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Statistics |
| Unique Visitors: 11 |
| Total Unique Visitors: 21411 |
| Visitors Out: 554 |
| Total Visitors Out: 554 |
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| Miami Beach real estate |
| 2008-07-04 13:08:00 |
William Lucien ''Billy'' Keen Jr., who launched the popular Southern-themed restaurant Lulu's on South Beach at the dawn of the area's rebirth -- a fun-loving party planner who threw spectacular Halloween benefits, sold Estate">real estate and believed that banana pudding could cure any bad mood -- has died at 51.His youngest sister, Renee Barrera, said Keen succumbed to bladder cancer at South Miami Hospital on June 26 after ''a long, hard fight'' for seven years.Keen and business partner Gabi Hakman opened Lulu's at 1053 Washington Ave., in 1990. A Miami Herald item said it would offer 'blues, barbecue and Elvis . . . three things food and rock 'n' roll fans
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| $1.7B Everglades Land Deal in Works |
| 2008-06-25 17:28:00 |
The United States Sugar Corp. is selling 187,000 acres to Florida for $1.75 billion, Governor Charlie Crist announced yesterday. The South Florida water management district’s proposal aims to restore the agricultural land in order to help preserve the Everglades.The proposal covers almost 300 square miles across four South Florida counties, and would include all of U.S. Sugars property south of Lake Okeechobee, including its cane fields, mill and railroad line. The two sides had been ironing out the logistics of the deal since Crist unexpectedly proposed to purchase U.S. Sugar Corp. at a meeting this past November.“The deal wasn’t because of economic issues and it wasn’t because of environmental pressure,” said Robert Coker, the vice president of U.S. Sugar Corp. “We’ve been
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| Why the Smart Money Rents in Miami |
| 2008-05-27 16:21:00 |
MIAMI - Maybe the smart way to play the real-estate crash is to come down here and rent. You can live in an amazing, brand-new condo, high above Biscayne Bay, for about $2,000 a month. And there are plenty of desperate owners who need the income. The cash doesn't come close to covering all their costs. For this money, you can get a two-bedroom home on the 20th floor with a wraparound balcony and stunning views of the bay.
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| The Real Estate Prices Keep Dropping In Miami |
| 2008-05-06 04:55:00 |
Forbes Magazine has come out with a list of the top ten worst-selling housing markets in the U.S. And it's probably no surprise to you that Miami tops the list. Housing prices are coming down fast, but wait until you hear by how much a week.Samantha Sharpe, like thousands of buyers, is trying to piece together our housing market."It's hard," said the potential buyer. "I sit on the computer everyday waiting for a new listing. There isn't much coming up but a lot going down--lot of homes on the market going down."
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| Real Estate Investors Buy South Florida Foreclosure Properties |
| 2008-04-20 06:35:00 |
International interest in Miami and Miami Beach properties, particularly luxury South Beach condominiums, from buyers and investment groups in Canada, United Kingdom, Europe, Russia and even India," said Folland, who pointed out that all the negative Estate">real estate news headlines spark interest from buyers and investors looking to purchase properties for less than the the actual value. Combined with the currently weak US dollar, buying financially distressed pre-foreclosure properties through short sale negotiation or lender-owned properties adds up to a good investment opportunity for foreign cash buyers.
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| On-site auctions are becoming popular as owners struggle to sell their properties |
| 2008-04-12 03:02:00 |
But now, despite the large volume of properties that need to be dumped, some lenders are trying the on-site method of auctioning individual properties – at all price points.“It’s not that we haven’t tried everything else,” said Dean Williams, chairman and chief executive officer of Williams & Williams, a Tulsa, Okla.-based company that auctions an average of 50 properties on-site in South Florida each month. “But the authenticity and transparency of an on-site auction has shown to be more effective,” Williams said.Bidders usually are more comfortable making an offer on a property they can tour at the time of an auction, he said. Williams also said the company has found that on-site auctions help foc
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| Stressed lenders shy away from program used to fund low-income housing |
| 2008-04-02 04:34:00 |
When Miami-based Carrfour Supportive Housing applied for tax credits in April 2007, the low-income housing developer hoped to raise $23.47 million by selling credits to corporate investors on Wall Street.Carrfour wants to build a 100-unit apartment building for low-income families and homeless people at Northwest 14th Avenue and 54th Street in Miami’s Liberty City. The project, named Dr. Barbara Carey Shuler Manor, carries an estimated cost of about $28 million. Carrfour hoped to subsidize most of the project by selling tax credits.
