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 U.S. city in June, …
by Riccardo Ravasini 
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 York City, Los …
by Riccardo Ravasini 
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 master-planned community in North …
by Riccardo Ravasini 
New York City’s multifamily market didn’t fare quite as well in July as it did in June, but it remained markedly stronger than it was at the beginning of 2017, with Manhattan in particular having its best month of the year.
There were 39 multifamily transactions across 69 buildings throughout July for a total of just over $630 million, according to a report from Ariel Property Advisors. These numbers were lower than the ones from June, with transaction volume falling …
by Riccardo Ravasini 
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 …
by Riccardo Ravasini 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 …
by Riccardo Ravasini