goldman, the now deceased owner of Goldman Properties, who envisioned a gold mine for developers and investors when he set out to develop in 2009. “I figured I could pick up the pieces from here and continue what Tony started,” Mana told the press in 2015, “We are at the beginning of everything. It takes time…
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Famous Fashion Designers List Homes for Sale

03 03, 2017
By: Ismael Rodriguez It’s no secret that renowned artists, musicians, actors and fashion designers flock Miami and invest in summer homes or permanent residences. For two of the world’s most famous fashion designers, their real estate ventures have led to their listing and selling of long-time residences. Tommy Hilfiger, who also owns the Raleigh hotel in Miami Beach, listed his Golden Beach mansion for $27.5 million last week, just a day after Calvin Klein sold his waterfront North Bay Road house for $13 million. The renovated 14,025-square-foot mansion sits at 605 Ocean Boulevard, and was built in 2007 with six…
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Yachts Miami Beach Caps Off Another Successful Year

02 24, 2017
By: Ismael Rodriguez Located in Virginia Key at the Miami Marine Stadium Park & Basin, just a few minutes from downtown Miami, this year’s Yachts Miami Beach weekend welcomed an international audience of brokers and buyers, among Americans, to spend a substantial amount of money in what’s become the Super Bowl of yachting. The show kicked off the yacht-buying season, which usually sells 75 percent of its stock between Jan. 15 and May 15, and appealed mainly to a group of foreign buyers, who did not hesitate to pullout the pocketbook and sign off on seven and eight-figure checks. “A…
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Surfside, A Family Paradise

02 24, 2017
By: Ismael Rodriguez In Surfside, hidden behind a façade of oceanfront luxury condos, including picturesque towers like Fendi Chateau and The Surf Club, are the town’s single family homes to the west of Harding Avenue. Surfside, a modest community with just fewer than 6,000 residents, appeals to many families in large part because of its design, limiting oceanfront buildings to 12 stories and only allowing single-family one and two story homes farther west, creating an uninterrupted view. Currently, 50 single-family homes are for sale in Surfside, with prices between $585,000 to $5.9 million, according to what realtor Ines Hegedus-Garcia told…
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Writing on the wall: The Residential and Commercial Future of Wynwood

02 24, 2017
By: Ismael Rodriguez Wynwood, a 50-square-block neighborhood harboring the largest collection of street art and murals in the world, continues to flourish and expand through retail, galleries, restaurants and new start-up ventures, soaring its prices for land and rented space. Between 2012 and 2016, the land prices have quintupled and lease rates doubled as a result of the neighborhood’s relentless growth and its alluring makeup of art, authenticity, culture and location—named one of “15 Great Places in America” by the American Planning Association. The neighborhood’s 2017 market report, conducted by the Commercial Industrial Association of South Florida, informed of a…
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Floridians Anticipate Brightline’s Debut

02 16, 2017
By: Ismael Rodriguez Brightline, the express inter-city train service, promises to link Miami to Orlando in record time, accumulating support, fanfare and a steamroll of confidence from Floridians. Backed by All Aboard Florida, a private company and subsidiary of Florida East Coast Industries, the project connects two of the state’s most prominent commerce and tourism locations, boosting tourism dollars and real estate development along the 235-mile spread of land. AAF hopes to reintroduce passenger rail service to Florida, where the Florida East Coast Railway, founded in 1895 by Henry Flagler and John D. Rockefeller, discontinued this service nearly five decades…
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Ricky’s South Beach Welcomes You

02 16, 2017
By: Ismael Rodriguez From the laughs of its guests, live music, craft drinks and carnival-inspired American dishes to arcade games perched along the walls, Ricky’s South Beach opened its doors into a 1980s time machine. In late 2016, Miami-based Menin Hospitality, led by cousins Keith Menin and Jared Galbut, welcomed locals and tourists alike for the grand opening of its Ricky’s South Beach location at 1222 16th St., off Alton Road in Miami Beach. This adult-only playground has a bar with as much as 150 variations of whiskey, among other cocktail choices. It also features games, live bands, stand-up comedy…
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SoBe Wine & Food Festival Returns Sizzling

02 16, 2017
The South Beach Food & Wine Festival returns for its renowned annual showcase with more than 90 events to choose from. Tickets for the Feb. 22 to 26 events go on sale midnight 0ct. 24 at SoBeFest.com, priced between $90 and $500 a ticket. The premier event is a $500-a-person dinner honoring Jose Andres, owner of The Bazaar and twice named among Time’s most influential people. The event will be hosted by food and travel personality Anthony Bourdain. Other events include the celebrity trio of Bobby Flay, Katy Lee and Alex Guarnaschelli for an American clambake at Soho Beach House,…
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City in Transformation: Miami Beach Major Developments

