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May 31, 2013
Miami-based Terra Group plans to break ground on a new, luxury residential project in Coconut Grove on June 5th. The Grove at Grand Bay features innovative, eco-conscious design, offering stunning views of Sailboat Bay, the marina and the Miami skyline.
May 29, 2013
With the luxury end leading the charge, South Florida’s real estate market is continuing its upward march. Prices in the high-end market are rising, and home sales in the area are breaking previous records.
May 28, 2013
A luxury oceanfront penthouse in Boca Raton’s One Thousand Ocean has sold for 7 million dollars to a cash buyer. This marks the building’s third penthouse deal since March and its fourth sale of new inventory in the last 75 days.
May 24, 2013
The ultra-luxury real estate market has seen some record-breaking listings this year. While resales of some of Miami’s most expensive properties have been lingering on the market, buyers have been actively snatching up extravagant penthouses in new developments. Top dollar is being paid for new, “trophy” residences that top luxurious buildings throughout Miami.
May 23, 2013
New Yorkers are continuing to purchase vacation homes in South Florida. However, today’s buyers are not just older retirees; younger New York residents are also flocking to the Sunshine State to escape cold, winter weather.
May 21, 2013
Strong demand and limited inventory is causing a buying frenzy in South Florida. The real estate boom is reminiscent of 2005 and 2006, except today’s buyers are using cash and heavy equity. Multiple offers are coming in for the current supply of homes and condos, and properties are fetching their asking prices or more.
May 17, 2013
Brazil has surpassed Canada as the top international source for both visitors and property buyers in Miami. In 2012, Brazilians became the most numerous overseas tourists and the most likely to acquire real estate in Miami. Last year, 690,000 Brazilians visited the city, up 8.8 percent from 2011. They spent an estimated 1.5 billion dollars.
May 15, 2013
When Saskia Sasken devised the term “global city” to refer to urban areas vital to the world’s overall economic, cultural and political development, she was referring to cities such as London and New York. However, over 20 years later, the Columbia University sociologist declared Miami to be a remarkable example of global city growth- a notion supported by the city’s booming real estate market.
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