This week in Miami real estate: Shoma Group makes decision on Eleven on Lenox

by James McClister


Lots of interesting things happened this week in the world of real estate. Notable stories this week include the Shoma Group tapping Douglas Elliman for a project and AquaLuna reaching completion.

And because we missed last week, we’ll also be including those top stories as well.

Catch up on the last two week’s top news with our real estate news roundup:

Shoma Group chooses Douglas Elliman Development Marketing for Eleven on Lenox – According to a release: Douglas Elliman Development Marketing … has been selected as the exclusive brokerage for Shoma Group’s first residential development on Miami Beach, Eleven on Lenox – a collection of 11 exclusive beach houses in the heart of South Beach.

Compass acquires Barclays Real Estate Group – According to a Dec. 12 release: ON Dec. 20, Compass acquired Miami Beach-based boutique luxury agency Barclays Real Estate Group. Effective immediately, Mathieu Rochette, owner and CEO of Barclays, and his firm’s 30 agents are under the Compass umbrella.

Eco-friendly, luxury condo complete – Earlier this week, Ocean Land Investments announced through a press release that AquaLuna, a 16-condo five-story tower, was complete and 100 percent sold out. Units were priced from $1.2 to $2 million.

Cash sales dropping fast – According to CoreLogic: he cash sales share in Miami-Miami Beach-Kendall was down for the month of September over the same period last year and sits at 43.2 percent, a 7.9 percentage point decrease compared with September 2015. The cash sales share in Miami-Miami Beach-Kendall was higher than the 31.7 percent national rate.


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