02 10, 2017
By: Ismael Rodriguez The City of Miami Beach, a multi-cultural, real estate playground for foreign investors and established American-based developers alike, continues to thrive since the current real estate cycle began in 2011. Since then, a horde of developers scattered across the city, proceeding with plans to build more than 2,270 new condo units in this barrier island city, according to CraneSpotters.com. As a result, Miami Beach currently ranks as the seventh most active coastal condo development market in Miami-Dade, making up nearly 5 percent of 47,000 new South Florida units announced east of Interstate 95. The Miami Beach City…
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South Florida’s Real Estate Market Stands on Solid Ground

02 10, 2017
By: Ismael Rodriguez In the past year, South Florida’s residential real estate market, holding a six-month supply of inventory, stood on solid ground—one that reflected an equally good market for buyers and sellers. The inventory levels in 2016 floated around the six-month norm for most of the year, rising only in the fall as sales slowed down to a 7.9 months’ supply of homes for sale, according to statistics reported by MarketQuest on Jan. 3, 2017. Real estate professionals said the slow pace favored the buyers since anything less than a six-month supply is a sellers’ territory, while anything above…
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Beckham Plans to Bring Miami its First Pro Soccer Club

02 10, 2017
By: Ismael Rodriguez Miami Beckham United needs 3 acres owned by Miami-Dade County in order to bring Miami its first Major League Soccer club. Beckham bought 6 privately owned acres for $19 million in January as part of his plan to build a $150 million, 25,000-seat stadium in Miami’s Overtown neighborhood. MLS President and Deputy Commissioner Mark Abbott held a conference last week, where he spoke about the league’s plan for expansion, bringing two new teams this season to Atlanta and Minnesota. He also expected a team in Los Angeles by 2018 and one in Miami by 2019. His statements…
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How Could the Impact of Import Taxes Affect South Florida’s Luxury Industry?

02 03, 2017
By Ismael Rodriguez President Donald J. Trump’s proposed import tariffs on Mexico may lead to implementations of taxes for all other countries. The 20 percent import tax can stunt a growing luxury industry in South Florida, in particular Miami, a consumerist mecca where foreign, luxury shoppers have flooded since the market crash in 2008, planning their purchases around the best global shopping—from exotic cars to designer apparel. “The 20 percent tax would result in a low single digit increase in the cost of most luxury goods products to the luxury shopper,” Marie Driscoll, CEO and chief consultant of Driscoll Advisors,…
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Report: 74 Percent of Units Have Sold At Muse Residences

02 03, 2017
By Ismael Rodriguez Developers of the Muse Residences in Sunny Isles have topped off and sold 74 percent of its units, most of which are coming from investors in Brazil, Colombia, Mexico, Venezuela and Europe. Property Markets Group principal Ryan Shear estimated the 68-unit, 49-story tower at 17141 Collins Avenue, which is set to open in a year’s time, to sellout at $350 million, while appealing mostly to seasonal residents. Shear said construction workers would continue to install glass, drywall and stone in the building now that it is topped off. “They’re also installing the guide rails and guts of…
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Construction Spending In South Florida Rises

02 03, 2017
By Ismael Rodriguez Construction in South Florida topped off 2016 by spending $10.6 billion, a slight 3 percent increase from the previous year. The latest report from Dodge Data and Analytics showed the region surpassed the previous year, despite less spending in the commercial sector and a stagnant month of December. During the last month of the year, new construction projects dropped by 39 percent compared to December 2015, from $1.5 billion to $917.7 million. This affected nonresidential construction, which plummeted by 64 percent in December, from $840.1 million in 2015 to just under $300 million. Overall, South Florida saw…
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Former Miami Herald Site: Genting Seeks Approval for Resort

02 03, 2017
By Ismael Rodriguez Malaysian conglomerate Genting Group filed a new application with the Federal Aviation Administration on Monday, seeking re-approval for three new skyscrapers on the bayfront property once owned by the Miami Herald. Genting’s proposed waterfront Resorts World Miami property was granted FAA approval for the construction of three 649-foot towers in 2013, which expired on Jan. 10, according to federal records. In October, they also revealed plans for 50-slip mega-yacht harbor behind the land. The company paid $236 million for the site in 2011, and the land has sat vacant since the destruction of the Miami Herald building…
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Trump’s Impact On The South Florida Real Estate Market

01 27, 2017
By Ismael Rodriguez Trump’s presidency will not only affect the U.S. economy as a whole, but also bring much needed growth to a real estate market in South Florida that suffered a slowdown in 2016. According to a survey of top industry professionals released by law firm Berger Singerman, 28 percent of the real estate community attributed their optimism to the presidential elections, while the overall 53 percent credited the new construction of condo projects and under-valued neighborhoods in Little Havana, Little Haiti and Miami River. One major commercial deal following the presidential election, and a preview of what to…
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Top List of Countries Investing in Florida's Real Estate Market

