Colombia loves Miami

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Colombia loves Miami

Colombians were crazy for Miami real estate in June, racking up the most web searches for homes of any other country.

Colombia, Brazil and Canada have been competing for the top three spots in recent months, according to the Miami Association of Realtors. Last year, Colombian and Brazilian homebuyers made the third-most international purchases in South Florida with a 10 percent share, according to the report.

International buyers looked to Los Angeles more than any other ...

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Where are the foreign investors putting their dollars to work?

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Where are the foreign investors putting their dollars to work?

Foreign buyers’ portion of U.S. investment sales in the two-year period ending May 31, 2017, totaled $168.32 billion — 15.5 percent of all deal volume, an analysis of Real Capital Analytics data by The Real Deal Magazine shows.

And while they’re not spending as much as they did a year and a half ago, investors from the 12 countries that poured the most money into commercial properties in the States invested a combined $56.69 billion in New ...

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SoLeMia Miami

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SoLeMia Miami

An ambitious, long-in-the-works project to turn one of the largest remaining parcels of undeveloped land in South Florida into a planned community just took a step closer to fruition.

Wells Fargo & Company has made a $101 million HUD-insured loan to SM Multifamily LLC, the developer of two luxury, 17-story residential towers with a total of 400 units and attached parking garage.

The towers will be part of the first phase of SoLeMia Miami, the 183-acre ...

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The luxury real estate game: winners and losers

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The luxury real estate game: winners and losers

Which business moguls and celebs made out big in the last decade and who stomached the worst losses?

  • Woody Johnson –  accepted a $77.5 million offer for his Upper East Side apartment in October 2014, he hit on a euphoric moment in the New York City real estate market.
  • Johnson & Johnson – their  apartment at 834 Fifth Avenue was one of three sales that broke the co-op price record that year.
  • Leonardo DiCaprio, comedian Mike Myers and art dealer Guy Wildenstein were ...
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NYC: Construction slows down in the first half of 2017

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Looks like there are fewer cranes on the skyline these days. That’s because there are fewer construction projects rising as The Real Deal reports.

Dodge Data & Analytic’s also reported that construction on commercial and multifamily buildings fell 27% year-over-year to $7.2 billion in the first half of 2017. That’s a 63% drop from the $19.3 billion worth of starts in the first six months of 2015.

Pricing isn’t way down, but the number of units trading is down. Several developers are ...

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Where to invest in NYC?

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Where to invest in NYC?

New York City remains a pipe dream for the vast majority of people who flock here every year to try launching acting and comedy careers, but there are some residents who can actually afford real estate.

The investment platform Sharestates analyzed numbers for New York City to determine which neighborhoods make more sense to buy in than rent. Sharestates used calculations for return on investment, after repair value, increase in demand over the past year and median sales price for its ...

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