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  • 57-story luxury condo tower in Edgewater advances

    The plan to build a luxury condo tower on the waterfront in Edgewater is moving ahead. Miami’s Urban Development Review Board has recommended approval of Elysee Miami, a 100-unit condo planned for a parcel at 700 NE 23rd St. The unusual design of the 57-story tower, with the size of…

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  • South Florida by the Numbers: 2015 Look Back Edition

    “South Florida by the numbers” is a web feature that catalogs the most notable, quirky and surprising real estate statistics. In the first month of 2015, my Realtor said to me… As we gear up for this week’s blowout South Florida by the Numbers holiday office party, we pause to…

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  • Going up: A look at major construction projects in Florida

    From office complexes to sports stadiums, airports, seaports, luxury condominiums and massive mixed-use developments, Florida is once again in the midst of a building boom. In the tri-county south Florida market alone, 117 residential towers with 11,527 units are under construction, according to a mid- October report from Peter Zalewski,…

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  • Lenders are Helping Foreign Investors Push Florida’s Real Estate Market to a New Peak

    Commercial real estate in Florida has heated up to the point that foreign investors and lenders are chasing deals that extend beyond their comfort zones bringing the market to a crest. U.S. partisan politics aside, foreigners from around the world are much more comfortable having their money here rather than…

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  • Arnaud Karsenti: betting big on Miami real estate

    Timing is everything in real estate. When Arnaud Karsenti got serious about real estate investing, the South Florida market was in the tank, and buying and selling distressed property was the way to go. As the market revived, the longtime Miami resident changed tack to focus on new development. But…

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  • Preconstruction condos emerge as SoFla darling

    Some six years after the South Florida real estate market began to collapse, preconstruction condo units emerged once again as the investment darling of the local market in 2013. The seemingly endless influx of foreign buyers from Latin America, Western Europe and Russia willing to hand over 50 percent deposits…

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  • SoFla real estate firms ramp up in 2013

    Encouraged by the resurgent South Florida market, many real estate firms expanded their presence in the region in 2013. Major companies like Avison Young, Douglas Elliman Florida and Related ISG International Realty ramped up in South Florida this year. Industry employment surged throughout the state. Year-over-year real estate sales, leasing…

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  • Brickell’s new construction boom a surprise to developers

    Real estate development’s rapid rebound in Brickell, with undertakings such as the $1.05 billion Brickell CityCentre and several high-profile condominium projects, has come as a pleasant surprise even to developers. Last week, the Rilea Group broke ground on the Bond, a 43-story, 328-unit condominium project at 1080 Brickell Avenue. Diego…

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  • Miami business leaders bullish on local real estate market: survey

    Almost 60 percent of Miami business leaders recently surveyed by law firm Bilzin Sumberg expect to see investment pour into real estate over the next 12 to 18 months. According to the New Miami Investment Survey, which was commissioned by Bilzin and surveyed 200 local executives, condominium homes (33 percent…

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  • Miami metro area construction contracts up 62 percent through October: report

    Contracts for nonresidential and residential future construction in the Miami-Fort Lauderdale-Miami Beach metro area are up 62 percent for the year to date, according to data released by McGraw Hill Construction. For the year to date, total contracts have reached $4.73 billion, up from $2.91 billion in the same period…

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