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| Miami Real Estate Report |
| 2008-03-25 04:26:00 |
"Miami is different than most other cities in the US, in that there is an international clientele for Estate">real estate and luxury homes. Moreover, Miami real estate is undervalued when compared to cities like Malibu, Beverly Hills, Santa Monica, and Las Vegas, as well as some of our Northeast cities, like Boston and New York, Stamford, and Greenwich.There is a problem, however. Miami Beach homes for sale are still listed far too high for a significant number of sales to take place. Sellers are still more or less oblivious of the value of their homes in this market, and are still listing their properties well above market value. This is especially true of luxury homes being listed in the Mia
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| Miami prices citywide were 17.5 per cent lower in December than a year earlier |
| 2008-03-17 06:09:00 |
The problem in Miami is just part of Florida's boom and bust cycle. Whole towns sprung up over the last few years and many have gone bust just as quickly often leaving half-built homes abandoned (for a great photo series on this check out this piece on Rotunda Sands in Mental Floss). At this point, practically the entire state of Florida is in some sort of foreclosure crisis making it easy pickings for those from across the country and around the world looking for a real estate deal. Both homeowners who owe more than their homes are worth and developers forced to sell condos at cost or in some cases for even less than it cost to build them are ready to accept all sorts of offers.
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| Would-be home buyers become renters |
| 2008-03-10 03:30:00 |
Like thousands of others, the Marcelluses are participating in the new South Florida ''housing market'' -- the rental market. The number of units rented in Miami-Dade and Broward counties between August and January shot up more than 40 percent over the year before, while home sales sank more than 40 percent. Giant brokerage EWM in January had 600 homes listed for sale but more than three times that many for rent.During the boom, people rented because they couldn't afford to buy, and many of them still can't. Now, uncertainty over falling prices has made potential buyers like the Marcelluses even more gun-shy about jumping in.
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| Real Estate In South Florida |
| 2008-03-02 19:40:00 |
"Estate">Real estate became very liquid especially in the condo market. People would buy pre-construction pricing and that's before the building was out of the ground, and then they would sell the contract while the building was being constructed and for huge gain sometimes 200% gains," said Glen Daniels of Foreclosure.com."People had so much money in this community, in the South Florida community, because they were making so much money from nothing in buying and selling real estate. Wealth was appearing that they were able to drive the consumer market place throughout South Florida," said Genet.
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| Miami skyline could reach new heights |
| 2008-02-26 15:04:00 |
Undeterred by the real-estate downturn, and aided by a little-noticed relaxation of the downtown height limits that protect Miami International Airport's flight paths, two local developers want to take you higher -- up over the 1,000-foot threshold, rare heights in the United States outside of New York and Chicago.On Thursday, the Miami City Commission will consider Maclee Development's proposed Empire World Towers, a pair of rounded residential cloud-busters that would rise 93 stories over Biscayne Boulevard across from Bayside Marketplace. The city's planning board has recommended approval.
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| Miami bank-owned properties up |
| 2008-02-23 10:11:00 |
Lenders have taken ownership of 217 percent more properties from borrowers in the greater Miami area in the first 45 days of 2008 than they did in the same period in 2007, a report from Condo Vultures said. In January 2008, lenders took back 641 greater Miami properties, up 252 percent from January 2007, when 182 properties were taken back. In the first 15 days of February, lenders have taken back 217, up 138 percent from the 91 properties taken in February 2007, according to data gathered by the Bal Harbour-based real estate consultancy.
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| Florida Real Estate Recovery Likely Will Be Slower |
| 2008-02-18 01:59:00 |
Orlando, Fla.--Although U.S. Estate">real estate might bottom out this year, the Florida housing market will most likely take longer to rebound, according to economists who spoke Wednesday at the International Builders' Show in Orlando, Fla.Although some states--such as North Carolina--are doing much better than the rest of the country's real estate markets, Florida is currently undergoing a sharp price correction from the high home prices and sales it experienced during the housing boom, the Palm Beach Post reports.
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| Symposium on Distressed Real Estate Investing in Miami |
| 2008-02-13 23:16:00 |
Information Management Network ("IMN") is pleased to announce a timely industry Symposium on Distressed Estate">Real Estate Investing (http://www.imn.org/eej1080/pr), focusing on Residential Asset Classes for the institutional investor. This event will take place on March 18-19, 2008 at The Trump International Sonesta Beach Resort, Sunny Isles Beach, Miami, FL.