01 27, 2017
By Ismael Rodriguez Investors from Venezuela, Argentina, Brazil, Colombia and Canada accounted for 64 percent of foreign sales in South Florida last year, according to the Miami Association of Realtors. Their purchases came mostly from Miami-Dade, Broward, Palm Beach and Marin counties, while totaling $6.2 billion on residential properties alone. This propelled South Florida into a year-over-year increase in international purchases of residential properties, a $100 million difference from 2015. More than half of Florida’s foreign deals in 2016 came from purchases made in South Florida. Venezuelan investors topped the list by spending $868 million of the $6.2 billion, while…
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Citibank Branch Hits the Market in South Beach

01 27, 2017
By Ismael Rodriguez Citibank hired CBRE, a Miami-based real estate agency, to market its branch building on Washington Avenue and 17th Street in Miami Beach, an area that could raise the property’s worth to around $20 million. CBRE is expected to find developers willing to sell or lease back retail space to the bank in order for a future redevelopment to take place, according to Paul Weimer, vice president of CBRE Hotels. The bank desires to purchase or lease back 4,000 square feet on the ground floor of any future creation on the land. The property currently sits on a…
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United Technology set to open $115 million facility in Palm Beach Gardens

01 20, 2017
By Ismael Rodriguez United Technologies, a multinational conglomerate that specializes in the manufacturing of high-end technology and ranks among the world’s most respected and innovative companies, invested $115 million into a new facility set to open this year in Florida, promising to employ at least 450 employees while bringing 380 new jobs to the region, most of which have already been filled. The 224,000-square-foot Center for Intelligent Buildings is being built on the south side of Donald Ross Road in Palm Beach Gardens after being wooed by a $7.6 million incentive package that Florida, Palm Beach County and Palm Beach…
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American Dream Miami’s mega-mall: A new luxury destination

01 20, 2017
By Ismael Rodriguez The American Dream Miami mega-mall is expected to become the ultimate location for global retail brands looking to debut their work. The mall expects to feature exclusive, luxury brands from around the globe, catering to fashion savvy and highly targeted consumers in a coveted demographic. The project is intended to be a larger version of Minnesota’s Mall of America, consisting of an indoor ski slope, submarine rides, a domed lake, Ferris wheel, water park, retail stores and 2,000 hotel rooms in Northwest Miami-Dade. Triple Five, the Canada-based company that built Minnesota’s Mall of America, will build the retail…
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From oceanfront to riverfront, billions invested in Miami River district

01 20, 2017
Real Estate investors and international buyers now have even more options when looking for waterfront properties in Miami, thanks to billion dollar investments from global real estate development giants such as The Related Group, Swire Properties of Hong Kong, and the Chetrit Group. KAR, a global real estate investment and development firm, has invested over $150 million in Miami’s established areas and has snapped up a portfolio of various vacant lands in the last few years in emerging neighborhoods such as the city’s riverfront. The Miami riverfront is stated as the “last remaining stretch of undeveloped waterfront property in a…
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Japanese, Chinese investment possibilities arise with Trump election

12 16, 2016
International investments from Asia could help to boost an already strong U.S. economy with President-elect Donald Trump’s announcement that Japanese telecom and internet conglomerate Softbank, who owns 80 percent of telecom company Sprint, could potentially invest $50 billion and create over 50,000 million jobs in the U.S within the next four years. Reports indicate that although the deal is being credited to his election by Trump himself, it was already in the investment pipeline as a portion of a $100 billion dollar investment in global technology industry, destined for U.S. start ups and speculated to include the development of multiple…
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Florida’s top oceanfront architects

12 09, 2016
Ten Florida-based architecture firms earned top spots in Ocean Home 50 list of "the finest coastal architects in the United States and the Caribbean." The unique and exclusive portfolio is presented as the second annual list from Ocean Home Magazine, a national luxury publication, which ranked the architects who create outstanding classic and contemporary homes in some of the world's most spectacular oceanfront locations. Florida, New York and California had the most number of architecture firms and are also the top real estate markets in the country. The firms were awarded based on the scope of their waterfront designs in…
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Porsche Design Tower Nears Completion

12 09, 2016
Closings at Porsche Design Tower, the 60-story Sunny Isles beach luxury high-rise are underway as the project received its temporary certificate of occupancy this month after three years of construction.  Although common area additions are still a month or two away from completion, residences are being release to their owners. Pre-sold units at the luxury development have totaled over $760 million to date, a total of 126 of the 132 condos in the project. According to reports of the six remaining units, two are penthouses boasting list price in upwards of $32.5 million. The developer has suggested that 22 billionaires…
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Reasons Miami’s real estate market will thrive in 2017

12 09, 2016
If you pay close attention to some of the top experts, brokers and developers in Miami, there’s one common outlook: Miami real estate continues to flourish despite reports of a slowdown. Most consider real estate a cyclical industry highly affected by demand and supply that follows global economic and employment cycles. In that case, Miami’s developing infrastructure, job and population growth (a 150 percent growth since 2000, driving income levels up), strong economy, year-round tourism and international investors, among many other factors, play a role in the overall success of its real estate sector. In the last few years the…
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BRG International Kicks Off Art Basel Miami Beach with a Celebration of Sami Akl

