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Today’s priciest new listing 2/25/2013

101 20th Street, #2406 Today’s priciest new listing is a two-bedroom, two-bathroom, 1,400-square-foot condo in the Setai Resort and Residences that is asking $3.3 million, according to Condo Vultures. The waterfront condo, which is located at 101 20th Street, #2406, in South Beach, features access to the building’s  three infinity pools, spa, 24 hour room […]

Crash killed $3 billion in value at Related projects

A South Florida condominium project Looking back at the precipitous fall in condominium values in South Florida during the real estate crunch, is not unlike pausing to peer at a car crash on the interstate: morbid and not particularly useful. But Related Group CEO Jorge Perez last Friday provided hard numbers for the first time […]

“Jills” are Coldwell Banker’s highest grossing team in history of firm

“The Jills” The celebrity broker team known as “the Jills,” of Coldwell Banker, recently became that brokerage’s most successful team in history, according to a statement from Coldwell Banker today. The Jills — Jill Eber and Jill Hertzberg — now have the highest production on record of any agent team in the company’s 106-year history, […]

Tampa’s Two Harbour Place office building trades with 1.27-acre site

  Tampa’s Two Harbour Place BNY Mellon’s manager, URDANG, has acquired Tampa’s Two Harbour Place office building and an adjacent 1.27-acre site zoned for residential multi-family development in a joint venture with Boca Raton-based Crocker Partners, the firms announced. The office building was purchased from Amstar/CNL Two Harbour, LLC, and the adjacent site was acquired […]

High-end care package brings luxury marketing home

A Luxebox (credit: Bill Ingram/The Palm Beach Post) Marketing luxury homes to South Florida’s millionaire buyers is getting more personal thanks to a new a high-end care package called  LuxeBox by Sandow, the Palm Beach Post reported. The 15-pound personalized package is developed at Florida Atlantic University’s Research Park and began distribution in December as […]

South Florida residential inventory continues to fall

Residential inventory in South Florida fell to 34,398 from 34,535 active listings for the week ending February 25, 2012. During the same period, pending sales increased to 23,565 from 23,013. Active listings are properties where no current sale contract exists; pending sales are properties in which a contract for sale has been executed, but not […]

Residential rental prices soaring across SF

Demand for residential rental properties following the recession has boomed, leading to a higher median rental rate than at any time in at least the last five years, the Miami Herald reported. In 2012, tenants leased an average of 200 properties per day in South Flora’s three major counties at a median rental rate of […]

With chance to cash out company shares, Cushman & Wakefield faces new test with senior staffers

Ronald Lo Russo Cushman & Wakefield faces a key confidence vote next month when senior employees have the chance to cash out shares valued at tens of millions of dollars, Crain’s reported. The senior employees control roughly 30 percent of the shares and can sell 25 percent of them. The sales, which could bring $60 […]

Multifamily, retail real estate to buoy Miami’s commercial sector in coming years

Retail and multifamily will lead recovery Retail and multifamily values should buoy the region’s commercial real estate sector, as they are set to grow nine percent over this year and next, according to a report from the South Florida Business Journal. The multifamily sector is currently perhaps the only asset class in South Florida where […]

Fewer Florida homeowners underwater, but negative equity still a problem: Zillow

  Fewer homes are underwater While nearly 40 percent of homes are still underwater in Palm Beach, Broward and Miami-Dade counties, the number is slowly shrinking, the Palm Beach Post reported. 39.6 percent of homes were underwater in the fourth quarter of 2012, down from 41 percent quarter-over-quarter, new data released from Zillow.com shows, the […]