Miami-Dade County’s market continued its steady pace during the second week of August, with a handful of multimillion dollar deals. At the top of the list was a unit at Beach House 8, Ugo Colombo and Valerio Morabito’s newly built boutique condo project in Mid-Beach. Unit 600, a four-bathroom unit spanning a whole floor and measuring 3,783 square feet, sold for $7.5 million to a European businessperson. The price breaks down to $1,982 per square foot.
Coming in second place ...

After weeks of sluggish luxury sales, the first week of August hit a two-year high with 43 contracts signed for residential properties priced at $4 million or more — the highest number inked in a single week since March 2014, according to Olshan Realty’s latest marketing report.
The sudden spike is largely due to a flood of sales at William Macklowe Company’s condo project at 21 East 12th Street and Related Companies’ 70 Vestry Street. Together the buildings accounted for ...

While a Tesla charging station may be the latest amenity being offered, developers are continuing to command a premium for high ceilings and windows. In fact, according to Realtor.com analysis, buyers are more than willing to fork over larger sums for units with ceilings rising 11 feet or higher.
Developers who raise the ceiling to 10 or 11 feet from a more typical 8 or 9 feet may ask an average premium of 50 percent on a square foot basis. ...

Paul Massey, currently the president of New York investment sales at Cushman & Wakefield, is making his bid for mayor official. Recently, he created a committee to raise funds and has brought on David Amsterdam, vice president of leasing at SL Green Realty, to spearhead his mayoral campaign. Amsterdam, who has worked for SL Green since 2011, is leaving the firm to dedicate his time to team Massey.
Massey, 56, co-founded Massey Knakal Real Estate Services in 1988. It grew ...