SoFla roundup: Broker tells luxury sellers it’s time to drop prices, Elliman expands into Delray Beach … & more

From the December issue: Douglas Elliman just purchased a Delray Beach brokerage firm, bringing its roster of offices to 19 statewide as it expands along Florida’s coast. With Miami more than a year deep into a housing market slowdown that’s seen sales tumble and listings linger, Ron Shuffield, the CEO of EWM International Realty, is urging luxury homeowners to drop prices. A report from commercial brokerage CBRE shows more than half a billion dollars worth of Asian cash flowed into Miami real estate during the first six months of 2016, making it the country’s fourth most popular destination for investments from across the Pacific. [more]