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REAL ESTATE
Miami ranks no. 1 in home appreciation, while sales of million-dollar condos jump: Report
It's a good time to own some property in Miami, a new report suggests. Particularly if it's worth over $1 million. Miami ranks no. 1 in annual home price appreciation in the U.S., according to the Miami Association of Realtors, citing real estate data. Sales of condominiums worth $1 million...
Miami tops U.S. for active inventory in July
Miami topped the rest of the U.S. for active home listings in July, according to the most recent RE/MAX National Housing Report. The city saw listings jump 70.5% year over year to 37,654 from 22,086 in July 2023. It was followed by Houston, Dallas, New York and Atlanta, respectively. Miami...
Sage Intracoastal Residences: Where Quintessential Living Meets Luxury
Sage Intracoastal Residences, located in Fort Lauderdale, is a newly constructed luxury boutique condominium property beautifully situated along 200 linear feet of the city’s stunning Intracoastal Waterway. Standing 18 stories tall, the property features 44 elegantly designed residences offering unobstructed views of the Intracoastal and Atlantic Ocean while safeguarded by the Bonnet House Museum and Gardens. The residences boast lofty 10-foot ceiling heights, custom-designed Italian kitchen cabinetry by the renowned interior design firm BAMO, expansive private terraces equipped with summer kitchens, and clear glass railings for uninterrupted views. Residents will enjoy exclusive access to over 19,000 square feet of meticulously crafted private indoor and outdoor amenities, including the Sage Wellness Spa, a spacious waterfront resort-style pool with a cafe and lounge area, private luxury cabana suites, an owner’s lounge with an adjoining catering kitchen, and a children’s playroom, among other carefully curated services.
Workshop for new Graham Companies development set for Aug. 28
The Graham Companies will host a workshop on Aug. 28 at Town Hall for Lakeside, a multifamily rental community that The Graham Companies plans to build along Graham Dairy Lake. The apartments being built were originally part of the proposed senior village that after many years of hard work and...
RE/MAX Unique Realty merges with RE/MAX Advance Realty
RE/MAX Unique Realty in Miami Lakes has merged with RE/MAX Advance Realty, the firms announced on Aug. 1. It’s the seventh acquisition by RE/MAX Advance Realty. That company also has offices in Hollywood, Davie, Miramar, North Miami, South Miami, Kendall and in Monroe County, in Key Largo and Key West.
WRE News: South Florida Luxury Markets See Price Drops, Offering Buyer Deals This Fall
Miami, FL – August 22, 2024 – Luxury home buyers looking for deals this fall should keep their eyes on South Florida. Prime markets like Miami, Fort Lauderdale, and Pompano Beach are offering significant opportunities with the luxury median listing price in these cities dropping by 22% to $2.5 million. Properties staying on the market longer and page views for luxury homes have also fallen by 44%, indicating a softening market where sellers are more open to negotiation. Recently, a penthouse in the exclusive South of Fifth neighborhood of Miami Beach recently sold for 15% less than its initial contract price from two years ago, showing the potential for substantial savings in these markets. As demand decreases and sellers adjust to post-pandemic realities, there’s growing flexibility, making it an ideal time for buyers to negotiate significant discounts on high-end properties.
PMG and Greybrook Secure $178 Million In Construction Refinancing for Society Wynwood
National development firm PMG, alongside Canadian-based private equity firm Greybrook, has secured $178 million in refinancing for the 10-story Society Wynwood mixed-use project located at 176 NW 25th St in Miami’s Wynwood Arts District. Financing was arranged by Eastdil Secured and provided by funds managed by Ares Management and Monarch Alternative Capital. PMG was represented by Randy Barcelo from Stearns Weaver Miller. Society Wynwood has experienced rapid leasing velocity since welcoming first residents in March.
Berkadia Arranges Financing for Strata Wynwood in Miami Florida
Berkadia announced it has secured a loan to finance the residential portion of Strata Wynwood, a mixed-use property built in 2022 in the renowned Wynwood Arts District in Miami, Florida. Senior Managing Director Mitch Sinberg, Managing Directors Scott Wadler and Matt Robbins, Vice President of Originations Abigail Beauchamp, and Director...
Biscayne Shores Possible Site for 561 Apartments
Ben-Josef Group Holdings plans to build an apartment and commercial building in the Biscayne Shores neighborhood of Miami-Dade County. The group is early in the process, and plans could change. It’ll be located on 4.1 acres on the west side of Biscayne Boulevard, just south of Biscayne Shores and Gardens...
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