SoLeMia Miami

Posted by:

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 ...

Continue Reading →

The luxury real estate game: winners and losers

Posted by:

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 ...
Continue Reading →

NYC: Construction slows down in the first half of 2017

Posted by:

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 ...

Continue Reading →

Where to invest in NYC?

Posted by:

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 ...

Continue Reading →

Looking to rent an apartment in Miami?

Posted by:

Looking to rent an apartment in Miami?

The good news for Miami apartment hunters is that rents haven’t gone up since the spring.

Since this spring the rents haven’t gone up that’s a good news for Miami apartment hunters. The bad news is Miami is one of the 10 most expensive cities in the U.S. for renters.

Zumper report says Miami Beach is one of the priciest parts of town, with the median rent for a one-bedroom reaching $2,300 in South Pointe and $2,250 in the Oceanfront area.

Continue Reading →

Miami luxury condo sales surged in July

Posted by:

Miami luxury condo sales surged in July

Latest report by Miami Association of Realtors says sales of existing luxury condos rose 51.1 percent  year-over-year in July. The chairman of the Miami Association of Realtors said that “Sellers are becoming more realistic with their prices, especially at the top of the market.”

  • Luxury single-family home sales rose 9.6 percent year-over-year in July, from 73 to 80.
  • Existing condo sales increased 2.5 percent, from 1,104 to 1,132.
  • The median sales price was flat at $225,000.
  • Total sales volume for all properties in July ...
Continue Reading →
Page 2 of 46 12345...»