Lin Arison, the heiress of Carnival Cruises is buying condos in South Florida. She is the widow of Ted Arison, founder of Carnival and an arts patron. She has made 4 condo purchases in the last year and also owns 6 condos in the Bal Harbour Tower which amounts to $12 million. Her latest purchase […]
Alex Rodriguez, who is the Yankees Slugger sold his Miami Beach Mansion for $30 million. This has set sales record for a home on the North Bay Road for netting $15 million profit. Rodriguez bought this property in May 2010 for $7.4 million. The property is located in 4358 North Bay Road and had renovations […]
Many New Yorkers have found their second homes in South Florida. And they’re younger than ever before, several brokers told Real Estate Weekly. Younger New Yorkers are going to South Florida to buy second homes. The sunshine properties are very popular among the hipper crowds. Amenities on these homes are more extravagant that is why […]
A complete transformation has happened. Two years ago, buyers were holding back since prices were still falling, and now there is earnestness to buy. As South Florida’s housing inventory diminish, it ignites a bidding war among builders and a quick rise in construction costs and home prices.
Located at 1050 Washington Avenue in Miami Beach, the earlier Wyndham Garden Hotel Miami South Beach was bought for $25.5 million. The five-building property containing 133 rooms, a restaurant, terrace, bar, and a large pool deck was purchased by Witkoff Group from Majestic Organization. This hotel is still under the protection of the Miami Beach […]
Norman Braman’s plan to construct a seven-story, almost 100,000-square-foot showroom and garage at his Braman Motors site on Biscayne Boulevard, has been approved by Miami’s land use board. This also comes with anexemption to new zoning rules that will let him to develop more than 55,000 sq. ft. This will also have a loading area, […]
Biscayne Plaza, located at the corner of Biscayne Boulevard and 79th Street, has been acquired by Global Fund Investments and MMG Equity Partners. The 347,000-square-foot property will go through significant renovations and will include a center façade.
Though South American consumers have been buying up condominiums in New York City and South Florida, an aid to improve the super high-end in both markets, American real estate companies are now returning the favor. American developers such as the Donald Trump, Related Group, and billionaire Sam Zell are at work to construct commercial spaces […]
Blackstone’s Hilton Worldwide collection, headed by Mr. Jonathan Gray, could turn into a publicly swapped real estate investment trusts. The head of Blackstone’s global real estate division announced that with the debt market’s progress, they will sell off much of their resources for this year and the next. A large portion of private equity of […]
February 9 2013 was the grand opening of Boca Reserve (a new 44-unit luxury community), and also the same time when the first furnished model will be disclosed. Boca Reserve is such a magnificent place to live, attracting buyers who will to have an extravagant life. It is an exceptional community located in West Boca […]