Malaysian firm Genting's purchase of the Miami Herald headquarters this year and large-scale plans for a casino resort could be the first of a wave of Asian investment in Miami, brokers and analysts say -- both in the commercial and residential sectors. While Latin American, Canadian and European … [Read more...]
Palm Beach Mansion sells for $25M
October 15, 2011 by
A home at Manalapan, Palm Beach County, has sold for $25.5 million, the highest total for a sale in the town in a decade, according to a deed filed in the Palm Beach County Clerk's office. The buyer was a Delaware-based investor. The sellers were Terry and Cynthia Taylor, who bought the home in 2008 … [Read more...]
Plans for Futuristic Miami multibillion resort revealed
September 14, 2011 by
The extravagant design proposal for the mammoth Miami gambling resort that would replace the soon-to-be-departed Miami Herald building on Biscayne Bay is inspired by a coral reef, its architect says. The proposed Malaysian-owned Genting resort would cover more than 10 acres with a futuristic, … [Read more...]
South Florida is Building Again
September 12, 2011 by
Many condominium units are being planned for coastal areas in South Florida, according to a report from Condo Vultures. Developers have announced plans for three new towers in Miami-Dade County, along with one in Broward and a two-tower project in Palm Beach County. The projects include 23 … [Read more...]
Russian mogul buys Star Island mansion for $25.5 mil
September 2, 2011 by
Russian mogul Roustam Tariko, who owns Russian Standard Bank and Russian Standard Vodka, paid $25.5. million for a Star Island home, and he's not alone among wealthy Russians looking to purchase such homes in Miami. "In Russia, it's a status thing now," said Jorge Uribe, an associate with One … [Read more...]
Buy a Mini Island in the Swedish archipelago for $650,000
September 1, 2011 by
It’s not only in the Caribbean that you can buy your private island, this small private island that was featured in a Swedish soap commercial is for sale for approx. $650,000. It features several docks and a main house of about 600 square feet. Please contact us for more information. … [Read more...]
German bank is threatening to take over the Versace mansion in Miami Beach
August 31, 2011 by
German bank WestLB is threatening foreclosure on the Versace mansion in Miami Beach. WestLB holds a $25 million mortgage on the property, which has been involved in a series of legal skirmishes in large part due to Ponzi schemer Scott Rothstein's just-under-10 percent stake in the home. Last … [Read more...]
Florida foreclosure sales down 22 percent
August 29, 2011 by
Foreclosures sales in Florida dropped 22.4 percent in the second quarter of the year compared to the same period in 2010, according to a report from foreclosure real estate listings database RealtyTrac released today. There were a total of 34,558 foreclosure sales in Florida in the second … [Read more...]
Foreign buyers see value in U.S. real estate
August 27, 2011 by
As an alternative investment, U.S. real estate may never look so attractive to Canadians again. Sunny havens such as Fort Myers, Fla., have seen property values plummet as much as 50 per cent since the start of 2007, while the value of the loonie has soared about 15 per cent during the same … [Read more...]
Four Areas With Vacation-Home Bargains
July 26, 2011 by
Prices have dropped in many markets, and second-home hot spots that once were out of reach for many buyers have now become more affordable, The Wall Street Journal reports. For example, a property on Hilton Head Island, S.C., that sold for $1.2 million in June 2006 sold in April 2011 for … [Read more...]
