Hedge funds move cash into Miami realty
Hedge funds based elsewhere in the US and out of the country have been pooling money to load up on both commercial and residential real estate in South Florida. “A…
Brickell building boom surprised everyone
Brickell’s development business is back, and it’s booming. Whereas last decade saw empty condo towers standing tall as skeletal reminders of a recession past, 2013 saw the continued construction of…
Construction costs rise 15% in six months
One of the biggest challenges facing the real estate industry in 2014 will involve managing construction costs. Construction expenses have increased almost 15% in the past six months alone, with…
Residential prices soar 19% in year – too fast?
There are no signs of a slowdown in the real estate sector, with prices climbing almost 19% in the last year. For nearly two years now home prices have trended…
To buy land to develop, ‘ugly duckling’ prices soar
An emerging trend is forcing prices of some of the area’s most unattractive buildings to increase more than fivefold, as developers piece together parcels for large projects. As land grows…
Resident influx feeds rising condo towers
It’s going to take a lot of housing to match South Florida’s population increase, especially with Miami-Dade’s increasing popularity among both domestic and international homebuyers. With 175 new residents coming…
Miami residences move into 8-digit neighborhood
From floor-to-ceiling glass walls in “sky homes” to sweeping landscapes, butlers, panoramic views, yacht club concierges, waterfront settings, furniture that has yet to hit the market and private everything –…
Miami cracks Top 10 luxury residential markets
Miami’s in with the in-crowd, tastemakers say, debuting on Christie’s International Real Estate’s list of top 10 luxury residential markets. The real estate arm of the iconic auction house publishes…
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