Posts

Showing posts from December, 2023

Hines Lands $220 Million Construction Loan For First Phase Of FAT Village In Fort Lauderdale

Image
agent top miami real In a landmark development for Fort Lauderdale's urban fabric, a groundbreaking mixed-use project in the downtown area has recently obtained a substantial $220 million construction loan. This crucial funding, provided by Little Rock, Arkansas-based Bank OZK on December 26, is set to support FAT Village Project LLC, a Houston-based real estate development company Hines subsidiary. This development marks a significant step forward for the project, reflecting the burgeoning vitality of Fort Lauderdale's real estate sector. best bienes realtor http://dlvr.it/T0pB6t

Menesse Brickell to Offer 300 Luxury Residences at 143 Southwest Ninth Street, Miami, Florida

Image
agent top miami real Florida YIMBY has learned that developer Menesee Brickell LLC has refinanced Menesse Brickell, a high-rise venture in Miami. The 39-story project will measure 426 feet tall, offering 400 residences and 415 parking spots. best bienes realtor http://dlvr.it/T0p2B3

This real estate website is about to get a major investment to compete with Zillow

Image
best bienes realtor If you’re like most house hunters these days, you started your search online — probably with Zillow or Realtor.com, the two most popular portals that list houses for sale anywhere … Click to Continue » agent top miami real http://dlvr.it/T0nw66

A breakthrough in alleged real estate fraud case against the ‘King of Coconut Grove’

Image
best bienes realtor When Phillip Sylvester first met Doug Cox and Nicole Pearl, he was impressed by their charm, skill and professionalism. Cox, with his experience in construction, knew how to build houses. … Click to Continue » agent top miami real http://dlvr.it/T0mlxk

Meyers Accesso Acquires ‘The Atrium at Broken Sound’ Office Property In Boca Raton

Image
agent top miami real Meyers Accesso, a leading developer of high-quality mixed-use and residential properties, recently announced the acquisition of The Atrium at Broken Sound, a nearly 100,000-square-foot, Class-A office property located at 6111 Broken Sound Parkway NW, within The Park at Broken Sound mixed-use development in Boca Raton, Florida. The Park at Broken Sound is a robust, 700-acre commercial and residential hub with walkable proximity to numerous retail developments, residential communities, and high-quality amenities. best bienes realtor http://dlvr.it/T0mYkp

Two Housing Developments Approved for St. Johns County, FL

Image
agent top miami real Our sources indicate that developer PulteGroup has two projects planned for St. Johns County in Northern Florida. The two ventures (the Landings at Greenbriar and the Landings at St. Johns) will offer more than 1,000 homes total. best bienes realtor http://dlvr.it/T0mTWN

Exploring Miami’s Classic Culinary Delights: A Food Lover’s Guide to the City’s Best

Image
agent top miami real Miami's culinary landscape is flourishing with a mix of classic and new eateries, offering a diverse range of cuisines and unique dining experiences, from French bistros to Italian Riviera-inspired restaurants. best bienes realtor http://dlvr.it/T0lNWP

El-Ad National Properties Flies In Rooftop Lap Pool At ALINA Residences In Boca Raton

Image
agent top miami real El-Ad National Properties, an Elad Group company with a South Florida-based team, brought in a crane to its ALINA Residences to fly in ALINA 220’s rooftop lap pool on Tuesday, Dec. 5. ALINA Residences is an award-winning, world-class residential destination in the heart of downtown Boca Raton that is currently under construction. The crane was at the property to fly four 100-foot-long stainless steel pieces for the installation of the pool up to the 7th floor for assembly. Phase two of ALINA Residences, which is over 70% sold, encompasses two nine-story residential buildings (ALINA 210 and ALINA 220) will complete the entire project. ALINA 210 is tracking an earlier than expected delivery in summer 2024. Once ALINA 220 is completed in late 2024, ALINA Residences will comprise three buildings: ALINA 200 (121 residences), ALINA 210 (30 residences) and ALINA 220 (152 residences), for a total of 303 units. ALINA 210 and ALINA 220 boast a variety of available residenc...

