October 2015 Issue

Has Miami’s luxe market lost its vigor?

Experts say Miami-Dade’s resi market is leveling out — not so for Broward and Palm Beach

South Florida’s luxury residential market has led the charge in the region’s recovery from years of real estate stagnation during the recession. But several factors are now prompting market observers to question whether the luxury sector in Miami-Dade County is starting to lose its momentum. Analysts and industry members point to a buildup of inventory and a strengthening U.S. dollar that, in some cases, has more than … [more]

South Florida’s peak anxiety

More than 15 condo towers have
been canceled or revised due
to a changing market

Anxiety about the South Florida condo market is on the rise as members of the real estate community prepare for the winter buying season. Developers, … [more]

Is Moishe Mana a modern-day Henry Flagler?

An inside look at the developer’s
laser focus on downtown Miami
and Wynwood

Over the past five years, Moishe Mana has embarked on a spending spree in the downtown Miami and Wynwood neighborhoods. During the … [more]

Where real estate bigwigs hang their hats

The builders and sellers of myriad Sunshine State homes reveal their tastes in their private estates

For South Florida’s real estate developers and brokers, the whole world is a playground — and nowhere is this truer than inside their own homes. Here’s a peek inside … [more]

The greatest projects never built

A look at five Miami development
plans that bit the dust before they
could rise from it

n Miami, dreams of grand, ostentatious projects are often billed as set-in-stone reality by developers hoping to cash in on the city’s volatile real estate … [more]

Team LeFrak and Soffer to the rescue?

Inside the developers’ lofty plans for a huge master-planned community
on a former Superfund site

In March, shortly after Richard LeFrak bought out former partners Michael Swerdlow and Ezra Katz and brought in Aventura’s Soffer family to … [more]

Neighborhood evolution

What’s ahead in seven Greater Miami areas that are hotbeds of new development

Overtown, North Beach in Miami Beach, the Arts & Entertainment District and Coconut Grove are among several areas that have emerged as the hottest real estate submarkets in greater Miami … [more]

Sales center showdown

The high-stakes battle for buyers
plays out in multimillion-dollar
tricked-out galleries

Ever been at the mercy of a bouncer while trying to gain admittance to a sales gallery? At the VIP launch party last spring for Paramount Miami Worldcenter, … [more]

New keys for the Florida Keys

The archipelago will get 1,600
new hotel rooms despite strict
growth regulations

High room rates expected to continue for the forseeable future are fueling a hotel redevelopment boom in the Florida Keys. “The dynamic for investment at … [more]

Out with the old, in with the spec homes

A proposal that could curb the razing of old homes threatens Miami Beach’s teardown trend

Even before the Great Recession ended, some condos at the tip of South Beach towering over Government Cut and South Point Park were selling for … [more]

Maestro of Miami Beach style

Faena District designer Brandon Haw previews a new addition,
explains his craft

After leaving his indelible mark in places as varied as Barcelona, Buenos Aires, Frankfurt, India, New York City and Saudi Arabia, England-born architect Brandon Haw is about to do the … [more]

American Dream alive and well in Miami

The Ghermezian family wants their mall to be the largest in the U.S. — with skiing

The American Dream is alive and well in the mind of Iranian-Canadian developer Eskandar Ghermezian. He and his family-owned conglomerate, the Triple … [more]

Office-condo craze hits Miami

Forgoing leases, companies are testing a different ownership model
for their workplaces

When the accounting firm Gerson, Preston, Robinson & Co. decided two years ago to sell its Miami Beach headquarters of 56 years, the partners carefully … [more]

It’s a family affair

How SoFla’s real estate dynasties negotiate professional and personal dynamics to stay on top

After 40 years of working for his father, Tibor Hollo’s oldest son, Wayne, readily admits, “There is only one Mr. Hollo.” Known in South Florida as a visionary, … [more]

Clear skies for commercial

Vacancy rates remain low across Miami-Dade office, retail
and industrial space

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 … [more]

The Broward boomlet bangs on

Condo development continues to sweep up the coast to Fort
Lauderdale and beyond

Broward County has attracted its own steady flock of cranes for residential construction after a slower recovery from the … [more]

The swelling sea-level debate

Florida coastal property worth $69 billion could be at risk by 2030

It’s no secret that Miami-Dade County’s coastal cities will be ground zero for the potential negative impact of rising sea levels. A 2014 World Resources Institute study showed southeast Florida’s … [more]

NYC mega-startup Compass bets on Miami

Former Douglas Elliman sales pro Leonard Steinberg on bringing
the $800M brokerage south

Veteran broker Leonard Steinberg shocked many in the New York real estate world last year by ditching Douglas Elliman … [more]

Palm Beach’s resi heat wave

While higher home pricing means fewer investors in the market,
more end users are buying

Palm Beach County’s residential real estate sector is heating up, thanks in part to banks’ willingness to issue loans again after a reduction in the number of … [more]

Developers voice caution on Cuba

Even as D.C.-Havana relations thaw, builders see hurdles to investing
on the island

When President Barack Obama declared almost a year ago his intention to restore diplomatic ties with the Cuban … [more]

South Florida stargazing

While Calvin Klein has put his home
on the market, Serena and A-Rod
have plunked down new roots

South Florida is a magnet for celebrities, catering to fashion designers, star athletes and international artists alike. Luxury homes in Miami Beach, Coconut Grove … [more]

Editor’s note

Well, it was bound to happen. After using verbs like “soaring” and “booming” and “skyrocketing” to describe Miami’s luxury residential market for the past five years, momentum may be slowing.  … [more]

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