12 02, 2016
The private exhibit marked the kickoff of Miami Beach's Art Basel 2016, one of the largest international art fairs in the world. The influx of arriving international visitors, celebrities and art collectors offers luxury real estate brokers unparalleled access to the most affluent buyers participating in the event. The Wednesday evening event, hosted by BRG International, welcomed about 50 art enthusiasts. "Art Basel Miami Beach gives real estate brokers and developers a significant opportunity to interact with the art community. The annual fair attracts international attention and is the only time of the year where curators, collectors, investors and high…
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Weekend Guide to Art Basel Events

12 02, 2016
The World-famous Art Basel Miami Beach spectacle is filled with thousands of international visitors, celebs, collectors, curators and critics all flocking to the dozens of galleries, tents and showcases of installations from some of the most eclectic artist from around the globe. There are so many installations, you can’t see it all and though there are a number of guides available for interested visitors to attend, we’ve compiled a small checklist to steer you in the direction of the most talked about installations and showcases for the remainder of the week. Though many of the featured events occur on Miami…
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Open doors: Brickell City Centre set to transform downtown Miami

12 02, 2016
The first phase of the 10 acre, $1.05 billion mixed-use Brickell Citi Center development officially debuted after almost 4 years of construction. The downtown area has transformed with the development of the landmark project and is a fashion, dining, and entertainment destination that include 352 guest-rooms in EAST, Miami hotel, and two condominium towers - Reach and Rise, which has 780 premium luxury residences. The project offers business workspaces totaling 260,000 square feet, and is anchored by a 500,000-square-foot open-air luxury shopping center with an innovative thousand-foot $30 million glass-and-steel climate ribbon spanning almost three city blocks. The massive mall’s retail…
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BRG opens Art Week with “Beyond the Look”

11 18, 2016
Brazilian artist Sami Akl will introduce a one-time art exhibition titled “Beyond the look” on November 30; to be held at BRG International on Miami Beach. The event, a preview to the upcoming 15th annual Art Basel Miami Beach fair, which officially runs from December 1-4, will explore Akl's mixed media concept, which uses the synergy between paint, ink, and collage to produce a one of a kind work. The artist will discuss his concept and artistic perspectives as well as answer questions at the event. The artist’s unique ability to design and his fluency in aerodynamics are portrayed throughout…
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Miami has the most powerful economy in Florida

11 18, 2016
Miami’s gross metropolitan product (GMP) figures totaled over $318 billion of goods and services produced in the tri-county area last year, according to the U.S. Bureau of Economic Analysis’ on gross domestic product measured by metro area. This figure would have placed South Florida, which includes Miami-Dade, Palm Beach and Broward counties, in the 11th position when compared among the world’s nation. Within the major metropolitan regions of Florida; Miami, Tampa and Orlando had the highest grossing economies in the state. The state’s economy is projected to accelerate within the next four years, according to economist forecasts, and could push…
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Next stop: Miami International Airport receives more non-stop flights from around the globe

11 18, 2016
Miami International Airport is home to a total of 104 carriers – the most at any U.S. airport, and is already capable of accommodating the world’s largest jet planes as well as the influx of passengers in the tens of millions that would follow.  According to the airport, many foreign carriers are in the process of fleet revitalization and fleet expansion looking for opportunities to grow in new service points, especially if market conditions warrant launching a new route. This has led to an increase in inaugural service to Miami which has long been a popular destination for wealthy international…
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The Views and Profile of the Next U.S. President

11 10, 2016
News reports confirmed on November 8, 2016, that the President-elect of the United States is Republican Nominee, Donald J. Trump. Trump, a businessman, Real Estate developer, former beauty pageant owner, reality TV host (The Apprentice) and according to Forbes, one of the wealthiest persons in the world, will take office as the 45th president on January, 20th 2017 after receiving 276 of the 270 electoral votes required to win the White House. Trump, nicknamed “The Donald,” defeated Democratic front-runner Hillary Clinton to clinch most of the battleground states including Florida, Ohio and New Hampshire for the win; marking the first…
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BRG Releases Its Quarterly Market Report

11 10, 2016
BRG International’s newly released transaction data for the third quarter of the South Florida residential market provides analysis for Miami Beach, Sunny Isles Beach, Bay Harbour Islands, Bal Harbour, and Surfside. Average condo sales price decreased overall in the third quarter in all neighborhoods, except Surfside, with sharp rises in the days on the market throughout the Miami-Dade County. The Miami Beach condo market saw the largest rise from 27 days to 121 days on the market. As season begins, Bal Harbour condos maintained the highest price per sf at $660. South Beach follows in second place with $647 per sf…
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The James Bond of luxury condos: Aston Martin set its sights and sails on Miami

