9 fun trendy spots- We’re Proud to Take Out of Towners to
So you have a friend coming in town and you’re tasked with being their 305 sherpa. Either they’ve never been to Miami and they just can’t wait “to hit up South Beach” or they have been here but haven’t seen “the real Miami.” As locals, it’s our duty to ensure Miami’s true colors shine bright so the that the city’s changing word continues to spread across the world. With all the amazing new concepts and bustling neighborhoods, the Magic City is stepping its game up and there are so many options to show off. Here are some of our go-to spots for...
read moreBeckham-led group gets investor boost for $300M Miami MLS deal
Dive Brief: An investment group featuring soccer star David Beckham has secured a billionaire investor, putting them closer to their goal of a $300 million Major League Soccer franchise and stadium in Miami, according to The Miami Herald. Investment banker Todd Boehly adds to the group’s financial stability, which is something the MLS has been looking for as it considers final approval of the franchise deal. Stadium and franchise plans have lagged since Beckham announced plans for Miami Beckham United back in 2014, causing MLS officials...
read more7 revelations MIA flying high 2017 in Miami
Miami International Airport has several plans to increase its market share. When Miami could have a direct flight to Asia and 6 other revelations from IATA’s conference in Miami Click HERE to read more.
read moreSix quick facts about the economic impact of PortMiami
PortMiami’s economic impact reaches far beyond South Florida, a recently released study shows. Port officials tapped Martin Associates, a consulting firm, to conduct an economic impact study as the port undergoes significant improvements and adds more space for cargo and cruise ships. It shows the port is a major income generator and creates more than $1 billion in state and local taxes. The study focuses on the economic impacts of PortMiami in 2016. It was measured in terms of jobs, personal income, business revenue and other economic...
read moreInvestors, Lenders More Optimistic About Real Estate
The Trump administration has boosted confidence in the nation’s commercial real estate sector, according to an Akerman survey. Over half of the 200 investors and lenders surveyed by the Miami-based law firm said they feel optimistic about the future of commercial real estate in 2017 compared with only 38 percent last year. Results are in: Confidence is high in the commercial real estate sector, according to Akerman’s eighth annual U.S. Real Estate Sector Report. Click HERE to read more.
read moreGridics, Provider Of Property Analysis Tool, Closes $1.1M Seed Funding Round
Gridics, the provider of a collaborative search tool for real estate agents and their clients, has clinched $1.1 million in a seed funding round, and has unveiled a new application designed to streamline the development planning and approval process. The Miami-based startup wants to combine disparate real estate data into software that helps users make better investment decisions “while streamlining fractured processes in the real estate world.” Its property search and analysis tool “Market Intelligence” can be...
read morePortMiami traffic with Asia rises 11%
PortMiami, which was dredged to 50 feet last year in anticipation of a widened Panama Canal, can now welcome up to six Post-Panamax vessels a week, which has translated into an uptick in the port’s cargo business side of operations. Asian service and volumes rose 11% in 2016 alone, said Assistant Port Director Kevin Lynskey. The composition of Asian cargo represents higher value and the commodities include electronics, furniture and apparel, which are typically consumed in Florida, according to a PortMiami-commissioned study released this...
read moreForget millennials: Gen X driving today’s market
CHICAGO – April 18, 2017 – Millennials often get all the attention, but members of Generation X are really the ones driving the housing market lately. Gen Xers – adults between the ages of 37 and 51 – make up the second largest share of home buyers, comprising 28 percent in 2016, according to data from the National Association of Realtors® (NAR). They’re also buying the largest, most expensive homes compared to any other generation. The median price of homes purchased by Gen X buyers is $261,000, and the median size of the homes is...
read moreDowntown Miami site for 1700-room convention center hotel expected to close in weeks, per report
The much-discussed Downtown Miami convention center hotel planned for the old Miami Arena site (700 North Miami Avenue) inches closer to life, with MDM Group reportedly under contract to acquire the property for $44.5 million with the deal expected to close by the end of March, according to The Next Miami. New plans were filed under the “Marriott Marquis Miami Worldcenter Hotel & Expo Center” towards the end of 2016, with the updated design calling for two standalone towers within the estimated $750 million project. NBWW is the architect....
read moreMiami’s 11 most expensive homes for sale, mapped
With Miami’s abundance of luxury residential developments and proximity to both the bay and ocean, it’s no revelation to see so many active homes for sale with jaw-dropping price tags. In taking a look at the pinnacle of the Miami real estate market, we now learn five homes are listed at $40 million or higher with at least another dozen exceeding the $30 million mark. As for lavish homes sold in Miami-Dade county in 2016, three changed hands for over $25 million apiece, according to Zillow. In mapping out the 11 highest priced...
read moreChange in credit reporting could affect home buyers
WASHINGTON – It could be a boon for some home buyers — their credit scores will get a surprise boost — but worrisome for mortgage lenders, landlords and others who depend on credit reports to evaluate their potential customers. In a little-known policy shift, the three national credit bureaus — Equifax, Experian and TransUnion — plan to stop collecting and reporting substantial amounts of civil judgment and tax lien information on public records affecting millions of American consumers starting July 1. Both types of information have...
read moreRising rates luring foreign investors to the US
From TRD New York: When the Federal Reserve raised interest rates in March for the second time in three months, it signaled that the nine-year stimulus campaign launched during the financial crisis was nearing an end. Overseas, however, “lower for longer” remains the reality, with low or even negative interest rates expected to continue in countries like Germany and Japan. Even amidst uncertainty created by the Trump administration’s foreign policy, with yields in their own countries low, some foreign investors are gearing up to spend more on...