Novu Normandy Apartments Set for Spring 2026 at 1485 Fouraker Road, Jacksonville, FL

Image
agent top miami real Construction started on Novu Normandy Apartments in November 2023, and it’s shaping up to finish construction by spring 2026. The garden-style community will comprise 308 units spread across eight low-rise buildings. best bienes realtor http://dlvr.it/T0kbrm

The Benefits of Working With an Agent When You Sell Your House [INFOGRAPHIC]

Image
best bienes realtor When it comes to selling your house, the expertise of a trusted real estate agent can make a big difference.  agent top miami real http://dlvr.it/T0kY7f

How to Start Thinking, Acting, and Investing Like the Rich

Image
agent top miami real Everyone wants to know how to get rich. And here’s the truth: getting rich might be much easier than you think. While most people would assume the wealthy grind their […] best bienes realtor http://dlvr.it/T0k6Kc

Only 1.7% of Miami homes were affordable in 2023

Image
best bienes realtor Housing affordability was a big issue in 2023, with a record low 15.5% of homes for sale this year considered affordable for a typical household, and Miami was no exception. In 2023, housing affordability nationally was down from 20.7% in 2022, according to a new Redfin report.  Miami’s share of affordable homes fell to just 1.7% in 2023, down from 3.2% in 2022. It wasn’t just affordability that fell last year. The number of affordable homes also tumbled, falling to their lowest level on record. In 2023, there were 352,500 affordable listings, a 40.9% drop from 2022’s 596,135 and down more than a million per year during the previous 10 years.  Redfin says the decline is partly due to the drop in listings but also attributes elevated mortgage rates and high prices on newer listings.  Redfin, though, expects housing affordability to improve in 2024, and Senior Economist Elija de la Campa says it’s already starting. “Many of the factors that made 202...

Only 1.7% of Miami homes were affordable in 2023

Image
best bienes realtor Housing affordability was a big issue in 2023, with a record low 15.5% of homes for sale this year considered affordable for a typical household, and Miami was no exception. In 2023, housing affordability nationally was down from 20.7% in 2022, according to a new Redfin report.  Miami’s share of affordable homes fell to just 1.7% in 2023, down from 3.2% in 2022. It wasn’t just affordability that fell last year. The number of affordable homes also tumbled, falling to their lowest level on record. In 2023, there were 352,500 affordable listings, a 40.9% drop from 2022’s 596,135 and down more than a million per year during the previous 10 years.  Redfin says the decline is partly due to the drop in listings but also attributes elevated mortgage rates and high prices on newer listings.  Redfin, though, expects housing affordability to improve in 2024, and Senior Economist Elija de la Campa says it’s already starting. “Many of the factors that made 2023...

Developer Proposes AMC Park Apartments for 12501 S.W. 236th St., Homestead, FL

Image
agent top miami real AMC Development Group has submitted revised plans for an apartment complex in southern Miami-Dade County. Originally, AMC Park apartments was to comprise 512 units. best bienes realtor http://dlvr.it/T0hT6Y

What You Need To Know About Saving for a Home in 2024

Image
best bienes realtor If you’re planning to buy a home, knowing what to budget for and how to save may sound intimidating – but it doesn’t have to be. agent top miami real http://dlvr.it/T0hQNF

Rookie Reply: Seller Financing & How to Buy MORE Real Estate on YOUR Terms

Image
agent top miami real We got to talk a WHOLE lot of real estate in 2023. With topics ranging from partnerships to home renovation hacks, we covered a ton of ground this year and […] best bienes realtor http://dlvr.it/T0gyqw

How I Use Data Analytics in Real Estate Investing—Or How I Failed My Way to Success

Image
agent top miami real Here's how I learned to use data analytics, and how you can avoid making my early mistakes. best bienes realtor http://dlvr.it/T0ffDj

Margarita Garzon

Image
best bienes realtor What was your most interesting job before going into real estate? Manager of shopping centers and commercial office buildings Where did you grow up? Bogota, Colombia Growing up, what did you want to be? International business professional What do you do to relax when you’re stressed? Sing, exercise and drink coffee If you could meet any well-known figure (living or not), who would it be and why? Warren Buffett. Although he does not focus exclusively on real estate, his investment strategies and focus on long-term value can be very relevant and educational. What do you love most about the industry? Without a doubt, what I love most about being a real estate agent is the opportunity to be part of one of the most significant moments in people’s lives: finding their ideal home. It is incredibly rewarding to see the joy and excitement on my clients’ faces when they find that perfect place where they can make memories, grow and thrive. How do you disti...

