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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
WASHINGTON – July 13, 2012 – Average U.S. rates on fixed mortgages fell again to record lows, giving would-be buyers more incentive to brave the housing market. Mortgage buyer Freddie Mac says the average rate on the 30-year loan fell … Continue reading
In May, Property Appraiser Pedro J. Garcia said property values rose for the first time in four years. On Friday, he said they rose even more than he expected. By Charles Rabin crabin@MiamiHerald.com A month ago, county leaders rolled out … Continue reading
WASHINGTON – July 5, 2012 – Under new rules that took effect June 15, underwater home sellers with Freddie Mac- or Fannie Mae-backed mortgages loans can expect a short sale decision from their lender within 60 business days. The new … Continue reading