ARCHIVED BLOG POSTS
2010
Sure, $2 million is a drop in the bucket for many of the buyers around Miami Beach's swank North Bay Road area where homes begin in this price range. But for these buyers, many of whom are visiting wealthy foreigners, the cash is burning a hole in their pocket. The traditional bank financing, dow...
07/30/2010
The idea of a vibrant city center in Miami is bolstered by a Downtown Development Authority finding that condo sales -- and prices -- are going up.Residents and officials longing to see downtown Miami transformed into the nexus of a bustling, 24-hour city are beginning to see a little cooperation...
07/29/2010
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A home at 4411 Pinetree Drive in Miami Beach Reluctant banks have led to a new wave of buyers in Miami Beach real estate --- those looking for quick, all-cash deals. With financing not just difficult to obtain but also time-consuming, sellers are looking to move their homes faster, and buyers, wi...
07/23/2010
Since announcing he would be bringing his talents to South Beach, LeBron James has been called a one-man stimulus package for South Florida - but among the area's real estate circles, the Miami Heat's entire starting lineup looks like a walking, dribbling dollar sign. At least four of the Heat's ...
07/22/2010
Just as in Cleveland, Lebron James looks to have a positive impact, not just on the Miami Heat's chances of winning a championship, but on the overall economy of the Miami area as a whole.William Talbert, president of the Greater Miami Convention & Visitors Bureau, told USA Today that James' deci...
07/19/2010
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Ian Schrager, the celebrity hotelier who invigorated South Beach with his launch of the Delano hotel 15 years ago, is coming back to the beach.Through a partnership with Marriott, Schrager is set to turn the shuttered 12-story Seville Beach Hotel into a boutique property under the new Edition bra...
07/16/2010
Brandon Klein has done what few Floridians can: go weeks without driving his car. The 26-year-old tax accountant walks three blocks from his condominium tower on Biscayne Bay in Miami to his office at Deloitte LLP. On weekends, he and his friends hang out on the pool deck or share a cab to a loca...
07/14/2010
Finding a "cheap" mansion on Miami Beach has become easier in the last few years due to the yo-yo-ing real estate market. That is, if you consider $3 million to be cheap. A few years ago, many of the properties on millionaire-row streets like North Bay Road and Palm Avenue were untouchable by man...
07/09/2010
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Thanks to the ongoing appetite of international and cash buyers, South Florida's real estate market was shielded from a national drop-off in sales.Because those buyers were not eligible for a tax credit, their desire for real estate didn't taper off after the benefit expired at the end of April, ...
07/07/2010
According to a new report by Condo Vultures, lenders filed 49 percent fewer foreclosure actions against borrowers in the tricounty South Florida region in the second quarter of 2010 compared to a year earlier.Banks initiated about 14,500 foreclosure actions in Miami-Dade, Broward, and Palm Beach ...
07/06/2010