Miami’s Budget Advisory Committee recently voted in favor of placing surveillance cameras in the entertainment district in an effort to deter crime, encouraging elected officials to implement the idea. The claim is that the cameras would reduce police personnel costs through crime determent. This decision comes on the heels of the approval of a $225,000…
Miami’s first annual birthday celebration kicks-off on Wednesday, July 28 from 6-9 p.m. at the American Airlines Arena to honor our magical city’s 118 years of fun and festivity. Enjoy the best of what Miami has to offer, with food from over 20 different restaurants, music by DJ Le Spam and Suenalo and cocktails courtesy…
The Florida Office of Financial Regulation will stop taking applications for mortgage licenses on July 8 as it overhauls the background screening system to look for criminal records and credit history. The changes apply to mortgage brokers, mortgage brokerage businesses, mortgage lenders and correspondent mortgage lenders. Applications submitted by July 8 will be processed before…
Condos sales are up an estimated 70 percent from last year. Many of the recent purchases are being conducted by large firms buying in bulk at rock bottom prices. Lionheart Capital, consisiting of a team of Miami investors and strategists and backed by a New York based private-equity firm, recently dropped $120 million for 146…
The Maimi New Times once again released their “Best of Miami.” A list of 361 of some of the weirdest, newest and boldest, these are a few of our favorite: BEST NEW RESTAURANT- Sugarcane Raw Bar and Grill “Each season yields a fresh crop of new restaurants. Sometimes they are highly anticipated due to a…
The missing piece of a $1 billion Metropolitan Miami complex, Met 3, at 200 SE Third Ave, is scheduled to begin construction in the beginning of 2011. Originally set to break ground in early 2009, the project was placed on hold after several investors pulled out. However, MDM Development Group is shifting the details of…
The completed but vacant 43-story oceanfront tower in Sunny Isles beach has been the object of much speculation by the real estate industry as the future of the Trump Tower III remained uncertain. Presold as a condominum, it was proposed that the building could function in the short term as a luxury rental property for…
Don’t call it a comeback! Downtown Miami is seeing greater demand for urban living in areas previously thought to be solely business districts. A Residential Closings and Occupancy study by Goodkin Consulting/Focus Real Estate Advisors has found that 74% of the 22,079 residential units built in Downtown Miami since 2003 are currently occupied. This uncovers…
The sale of homes priced $1 million and above saw a 38% increase compared to 2009, due mainly to improved consumer confidence and the increasing popularity of “jumbo loans.” “Rates are down for jumbo loans,” said David Adamo, CEO of mortgage banking firm Luxury Mortgage. “Banks are seeing benefits in making these types of jumbo…
Construction on a new 221-room Hampton Inn and Suites is starting near the Mary Brickell Village, home to celebrities such as Jennifer Lopez and Marc Anthony. The 15-story hotel, being built by a firm known for its luxury construction, is registered with the U.S. Green Building Council for LEED certification and will include, amongst others,…