read morePanorama Tower, Florida’s tallest building, tops off in Miami’s Brickell
South Florida has just reached new heights, adding to its skyline the tallest building in Florida and the tallest residential project south of Manhattan. Looking over downtown Miami’s Brickell Avenue at 85 stories, Panorama Tower includes 821 rental units served by 45,000 square feet of amenities; 208 hotel rooms by Hyatt Centric; 100,000 square feet of office space; and high-end retail outlets and restaurant space spanning about 50,000 square feet. The entire project, built by developer Tibor Hollo’s Florida East Coast Realty, is expected to...
read moreThe Hottest Restaurants in Miami Right Now, April 2017
More often than not, tipsters, readers, friends and family of Eater have one question: Where should I eat right now? And while the Eater 38 is a crucial resource covering old standbys and neighborhood essentials across the city, it’s not a chronicle of the ‘it’ places of the moment. Thus, we offer the Eater Heatmap, which will change continually to always highlight where the foodie crowds are flocking to at the moment. The qualifications for the the map is the restaurant has been around for less than 6 months and is serving...
read moreMiami has a lot to gain from the introduction of self-driving cars
Many cities are considering it, but benefits aren’t guaranteed. Click Here to read more.
read moreThe biggest hurdle to buying a house in Miami? Coming up with the down payment
A new survey of aspiring home owners around the U.S. confirms what Miami renters already know: Rents are so high, there’s not enough money left over to save up for a down payment. According to the first Zillow Housing Aspiration Report (ZHAR), a new semi-annual survey of 10,000 renters from 20 major metro markets across the country, 67.9 percent of people in the U.S. say coming up with a down payment is the main reason keeping them from buying a home. In Miami, 64.7 percent of respondents cited the same problem. Qualifying for a mortgage was...
read moreLincoln Road-area food hall slated to open fall 2018
Miami Beach-based Terranova Corp. aims to build a 9,600-square-foot food hall at the intersection of Meridian Avenue and North Lincoln Lane near the Lincoln Road mall. The Lincoln Eatery is slated to debut at 723 Lincoln Lane in Miami Beach in the same building as Marshall’s. Terranova is placing this project in what it calls the next “it” neighborhood in Miami-Dade County, the NoLi District, which would run parallel to Lincoln Road. The Lincoln Eatery is slated to debut in fall of 2018. Click Here to read...
read moreBusiness Journal expands map of downtown Miami development
This week’s real estate news. When providing visitors a tour of Miami, it’s fun for locals to point out all the construction cranes and run off all the projects under construction. But there are so many buildings sprouting out of the ground that it’s hard to keep track of them all. Now the Business Journal has you covered with our new Crane Watch feature. This interactive online map shows where new projects, both under construction and proposed, are located and provides information about the developer and the building’s features....
read more30 Luxury Home Design Trends luxury buyers now want!!
What high-end homebuyers seek, and sellers should consider Luxury buyers look for anything but cookie-cutter, while convenience, style and recreation opportunities make the top of their wish list. A ranch-style featuring a designer kitchen, blended living space and mixed-metal trimmings — such a house would embody 2017 luxury, so long as it was also decked out in smart home technology. That’s according to twin brothers Jonathan and Drew Scott, co-founders of Scott Brothers Entertainment and Scott Living. The duo and HGTV hosts — real estate...
read moreBal Harbour Shops sweetens offer to village in drive for expansion
The owner of the Bal Harbour Shops has modified its $400 million expansion plans to provide benefits for the village of Bal Harbour, including the construction of public buildings and donated land. Whitman Family Development said its proposed development agreement would provide more than $100 million in benefits to the village. In exchange, it wants approval to expand the mall by 340,387 square feet on its current footprint. The Bal Harbour Shops already totals 463,477 square feet, so this would be a major expansion. The developer would add a...
read moreNew Brightline train arrives in South Florida
The company behind Miami-to-Orlando passenger train Brightline has a new milestone under its belt, with the second of five trains arriving in South Florida this week ahead of the project’s local debut this summer. Trainset “BrightPink” embarked on its 3,000-mile journey from Siemens’ Sacramento, California facility to Brightline’s railroad operations center in West Palm Beach on Friday. As of today, about 80 percent of the rail infrastructure improvements on the corridor between West Palm Beach and Miami are complete, said All Aboard Florida,...
read moreAmerican Dream Miami Mega-Mall Plans ready in 2022
The state of Florida is moving forward with a standard 30-day review of American Dream Miami, which means plans for the mega-mall are heading to a final vote by June. A regional planning board, the South Florida Regional Planning Council, will meet again on Friday to provide its input on the 6.2 million-square-foot development planned for Northwest Miami-Dade. The board, made up of elected officials from Broward, Miami-Dade and Monroe counties, rejected a staff request on Monday to label the project “generally consistent” with local...
read moreJungle Island complete makeover and renderings
Jungle Island $60 million sale that will bring lagoon, zip lines and complete makeover New rendering of Jungle Island shows some of the new features coming to the park after a two-year renovation, including a zip line and lagoon. Take everything you remember about Jungle Island. Keep the colorful birds and that iconic spot on Watson Island. Now throw the rest away. In a new rendering released Wednesday after the park closed a $60 million deal with its new owners, Jungle Island is completely unrecognizable. The 18-acre park, formally Parrot...
read moreAmericas-Asia trade center in Miami’s Wynwood
Moishe Mana reveals plan for Americas-Asia trade center in Miami’s Wynwood Moishe Mana’s Mana Group has unveiled the centerpiece of his massive mixed-use project in Miami’s Wynwood district: a center that would facilitate commerce with Latin America and Asia. In 2016, the city approved a special area plan for Mana Wywnood, covering nearly 24 acres, with about 10 million square feet permitted at the former warehouse site. The property extends from Northwest 22nd Street to Northwest 24th Street between Interstate 95 and Northwest 2nd...
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