Rental Rates On The Rise

With the increasing popularity of living in walkable communities, rents are on the rise in areas such as downtown Brickell and Coral Gables.  The fact that there are so many new buildings with great amenities and upgraded finishes, such as granite counter tops and modern kitchens and baths, in these two areas have lead to […]

Brickell/Downtown Miami, Coral Gables, Neighborhood News, Renting in Miami
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Miami Real Estate – Pending Home Sales Jump In January

According to the Miami Realtors Association, January total pending home sales jumped 28% over January 2010 and increased 2.5% from December.  Pending sales were as follows: condominium: increased  37.2 percent compared year over year.  Increased 3.3 percent from December. single-family homes:  increased 15.531 percent from January 2010.  Increased 1.4 percent from December. Although this jump […]

Luxury Real Estate, Market Summary
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Coconut Grove, FL Real Estate – Market Summary

Market information from the Multiple Listing Service for single family homes for the month of January are as follows: Closed sales:  8.  None were short sales, 7 were REOs. 5 were cash sales. Price range of closed sales: $565,000 – $48,000 Pending sales: 12.  2 short sales, 1 REO Price range of pending sales: $2.39 […]

Buying, Coconut Grove, Foreclosures, Market Summary, Selling
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“Economists Bullish On Miami”

In case you missed my posts on the projected economic improvement of South Florida and Miami-Dade in particular, read today’s front page Miami Herald article, Forecast calls for robust rebound in Dade. Previous posts I have written include a lot more detail if you want to read more: Commercial Real Estate Starting To Pick Up […]

Buying, Commercial Real Estate, Investment Real Estate
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"Economists Bullish On Miami"

In case you missed my posts on the projected economic improvement of South Florida and Miami-Dade in particular, read today’s front page Miami Herald article, Forecast calls for robust rebound in Dade. Previous posts I have written include a lot more detail if you want to read more: Commercial Real Estate Starting To Pick Up […]

Buying, Commercial Real Estate, Investment Real Estate
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Commercial Real Estate Starting to Pick Up

The recent up-tick in consumer spending has resulted in an increase in demand for retail space.  Since the multi-family and office had been showing improvement, this is a good sign the economy is starting to pick up. On a local level, Miami Today reported  the following increases in November: Total taxable sales are up 7.5% […]

Commercial Real Estate
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Still Doubt An Economic Recovery Is Taking Place In Miami?

There was so much good news about economic activity in the Miami Today, today that I had to share some of the ones that popped out at me.  In addition to the one about all of the economic growth numbers from November (see tomorrow’s post), the following things jumped out at me as a good […]

Commercial Real Estate, Foreclosures, Market Summary, Neighborhood News
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Rental Property Owners Must Issue 1099’s

The Small Business Jobs Act that passed Congress last year requires all property owners that rent out properties to file a 1099 for each vendor who does $600 or more in work.  Even if you only rent out a single property, you must collect the following for each vendor: name address Social Security or Federal […]

Commercial Real Estate, Investment Real Estate
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Rental Property Owners Must Issue 1099's

The Small Business Jobs Act that passed Congress last year requires all property owners that rent out properties to file a 1099 for each vendor who does $600 or more in work.  Even if you only rent out a single property, you must collect the following for each vendor: name address Social Security or Federal […]

Commercial Real Estate, Investment Real Estate
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Miami Real Estate – If You Are Looking To Invest, Miami Is Top Choice

According to Mark Vitner, an economist for Wells Fargo, Miami is his top choice of a market poised for economic growth.  How can that be?  We have one of the highest unemployment, foreclosure and number of underwater homes in the country.  However, Vitner stated that Miami is currently posting some of the highest taxable sales […]

Buying, Commercial Real Estate, Investment Real Estate
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