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 A few years ago, developers touted the mid-market sector — generally defined as units priced between $2 million and $5 million — as a sweet spot. Today, this price range is beginning to experience a slowdown thanks to an oversupply of inventory coupled with pent-up demand for units priced under $1.5 million. Of note, starting in early 2015, a similar softness hit the ultra luxury sector.
According to analytics site UrbanDigs.com, there are close to 1,400 listed properties between $2 …
by Riccardo Ravasini Despite a shaky political climate and real estate market where office leasing and condo sales have taken a dip, New York developers remain bullish and are moving full steam ahead with tens of millions of square feet of new developments — including tens of thousands of residential units. According to analysis done by The Real Deal, the top 10 most active builders are constructing 26 million square feet of commercial and residential space in Manhattan alone!
Related Companies — the …
by Riccardo Ravasini 
The New York City Economic Development Corporation and the city’s Department of Parks and Recreation have issued a request for proposals, or RFP, for the creation and operation of new rides, games and other attractions in Coney Island. Specifically, the RFP includes 150,000 square feet of space on five vacant lots along the boardwalk between West 10th and 16th streets that make up Amusement District. Proposals are due mid-March, and the city is hoping the new amusements open by summer …
by Riccardo Ravasini 
Russian buyers are well known for their love of real estate and have been active in Miami for quite some time… but now they appear to be more interested than ever before. In fact, searches originating from Russia topped the list of international interest in miamire.com — the official website of the Miami Association of Realtors — in November 2016. This is striking for two reasons: Firstly, this is the first time Russia has led other countries like Brazil, Venezuela, …
by Riccardo Ravasini Good news for renters — particularly those in the market for NYC’s luxury apartments. The average rent throughout Manhattan and Brooklyn dipped in January while concessions like free rent and comped building amenity fees reached new highs. According to Douglas Elliman report, the use of concessions hit an all-time high for the fourth consecutive month, with more than 30 percent of leases including a concession now.
In Manhattan, the median rent has been on the decline for six consecutive months, …
by Riccardo Ravasini