Harlem has been undergoing a transformation but much of that has been focused westward while East Harlem’s remaking has been more anticipated than achieved. With the arrival of Second Avenue subway to the south and a brand new Whole Foods to the west, change is amiss in East Harlem.
In fact, there are already several large residential projects awaiting a green light and a 88-block rezoning that would allow for 30-story towers along Park, Lexington and Third Avenues is slated …
by Riccardo Ravasini After consecutive months in the doldrums, the Miami-Dade real estate market showed some signs of revitalization in March. According to the latest monthly report by the Miami Association of Realtors, sales for single-family homes in Miami-Dade set a new record last month, jumping to 1,276 from 1,168 (or 9.2 percent) over March 2016. This tops the previous record for March of 1,242 homes sold in 2015.
The number of townhouse and condo sales also rose 2.3 percent year-to-year to 1,327 …
by Riccardo Ravasini Jason Barr, an urban economist at Rutgers University, created an interesting index that measures the price of Manhattan land from 1866 to 2013, using data on sales of vacant land. In the four decades following the Civil War, NYC emerged as the economic capital of the U.S. And as Barr’s index reveals, rapid business and population growth boosted the price of land and spurred the construction of the city’s first skyscrapers. And between 1900 and 1930, Manhattan land prices rose …
by Riccardo Ravasini In 2016, there were 2,202 condos delivered in greater downtown Miami and based on what’s under construction for 2017, that number should rise to 3,456 delivered units — according to the Miami Downtown Development Authority. But looking ahead to 2018 and 2019, new product deliveries should fall to 2,846 and 1,960 respectively. That’s because not many projects are expected to break ground this year since many of the new condo and apartment projects currently proposed may have to wait till …
by Riccardo Ravasini 
As New York’s condo market becomes increasingly oversupplied with large, luxurious four and five bedroom units, market for townhouses has cooled off. Once a symbol of the ultimate ‘I Made It’ status, townhouses (which represent 2.5 percent of all Manhattan sales) have languished in price. The median sales price for a Manhattan townhouse fell by 5.3 percent last year to $4.97 million after several years of consecutive increases and the number of days spent on the market averaged 164 in …
by Riccardo Ravasini 
With the beaches to its east, Wynwood Arts District and the airport to the west, downtown Miami to the south and the Design District to the north, East Edgewater presents an attractive opportunity the city has seen since Miami Beach’s South of Fifth neighborhood transformed from a rundown area to now one of the most valuable destinations.
In the 1930s, East Edgewater was home to Miami’s wealthy individuals but by the 1980s, the zone had fallen into disrepair. Then came …
by Riccardo Ravasini