11 03, 2016
Miami has become a hotspot for new luxury condo developments from top brands such as Fendi, Armani, Missoni, Porsche, and now, British high-end sports car maker, Aston Martin, which was featured prominently in the James Bond feature film “Goldfinger.”  The Aston Martin Residences will launch on the last parcel of undeveloped land in downtown Miami on the former Epic East site at the Miami River. In the announcement of the project, Katia Bassi, managing director of Aston Martin brands, stated that Aston Martin entering into the real estate has been a priority but they wanted to do it the right…
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Here’s what you should know for this year’s Art Basel Fair in December

11 03, 2016
On December 1st Miami Beach will be transformed once again as the center stage for the world's preeminent Modern and contemporary art shows. The 15th annual art extravaganza will be noticeably larger with over 269 galleries (including an additional 21 new galleries) drawn from 29 countries fromthe North and Latin Americas, Europe, Asia and Africa continents. The event will also give rise to a number of satellite art fairs and galleries such as Pulse, Scope, Nada and many more throughout the city for the week-long event.  The event attendance at the Miami Beach Convention Center is expected to eclipse the…
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Introducing Fendi Château Residences, the newly completed condo in Surfside

10 29, 2016
Renowned Italian design house Fendi delivered its newly completed Fendi Château Residences in Surfside this September. The signature tower features 58 luxury condos with interiors meticulously curated by Fendi Casa. Matias Alem, of BRG represents one of the four exclusive residences currently on the market for sale, unit 706, priced at $9,580,000. The immaculate condo's flow-through floor plan features direct ocean views, and three bedrooms with four and a half baths totaling 4,897 Sq.Ft. of living space. The fully furnished unit which will be completed in December, offers distinctive quality finishes and fixtures including imported Greek marble floors, whirlpool tubs…
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Which Top U.S. Cities Attract the Most Billionaires?

10 21, 2016
The U.S. has the highest number of billionaires in the world. With over 540 billionaires, at a combined net worth of $2.399 trillion, the country’s vast majority of ultra-rich individuals reside in three top global cities. Florida’s uber-wealthyresidents have a combined net worth of over $141.9 billion split among 40 billionaires, making the state the 3rd most popular state for the high net worth investors coming in after California, and New York.  UBS listed New York City with the most number of billionaires at 103. According to the Forbes 400, a list of wealth in America that profiles the net worth of…
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Hotel Industry swells with billions in investments

10 21, 2016
South Florida’s commercial market is sizzling with multi-million dollar transactions, showing no signs of a slowdown. The movers and shakers in Miami’s commercial sector, especially Hotel investors, have spent a record of over $40.5 Billion on hotel purchases and project transactions last year, according to a hotel research report by STR, and that number continues to increase. Highly driven by year-round demand fueled by tourism and global events, the Miami hotel industry, has seen a record amount of investment money unloaded into the industry within the last few years that could be an indicator of more major national and foreign…
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Going Small is the New Biggest Trend: Micro-living in Miami

10 15, 2016
The studio, the efficiency and now the micro units – Apartments in major US cities are embracing a new development trend where smaller is greater, and in for the most part, cheaper. Space saving and efficient Micro-units have become a viable solution for many developers in addressing limited inventory, space to build in urban centers and high demand for rental affordability from the city’s growing population. Miami’s recent influx of young professionals, millennials and creative and hospitality workers are overwhelmingly priced-out of the luxury condo market, and even studio rentals, once the more affordable choice, have increased in price well over…
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The most expensive one-bedroom condos in the city

10 15, 2016
Miami has at least 10 one-bedroom condos priced at $2.3 million or more, said the data provided by NeighborhoodX. All of them in prime areas of Miami Beach, and Bal Harbour. The unit at the Continuum South Beach asking $3.8 million ($2,162 a foot) is at the top of the ranking, while a penthouse unit at Faena House with 862 square feet asks $2.57 million. Units range in size from 862 to 1,757 square feet. Top 10 most Expensive 1 bed condos (Click in the addresses for more information) 100 S POINTE DR Unit 1708, Miami Beach - Listed at $3,800,000 9703…
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Hurricane: Matthew spared South Florida, hits hard the North Coast

10 07, 2016
Hurricane Matthew quietly blew past Miami’s Dade County, amidst resident panic, statewide emergency warnings, city lockdown and hurricane preparedness efforts encouraged by Governor Rick Scott. The city has not encountered a hurricane in over 10 years. While the hurricane devastated parts of Island nations such as Haiti and Cuba killing hundreds in its path, Miami was spared and only experience heavy rain and wind throughout Thursday. As the storm makes its way to Northeast Florida, Miami’s routine slowly got back to normal this past Friday. Even though the city was prepared for a direct hit, as reported by government officials…
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Frieze London: 5 things you must know

10 07, 2016
The 14th edition of Frieze London is already underway, officially beginning on October 6th, 2016. For those residing or just visiting the city, this spectacular art exhibition is not to be missed. Roughly 160 leading international art galleries are represented at the fair along with the work of more than 1,000 artists, all bringing their incredible uniqueness and talent to the exhibits and booths at the event. The contemporary art fair is being held at the Regent’s Park, and includes tapestry by Grayson Perry, sculptures by Anish Kapoor, or even an ancient Cretan parade ground bronze helmet with detailed decorative…
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A record-breaking year for Wynwood

