All-cash realty deals tumble
The percentage of cash transactions in the Miami residential realty market has trickled down over the past three years. Within two years, the percentage of local cash deals dropped 10…
Transit-oriented development rolls ahead
A planned transit-oriented development that would bring new residential and commercial uses near the northern edge of the City of Miami earned initial approval from city commissioners. The Upper East…
Residential construction in slowdown
The last three months of the year are pointing to weaker construction activity, specifically within the residential realm, as fewer major projects are predicted to break ground within the next…
Commercial land in double-digit rise
Miami’s commercial real estate market has seen land values escalate 10% to 15% year-over-year. While prices are rising throughout the county, Miami’s evolving sections such as the Design District, downtown…
Commercial land values soar in Design District
As the Tory Burches of retail move in, the real estate values move up. Miami’s Design District is poised to become the Rodeo Drive of South Florida, and developers are…
Miami Design District enters new phase of development
A block-long construction site buzzes with activity between Northeast 41st and 42nd Streets at a site dubbed Paradise Plaza, where 60 more ultra-luxury, brand-name stores will open at the end…
Billionaire buyers chased waterfront estates
Brokers are marketing Miami’s ultra-luxury property – the multimillion-dollar waterfront homes sitting on acres with expansive ocean views – to the deep-pocketed hedge fund billionaires from New York. The…
Brokers assemble condos for new projects
When Miami and Miami Beach run out of available waterfront land, developers are forced to get creative, and there are a few brokers who can help them get their hands…
Condo potential downtown grows to 26,000
Miami’s potential condo pipeline grew by 738 units this past quarter compared to last, now promising to inflate the greater downtown market by 26,000 new units. Add to that another…
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