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Archive for the ‘Luxury Properties’ Category:

Viceroy Hotel Sale – Deal Closed at $36.5 million

By Roman Pavlik on June 25th, 2011
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 ... [Continue Reading]

700 Unsold Condo Units Still Available in Downtown West Palm Beach

By Roman Pavlik on June 25th, 2011
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 ... [Continue Reading]

Miami’s Condo Market Going Through an Upswing

By Roman Pavlik on May 30th, 2011
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 ... [Continue Reading]

NBA Star Durant Buys Luxury Condo in Miami

By Roman Pavlik on May 30th, 2011
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 ... [Continue Reading]

Miami Condo Demand Increases, Prices Follow Suit

By Roman Pavlik on May 4th, 2011
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 ... [Continue Reading]

Real Estate Report for Miami

By Roman Pavlik on February 14th, 2011
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 ... [Continue Reading]

State-of-the-Art Sports Training, Rehabilitation & Nutrition Center Opened at Luxury Miami Hotel

By Roman Pavlik on February 14th, 2011
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 ... [Continue Reading]

Luxury housing sees a revival: Is it for real?

By Roman Pavlik on August 26th, 2010
London’s prestigious One Hyde Park Complex in London’s Knightsbridge, home to some of the rich and famous is in the news again. This time it’s the sale of a penthouse for an eye-popping sum of US $ 220 million that has set the tongues wagging. Unconfirmed reports suggest that the buyer is a wealthy Nigerian ... [Continue Reading]

Prestigious Maimi Beach Penthouse: Yours for $22 Million

By Roman Pavlik on July 5th, 2010
Prestigious Maimi Beach Penthouse: Yours for $22 Million
International Herald Tribune: The Huffington Post is discussing a new listing for a Miami Beach penthouse that should provide an interesting benchmark for the state of the Miami market. Modestly billed as “one of the most prestigious south Florida penthouses ever,” the 6,853-square-foot (636 square meter) apartment is priced at $22 million, which is a bold ... [Continue Reading]

Luxury Home Sales on the Rise

By Roman Pavlik on June 9th, 2010
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 ... [Continue Reading]
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