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March 23, 2018
Knight Frank and Douglas Elliman recently released the 2018 Global Wealth Report. Now in its 12th year, this annual report provides a global perspective on the movement of wealth around the world and the fluctuations of the world’s luxury residential property markets. It is likely that these fascinating articles may prompt further questions. If so, please feel free to contact us should you like further information or guidance on your luxury real estate portfolio.
March 19, 2018
The long anticipated arrival of the spectacular luxury condo Jade Signature has finally come. The new construction tower project broke ground back in 2013 headed by Pritzker Prize-winning architects Herzog & De Meuron and developed by Fortune International Group’s husband-and-wife team Edgardo and Ana Cristina Defortuna. The 192 residences at Jade signature are currently more than 95% sold out.
March 15, 2018
After a strong fourth quarter, the real estate giant Zillow posted a record $1 billion in annual revenue, and tallied a $10.5 billion market cap for the first time since the company went public. The Seattle-based tech company's stock continues to soar on Wall Street, surging 10 points since March 1. The forward momentum, reflects growing investor interest in real estate technology, a renewed focus on small- and mid-cap businesses and Wall Street’s widening clarity on Zillow’s overall strategy, analysts said.
March 12, 2018
Norwegian Cruise Line Holdings Ltd. just released renderings of the futuristic new design for its dedicated Norwegian Cruise Line terminal at PortMiami. Inspired by the nautilus, thespiraled, multi-level facade is expected to be ready for vacationers traveling on Norwegian Cruise Line in the fall of 2019. The Miami-based design firm, Bermello Ajamil & Partners, Inc. came up with the concept for the project and construction is expected to start this May.
March 8, 2018
According to a press release, Miami-Dade County commissioners have approved a proposal by Carlos de Narvaez to turn county-owned land into a "country club for cars". The South American developer is calling his $100 million luxury project, Drivers Club Miami. The Club is set to rise on a 160 acre site just west of Miami Gardens on 20000 Northwest 47th Avenue.
March 5, 2018
Knight Frank released their 2017 4th quarter Global House Price Index, tracking the performance of over 50 mainstream International housing markets around the world. The index is compiled on a quarterly basis using official government statistics or central bank data where available. The index noted residential real estate property prices worldwide went up by an average of 4.6 percent.
March 1, 2018
Douglas Elliman’s expansion into new markets paid off in 2017 with a boost in earnings from the previous year. Despite a slower new development market, Elliman earned 7 percent more than in 2016 bringing in $722.3 million in revenue. The brokerage also had a net income of $21.4 million in 2017.
February 26, 2018
Missoni Baia, a luxury waterfront condo project coming to the Edgewater neighborhood in Miami, will be adding more residences. Miami's Urban Development Review Board has just approved design changes to Missoni Baia which will make the building taller and add more units to the luxury tower. Missoni Baia will go from 146 to 249 units and will add over 300 more parking spaces. The tower will also be about 5 feet taller and will increase its square footage total from 771,000 to 838,000 square feet.
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