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Miami Real Estate Skyrockets: City’s Housing Market Value Sees 86% Increas

October 29, 2023

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While temperatures may be dropping, the value of Miami's housing market is heating up, as evidenced by a recent ranking. According to a report from Zillow, in May 2021, Miami's housing market was ranked as the ninth most valuable in the nation, with a total worth of $1.23 trillion. However, the met

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Exclusive Buyers Flock to Newly Completed Boca Beach Residences in Boca Raton...

October 29, 2023

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Key International, in collaboration with Miami-based Integra Investments and West Palm Beach-based Wexford Real Estate Investors, joined forces to develop a 32-unit condominium at 725 South Ocean Boulevard, spanning four stories. The project obtained its certificate of occupancy in September, with c

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Boise Cascade Acquires Prime Flex-Industrial Property in West Palm Beach for $31

October 31, 2023

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Boise Cascade, headquartered in Boise, Idaho, has acquired a 120,000-square-foot property at 1300 Allendale Road in an all-cash transaction from Brown Distributing. This acquisition will serve to bolster Boise Cascade's Pompano Beach branch located at 1341 Northwest 15th Street. The seller's broker

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Swiss Luxury Watchmaker Audemars Piguet Secures Penthouse Floor in Miami Beach&#

October 31, 2023

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Audemars Piguet, based in Le Brassus, Switzerland, has secured 11,841 square feet on the top floor of the under-construction Five-story office and retail building, Eighteen Sunset, located at 1752 Bay Road. This space will serve as an AP House, a concept designed for intimate browsing, socializing,

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James Star, Husband of Billionaire Heiress, Invests $18 Million in Miami Waterf

November 1, 2023

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According to records, developer Sergio Guardazzi's company recently sold a 0.3-acre plot at 3323 Poinciana Avenue to Poinciana Starlight LLC. The buyer, managed by James A. Star, serves as the chairman of Longview Asset Management based in Chicago. Star is married to Sara Crown Star, a member of one

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The Unstoppable Rise of Rents in South Florida’s Industrial Market: A Feas

November 1, 2023

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In the third quarter, Miami-Dade, Broward, and Palm Beach counties saw significant increases in their median asking rents, with rises of 14 percent, 16 percent, and 18 percent, respectively, compared to the same period last year, according to a recent report from JLL. This surge in rents in South F

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Exclusive Mansion in Florida’s Bears Club Sold to New York City Trust R

November 1, 2023

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According to property records, Michael Grondahl and his wife, Lisa Grondahl, have sold their mansion located at 162 Bears Club Drive to FTL Homestead Trust, a New York City-based entity. The transaction details were handled by real estate agents Vince Marotta of Illustrated Properties and April Stev

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Record Low: Miami-Dade County Condo Sales Decline in October, Marking Lowest Mon

November 3, 2023

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In October, condominium sales totaled $481 million, a decrease from $548 million in September and $700 million in August, according to MLS data from Redfin. Brokers closed 772 sales last month, compared to 809 in September and 934 in August. The October sale prices ranged from $67,000 to $14.2 mi

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Real Estate Powerhouses Behind Miami Beach Commissioner Candidates: A Closer Loo

November 3, 2023

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In the race for Miami Beach commissioner seats, the real estate industry has shown strong support for two candidates: Andres Asion and Marcella Novela. Asion is competing against Tanya Katzoff Bhatt for Group IV commissioner, while Joe Magazine and Novela are running for Group VI. Mitch Novick and

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South Florida’s Rental Market Shows Signs of Slowing: Third Quarter Rent G

November 3, 2023

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In the third quarter, South Florida's apartment rent growth saw a slowdown, primarily attributed to a surge in construction leading to higher vacancies, as outlined in a recent report. Developers completed 13,388 apartments in South Florida during the first three quarters of

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