A Star Island estate formerly owned by Rob "Vanilla Ice" Van Winkle, the rapper-turned-reality show home renovation expert, is back on the market for $14.9 million. According to Curbed, Van Winkle lived in the nine-bedroom mansion during his rise to "Ice Ice Baby" fame, enjoying the 100 feet of … [Read more...]
Apogee condo in South Beach sells for $11.5 mil
April 20, 2011 by
A South Beach condominium has sold for $11.5 million at South Beach condo tower Apogee. The $11.5 million sale of Penthouse A at Apogee is the highest price paid for a condo in Miami-Dade in nearly a year, according to the MLS. The buyer was an undisclosed European company, who closed on the … [Read more...]
Miami Sales rose 134% in January
April 18, 2011 by
Miami, FL – Sales of existing condominiums in the Miami Metropolitan Statistical Area (MSA) increased 134 percent, from 540 to 1,262, compared to January 2010 and 233 percent compared to January 2009, according to the 25,000-member MIAMI Association of REALTORS and the Southeast Florida Multiple … [Read more...]
Residential market – Hot 1Q in Miami
April 8, 2011 by
The first quarter of 2011 might be Miami's strongest three-month period since the housing bubble popped. Original article Here After the last six months of 2010 saw a cooling down after federal tax stimuli expired, inventory of both single-family homes and condominium units is falling … [Read more...]
Office space lifts commercial market
April 7, 2011 by
WASHINGTON – April, 2011 – As the economy recovers and businesses gradually start to expand again, occupancy in office spaces across the U.S. continue to rise as well as the rent, providing a boost to the commercial real estate market which has faced two years of steep drops in rent and … [Read more...]
Russian tech titan breaks U.S. records – buys $100M mansion
April 1, 2011 by
Yuri Milner and the $100 million homeAlthough Russian billionaire Yuri Milner was rumored to have dropped $70 million on his new Silicon Valley mansion, reports now show that closing price was off -- by $30 million, according to the Wall Street Journal. Milner, the head of Digital Sky Technologies … [Read more...]
Market for Vacation Homes Is on the Rise
March 16, 2011 by
Sales in many vacation communities across the U.S. soared last year to levels not seen since boom times, driven by deep discounts, cash purchases and buyers' rising stock portfolios. On Mercer Island, Wash., waterfront sales nearly tripled in 2010, compared with a year earlier, reaching par with … [Read more...]
Sales rise for million-dollar U.S. homes
March 8, 2011 by
Who's buying homes? The rich Sales of million-dollar homes and condominiums rose last month in all 20 major metro areas, according to DataQuick Information Systems. On average, these cities saw an 18.6 percent increase in high-end home sales, after four years of declines, CNN reported. In New … [Read more...]
Cash sales dominating South Florida
March 3, 2011 by
Cash deals are taking over South Florida's real estate market, as around 54 percent of home purchases in the tri-county area are all-cash deals, according to a real estate analysis by Zillow. In the boom, just 13 percent of South Florida's home sales were cash. South Florida had the highest … [Read more...]
Commercial property deals set to double during 2011
March 2, 2011 by
U.S. commercial property deals may double this year as confidence builds among investors who believe those values will rebound, Bloomberg News reported. Blackstone Group's planned $9.4 billion purchase of U.S. shopping centers and Ventas' proposed $5.7 billion buyout of a healthcare real estate … [Read more...]