Casa Bel-Mar to Offer 100 Residences at 4003 South Manhattan Avenue, Tampa, Florida

Image
agent top miami real The Tampa Bay Housing Authority, in partnership with Archway Properties and Signature Property Services, is working on a multi-family housing development in South Tampa. best bienes realtor http://dlvr.it/T0fJXF

Retiring Soon? Why Moving Might Be the Perfect Next Step

Image
best bienes realtor If you’re thinking about retirement or have already retired this year, it’s a good time to consider if your current house is still a good fit for the next chapter in your life. agent top miami real http://dlvr.it/T0fFwz

Commercial Real Estate: The “Buy Box” for Buying BIG Properties

Image
agent top miami real For the past year, commercial real estate has been the disappointing big brother of rental properties. As housing prices went up, commercial real estate prices went down. When primary mortgage […] best bienes realtor http://dlvr.it/T0dnv8

A famous faith leader wants to bring affordable housing to Miami area. See the plans

Image
best bienes realtor A well-known preacher wants to help lessen South Florida’s housing crisis by bringing affordable apartments to the region. The Rev. T.D. Jakes and his real estate arm are planning rental … Click to Continue » agent top miami real http://dlvr.it/T0cZlH

Pebb Capital Secures $173M Construction Loan For ‘Sundy Village’ At 22 W. Atlantic Avenue In Downtown Delray Beach

Image
agent top miami real Pebb Capital has secured a $173 million construction loan from Monroe Capital & J.P. Morgan for Sundy Village, a mixed-use development spanning approximately seven acres in the heart of Downtown Delray Beach. Following its groundbreaking in early 2023 and with delivery anticipated for summer 2024, this announcement marks another milestone for what will be the most unique, fully-amenitized lifestyle destination in the Atlantic Avenue District. best bienes realtor http://dlvr.it/T0cPj1

Get Ready To Buy a Home by Improving Your Credit Score

Image
best bienes realtor As the new year approaches, the idea of buying a home might be on your mind. agent top miami real http://dlvr.it/T0cGNL

The BEST Rookie Investor Tips, Tricks, Hacks, and Advice of 2023

Image
agent top miami real We got to talk a WHOLE lot of real estate in 2023. With topics ranging from partnerships to home renovation hacks, we covered a ton of ground this year and […] best bienes realtor http://dlvr.it/T0btF5

The Late Starter’s Guide to Financial Independence (Even in Your 50s!) | ENCORE EPISODE

Image
agent top miami real Ho ho ho! We hope you had a holly, jolly, frugal, and festive holiday season. With the BiggerPockets elves off tinkering to make even greater shows for next year, we […] best bienes realtor http://dlvr.it/T0bsnW

ANF Group Tops Off Phase One Of ‘Southpointe Vista’ Affordable Housing Community In Goulds, Miami-Dade County

Image
agent top miami real ANF Group, Inc. recently celebrated the topping out of the first phase of Southpointe Vista, a two-phase affordable housing development developed by McDowell Housing Partners located at Southwest 117th Court and Southwest 214th Street in Miami-Dade County’s Goulds community. This phase introduces a 10-story high-rise reserved for those earning up to 70% of the area median income, featuring 124 affordable units comprising 91 one-bedrooms, 25 two-bedrooms, and eight 3-bedrooms. A two-story parking garage, connected by a skybridge, includes 196 spaces and 18 electric vehicle charging stations. Amenities encompass community rooms, laundry facilities, a cybercafé, a fitness room, a rooftop terrace, and on-site management offices. best bienes realtor http://dlvr.it/T0ZrM0

These Non-Financial Benefits Turn a House into a Happy Home

Image
best bienes realtor There’s no denying the long-term financial benefits of owning a home, but today’s housing market may have you wondering if now’s still the time to buy. agent top miami real http://dlvr.it/T0Zdvk

From Sleeping on a Dirt Floor to Making $80K/Month (in 2 Years!) | ENCORE EPISODE

Image
agent top miami real Happy holidays, BiggerPockets listeners. You’ve all been good this year, so instead of a lump of coal, you’re getting a special episode delivered on the most merry day of the […] best bienes realtor http://dlvr.it/T0ZJZR

Are the “Best Places to Live” in the US Worth Investing In?