10 03, 2016
Abandoned factory warehouses were once the main attraction in Miami’s Wynwood neighborhood.  In recent years, the influx of boutique businesses and retailers, art galleries, urban street art murals and the Art Basel fair has transformed the area into a vibrant art and culture haven catering to residents and drawing celebrities, international tourists, developers and investors. The latest investment into Miami’s premier art and entertainment district includes the sale of 42,000 square feet of land, purchased for $53.5 million by The ASG Equities, which now holds the title of largest transaction in the history of the area, according to a press…
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Trump, Clinton battle for Florida could mean winner takes all

09 30, 2016
The biggest admission from voters in this year’s presidential election has been the fact that both candidates are hugely unpopular with many demographics , namely, Hispanics, blacks, women and young people whose votes are critical in winning the White House. According to election voting records, Florida voted for the winning presidential candidate 75.86 percent of the time and has had a 100% accuracy rate in the last decade. Florida is considered an absolute must win for the Presidency. In South Florida, supporters of Hillary Clinton and Donald Trump, who’ve both visited the state several times this year, are frantically campaigning…
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South American Buyers Rule Miami Real Estate Market

09 30, 2016
Miami’s real estate market has a high concentration of Latin American buyers who continue to dominate luxury property investments, taking advantage of the city’s economic stability and growth. Miami has become a more prominent destination for buyers due to its cultural and economical diversity and several North American, European and Asian nations have ranked among Miami's top foreign investors, too.  In 2015, South Florida’s top international buyers included consumers from Canada, Mexico, France, Spain, and Italy. Still, the majority of foreign buyers from South America continue to hold the title for most property investments in Miami-Dade County. A survey by…
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No place for bargain at Miami's luxury condo market

09 30, 2016
With many high-end buildings under construction and the recent cool down in the market, Miami’s scenario was perfect for sellers just a few weeks ago, with prices slithering down and less competitive between buyers; but a recent report showed that Brazilians are progressively re-entering to the Miami real estate market as one of the key players they had been in the past. In addition, recent economical world power have come to be interested in Miami’s resources and value, that includes now the presence of Chinese, Russians, Germans and other South American countries, most of them interested in Miami’s market flexibility.…
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How High End Tourism Drives Miami Real Estate Investments

09 23, 2016
International Investors have established a monopoly on Miami’s luxury residential market.  Although foreign migration to Miami is often credited to the economic instability of global markets throughout Latin America, the new Knight Frank Wealth report recognized worldwide migration patterns for the wealthy are also significant in hotspots catering to ultra high net worth investors (UHNWI’s) through seasonal events in art, sports and business. High end tourism and the seasonal stream of foreign wealth that flows to specific destinations such as Miami have been linked to major VIP events.   The Knight Frank report illustrates that Art Basel Miami Beach, the most…
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Miami Downtown: what’s new, planned, or under construction

09 23, 2016
Miami is a city in constant transformation when talking about real estate. Let’s just consider the many buildings under construction in the city right now, only in Downtown Miami there is more than 20, said a recent report released by the Miami Downtown Development Authority’s. To help you get a picture of all that is being projected, BRG International worked in the gallery bellow showcasing only the Downtown Miami market: [gallery ids="49516,49517,49518,49519,49520,49521,49522,49523,49524,49525,49526,49527,49528,49529,49530,49531,49532,49533,49534,49535"] BRG International If you're interested in any development showcased or would like us to provide you more options, please contact: ma@brgintl.com.  
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Chinese Target Miami for Billion Dollar Investments Opportunities

09 16, 2016
International investment in U.S. real estate market is expected to reach record-breaking growth in the next two years, with the Asian market, specifically; China reported to secure $218 billion in US property investments by 2020. According to The Miami Association of Realtors, Miami is predicted to be the next major real estate investment destination for Chinese buyers. On the worldwide scale, United States is indisputably one of the most popular destinations for International real estate investments, with Miami ranking as the most searched U.S. market for international homebuyers. Remaining in the top-10 U.S. markets for international real estate demand, Greater…
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Miami: why investors keep on coming?