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| Miami-Dade for Virtual Housing Center |
| 2008-02-07 18:27:00 |
U.S. Conference of Mayors have named Miami-Dade County an Ambassador City for its Housing Central Web portal. The virtual one-stop housing center connects residents with affordable homes and rental units and provides valuable information and resources for area families.The county developed Housing Central to help residents find homes and rental properties that best meet their needs.
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| A chat with South Florida real-estate casualty |
| 2008-02-03 18:21:00 |
Richards has spent most of her adult life working in the Estate">real estate business. In 14 years she had gone from receptionist to processor, and finally, a senior mortgage loan underwriter/analyst.She had hopes that perhaps she'd survive the unraveling of the housing market.
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| Miami Tycoon Sues Real Estate Blogger for $25 Million |
| 2008-01-30 19:47:00 |
The fracas erupted after Lechuga criticized Hollo's Opera Tower development, calling the project "doomed" and predicting that at least half of the units wouldn't sell. The kicker, however, was when he claimed Hollo went bankrupt in the 1980s, which apparently never happened. The otherwise contrite Lechuga equivocates about the definition of the word "bankrupt," but unfortunately for him, that's not really one of those gray areas, definition-wise. Still, it's unlikely the lawsuit will produce much money from Lechuga.
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| Miami developer bets on condos' future |
| 2008-01-26 07:03:00 |
he condominium developer who led South Florida's high-rise building boom is making a $1 billion bet that the region's real estate market is a bargain.Amid a slumping condo market, developer Jorge Perez is joining with a Wall Street firm to create an investor fund that will buy troubled mortgages and distressed property that ranges from raw land to finished condominium units in the southeastern United States. He will look at properties built by other developers as well as by his own Miami-based Related Group.
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| Florida's real estate market reeling ? |
| 2008-01-24 15:51:00 |
brokers in Miami increasingly are targeting wealthy New Yorkers as a potential new audience to buy their unsold properties. The push to market to New Yorkers is ramping up as brokers rush to sell properties now on the South Florida market before a flood of new condominiums goes on sale later this year.
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| Miami Business agenda |
| 2008-01-22 03:19:00 |
Miami has seen a record condo boom turn into a huge real estate bust. The Worst 25 Housing Market forecasts are selected from more than 250 local housing ...On the House: Fear itself now rules the market Philadelphia Inquirer
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| Mortgage Fraud Surging In Florida |
| 2008-01-19 00:34:00 |
More potential mortgage fraud cases were reported by lenders in Florida in 2007 than in the entire country the previous year, William Stern, a supervisory special agent with the FBI, said Friday. And Tampa, he said, ranks seventh on the agency's top 10 list for mortgage fraud, joining another Florida city on the list, Miami, which is No. 4. Stern highlighted the state's particular dishonor at an Appraisal Fraud Conference in downtown St. Petersburg that drew 110 appraisers, lenders, title agents and Wall Street investors.
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| Florida has strong real estate future |
| 2008-01-14 18:47:00 |
The basic fundamentals driving Florida's Estate">real estate market, which are historically low interest rates, stabilizing prices and reductions in inventory, indicate a positive environment for a recovery.People purchase real estate as a result of positive events, like births, marriages and promotions, and because of unfortunate situations, including death, divorce and financial difficulties. These are the natural factors that influence the real estate market.
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| Real-estate gains |
| 2008-01-11 03:52:00 |
Why does The Miami Herald seem to love reporting doom and gloom about South Florida's real-estate market? In reality, property owners still have record levels of equity.Homeowners control near-record equity holdings, reaching almost $11 trillion. The second-quarter equity number was down slightly by about $6 billion compared to 2006, but that is a drop in the bucket in an $11 trillion marketplace. The second-quarter equity number was $48 billion higher than it was at the end of 2006.
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| Increasing Miami Beach House Resale Value |
| 2008-01-10 09:55:00 |
Small home improvement efforts can go long way. As the real estate value of properties in Miami Beach area are rising slowly the touristic area homes of Miami Beach and South Beach in Florida can benefit from small home improvements and increase resale value of houses. The city of Miami Beach has long been a famous tourist landmark in the United States. Its historic Art Deco district has had many tourists gawk with awe at the collection of uniquely designed and colored buildings and structures,
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