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Miami Real Estate News

The worst places to live if the tax bill passes

Posted:Sat, 16 Dec 2017 21:30:30 +0000

Here’s where you don’t want to be living if the final Republican tax bill passes; condolences to homeowners in New York, Long Island and Newark. The list was compiled by Trulia based on metro areas with the highest concentration of homeowners who pay more than $10,000 in annual property taxes. 11. Houston, Texas Effective property tax rate for 2016: 1.7% Household property tax bills above $10,000: 10.2% Home value at which property tax bill exceeds ... [more]

Pompano rejects dismissal of contractor over property purchases

Posted:Sat, 16 Dec 2017 20:30:01 +0000

Pompano Beach rejected a proposal to dismiss a city contractor that oversees tax-funded investments in areas where two of its directors bought property. City commissioner Michael Sobel proposed termination of the city’s contract with Redevelopment Management Associates. He cited the 2015 purchases of three parcels by two directors of Redevelopment Management, Kim Breisemeister and Chris Brown. Sobel said the city’s contract with Redevelopment Management should be terminated because Breisemeister and Brown bought property in areas of ... [more]

Despite Irma damage, Caribbean estate sells near $67 million asking price

Posted:Sat, 16 Dec 2017 19:30:50 +0000

Retired hedge-fund manager Bruce Kovner got a sum near the $67 million asking price for his Caribbean estate despite damage by Hurricane Irma, the Wall Street Journal reported. The listing agent, Christian Wattiau of Sibarth Real Estate, told the Journal the sale of Kovner’s estate, called Girasol, was the most expensive property transaction ever recorded on St. Barts. However, extensive hurricane damage to the landscaping at Girasol delayed the closing of its sale as Kovner ... [more]

Construction of Brigthline link to Orlando to start in first quarter

Posted:Sat, 16 Dec 2017 18:30:28 +0000

All Aboard Florida expects in the first quarter of 2018 to start construction to extend its Brightline passenger rail service to Orlando and to launch service to Miami. The Federal Railroad Administration on Friday approved All Aboard Florida’s plan to link Orlando to its pending Brightline service in South Florida. The Brightline rail service is expected to start between downtown stations in West Palm Beach and Fort Lauderdale before expanding to Miami. All Aboard Florida ... [more]

Title insurers are used to being real estate’s schmoozers-in-chief. New rules will change that

Posted:Sat, 16 Dec 2017 17:00:54 +0000

From TRD New York: Guess who’s coming to dinner? No one. If you could tune out the clinking glasses and the mutual pats on the back at Cooper-Horowitz’s annual bash at Michael Jordan’s steakhouse this week, you might have witnessed an unusual sight: Title insurance players looking anxious, huddled in a corner and discussing upcoming regulations that would change their business as they know it. New state rules which take effect Dec. 18 aim to ... [more]

Whole Foods to open new Dadeland store next month

Posted:Sat, 16 Dec 2017 16:00:08 +0000

Whole Foods will open its new supermarket in Miami’s Dadeland area on Jan. 10. The 46,700-square-foot supermarket will open at 7930 Southwest 104 Street, next to a Target department store. The new Whole Foods supermarket will replace a smaller one at 11701 South Dixie Highway in Pinecrest, scheduled to close Jan. 7. The new Whole Foods store will open  in a former Winn-Dixie supermarket. Whole Foods will transfer 200 employees at the Pinecrest location to ... [more]

Pulte plans homes on another South Florida golf course

Posted:Sat, 16 Dec 2017 15:00:29 +0000

Pulte Homes plans to build about 250 homes on a golf course just west of Boynton Beach in unincorporated Palm Beach County, one in a series of South Florida golf course redevelopments the home builder has pursued. Atlanta-based Pulte would build homes at the 116-acre Cypress Creek Country Club at 9400 South Military Trail. Cypress Creek Country Club is a semi-private golf course open to members and the public. Prices for Pulte’s one- and two-story ... [more]

Fort Lauderdale’s most expensive listing has a $39 million price tag

Posted:Sat, 16 Dec 2017 14:00:43 +0000

A mansion in Fort Lauderdale with a $39 million asking price has become the most expensive home listed for sale in Broward County. The five-bedroom residence at 9 Isle Drive in Fort Lauderdale’s Harbor Beach neighborhood spans almost 20,000 square feet and has 300 linear feet of waterfront. Built in 2001, the property has 17 bathrooms and seven powder rooms, plus a ballroom, eight-car garage, gym, wine-storage space and an elevator. Chad Carroll of The ... [more]

Newmark lists on the Nasdaq

Posted:Fri, 15 Dec 2017 23:00:04 +0000

From TRD New York: Newmark Group’s initial public offering opened today on the Nasdaq stock exchange at $14.00 per share, lower than the original $19 to $20 per-share range the company had originally projected. Newmark offered 20 million shares of Class A common stock, with an option for underwriters to purchase additional shares. Howard Lutnick’s BGC Partners, which bought Newmark Knight Frank for an undisclosed sum in 2011, will own 85.3 percent of Newmark’s Class ... [more]

Miami Jewish Health Systems nabs approval, breaks ground on Buena Vista campus

Posted:Fri, 15 Dec 2017 22:40:47 +0000

The Miami Jewish Health Systems broke ground on the redevelopment of its Buena Vista campus on Friday, a day after securing approval from the Miami City Commission for its special area plan. The commission approved the plan for a linear park on Northeast Miami Place and 50th Terrace, according to a press release from Greenberg Traurig. The SAP will also allow property owners of nine or more acres to develop a master plan that includes ... [more]

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