09 16, 2016
A halt in the buying frenzy which made Miami real estate a top city for International buyers, has left many to question Miami’s status as the best place to invest and has led others to wonder if the city will recover from the cool down. Magnified by an ever-increasing supply of new condo inventory, the residential market no longer dominates the headlines with multi-million dollar cash-buyers and record breaking sales transactions. But even amidst reports of a downturn, recent analysis confirms that International and domestic investors concentrated in Latin America, Europe, Canada, Asia, (specifically China) and the Northeast US, still…
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Lincoln Road Mall Dominates Retail Rental Market on Miami Beach

09 16, 2016
Ranked the 10th most expensive retail street in the United States, Lincoln Road Mall, Miami Beach’s premier open-air shopping, entertainment and dining destination is the priciest place to rent retail space in South Florida. Undergoing revitalization and proposed expansion that could bring in a new wave of big brand storefronts and even higher prices for investors, the Lincoln Road retail submarket advances as the highest sales revenue per sq. ft. in Miami Beach, according to CBRE. The high profile strip, an historically designated Mall; is one of the first pedestrian only thoroughfares in the nation and now the most popular…
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Report: Miami real estate market by the numbers

09 02, 2016
BRG International’s newly released transaction data for the second quarter of the South Florida residential market provides analysis for Miami Beach, Sunny Isles Beach, Bay Harbor Islands, Bal Harbour, and Surfside. Average sales price increased overall in both the North and Mid Beach neighborhoods with sharp rises in the days on the market throughout the Miami-Dade County. Bal Harbour condos outperformed all markets with the average price per sf increasing to $817, up 8.8% since last year, followed by South Beach's average of $724 per square foot. Only single family homes reported mult-million dollar median sales and average sales prices for…
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BRG advances into Rio de Janeiro's Market during the Brazilian Family Business Forum

09 02, 2016
The past Wednesday August 31st, BRG sponsored the Family Business Forum (FBFE - Fórum Brasileiro da Família Empresária), the event was held in the city of Rio de Janeiro, Brazil, with the theme “The introduction of the executive in the family business”. The event, designed to cater to high net worth families, is a forum that focuses on succession strategies for large family businesses. The main speaker of the night was Marco Bologna, who’s currently President of Banco Fator, Chairman of the Board of Directors of LATAM, Member of the Board of Suzano Papel e Celulose, and Board Member of Multiplus Fidelidade. He spoke about the challenges of family business, with emphasis…
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South Florida: an insight in the Zika virus

08 18, 2016
Miami has been significantly affected by the news of a Zika outbreak this summer creating widespread local and national reports of the rising cases and spread of the virus, business closings, travel warnings and concern for effects on business as well as the real estate market. Dubbed the ground zero of locally transmitted Zika cases by the New York Times, the entire city has been placed under the microscope for one small, less than one-square mile area of Miami’s 2,400 total square miles. Wynwood, the name synonymous with Zika transmissions has the city on preparedness overdrive as planes take to…
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Construction in full swing in South Florida

08 05, 2016
There are more than 100 projects under construction in Miami-Dade County, all new developments reflecting the dynamism of a young and growing global city. BRG International has created a full list of selected developments broken down by neighborhoods: Brickell, Downtown, Miami Beach, Bal Harbour and Sunny Isles. According to the list, the neighborhood with the highest count of under-construction condos is Brickell, with more than 10 projects being build. The growth of Miami’s skyline is accompanied with an impressive list of cultural and infrastructural improvements that have been take place over the past few decades. These include the immensely popular…
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Check out the best rooftop bars in Miami

07 28, 2016
No matter where you go during the summer, there is no escape to Miami’s high temperatures. Even after the sunset, the only thing that may help you is a cold drink, and a nice breeze. Thinking about that, here is a list of the trendiest rooftop bars across Miami: [gallery ids="49403,49404,49405,49406,49407,49408,49409,49410,49411,49412"]  
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BRG Participated in Brazilian Family Business Forum

05 03, 2016
Matias Alem, CEO and Founder of Beyond Realty Group, participated last night (28) of the Brazilian Family Business Forum (FBFE - Fórum Brasileiro da Família Empresária), held in the city of Ribeirao Preto, Brazil. The forum focuses on executives and members of family businesses, successors and shareholders seeking knowledge and exchange of experience to manage more effectively the company in which they are inserted. The event took place during the Agrishow, one of the world´s largest and most comprehensive agricultural technology trade shows. The city of Ribeirao Preto, well known as the “Brazilian California”, was chosen to host the event…
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6 more reasons to love Miami

02 26, 2016
Miami is well known as the city with amazing weather 365 days of the year, the incredible lifestyle and beautiful beaches. But do you know what else this paradise has to offer that would make other cities jealous? Miami goes over the top when it comes to dining, whether is restaurants with breathtaking water views to authentic Cuban coffee, get ready to call the Magic City “home”. Waterfront Dining The perfect marriage between a good meal and a backdrop to the sea. Miami has immediate access to the Atlantic Ocean, Biscayne Bay and the Miami River, which explains why our…
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Concerns Arise For Privacy And Anonymity of Legitimate Cash Buyers In Miami Real Estate Market

01 27, 2016
The U.S. Treasury Department announced plans to disclose and track the identity of buyers completing all cash-transactions for pricey luxury residences in the Miami real estate market.  The legitimacy of wealthy buyers of Miami Beach’s priciest luxury condos and homes is questioned as reports indicate the possibility that some buyers may be purchasing property illegally, that is, through investing millions of dirty money.  It’s important to note that names of buyers will not be revealed to the public but instead is reported by title Insurance companies to the Federal authorities for investigation. The government will require insurance companies to uncover…
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A Global Gateway to World Destinations Miami Beach Offers Adventure And Exploration Year-round

