Local News

Real estate news in Atlanta

Paramount Bay’s Posh Apartments on the Market

Paramount Bay, the swanky 47-story bay front tower, recently announced its new residential sales. To sell the tower’s 340 units, with prices beginning at $400,000, Paramount Bay has assembled an expert team of luxury real estate professionals to handle

The High-Rise Condo Returns with Grand Flourishes to Miami

Miami is poised to see its first high-rise condominium development since the housing bust in 2008, according to a Miami Herald report. Developed by Newgard Development Group, the $170 million, 46-story tower will house 374 residents in a number of

Q3 Prices Continue to Quake Bad Miami Housing Stigma

A new report from luxury real estate office Douglas Elliman showed numerous gains in year-over-year data, including findings on pricing, sales and even encouraging signs for distressed properties, long an albatross for the Miami market. Total sales increased 4.6 percent

Sociology Inspired South Miami “Problem Homes” Policy

“Problem homes” – abandoned properties that have become havens for vagrants and drugs – are being torn down in South Miami in an effort to improve safety and curb illegal behavior. Part of the city’s Project Broken Window, the

Bank of America Offers Short Sale Incentive

Bank of America is offering distressed Florida homeowners a $20,000 incentive to short sale their homes – starting immediately. BofA hopes that by doing so, the number of foreclosure in the area, as well as the length of the

App Review: Mortgage Calculator Pro

Price: $0.99 How it Works: The Mortgage Calculator Pro, one of the top 10 finance apps for 2010, is a quick and easy calculator designed for brokers, Realtors and homebuyers. Optimized for iOS 4 and Retina Display, Calculator Pro

Smart Growth Law Wilts

As part of a wide-ranging effort to stimulate economic growth and job creation, Florida’s state legislature has repealed its 30-year growth management law, known as “Smart Growth.” Smart Growth had stipulated that local jurisdictions were to draft plans for

HUD Grants $125,000 to HOPE, Inc.

The Department of Housing and Urban Development announced yesterday $28 million in grants – $125,000 of that due to a Miami organization – to fight and investigate housing discrimination and promote equal housing opportunities. Funded through the Fair Housing

Cervera Real Estate Launches Social Media App

The Miami-based luxury condominium and real estate sales and marketing company, Cervera Real Estate, recently launched a new Facebook application that allows users to search, view and share local home listings. The application was developed by SocialKandy, a Miami-based

Miami Market is Hot, Hot, Hot

High-end buyers and first-timers propelled the Miami housing market in August, boosting sales by 9.3 percent from July and 25 percent from August 2010, according to new research by DataQuick. Homes on either side of the pricing spectrum were

Happiness Abounds for Pending Miami Data

August was a sparkling month for Miami real estate, as Miami Association of Realtor (MAR) data for pending home sales and total listings both posted extremely positive year-over-year results. Pending home sales for Miami, counting both condominiums and single-family

New Chief Economist at Florida Realtors

Florida Realtors hired John Tuccillo, Ph.D., as chief economist and head of its new Industry Data and Analysis department. Tuccillo has worked as chief economist for the National Association of Realtors and the National Council of Savings Institutions, and

Sunny Forecast for Florida Energy

National Solar Power (NSP), a market leader in utility scale solar power solutions, announced plans to construct the Southeast’s largest solar panel project, to be built in Gadsden County,

Speed is Life for Florida Foreclosures

Several influential political figures in Florida, including the state’s governor, house speaker and senate president, are lobbying to change the state’s foreclosure laws, a process they deem too slow and meticulous for the backlog of foreclosures on the market.

Bayside Rocks Gets Greener

Bayside Rocks, an annual music and arts festival devoted to raising social awareness, is teaming up with CityGreenLife.com (CGL) this year to make the event “greener” than

Foreign Developer Unveils Extraordinary, $3.1 Billion Resort

Malaysian developer Genting Group unveiled its master plan Wednesday for Resorts World Miami, a massive, city-within-a-city development with a projected cost of $3.1 billion. The largest North American real estate project since the $8.1 billion CityCenter project was announced

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