Little Havana, an area bordered by the Miami River, I-95, Southwest 17th Avenue, Southwest 9th Street and Northwest 27th Avenue, is drawing increasing interest from developers — particularly the eastern section given its proximity to the Downtown and Brickell neighborhoods. This area is where many millennials who can’t quite afford to live Downtown and Brickell are settling.
While current zoning laws are hindering a building boom, developers see a light at the end of the tunnel. Juan Mullerat, founder of …
by Riccardo Ravasini 
The co-working firm will open its fourth Miami area location on December 1 at the Security Building, a historic 15-story building at 117 Northeast First Avenue. This location will have space for more than 1,200 members, 20 lounges, phone booths and event space. WeWork inked a 15-year lease for the nearly 97,000-square foot building. They already have two locations in Miami Beach and one at Brickell City Centre.
by Riccardo Ravasini 
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