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April 9, 2018
A version of Wynwood’s hip vibe is set to take root in Miami Beach. Called the North Beach Yard, Miami Beach commissioners approved a five-year lease with the city to turn a lot at 81st Street and Collins Avenue into a trendy outdoor gathering space for the public. Wynwood Yard founder Della Heiman and her business partner Ken Lyon have been working on the plans that would include food trucks, small retail businesses, a bar, a performance stage for live entertainment and daytime programming, a pavilion and a renovated city-owned building that will serve as a community center.
April 5, 2018
The Miami Worldcenter will be a nearly 30-acre destination in the heart of downtown Miami. Miami Worldcenter is set to bring a new energy to the city of Miami with a compelling blend of exceptional retail, hospitality, and residential offerings in one unique location. The development, spearheaded by Art Falcone and Nitin Motwani, will include the Mall at the Miami Worldcenter, the 7th Street Promenade, an 1800-room Marriott Marquis Hotel and Expo Center, residential towers and the signature centerpiece, the ultra-luxurious Paramount Miami Worldcenter residential condo tower.
April 2, 2018
According to a report released by Dodge Data and Analytics, this past February showed new construction spending was up 81 percent from the previous year. That number comes in at nearly $1.5 Billion with commercial development starts totaling $775 Million and residential construction totaling $698 Million. Year to date new residential construction starts saw the highest increase in spending to $1.44 Billion. That’s a 93 percent increase from 2017.
March 29, 2018
The National Fair Housing Alliance filed a lawsuit in the Manhattan federal court alleging that Facebook's housing ads actively allow landlords and real estate agents to discriminate against women, families with children and the disabled. In 2016 Facebook was in discrimination hot water when their housing ads were reported to exclude ethnic minorities from seeing them. In response, Facebook said they would no longer allow advertisers to target housing ads using any ethnic criteria. They vowed to end discrimination in their ads, but while they supposedly cleaned up the issue, this new lawsuit alleges that there are more holes in their system and discrimination still continues.
March 26, 2018
Park Grove's first two towers broke ground back in the first quarter of 2015 with a projected completion date of 2018. The project is on schedule and the development’s first two towers are slated for completion in the summer. Developers Terra Group and The Related Group just celebrated the groundbreaking of One Park Grove, the project’s third and final tower.
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.
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