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.
May 13, 2013
Due to a heated real estate market, developers in Miami are buying up property across the city. Miami’s Edgewater district, located just north of downtown, is the latest area to see a flurry of proposed new construction. With sweeping views of Biscayne Bay and a prime location near Midtown and the Design District, developers have been busy buying up land and pre-construction sales are soaring.
May 8, 2013
Miami has been ranked number 10 on fDi Magazine’s list of the Top 10 Overall American Cities of the Future. Miami also ranked 8 for infrastructure, 7 for business friendliness and 8 for economic potential on fDi’s lists of the Top 10 Major American Cities of the Future. The Major American Cities of the Future category is made up of cities with an immediate city population of more than 750,000 people plus a metro area of more than 2 million, or a metro area of more than 4 million people.
May 7, 2013
Miami-based developer Alan Ojeda’s Rilea Group is building a new luxury condo tower in the heart of Brickell. The 44-story, 323-unit building known as The Bond is set to rise at 1080 Brickell Avenue in Miami. Construction on the luxury condos will begin as early as August.
May 2, 2013
A new, ultra-luxury condo tower is coming to the South-of-Fifth neighborhood in Miami Beach. The building formerly marketed as Kallisto and 120 Ocean will finally rise as Glass Miami Beach. The 18-story luxury tower will have 10 units and wide outdoor terraces.
April 30, 2013
Previously, the tallest buildings in the world were built to provide office space, while residential buildings lingered in their shadows. However, that is no longer the case. In recent years, luxury residential developers have raced skyward to provide panoramic views for cash-flush global buyers.
April 26, 2013
The real estate market in Miami and surrounding areas has been hot lately, thanks in part to an increase of wealthy overseas buyers purchasing vacation homes with cash. With foreign wealth flocking to Miami, luxury sales prices have increased in the first quarter of 2013, on a year-over-year basis.
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