Brickell/Downtown Miami Commercial Real Estate Investment Real Estate Neighborhood News Selling

Self-Contained Amenities and Neighborhood Key in The Conrad Brickell Hotel Sale

The Brickell Arch – photo credit Rusty Diaz Photography

Though the pace of commercial real estate transactions in South Florida has slowed down a bit, Miami continues to rack up big sales with the recent purchase of The Conrad Brickell Hotel for $72 million by Mast Capital and Angelo, Gordon and Company.  The 203-room hotel will be managed by HEI Hotels & Resorts, it’s first property in Miami.  At a time when the number of hotel rooms has outpaced demand, this purchase shows that experienced investors believe in the long term viability of Miami as an investment.  Both Mast Capital and Angelo, Gordon, and Company like to purchase value-add properties and it will be interesting to see if they hold onto it or sell it once the planned renovation is completed.

Environmental Florida Life Hurricanes Pinecrest

Thank You For Being Late Is A Must Read



I just finished reading Thank You For Being Late by Thomas L. Friedman and think it is a must read for every politician, business leader, employee, employer…basically every one who needs to understand what is going on in the world today.  A timely read, it definitely is not a book to speed read through.  I found myself taking time to reflect on what the author was saying, how it applies to me, my family, my job, my community, my state, my country, and then extrapolate that out to other countries and the world in general.

Although he explores complex and interlacing issues that are accelerating at a dizzying pace due to Moore’s law, he also offers insight, both his own and others’, about how these issues can be addressed.  He acknowledges it won’t be easy, but a lot of the solutions boil down to trust, trees, community, dining room tables and chickens. Yes, chickens.

There were many quotable thoughts in his book, but some of my favorites, especially because of my long real estate career, recent conversations I have had with my husband about moving, and the fact that I live in Florida where hurricanes are a fact of life, several in the latter part of the book really hit home:

“I hope that it is clear by now that every day going forward we are going to be asked to dance in a hurricane….”

“…when people feel protected, respected and connected in a healthy community, it generates enormous trust.”

“When there is trust in a room, people are more inclined to collaborate and experiment – to open themselves up to others, to new ideas and to novel approaches – and to extending the Golden Rule.”

                 ” …the more the world demands that we branch out, the more we each need to be anchored in a topsoil of trust that is the foundation of all healthy communities.”

I have traveled extensively and moved frequently, but settled down in the Village of Pinecrest once my husband and I started raising our family.  In his chapters about Minnesota, I found a lot or similarities with South Florida.  Once you read the book, or if you already have, I would like to hear your thoughts.  Happy reading!




Brickell/Downtown Miami Commercial Real Estate

Collaboration Is Key In Commercial Real Estate

Wells Fargo Center – Gold LEED Certified

I just completed another successful lease transaction with Andrew Trench and Ryan Holtzman of Cushman and Wakefield.  It is the second office lease we have done together and they are wonderful to work with.  In addition to being the consummate professionals you would expect when dealing with Cushman, they are extremely responsive and readily available.    Collaborating with Andrew and Ryan created a smooth transition for the tenant I represented and is why I look forward to working with them again in the near future.





Brickell/Downtown Miami Commercial Real Estate Restaurants South Miami

Restaurants Important In Driving Retail Traffic

Pubbelly Sushi


Food has always been important in retail centers; all you need to do is check out the food court at any major mall to see how much space is devoted to food.  Increasingly, more formal sit-down restaurants are what is needed to drive traffic to malls, strip centers, or downtowns.  Dadeland Mall added many dining options when they renovated several years ago, Downtown Dadeland is starting to bustle with the addition of The Brick and Barley to their tenant list, and Brickell City Center has a variety of restaurants, including Quinto La Huella, Pubbelly Sushi, and American Harvest to name a few.

