Downtown Miami seemed to be heading towards an overdevelopment zone a few months back but suddenly there has been a turnaround with many new projects being started in the area. The latest mega development project has been announced by the Genting group after acquiring the 14-acre prime Miami Herald property along Biscayne Bay. The Malaysian…
The Viceroy Hotel, situated in downtown Miami, has finally been purchased by a Maryland company for a price of $36.5 million. This 148-unit property which is housed in the famous ICON Brickell complex was a landmark structure of this area The Pebblebrook Hotel Trust acquired this property from the Related Group which had developed this…
In spite of the higher sales in the first quarter of this year, there are still more than 700 condo units available for sale in the Downtown West Palm Beach market. The South Florida property boom resulted in the condo unit development project creating more than 3,400 units since March, 2003. The report released by…
Genting Malaysia Berhad, which is the third largest casino in Asia, closed a landmark deal for a staggering $236 million with the McClatchy Co, for the prime 13.9 acres of Miami Herald waterfront land in downtown Miami. The all-cash deal was closed this Friday and would mark the entry of this Malaysian conglomerate into Miami’s…
The condo housing market in downtown Miami seems to be going through a dramatic turnaround from the depressed conditions of a few years ago. Units in various condo properties, even in luxurious ones such as Icon Brickell and 900 Biscayne Bay, are almost sold out thanks to a robust demand. Interestingly, the momentum seems to…
NBA leading scorer Kevin Durant has invested a fair amount of money in a luxury condo in Miami, according to Miami-Dade County Circuit Court records. A company affiliated with Durant paid an impressive sum of $1.825 million in order to buy the luxury apartment from the Terra Group. This company is known as K. Durant…
The real estate industry in Miami is abuzz with excitement since there has been a buying spree that has reduced downtown condo availability considerably. Property developers were forced to maintain huge inventories because the bottom had dropped out of the market in 2007 subsequent to a huge construction boom. Sales figures for this year have…
The Florida real estate market is making a smart recovery after its recent financial crisis. Credit can be given to foreign investors who find this perfect place to make their money grow. Property investments in Florida are currently the hottest thing because they provide the ideal combination of high security and once again fast appreciation….
When it comes to US, the most distinguished city is Miami as it is pretty different from the other states and thus has many clientele seeking luxury homes and real estate. At the same time what makes it more special is that the value is simply lower than the other cities including Santa Monica, Beverly…
The Fairmont Turnberry Isle resort known for its legendary nature has opened the door for travelers for complete entertainment with ultimate luxury fitness as well as training experience. This will be known as the “one-stop shop” for your rehabilitation, sports performance training and nutrition. The managing director of Fairmont Turnberry Isle commented upon the success…
