Oceana Bal Harbour resale tops condo sales in Miami last week
A total of 94 condos sold for $36.6 million last week, compared to 73 units that sold for a combined $41 million the previous week. Condos last week sold for an average price of …
A total of 94 condos sold for $36.6 million last week, compared to 73 units that sold for a combined $41 million the previous week. Condos last week sold for an average price of about $390,000 or $299 per square foot.
The top deal was the $8.5 million sale of Ocean Bal Harbour unit 1701.
Miami's Biggest Week of the Year!
Luxury agents are holding open houses, setting up meetings, hosting events, and rolling out targeted social media campaigns ahead of Super Bowl LIV….
Luxury agents are holding open houses, setting up meetings, hosting events, and rolling out targeted social media campaigns ahead of Super Bowl LIV
As Super Bowl LIV ticket holders descend on Miami this week, ahead of the big game, luxury residential brokers and agents are holding open houses, setting up meetings with athletes and wealthy attendees, hosting events, and rolling out targeted social media campaigns.
Madison Marquette pays $47M for Coconut Grove office buildings
Madison Marquette, an investor, developer and operator of mixed-use real estate, paid a combined $47.4 million for the office buildings at 3250 Mary Street and…
A Washington, D.C. commercial real estate firm purchased its first properties in Miami.
Madison Marquette, an investor, developer and operator of mixed-use real estate, paid a combined $47.4 million for the office buildings at 3250 Mary Street and 3225 Aviation Avenue in Coconut Grove, property records show. The deals closed in late December.
Airbnb hosts score 34K bookings for Super Bowl LIV — more than for Art Basel
Airbnb hosts have already picked up more than 34,000 bookings for the weekend of Super Bowl LIV, Jan. 30 to Feb. 2. That tops Art Basel weekend of Dec. 5-8, when the short-term rental company racked up 26,000 bookings, according to Airbnb spokesman…
Airbnb hosts have already picked up more than 34,000 bookings for the weekend of Super Bowl LIV, Jan. 30 to Feb. 2. That tops Art Basel weekend of Dec. 5-8, when the short-term rental company racked up 26,000 bookings, according to Airbnb spokesman Samuel Randall. When Atlanta hosted the Super Bowl last year, the city experienced about 14,000 Airbnb bookings.
These were the world’s hottest luxury markets in the 2010s
Shanghai, Jakarta, New York, Vancouver and Manila all had their turn over the last decade. Most recently, the top up-and-coming market was a somewhat surprising one: Manila, which saw prime residential property values increase by 11 percent in 2018 thanks to limited supply and a booming Phillipine economy…
Where are the world’s hottest luxury residential markets? It turns out that’s a question with a very different answer every year.
Most recently, the top up-and-coming market was a somewhat surprising one: Manila, which saw prime residential property values increase by 11 percent in 2018 thanks to limited supply and a booming Phillipine economy
Integra scores $68M refi for Artsquare at Hallandale Beach
Integra Investments secured the refinancing for Artsquare at Hallandale Beach from Hunt Real Estate Capital. Artsquare is a 358-unit, Class-A project at 401 North Federal Highway that was completed in 2018. The project has six buildings and sits on a 2.7-acre parcel.
One of Hallandale Beach’s largest apartment complexes scored a $67.6 million loan.
Integra Investments secured the refinancing for Artsquare at Hallandale Beach from Hunt Real Estate Capital. Artsquare is a 358-unit, Class-A project at 401 North Federal Highway that was completed in 2018. The project has six buildings and sits on a 2.7-acre parcel.
The $2.5B plan to lure millennials into new houses
Integra Investments secured the refinancing for Artsquare at Hallandale Beach from Hunt Real Estate Capital. Artsquare is a 358-unit, Class-A project at 401 North Federal Highway that was completed in 2018. The project has six buildings and sits on a 2.7-acre parcel.
A development team has a $2.5 billion plan to lure millennials — and some Gen Xers — out of amenity-filled apartments and into thousands of new houses across the country.
Miami-based Partners Global City Development and Brazil-based Leste investment management firm want to construct 10,000 new houses and townhomes in the build-to-rent space, The Real Deal has learned.
The plan is on an aggressive timeline, with the venture aiming to build the houses in 30 communities over the next five to seven years.
Those communities will be under the Cassa Life brand, and will be geared toward renters between 25 and 44. Many of them are currently living in high-rise buildings in their cities’ downtowns, paying high rents for small spaces, said Brian Pearl, principal of Global City Development.
The target resident wants to move away from micro and co-living product, and is not looking to buy a home, either because they prefer renting or they’re priced out of the homebuying market.
At Cassa Life communities, residents would be paying the same or less in rent for double the space. “As people get married or get pets, have children … there’s a lot of life events where people need more space,” Pearl said. “The problem with urban living today is a lot of units are getting smaller and smaller.”
Exclusive art events are coming to luxury condos on the eve of Art Basel.
Luxury condo towers across Miami are prepping for Art Basel by hosting meet and greets with famed artists, including Jeff Koons, and exclusive showings.
Luxury condo towers across Miami are prepping for Art Basel by hosting meet and greets with famed artists, including Jeff Koons, and exclusive showings.
It’s all part of what buyers expect these days, organizers said.
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Guía para Art Basel 2019
Estamos a unas semanas de la feria de arte más grande de Estados Unidos. Art Basel comienza el 3 de Diciembre y aqui tenemos la guía con los mejores eventos y galerías de acuerdo a Forbes.
Estamos a unas semanas de la feria de arte más grande de Estados Unidos. Art Basel comienza el 3 de Diciembre y aqui tenemos la guía con los mejores eventos y galerías de acuerdo a Forbes.
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Miami Enjoys Both Condo, Home Sales Spikes in September
Total Miami-Dade County home sales increased 10.9% year-over-year, from 2,019 to 2,240. With consumer confidence rising, unemployment low, job creation high and increased migration to Florida, Miami real estate should enjoy steady growth.
Based on new data by the Miami Association of Realtors, Miami-Dade County single-family home sales, condo sales, median prices, dollar volume and luxury transactions all increased year-over-year in September 2019.
Miami single-family home and condo sales jumped by double digits. Single-family home sales increased 10.4% year-over-year, from 978 to 1,080. Condo sales increased 11.4% year-over-year, from 1,041 to 1,160.
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