The week in luxury: A map of Miami-Dade’s priciest condo sales An interactive look at where the biggest deals were struck November 30, 2015 03:45PMBy Sean Stewart-Muniz While some Realtors were carving up their turkeys over the holidays last week, others were closing big-ticket condo sales in Miami-Dade County. The county’s condo market mostly took…
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HES Group opens US headquarters in Wynwood Hotel developers turned a 6,000 sf warehouse into an artsy space November 30, 2015 03:00PM A rendering of Triptych On the cusp of Miami Art Week, HES Group, the Venezuelan hotel development firm behind Aloft Miami Brickell, Aloft Coral Gables and the planned Triptych Miami, announced on Monday…
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Chinese buyers moving beyond “gateway” cities This year, they accounted for 1 in 14 homes over $1 million sold in the U.S. November 30, 2015 02:15PM A rendering of one of the floor plans for the Long Lake development in Texas (credit: Scott Hogg) From the New York website: Chinese investors have made big waves in the…
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Foreigners buy more in SoFla than anywhere in state But international sales have dropped since previous year November 30, 2015 11:16AM A shot of Miami’s skyline South Florida made up more than half of the state’s home sales to international buyers over the last 12 months, according to a new survey from the Miami Association…
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Clear skies for commercial Vacancy rates remain low across Miami-Dade office, retail and industrial space November 30, 2015 10:30AMBy Sean Stewart-Muniz Amancio Ortego, creator of the Zara retail chain, acquired an entire block on Lincoln Road for $370 million. From the October issue: Analysts are prescribing a healthy dose of optimism for commercial real estate in…
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Tech billionaire buys waterfront lot in Coral Gables for $15M Vacant lot last sold for last sold for $10M in 2012 November 30, 2015 09:45AMBy Katherine Kallergis Ashar Aziz and 8525 Old Cutler Road in Gables Estates Billionaire engineer Ashar Aziz has purchased a 3.5-acre waterfront lot in Gables Estates for $15 million, or $98…
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Newly built Palm Beach home sells for $11.6 million Don Malasky’s 301 Maddock Way, LLC, bought the two-story, six-bedroom home November 29, 2015 01:30PM The two-story home at 301 Maddock Way in Palm Beach intitially was listed for sale with a pre-construction price of $11.9 million. (Credit: Meghan McCarthy) A new Palm Beach home with…
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Shopping center redevelopment trend gains pace E-commerce and other pressures force landlords to find different uses for retail space November 29, 2015 09:00AM Denver developer John Frew demolished part of this mall in eastern Iowa to make way for offices and a hotel. Owners are re-imagining and redeveloping shopping centers under pressure from increasing electronic commerce, a spate…
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More wealthy vacationers resort to private islands Richard Branson’s Necker Islands in the British Virgin Islands rents for $78,000 a night November 28, 2015 03:00PM Kamalame Cay in the Bahamas. Private-island vacations are becoming more popular, and while many are prohibitively expensive, even vacationers on a modest budget can afford one. Jack Ezon, president of…
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