Image
agent top miami real Where are the BEST places to live in the US? Well, U.S. News & World Report just released their annual list to show which cities are worth picking up and […] best bienes realtor http://dlvr.it/T0ZJPC

Sentral Wynwood Announces New Retail Tenants: maman and The NOW

Image
agent top miami real Brand Urban, a real estate brokerage and advisory company based in Manhattan, has announced that Sentral Wynwood, a resort-style residential community located in the heart of Miami's arts district, has signed leases with maman and The NOW for ground-floor retail spaces at 51 Northwest 26th Street. As Sentral's dedicated national placemaking consultant, Brand Urban ensures that the retail complements Sentral's offerings across the U.S., enhancing the overall experience for long-term residents and guests. maman, New York City's beloved French-inspired all-day café and bakery, has signed a lease for a 4,202-square-foot location. The NOW, a Los Angeles-founded wellness brand transforming the therapeutic massage space, will occupy 2,119 square feet at Sentral Wynwood. Both locations are slated to open in 2024 and mark maman, and The NOW's first stores and Sentral's first community will launch in the Miami market. best bienes realtor http://dlvr...

Laguna Gardens to Finish Construction in 2024 at 20775 NW 17th Ave, Miami Gardens, FL

Image
agent top miami real Laguna Gardens is just one step closer to completion in Miami Gardens, FL. The complex will comprise 11 four-story buildings, offering 341 homes. Apartments.com notes that homes range from one-bedroom to three-bedroom floorplans. best bienes realtor http://dlvr.it/T0Y6t5

Are We Experiencing “Transitory Mortgage Rates”? What Does That Mean For Rates?

Image
agent top miami real In March 2021, Federal Reserve Chairman Jerome Powell said, “[T]hese one-time increases in prices are likely to have only transient effects on inflation.” From then on, “transitory inflation” became the […] best bienes realtor http://dlvr.it/T0Xbh1

What Is a Good ROI on Rental Property?

Image
agent top miami real A good ROI on rental property typically ranges from 6% to 10%, although this can vary with location, property type, and market conditions. In some areas, ROIs over 12% are possible, while in expensive urban locations, a 4% to 6% ROI may still be favorable. best bienes realtor http://dlvr.it/T0XF0Q

You can buy hundreds of items from inside Fort Lauderdale’s White House. Here’s how

Image
best bienes realtor Imagine tearing down The White House and putting its contents up for auction. In Fort Lauderdale, you can do that. On Saturday, the owners of La Maison Blanche — you … Click to Continue » agent top miami real http://dlvr.it/T0WwRz

Urban Network Capital Group & Vertical Developments Secure $24.5M Construction Loan for Visions at Brickell Station

Image
agent top miami real Miami-based developer Urban Network Capital Group (UNCG), in partnership with Vertical Developments, has secured a $24.5 million construction loan from Rok Lending for the Visions at Brickell Station development. This wellness-forward condo-hotel project, designed by DTI Architects with interiors by Concepto Taller de Arquitectura, is located in Miami's Brickell neighborhood. With over 50 percent sold, this project is on track for its expected completion in 2025. best bienes realtor http://dlvr.it/T0WZkN

Summerall Set for March 2024 Opening at 5701 Summerall Vista Cir Riverview, FL

Image
agent top miami real Summerall, a multi-family housing complex in Riverview, is just three months away from its anticipated completion date. Construction started on the complex in December 2022. The community will offer 352 market-rate apartments. best bienes realtor http://dlvr.it/T0WTrJ

Coral Gables’ 4225 Ponce Development, a Class A+ Commercial and Retail Opportunity

Image
agent top miami real Constellation Group, a distinguished commercial real estate investment and development firm based in Miami, in collaboration with The Boschetti Group, has successfully secured a substantial $33 million construction loan from Miami's Banesco USA and Abanca. best bienes realtor http://dlvr.it/T0VMlN

Urban Network Capital Group & Vertical Developments Launch Visions at Brickell Station

Image
agent top miami real In a significant stride for the Miami real estate market, Urban Network Capital Group (UNCG), in collaboration with Vertical Developments, has proudly announced securing a substantial $24.5 million construction loan from Rok Lending. best bienes realtor http://dlvr.it/T0VDXQ

Get Your House Ready To Sell This Winter [INFOGRAPHIC]

Image
best bienes realtor As you get ready to sell your house, there are a few things you should add to your to-do list to make it inviting and boost curb appeal. agent top miami real http://dlvr.it/T0TN2C

Fannie Mae and Freddie Mac to add transparency to condo lending blacklists

Image
best bienes realtor The article on the front page of the Miami Herald on Dec. 17, revealed some welcome news for the thousands of condominium communities that have been placed on confidential blacklists … Click to Continue » agent top miami real http://dlvr.it/T0TFKz

