March 29, 2018
The National Fair Housing Alliance filed a lawsuit in the Manhattan federal court alleging that Facebook's housing ads actively allow landlords and real estate agents to discriminate against women, families with children and the disabled. In 2016 Facebook was in discrimination hot water when their housing ads were reported to exclude ethnic minorities from seeing them. In response, Facebook said they would no longer allow advertisers to target housing ads using any ethnic criteria. They vowed to end discrimination in their ads, but while they supposedly cleaned up the issue, this new lawsuit alleges that there are more holes in their system and discrimination still continues.
March 26, 2018
Park Grove's first two towers broke ground back in the first quarter of 2015 with a projected completion date of 2018. The project is on schedule and the development’s first two towers are slated for completion in the summer. Developers Terra Group and The Related Group just celebrated the groundbreaking of One Park Grove, the project’s third and final tower.
March 23, 2018
Knight Frank and Douglas Elliman recently released the 2018 Global Wealth Report. Now in its 12th year, this annual report provides a global perspective on the movement of wealth around the world and the fluctuations of the world’s luxury residential property markets. It is likely that these fascinating articles may prompt further questions. If so, please feel free to contact us should you like further information or guidance on your luxury real estate portfolio.
March 19, 2018
The long anticipated arrival of the spectacular luxury condo Jade Signature has finally come. The new construction tower project broke ground back in 2013 headed by Pritzker Prize-winning architects Herzog & De Meuron and developed by Fortune International Group’s husband-and-wife team Edgardo and Ana Cristina Defortuna. The 192 residences at Jade signature are currently more than 95% sold out.
March 15, 2018
After a strong fourth quarter, the real estate giant Zillow posted a record $1 billion in annual revenue, and tallied a $10.5 billion market cap for the first time since the company went public. The Seattle-based tech company's stock continues to soar on Wall Street, surging 10 points since March 1. The forward momentum, reflects growing investor interest in real estate technology, a renewed focus on small- and mid-cap businesses and Wall Street’s widening clarity on Zillow’s overall strategy, analysts said.
March 12, 2018
Norwegian Cruise Line Holdings Ltd. just released renderings of the futuristic new design for its dedicated Norwegian Cruise Line terminal at PortMiami. Inspired by the nautilus, thespiraled, multi-level facade is expected to be ready for vacationers traveling on Norwegian Cruise Line in the fall of 2019. The Miami-based design firm, Bermello Ajamil & Partners, Inc. came up with the concept for the project and construction is expected to start this May.
March 8, 2018
According to a press release, Miami-Dade County commissioners have approved a proposal by Carlos de Narvaez to turn county-owned land into a "country club for cars". The South American developer is calling his $100 million luxury project, Drivers Club Miami. The Club is set to rise on a 160 acre site just west of Miami Gardens on 20000 Northwest 47th Avenue.
March 5, 2018
Knight Frank released their 2017 4th quarter Global House Price Index, tracking the performance of over 50 mainstream International housing markets around the world. The index is compiled on a quarterly basis using official government statistics or central bank data where available. The index noted residential real estate property prices worldwide went up by an average of 4.6 percent.
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