Miami Archives - Page 4 of 16 - Rava Realty

Newer apartments in Miami are bigger than national average

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Newer apartment units in the Miami metro area are averaging larger in size than those in many cities across the country, according to a new report from listing service RentCafe. The average size of newer Miami apartments is 912 square feet, nearly 3% bigger than the 2022 national average of 887 square feet. This is in contrast to the nationwide trend of shrinking apartment sizes, with newly built apartments shedding 30 square feet on average compared with 2021. ...

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Archaeological Miracles: Unearthing Miami’s 7,000 Year-Old History

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Archaeologists discovered thousands of tools, artifacts, and human and animal remains dating back 7,000 years at the Related Group’s Miami River construction site, where the development firm plans a three-tower project.

The 16-month excavation and preservation of the items could be the most archaeologically significant findings near the mouth of the river in the past 25 years. The artifacts date back to “the time of the emergence of the first cities in Mesopotamia,” thousands of years before the Roman Empire.

It’s unclear how the ...

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Investment firm bids $102M for 20 acres in Miami’s UES

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B Group Capital Management submitted a $102 million stalking horse bid for nearly 20 acres in Miami’s Upper Eastside and El Portal that are tied to a lawsuit alleging *EB-5 fraud.

The Miami-based real estate investment firm seeks to acquire the former U.S. immigration building site spanning 3.5 acres at 7880 Biscayne Boulevard, and a 15.9-acre former trailer park at 8500 Biscayne Boulevard.

Both properties are now controlled by a court-appointed receiver, following a settlement agreement ...

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What 2023 holds for Miami real estate?

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Miami shows no signs of a market crash. Here’s what experts say to expect instead.

1. The market will hold strong.

Home sales prices could take a hit if mortgage rates were to continue surging, but that doesn’t seem to be the case, forecasts Ines Hegedus-Garcia, executive VP of Avanti Way Realty.

  • “This sustained decline [in mortgage rates] will help revive homebuying and we should see a more robust market for home sales ...
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