01 25, 2016
A global gateway to premier destinations for international travel and tourism, Miami Beach’s “Cruise Month” has attracted thousands of visitors to the city this year as travelers take advantage of one of the most popular seasons for tourism in the city. Known as the “Cruise Capital of the World” Miami Beach is a favorite destination for real estate buyers and investors as well as travelers worldwide. In fact, many visitors end up loving this beautiful city and investing in second-homes throughout Miami after experiencing the beaches, weather, recreational activities and exclusive offerings not available in any other city in the…
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Exclusive Boutique Condos Redefining Miami Beach Luxury Real Estate

01 21, 2016
When it comes to Miami Beach luxury residences, location and size have been two of the most critical attributes that attract international investors and wealthy buyers to the latest projects. Miami Beach developers have now brought on a wave of new projects that redefine the number of stories, views and privacy afforded for luxury living. The rising popularity of small buildings, each with just a handful of units, many without neighbors, have taken the Miami Beach skyline by storm.  While in some areas, developers are forced to create more moderately sized, unique buildings (like the Art Deco area of Miami Beach)…
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Miami Real Estate Market Anticipating Surge in Brazilian Buyers January 20, 2016

01 20, 2016
  A hotbed for international real estate investors, the South Florida Real Estate market has seen unprecedented demand prompting developers to build on every last parcel available on the oceanfront and in popular areas such as Miami Beach, Bal Harbour and Sunny Isles Beach. Although Miami’s alluring beaches and luxury lifestyle continue to attract many buyers from Europe, Asia and South America, wealthy Brazilians, have set their sights and cash on South Florida Real Estate as the safest place to invest. The depressed economy in many Latin American countries, such as Brazil, has made a major impact on Miami Real…
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Miami's Exclusive Oceanfront Properties Attract Wealth Buyers Despite High Price Tags

01 14, 2016
The South Beach, Bal Harbour and Sunny Isles Beach neighborhoods are regarded as the top and most highly sought destinations for international buyers and Ultra High Net Worth Investors (UHNWI). In these areas posh oceanfront units with hefty price tags to match are often referred to as "mansions in the sky" a testament to their significance as the main attraction and a hot commodity for wealthy buyers. Exclusive tower suite offerings at the higher-end of the market have now been elevated and shifted from traditional higher floor designer condos with incredible views to magnificent one-of-a kind masterpieces designed for the…
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Two Spectacular Penthouses At Mansions At Acqualina Unveiled Amidst Heavy Demand For Oceanfront Condos

01 12, 2016
Beyond Realty Group's Matias Alem will officially host and present two of the finest luxury penthouse residences at the newly completed Mansions at Acqualina. The unveiling of units 3701 and 3702 (collectively named Mansions 37) at a cocktail affair scheduled for Wednesday, January 13th, is open to luxury brokers who will enjoy cocktails, music and the spectacular views at this one-of-a-kind condo project.  The debut of the two designer units will give rare access and an opportunity to preview the magnificent condo which features 360-Degrees of breathtaking ocean and city views. Regarded as one of the most over-the-top, ultra-luxurious residences in Sunny Isles Beach,…
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Bal Harbour Takes The Lead As South Florida's Top Market For Ultra-Luxury Real Estate

01 07, 2016
The real estate market in prestigious Bal Harbour has proven to be one of the ultimate destination for ultra high net worth investors (UHNWI). Real estate prices in Bal Harbour are comparable, and often times rival those in neighborhoods such as Star Island and Indian Creek, some of the most expensive and exclusive residences in South Florida. Bal Harbour has both very high pricing on a per-square-foot basis and above-average sizing on condo units. Projects such as The St. Regis Bal Harbour, Oceana Bal Harbour and the Ritz Carlton Bal Harbour have attracted European, Russian and Brazilian buyers who have…
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Obama Signs New Tax Modification Into Law Making Miami, NYC A Haven For Foreign Investors

01 05, 2016
Foreigners have made 16% of U.S. property purchases in 2015. A welcomed break for investors abroad interested in the safety net of the U.S. real estate market is a new law signed by President Barack Obama that would ease restrictions brought on by a 35-year-old tax on foreign investments known as FIRPTA. With the 1980 law, many foreign buyers had to structure purchases to make themselves minority investors and bypass the tax. The provision in the new law now waves the taxes imposed and enables foreign pensions to buy as much as 10 percent of a U.S. publicly traded real…
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Call Us At: 305 397 8788
605 Lincoln Road Suite 302 Miami Beach, FL 33139
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Contact Us

Call Us At: 305 397 8788

605 Lincoln Road Suite 302 Miami Beach, FL 33139

  • This field is for validation purposes and should be left unchanged.