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Real estate news in South Florida

Florida Leads U.S. in Home Price Reductions

Florida tops the list when it comes to the number of homes that have reduced their list prices. According to a January report from ZipRealty, the biggest percentage discounts from homes’ original list price was Orlando (12.5 percent), Jacksonville

Broward Home Prices Stabilize in 2010 4Q

In the Fort Lauderdale Metropolitan Statistical Area (MSA), sales of homes decreased 14.4 percent, from 5,085 to 4,354, in the fourth quarter of 2010 compared to a year earlier but were 30 percent higher compared to the fourth quarter

Miami Home Sales Rise in 4Q 2010

In the Miami Metropolitan Statistical Area (MSA), sales of homes increased 29 percent in the fourth quarter of 2010, from 3,671 to 4,740, compared to a year earlier and 93 percent compared to the fourth quarter of 2008. This

Nikki Beach Hotel and Resort Playa Blanca Deal Falls Apart

The owner-operator of a new $40 million luxury condominium hotel in Playa Blanca, Panama has accused the Miami-based Nikki Beach company of improper termination of contract and of spreading false, defamatory statements which seek to undermine the success of

Optibase Ltd. Announces Fourth Quarter Results

Optibase Ltd. today announced financial results for the fourth quarter ended December 31,

Master Brokers Forum Returns to One Thousand Ocean in Boca Raton

In an increasingly globalized economy, South Florida experiences worldwide shifts much more intensely than similar U.S. markets. This is especially true for the region’s real estate industry, which has shown strong signs of improvement in recent months, thanks in

ST Residential Launches South Florida Portfolio

ST Residential, a world-class asset management company with a $4.5 billion real estate portfolio nationwide, recently launched its South Florida portfolio at an exclusive event sponsored by Ocean Drive Magazine. The event was held at one of their luxury

McClatchy Announces Termination of Miami Land Agreement

The McClatchy Company has announced that the agreement to sell 10 acres of land adjacent to The Miami Herald has been terminated. Under the terms of the existing purchase agreement, as amended on January 19, 2010, the buyer had

Broward County Pending Home Sales on the Rise

Total cumulative pending home sales – including single-family homes and condominiums – in Broward County increased four percent in January compared to a year earlier, from 7,447 to 7,770, and 2.6 percent, from 7,571, month-over-month according to the MIAMI

Miami-Dade Pending Home Sales Strong in January

Total cumulative pending home sales in Miami-Dade County increased 28 percent in January compared to a year earlier, from 8,388 to 10,698, and 2.5 percent, from 10,437, compared to the previous month according to the MIAMI Association of Realtors

Broward Condominium Sales Rise Seven Percent in December

In Broward County, condominium sales increased seven percent, from 947 to 1,011, last month compared to December 2009 and 70 percent compared to December 2008, according to the MIAMI Association of REALTORS and the Southeast Florida Multiple Listing Service

1111 Lincoln Road Parking Garage Gets a Lot of Attention

This week there has been a lot of discussion surrounding a new parking garage – yes parking garage – at 1111 Lincoln Road in

RCA MIAMI and WorldCity Present ‘Panama Canal Expansion: A South Florida Economic & Real Estate Opportunity’

The Realtors Commercial Alliance of MIAMI (RCA MIAMI) in partnership with WorldCity will host ‘Panama Canal Expansion: A South Florida Economic & Real Estate Opportunity’ on Friday, February

Miami Home Sales Strengthen in December and Year-End

The sales of existing single-family homes in the Miami Metropolitan Statistical Area (MSA) rose 18 percent in December, from 623 to 734, compared to December 2009 and 70 percent compared to December 2008 according to the MIAMI Association of

Starwood Hotels & Resorts Announces Aloft Miami-Brickell

Starwood Hotels & Resorts Worldwide, Inc., today announced plans to open its first Aloft hotel in Miami in December 2011. Aloft Miami-Brickell will become a key element of a sleek new multi-use lifestyle center in the city’s vibrant

Worldwide Development Services Announces $5.2 Million Bulk Purchases of Brickell-Area Condos

Worldwide Development Services, a Miami Beach-based real estate brokerage specializing in international investor representation, has announced the successful closings of two bulk condominium deals on behalf of the same international investor. The cash purchases involved a total of 15

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