The Real Deal Miami

Posts Tagged ‘condo vultures’

  • Greater Downtown Miami condo market faces new risk

    Peter Zalewski tackles reader questions and opinions about the SoFla market
    October 17, 2014 10:30AM
    Peter Zalewski

    Peter Zalewski

    Question: The planned Panorama Tower in the Brickell area just made news for getting an EB-5 designation from the City of Miami. Does such a designation have any discernible impact on buyers of Greater Downtown Miami condo units?

    At a time when the supply of new and existing condos for sale is mushrooming in Greater Downtown Miami, developers and resellers targeting international buyers as potential suitors for their units now have another competitor chasing those same investment dollars earmarked for South Florida. [more]

    1 Comment
  • South Florida’s pending sales are declining

    Tri-county residential deals fall by 1,009 over the last four weeks
    October 14, 2014 09:45AM
    South Florida housing inventory (Credit: Condo Vultures)

    South Florida housing inventory (Credit: Condo Vultures)

    Active listings for housing inventory in the South Florida region increased last week to 43,196, according to weekly data from Condo Vultures. [more]

    Comments
  • Property taxes drive efforts to upzone neighborhoods for new condo towers

    Peter Zalewski tackles reader questions and opinions about the SoFla market
    October 03, 2014 09:45AM
    Peter Zalewski

    Peter Zalewski

    Question: Municipalities like Bay Harbor Islands and Boca Raton are considering raising building size limits for residential towers. Are these municipalities simply reacting to a hot residential development market at the expense of long-term zoning and land-use governance? Will other municipalities follow suit?

    A drive along State Road A1A in South Florida clearly shows that every municipality along the coast has a different perspective about what constitutes an acceptable height and density for residential towers in each of their respective communities. [more]

    1 Comment
  • South Florida foreclosures keep declining

    Latest Condo Vultures report shows drop throughout tri-county area
    October 02, 2014 10:30AM
    Latest foreclosure report from Condo Vultures

    Latest foreclosure report from Condo Vultures

    South Florida foreclosures continued to decline last month, according to the latest report from Condo Vultures. [more]

    Comments
  • Cheap land no longer attainable in Edgewater – for now

    Peter Zalewski tackles reader questions and opinions about the SoFla market
    September 26, 2014 02:15PM
    Peter Zalewski

    Peter Zalewski

    Question: Developable land in the Edgewater neighborhood of Greater Downtown Miami continues to be traded at significant profits for the sellers. Do you think that market has maxed out in terms of land appreciation, or will it be a while before the pricing of land flattens or even reverses course?

    The days of purchasing cheap land for vertical condo developments in the suddenly hot Edgewater neighborhood located east of Biscayne Boulevard between Northeast 17th Terrace and Northeast 36th Street have passed for the foreseeable future. [more]

    Comments
  • Developers propose 24 new condo towers in last month

    Project announcements ramp up in advance of South Florida's busy winter season
    September 23, 2014 11:15AM
    Miami skyline (inset: Peter Zalewski)

    Miami skyline (inset: Peter Zalewski)

    South Florida’s current condo boom is ramping up in preparation for the approaching winter buying season, when visitors from around the world have historically descended upon the tri-county region.

    In the last 30 days, developers have announced plans to build an additional 24 new towers with more than 3,200 units for sites east of I-95 in Miami-Dade, Broward and Palm Beach counties, according to the preconstruction condo projects website CraneSpotters.com. [more]

    5 Comments
  • Tri-county listings, pending sales rise for the week

    South Florida transactions increase by 331 over the past month
    September 23, 2014 10:30AM
    South Florida housing inventory (Credit: Condo Vultures)

    South Florida housing inventory (Credit: Condo Vultures)

    Active listings for housing inventory in the South Florida region increased last week to 42,411, according to weekly data from Condo Vultures. [more]

    Comments
  • Future of racino condo projects depends on Gulfstream Park

    Peter Zalewski tackles reader questions and opinions about the SoFla market
    September 19, 2014 12:20PM
    Peter Zalewski

    Peter Zalewski

    Question: What do you think about the viability of “casino-condos” like Stronach Group’s planned condo project at Gulfstream Park? Does the proximity to gambling make a difference with buyers?

    The owners of South Florida’s eight pari-mutuels – or racinos – that offer gambling options for wagering on races, slot machines or poker are constantly searching for ways to utilize their large land holdings in attempt to improve their bottom lines. [more]

    Comments
  • Centro is fourth condo tower without parking in Greater Downtown Miami

    Peter Zalewski tackles reader questions and opinions about the SoFla market
    September 12, 2014 11:15AM
    Peter Zalewski

    Peter Zalewski

    Question: Will the planned Centro condo project with more than 350 units and only a handful of parking spaces lead to more residential towers being proposed without adequate parking in Greater Downtown Miami?

    The planned Centro condo tower being constructed by Newgard Development Group in the 100 block of Southeast First Street in the Central Business District of Greater Downtown Miami is not unique. [more]

    5 Comments
  • South Florida listings, pending sales rise for the week

    Tri-county area had decline in transactions over the last month, however
    September 09, 2014 11:15AM
    South Florida housing inventory (Credit: Condo Vultures)

    South Florida housing inventory (Credit: Condo Vultures)

    Active listings for housing inventory in the South Florida region increased last week to 42,089, according to weekly data from Condo Vultures. [more]

    Comments
MENU

Subscribe to our email newsletters

New York Real Estate News
South Florida Real Estate News