The Real Deal Miami

Posts Tagged ‘south florida’

  • 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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  • From the May issue: South Florida’s office market isn’t as robust as its residential one — just like much of the rest of the country — but the slower pace of leasing comes with an upside: The surplus of inventory is keeping prices in check for tenants.

    Less than a fifth of the commercial space in Miami-Dade and Broward counties — 18.1 percent and 18.7 percent, respectively — is available, about the same amount percentagewise as what’s available statewide, according to CBRE, the real estate service firm. Palm Beach County has roughly a quarter of its office space open. [more]

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  • Maya Brennan

    South Florida tops metro areas in the U.S. where working families are under the most strain from housing costs, according to a Center for Housing Policy report.

    In 2011, 41.2 percent of working households in the tri-county region, including renters and owners, spent more than half their incomes on housing costs, the report said.

    Despite falling mortgage interest rates and home prices far below peak levels, a robust rental market and anemic salary growth are keeping housing costs in proportion to income high in South Florida. [more]

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