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July 2018 Blog Posts (3)

South Florida Luxury Condo sales up, home sales rise despite low inventory...

The luxury condo market, a recent sore spot in South Florida due to over development in places like Miami Beach and the Miami mainland, saw strong sales activity and price increases.

Luxury condo inventory in Miami Beach and the barrier islands fell 20% from a year ago. It’s a positive sign that new development, which wound down in 2016 amid tough market conditions, will likely pick up again soon.

The median sales price for a luxury condo in Miami Beach soared to $3.37 million…

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Added by Lazaro Lopez on July 26, 2018 at 9:27am — No Comments

Brickell City Centre seeks 2M-square-foot expansion

Brickell City Centre has submitted an expansion to build on two additional city blocks.

The proposal would amend the Special Area Plan regulating the development, and increase the SAP area from 11.4 acres to 13.9 acres.

In total, four more towers are now planned at Brickell City Centre, including One Brickell City Centre, North Block, the Tobacco Road site, and Associated Photo property.

The plans have just been recently submitted to the city, have not yet been reviewed,…

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Added by Lazaro Lopez on July 18, 2018 at 8:35am — No Comments

Florida was the top state where outside investors purchased and sold commercial property...

Foreign Investment in U.S. Commercial Real Estate Remains Strong, China and Mexico Top Investors

Florida was the top state where outside investors purchased and sold commercial property last year; California was third

WASHINGTON — Nearly one-fifth of Realtors® practicing in commercial real estate closed a sale with an international client in 2017, and 35 percent said they have experienced an increase in the number of international clients in the past five…
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Added by Lazaro Lopez on July 7, 2018 at 8:55am — No Comments

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