Southeast Florida 2024 Outlook: Sales Rebound and Sustained Price Appreciation

Image
best bienes realtor By Gay Cororaton, MIAMI REALTORS Chief Economist   With mortgage rates on the decline and its strong economic fundamentals, Southeast Florida’s housing market is poised for a rebound in sales and sustained price appreciation in 2024. Here are the major 5 trends we see in 2024:   * Mortgage rates will continue to trend downwards in 2024 and could hit 5.25% by year-end. With inflation slowing, mortgage rates are likely to keep trending down as inflation slows and with the Federal Open Market Committee’s latest assessment of a 0.75% cumulate rate cut in 2024. The 30-year fixed mortgage rate could hit 5.25% by 2024 Q4, with a full-year average of 6%, from 6.8% in 2023.   * Existing home sales will rebound, with projected growth of 7%. The decline in mortgage rates will lead to a turnaround in the housing market, with Southeast Florida’s existing home sales projected to expand  by 6.7%. Single-family home sales are projected to expand...

33-Story The Crosby Miami Worldcenter Now Several Floors Up

Image
best bienes realtor Miami Worldcenter’s 33-story The Crosby is now several floors out of the ground, new photos by Phillip Pessar show. A groundbreaking ceremony for the 100% sold-out project took place in January. A foundation pour took place in The Crosby is planned tor rise 33 stories, or 390 feet, and include: * 450 condo units (allowing short-term rentals) * rooftop bar and restaurant * 3,370 square feet of retail No new parking garage is being built, although residents will have access to parking elsewhere at Worldcenter.   (photos: Phillip Pessar) agent top miami real http://dlvr.it/T0RrvT

John Montague Joins the FBBA Board: A New Era for Florida’s DAO and Web3 Sector

Image
best bienes realtor John Montague Joins the FBBA Board: A New Era for Florida’s DAO and Web3 Sector Jacksonville, FL – In a significant move set to bolster Florida’s standing in the digital assets and blockchain industry, Florida attorney John Montague has been appointed as a new board member of the Florida Blockchain Business Association (FBBA). Montague, renowned […] The post John Montague Joins the FBBA Board: A New Era for Florida’s DAO and Web3 Sector appeared first on FBBA. agent top miami real http://dlvr.it/T0RkHn

San Jose tech building topples into default as office market struggles

Image
best bienes realtor SAN JOSE, Calif. — A big San Jose tech building has toppled into a loan default, a financial setback that underscores the widening economic ailments that confront the Bay Area … Click to Continue » agent top miami real http://dlvr.it/T0Qrcr

Small US banks are increasingly at risk in commercial-property slump

Image
best bienes realtor Falling commercial-property values are raising solvency risks for potentially hundreds of U.S. banks, according to a new report prepared for the National Bureau of Economic Research. About 14% of all … Click to Continue » agent top miami real http://dlvr.it/T0QrMS

After 'Throwaway Year' In 2023, South Florida CRE Leaders Say 2024 Is Comeback Time

Image
Despite an undeniable slowdown in 2023, optimism still permeates Miami's commercial real estate sector — buoyed by the Federal Reserve's recent signaling that rate cuts are on the horizon. “The problem is not South Florida real estate,” said Arnaud... http://dlvr.it/T0QC77

Here’s Why the Future of Real Estate Looks Bright In 2024

Image
agent top miami real After a rocky year, some say we can now see the light at the end of the tunnel. Here's why the future looks great for investors. best bienes realtor http://dlvr.it/T0PMLR

Florida needs less state control and more in its home towns

Image
best bienes realtor As Miami-Dade commissioners last week asked the state for money, they also unanimously passed four measures asking the state to take its heavy foot off the county’s back. The target was preemption – legislation that specifies powers reserved to the state alone and bars locally added controls. More-frequent preemptions have centralized powers in the Florida Legislature and governor at the expense of county and city commissioners and mayors, who resent being penned into narrower roles. Not all preemption is wrong. A long-standing prohibition on a city or county income tax, for example, seems proper in a state that has consistently avoided such a tax itself. But local governments that feel closer to the needs of their residents lament that the state often insists on one-size-fits-all solutions to issues that may hit rural North Florida much differently than an urban metropolis like Miami-Dade County. In a long and geographically diverse state, needs often d...

A new affordable housing community in Kendall is a first of its kind for South Florida

Image
best bienes realtor Adults with intellectual disabilities are getting local affordable housing, a first-of-its-kind community in Miami-Dade County. The new $42 million community will be developed on a nine-acre site at 11025 SW … Click to Continue » agent top miami real http://dlvr.it/T0NJWl