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Category Archives: Market Watch
IT MAY BE EARLY IN SOUTH FLORIDA’S NEWEST CONDO BOOM, BUT THE MODESTLY POPULATED BARRIER ISLAND CITY OF SUNNY ISLES BEACH IN NORTHEAST MIAMI-DADE COUNTY IS EMERGING AS THE EPICENTER OF THE REGION’S NEXT VERTICAL REAL ESTATE CYCLE. Developers are … Continue reading
The costs of renting an apartment in Broward and Palm Beach counties are inching upward. The average monthly rent in Broward is $1,097, an increase of 3.3 percent from a year ago, according to second-quarter data from research firm Reis … Continue reading
Multi-family developer ZOM Florida and the Cleveland-based NRP Group have fully leased 300 workforce-housing units at the $45 million Monterra Apartments in Cooper City, the South Florida Business Journal reported. The units, which are located at 2601 Solano Avenue, are slated … Continue reading
The New Boston Fund has purchased Miami’s Waterford Centre, the Boston-based company announced today. The 91,000-square-foot property is located at 6205 Blue Lagoon Drive in the Blue Lagoon Business Park near Miami International Airport. The company plans to invest “significantly” … Continue reading
The recent surge of South Florida foreclosure filings is beginning to slow down, according to data from RealtyTrac. While the number of tri-county properties with foreclosure filings rose for the seventh straight month, there were only 10 percent more filings … Continue reading
Distressed inventory made up 40 percent of all sales July 12, 2012 12:01AM By Alexander Britell The median sales price of Miami’s coastal residential properties rose 20.9 percent in the second quarter of 2012, compared to the same period in 2011, … Continue reading