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August 13, 2018
The 56-story luxury oceanfront condo tower, Residences by Armani Casa, is just about topped off. Residences by Armani Casa is set on a pristine direct oceanfront site in beautiful Sunny Isles Beach. As the first residential Armani tower in the world, the exclusive development is poised bring the prestige, luxury and elegance to beachfront living in Miami that can only come with the Armani name.
August 10, 2018
After seeing the U.S. tax overhaul passed last December, many high-net-worth individuals are packing their bags and moving to South Florida to soak up the sun and serious tax savings. Luxury home prices have been surging ever since the tax law went into effect. The second quarter of 2018 saw a 16 percent jump from the previous year. Additionally, prices for the top 5 percent of properties rose at the fastest pace in 5 years.
August 6, 2018
After nearly 100 meetings and a long drawn-out public battle to redevelop South Beach’s vacant South Shore Hospital at 500 Alton Road, a resolution is finally in sight. The Miami Beach City Commission Finance Committee worked with development stakeholders to hammer out a final agreement for a 44-story condo tower on 500 Alton Road with a 3.19 acre park deeded to the City on the 600 and 700 blocks.
July 26, 2018
Douglas Elliman just released their second quarter 2018 “Elliman Reports” for the South Florida sales markets. According to the reports, the overall assessment of the South Florida markets based on price, sales and inventory trends were considerably favorable this quarter. Standout markets were Delray Beach and Fort Lauderdale with both rising prices and sales.
July 23, 2018
It has been full steam ahead for Miami’s upcoming Okan Tower. The Urban Design Review Board gave the new luxury condo development the green light in October and the project’s Istanbul-based developers have been pushing forward with their sales and marketing efforts ever since. If all continues to move according to plan, the soaring downtown skyscraper hopes to break ground by the end of 2018.
July 16, 2018
States like Florida and Texas have been wooing businesses and wealthy residents with promise of warm weather, zero state income tax and relatively low property taxes for years. It looks like their time has finally come as the states are drawing a wave of Wall Street investors, real estate executives and other wealthy residents from New York and the tri-state area.
July 12, 2018
According to a new report released by Attom Data Solutions, twenty-two U.S. states posted increases in the number of new foreclosure filings for the first half of 2018, compared to the same period a year ago. Some experts believe the loosening of lending standards may be among the reasons why some of the nation’s hottest real estate markets are seeing a rise in their foreclosures.
July 9, 2018
Douglas Elliman continues its path to dominate the Florida market with the opening of a new office in Miami’s MiMo District. The historic MiMo District runs roughly from 50th Street to 77th Street along Biscayne Boulevard in Miami. The full-floor 6,000 square-foot space located at 5555 Biscayne Boulevard will house the firm’s Design District agents.
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