Brickell/Downtown Miami Coconut Grove Coral Gables Florida Life South Miami

3 Projects That Will Improve Miami


Proposed Hammock Trail
Proposed Hammock Trail

A couple of days ago a wrote about what South Florida will look like in 2070 if we continue developing the way we are.  The state of Florida is growing by 1,000 people per day, making traffic unbearable and threatening our quality of life.  Luckily, there are many projects going on in South Florida that will improve our community and increase property values around them.  Three of them include:

  1. The Miami Underline
  2. The Ludlam Trail
  3. Brightline

Buying Florida Life Miami Beach Neighborhood News

Miami Beach Loft-Style Condo Is Perfect Pied-A-Terre For Art Lovers

DSC_9460_1_2Just in time for Art Miami and Art Basel, this unique New York City style apartment comes on the market.  The light and bright unit features an open floor plan with plenty of wall space for art.  The kitchen features a Viking gas stove and a great layout for entertaining.

DSC_9482_3_4 Located in the heart of Miami Beach on tree-lined Meridian Avenue, you are walking distance to everything:  beach, grocery stores, shops, parks, and restaurants.

Miami Beach Neighborhood News Things To Do

Christie’s Auction of Modigliani’s Reclining Nude Fetches $170,405,000

Miami Beach’s Art Week featuring Art Miami, Art Basel, and many other satellite art fairs isn’t doesn’t start until December 1, but Christie’s just hinted at what may be the biggest art season yet with a record setting night, including the sale of Amedeo Modigliani’s Nu couché.



Buying Coral Gables

Inventory In Many South Florida Markets Still Tight

Coral Gables Home under contract in 4 days
Coral Gables Home under contract in 4 days

Some newspaper headlines and news stations have been asking if Miami is getting ready to experience another housing downturn, due largely to the rapid increase in prices and the return of building cranes to the Miami skyline.  While there has been an increase in inventory in the Brickell corridor, there are still many areas in Miami where inventory is tight.  This leads to headlines such as RIS Media’s, “Existing Home Sales Increase but Overall Market Continues to Underperform“.

If you were a buyer just cruising through headlines, it could give you pause thinking that after years of headlines talking about how sales are increasing, in the double digits in many areas, that it is now slowing.  The truth is that if you continue reading, the reason the sales are increasing at a slow rate is because in many areas there is still a lack of inventory.  Some of the reasons given by economists in the article:

Lawrence Yun, NAR Chief Economist “Insufficient supply seems to be hampering prospective buyers…”

Mark Fleming, First American Chief Economist “Existing-home sales are currently below expectations because existing homeowners lack sufficient equity or remain under water”

Fannie Mae Chief Economist Doug Duncan, “We continue to expect the economy to drag housing  upward”

Another economist, Ted C. Jones, Chief Economist Stewart Title Guaranty Company said that one of the reasons the overall South Florida housing inventory is tight is that  “The Miami-Ft. Lauderdale-Palm Beach MSA added 91,000 net new jobs and only 17,000 new housing units”.

If you are currently in the market to purchase a home, know what the inventory is in your area and your price range so that you will be prepared to make an offer when the right house comes on the market.  Chances are if you are looking in an area with tight supply, you won’t have much time to decide whether or not to make an offer.  In many areas in Miami-Dade county, we are back to multi-offer situation.

Florida Life Palmetto Bay Things To Do

Deering Seafood Festival This Weekend, Sunday March 29

Bahamian Junkanoo Revue
Bahamian Junkanoo Revue

Whether you are visiting South Florida for Spring Break or are a local, head to the Deering Seafood Festival weekend at the beautiful historic Deering Estate.  The setting alone is worth the visit, but throw in local seafood, music, Junkanoo, and gorgeous weather (high of 77 and low of 63 forecasted) and it will be the perfect way to wrap up another busy South Florida Weekend!

Coral Gables Luxury Real Estate Market Summary Selling

Coral Gables Real Estate Market Year-End Summary For 2014

Coral Gables had a phenomenal 2014 for real estate sales.  There were 520 closed sales from January 1, 2014 through December 31, 2014 and 218 of those were cash sales.  The highest priced sale for the year was for a 21,000 square foot, waterfront home in Tahiti Beach, listed by One Sotheby’s Saddy Delgado and sold by Irina Artemova of Luxe Living Realty for $18,000,000.  Both the number of closed sales and the number of cash sales were down from 2013, which reported 607 closed sales, 224 of which were cash, but the percentage of cash sales was higher in 2014 at almost 42% of all transactions.

highest sale Coral Gables 2014