Although it may come as a surprise to many, it is no secret that South Florida property values are on the rise. Over the past few years, wealthy Latin Americans and other foreign investors have turned their investment focus to the depressed real estate market in South Florida. Once a market that was flooded with thousands… Continue Reading
Tag Archives: Real Estate
Real Estate Professionals Navigating the New 3.8% Medicare Tax
With a new year comes a new beginning. While New Year’s Day is typically viewed as a chance to start fresh and make changes in our personal lives, for many people New Year’s Day in 2013 took a different tone. Instead of focusing on making New Year’s resolutions, many Americans were focused on the “fiscal… Continue Reading
CREW-Miami Helps Women Make Strides in Commercial Real Estate Sector
A recent article in the Daily Business Review by CREW-Miami (Commercial Real Estate Women) president Maria Juncadella highlights the strides that women have made in the commercial real estate industry, a sector that was traditionally dominated by men. For instance, Maria points out that women are entering commercial real estate at a faster pace than they were five years ago… Continue Reading
Rilea Group Wins Urban Land Institute’s 2012 Project of the Year Award
Congratulations to Rilea Group, real estate developer of the office tower 1450 Brickell, on receiving the prestigious Project of the Year Award by Urban Land Institute, Southeast Florida/Caribbean. The award recognizes the real estate project that best embodies the mission of the Urban Land Institute: ensuring the responsible use of land in an effort to create sustainable, thriving communities…. Continue Reading
Sale of New World Tower in Downtown Miami
My colleagues, Jim Shindell and Krista DeCastro, reported on this Blog about three recently closed office building transactions in the Miami area. One additional transaction can be added to that list, as further evidence of the resurgence of commercial property activity in south Florida. On August 16, 2012, control of the New World Tower located… Continue Reading
Tax Structuring of Foreign Investment in South Florida Real Estate
Foreign Investment In South Florida Real Estate Heats Up According to a recent report, international buyers are driving sales at several large real estate projects in South Florida. The 200-unit Trump Hollywood sold out less than two years after lenders foreclosed on the 41-story oceanfront tower. In Miami-Dade County, all 1,800 units at Icon Brickell… Continue Reading
South Florida Retail Properties Attracting Lenders
Although attendees at the recently held International Council of Shopping Centers (ICSC) Florida Conference reported seeing a slow recovery ahead for the state’s retail sector, several local retail properties have been able to attract new lenders and take advantage of record low interest rates. Somerset Shoppes in Boca Raton, Florida was able to refinance its… Continue Reading