South Florida made up more than half of the state’s home sales to international buyers over the last 12 months, according to a new survey from the Miami Association of Realtors. [more]
But international sales have dropped since previous yearNovember 30, 2015 11:16AM
Vacancy rates remain low across Miami-Dade office, retail and industrial spaceNovember 30, 2015 10:30AM By Sean Stewart-Muniz
From the October issue: Analysts are prescribing a healthy dose of optimism for commercial real estate in Miami-Dade County, with factors like explosive job and population growth to thank for the ongoing strength of the markets across the board.
The county is on track to blow past its peak of $6.8 billion in foreign investment recorded last year, with investors continuing to purchase trophy properties in the office and hotel sectors for hundreds of millions.
Miami’s role as a trade hub for Latin America is a steady driver of demand for local industrial space. And a bustling retail market showed its muscle with the $370 million sale of an entire block along Lincoln Road to a Spanish billionaire in September. [more]
Vacant lot last sold for last sold for $10M in 2012November 30, 2015 09:45AM By Katherine Kallergis
Billionaire engineer Ashar Aziz has purchased a 3.5-acre waterfront lot in Gables Estates for $15 million, or $98 per square foot. [more]November 30, 2015 09:00AM
Inside therealdeal.comEconomists say reduced housing supply constrains American mobility and productivityNovember 29, 2015 04:30PM TRD WEEKEND EDITION
White House economic advisers have produced a stream of studies on America’s puzzling lack of productivity and middle-class income growth, and they have identified land-use regulations as a likely culprit.
Jason Furman, chairman of the White House Council of Economic Advisers, said in a recent speech that zoning and restrictions on land use have put “artificial constraints” on housing development. [more]The 3-D software developer has started moving into its new home office in PlantationNovember 29, 2015 03:30PM TRD WEEKEND EDITION
The Broward County Commission on Tuesday will consider awarding about $1 million of incentives to 3-D software developer Magic Leap to create jobs in Broward.
The Sun-Sentinel reported that the county’s commitment would be part of $9 million package of public incentives for Magic Leap to create 725 jobs with an average annual salary of $100,000.
Magic Leap, which now employs 217 workers in Dania Beach, has [more]303 East 44th St., designed by ODA, features gaps between floors that create private gardensNovember 29, 2015 02:30PM TRD WEEKEND EDITION
From the New York site: Have you ever seen a building being pulled apart from the inside? You’re about to.
The latest renderings of 303 East 44th Street show a slender glass tower whose floors are separated by 16-foot gaps and supported by elegantly sculpted concrete beams. The effect is that the building looks like it is being slowly stretched, as if the floors were glued together or stuck together with gum.
To see how ODA New York’s Eran Chen does it, watch the above video or visit The Real Deal‘s YouTube page.Don Malasky's 301 Maddock Way, LLC, bought the two-story, six-bedroom homeNovember 29, 2015 01:30PM TRD WEEKEND EDITION
A new Palm Beach home with more than 9,000 square feet of living space sold for $11.6 million.
The two-story, six-bedoom, British-Colonial style home at 301 Maddock Way is in the Landmark Estates section of the town’s North End neighborhood.
The buyers are Barbara Floersheimer Rothschild and her husband Richard Rothschild, longtime Palm Beach residents who own an apartment at the Sun & Surf condominium at 130 Sunrise Avenue. [more]The landlord has acquired 1,500 apartments in the Tampa area in the last 5 yearsNovember 29, 2015 12:00PM TRD WEEKEND EDITION
FCA Group continued its acquisition of Tampa-area multifamily properties by purchasing the Bay Pointe Colony apartment complex.
The sale price of the 260-unit apartment complex was not disclosed.
FCA is an arm of Libra Group, an international conglomerate with offices in Beijing, London and New York City and interests in aviation, hospitality, real estate, [more]Port commissioners rejected negotiations with a developer for a 3-hotel resort projectNovember 29, 2015 11:00AM TRD WEEKEND EDITION
Port Canaveral commissioners turned down a proposal to negotiate with a developer that wants to build a resort complex on port property.
The sprawling WatersMark development would have included three hotels, a conference center, children’s museum and surfing lagoon, plus retail stores, restaurants, an amphitheater and a rehabilitation facility for manatees. [more]