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Posts Tagged ‘south florida’

  • 100 new condo towers now under construction in South Florida

    Condos under construction or completed represent 31 percent of the 42.7K proposed units
    March 24, 2015 03:00PM
    Downtown Miami construction and Peter Zalewski

    Downtown Miami construction and Peter Zalewski

    Some four years into this current real estate cycle, developers now have at least 100 new condo towers under construction east of I-95 in the tri-county South Florida region. [more]

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  • Commercial real estate outlook bright: JLL’s Pulse360 panel

    South Florida prime office rental rates set to rise
    March 04, 2015 06:00PM
    JLL

    Pulse360 2015 panel, from left: Ed Coco, Gregory Rumpel, moderator Jennifer LeClaire, Nitin Motwani, Jeff Morris, Brad Simpkins

    South Florida’s prime office rental rates could rise as much as 15 percent to 25 percent during the next two years, as absorption increases and construction of new workplaces slows.

    At the same time, the rising popularity of shared office space will change the face of work sites, as millennial entrepreneurs flock to the urban core, including Wynwood, the Design District and Miami Beach. [more]

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  • Jumbo mortgage loans booming in South Florida

    Number of loans has grown 37 percent
    February 09, 2015 02:45PM
    Bank of America

    Lenders such as Bank of America have been increasing their jumbo loan portfolios.

    Jumbo mortgage loans from banks in South Florida are growing in size and dollar amount.

    Lenders like TD Bank, Suntrust, Northern Trust, JPMorgan Chase Bank and Bank of America have been greatly increasing their jumbo loan portfolios, according to published reports.

    These loans are for amounts larger than $400,000 and exclude national mortgage companies such as Fannie Mae. [more]

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  • 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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