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August 26, 2016
A group of top Chinese real estate brokers recently toured some of South Florida's most prestigious new luxury condo developments. In the past, Chinese buyers have largely been attracted to San Francisco and New York, but South Florida developers are bidding to add Miami to that list.
August 24, 2016
Approximately 40 percent of Turnberry Ocean Club's 154 luxury condos are currently in contract. Located in beautiful Sunny Isles Beach, the oceanfront tower is now scheduled for groundbreaking at the end of this year. Prices at Turnberry Ocean Club range from 4 million dollars to 35 million dollars.
August 19, 2016
Construction began this week on Gale Residences Fort Lauderdale Beach. Located just a block away from the water, the luxury development will include 129 exclusive condominiums. The Gale is currently 70 percent sold out.
August 17, 2016
The past month has proved successful for sales at One River Point. Deposits have been placed for 16 luxury condos at the anticipated Miami development, worth a total of nearly 26 million dollars. In all, approximately 100 of 386 residences are now in contract. Groundbreaking at One River Point is scheduled for the second quarter of 2017.
August 12, 2016
The twisting towers of Grove at Grand Bay have been completed. This event marks the first residential towers to be built in Coconut Grove in over ten years. The buildings overlook Biscayne Bay and Regatta Park, and are located just a few blocks away from CocoWalk. Grove at Grand Bay will feature many luxurious amenities including rooftop pools in each tower, a five-star spa/fitness center, concierge and butler service, private dining room, and a pet spa.
July 28, 2016
On Wednesday, the U.S. Treasury Department's Federal Crime Enforcement Network announced plans to expand the tracking of secretive luxury homebuyers to Broward and Palm Beach counties. The announcement came near the end of the original trial period for "Global Targeting Orders", which requires title insurers to discover and submit the names behind all-cash real estate transactions in excess of 1 million dollars.
July 25, 2016
Douglas Elliman just released the second quarter 2016 South Florida market reports covering the Miami Beach, Miami, Fort Lauderdale, Boca Raton and Palm Beach real estate markets. The reports are produced in conjunction with Samuel Miller and serve as an indispensable reference source for home buyers and sellers, the media, financial institutions, government agencies and other market professionals. The reports include an analysis of price trends, sales trends and other metrics to give readers an idea of current real estate conditions, along with historical and emerging market trends.
July 22, 2016
Existing home sales in Miami-Dade County declined again in June, further suggesting that the market has stabilized after years of unsustainable growth. However, the Fort Lauderdale real estate market, which is less dependent on foreign buyers, posted a strong month.
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