The Real Deal Miami

Posts Tagged ‘south florida’

  • Miami home prices jump 10.3% over 2013, report says

    Miami area saw biggest increase out of 20 U.S. metro markets
    November 25, 2014 02:15PM
    House for sale

    Miami had the biggest gain of metro areas surveyed.

    Home prices in the Miami area increased 10.3 percent in September over the previous year even as they slowed nationally, according to a new report by S&P/Case-Shiller.

    Of the 20 metro markets tracked by the index, the biggest annual gain was for the Miami metro area, which includes Miami-Dade, Broward and Palm Beach counties. [more]

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  • Florida leads U.S. in creation of new construction jobs

    New jobs increased 10.4 percent over October 2013
    November 25, 2014 10:30AM
    Construction workers

    Miami-Dade added 4,400 new construction jobs

    Florida jumped ahead of the rest of the nation in October with the addition of 40,100 new construction jobs, representing a 10.4-percent increase over the previous year.

    South Florida held the largest concentration of growth, with Miami-Dade County leading at 12.3 percent with 4,400 new jobs. Palm Beach County was up 7.6 percent with 2,100 jobs and Broward County increased their job count by 4.9 percent with 1,700 jobs [more]

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  • NY population could slip below Florida

    Census Bureau estimates to be released on Monday
    December 27, 2013 12:45PM

    snowAs more New Yorkers relocate to sunny South Florida, their native state’s population continues to drop.

    The latest Census Bureau population estimates are scheduled to be released on Monday, and New York is expected to slip behind Florida into fourth place, the New York Times reported. If it doesn’t happen this time, Florida would undoubtedly surpass New York in 2014. [more]

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  • CBRE vet Rick Miller exits after 11 years

    December 19, 2013 03:00PM
    rick-miller

    Rick Miller

    CBRE veteran real estate leasing agent Rick Miller has resigned after 11 years, with plans to join an undisclosed smaller, “more nimble” operation.

    Miller was part of the brokerage services division and global corporate services division for real estate in South Florida. Representing both tenants and landlords, Miller also served as a managing director for the South Florida for a four-year period ending in 2011. He managed more than 75 agents at CBRE. [more]

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  • New Yorkers ramp up SoFla homebuying activity

    Spurred by relative affordability, tri-state investors lead domestic resurgence in region
    November 26, 2013 11:15AM
    From left: Ron Shuffield, Carlos Rosso and Carolyn Block-Ellert

    From left: Ron Shuffield, Carlos Rosso and Carolyn Block-Ellert

    South American investors fueled South Florida’s residential recovery, but domestic buyers — particularly New Yorkers — are helping drive the current boom. [more]

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  • schwarzman

    Stephen Schwarzman

    South Florida’s rising residential market could be further stimulated by a new bond funded by rental revenue from foreclosed properties.

    New York-based private equity giant Blackstone Group launched a $479 million offering of the AAA-rated bonds last week. Blackstone and other large investment firms have spent more than $200 billion on distressed properties in South Florida and other United States markets over the last two years. [more]

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  • Miami skyline

    Miami skyline

    “South Florida by the numbers” is a feature that catalogues the most notable, quirky and surprising real estate statistics. Miami as the condo comeback kid continues to be the dominating real estate story, as global interest keeps the market red-hot. The surplus of condos from the last boom cycle is nearly gone. Cash-paying investors are helping to build a whole new slate of interesting projects in the coming years. See these stats and more after the jump. [more]

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  • Waterway Shoppes II in Weston and Mitch's Westside Bagels, the property's largest tenants

    Waterway Shoppes II in Weston and Mitch’s Westside Bagels, the property’s largest tenants

    Over the next 12 months, over 3.6 million square feet of leases in South Florida commercial properties are set to expire, South Florida Business Journal reported. [more]

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  • Florida again tops nation in foreclosures

    South Florida ranks at the top of U.S. metro areas
    June 13, 2013 11:00AM

    Daren Blomquist

    Florida resumed its reign at the top of the nation’s foreclosure rankings in May, according to Irvine, Calif.-based RealtyTrac.

    In the Sunshine State, one in every 302 homes was in some stage of repossession last month, according to RealtyTrac. That’s about three times the national average. [more]

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  • Miami tower’s Brazilian side

    Brazilians have overtaken Canadians as the top overseas visitors and property buyers in Miami as the city shrugs off the after-effects of the 2008 real estate crash, América Economía reported.

    “There is a love affair between Brazilians and Miami, which has helped the economy in both places,” Rolando Aedo, executive vice-president of the Greater Miami Office of Tourism and Conventions, told the online magazine. Brazilians’ stamp on South Florida’s economy has been “incredible,” Aedo said. [more]

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