Miami’s version of Art Basel has helped reposition the city as a global destination for influencers, billionaires, and partygoers.  And this year’s Art Basel – which wrapped up earlier this month – was no exception, with over 70,000 attendees at the main fair generating more than $20 million in revenue. This establishment of a global art scene has not only spotlighted Miami as an international city but also boosted its luxury real estate market. While real estate prices haven’t quite ...

A Queens-based developer who bought a prime Long Island City site for $8 million three years ago flipped the property for nearly six times that amount.
Developer Steve Cheung closed earlier this month on the $46.3 million sale of the site at 29-37 41st Avenue in the Queens Plaza section of Long Island City.
The buyer is an unidentified institutional investor. The site has a buildable square footage of roughly 205,000 square feet and comes with approvals for a 30-story ...

In other news, South Floria developer Swire Properties Inc., announced this week the launch of Rise, one of two luxury condominium towers in Brickell City Centre — a new $1.5 billion dollar master-planned mixed-use urban development in the heart of Miami’s Brickell district. Reach is Brickell City Centre’s first luxury condominium tower.
Some of the high-end amenities in Rise include: a half-acre outdoor deck, a spa area with blow-out bar and nail salon, fitness center, library, poolside café service, children’s ...