Entries by Eva Montero

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Mixed-use Wynwood office building ‘Forum’ gets a city thumbs-up

A New York based development company has teamed with a globally-recognized and award-winning architect to bring a stand-out mixed-use office building to the heart of the ever-growing Wynwood Arts District. RedSky Capital plans to construct an eight-story mixed-use building called Forum at 2700 NW Second Ave. in Wynwood. The developer’s team presented details July 18 […]

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The week in luxury: A map of Miami-Dade’s priciest condo sales Closing prices in the top 10 deals ranged from $1.5M to $5.5M

Miami-Dade condo sales fell back down again last week, likely thanks in part to the July 4 holiday. The county recorded 109 closings for a total of $55 million, up from the previous week’s $79.2 million sales volume. Condos last week sold for an average price of about $503,000 or $366 per square foot. The […]

Foreign investment in South Florida homes totaled $7B in ’17. Here’s where the money came from.

Venezuela outspent other countries in Miami-Dade for second-straight year Despite the residential market’s lackluster year, foreign investors spent $7.1 billion on South Florida homes in 2017, up nearly 15 percent from the previous year’s $6.2 billion. Leading the pack in South Florida was Argentina with 15 percent of all foreign purchases last year, according to […]

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Miami Beach’s short-term rental fines challenged on constitutional grounds Property owner is claiming city’s fines are “excessive punishment

A Miami Beach property owner is accusing the city of engaging in discriminatory practices when it comes to cracking down on short-term rentals. Natalie Nichols filed a civil rights lawsuit in Miami-Dade Circuit Court on Wednesday, alleging the city’s practice of levying five-figure fines on some residents who list their properties on Airbnb and other […]

Renting in Miami: What will $2,000 get you?

Curious just how far your dollar goes in Miami? We’ve rounded up the latest rental listings via rental site Zumper to get a sense of what to expect when it comes to hunting down a place in Miami if you’ve got $2,000 / month earmarked for your rent. (Note: prices and availability are subject to […]

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Miami Luxury Home, Condo Sales End 2017 on High Note

According to the Miami Association of Realtors, luxury home sales in Miami posted double-digit gains while existing condominium transactions surged year-over-year in December 2017. Luxury ($1 million-and-above) existing Miami condo sales jumped 47.6 percent year-over-year, from 42 to 62. Luxury Miami single-family home sales rose 16.7 percent, from 60 to 70. Existing Miami condo sales […]

Ugo Colombo, partner buy Bay Harbor Islands development site P3 Investments sells after historic designation overturned

Developers Ugo Colombo and Valerio Morabito just bought the Bay Harbor Continental site for $20.5 million. Property records show the partnership paid P3 Investments about $400 per square foot for the 1.2-acre development site at 1135 103rd Street in Bay Harbor Islands. It was previously approved for a seven-story, 29-unit boutique condo project designed by […]

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Miami Beach residents push back against plans to raise streets to combat sea level rise North Bay Road resident Ed Tobin says raising streets will bring flooding into homes

After a recent bout of heavy rains, some Mid-Miami Beach homeowners say city sea level mitigation plans could make things worse. Two weeks ago, developer Matis Cohen was busy helping motorists push their stranded cars as waist-high water flushed through the streets of Miami Beach. Unlike many residents who were hunkered down at home or […]