NEWS


Multifamily, Best Bet for Investment in 2020

Multifamily is the safest investment next year, particularly with rising fears of a recession. The asset class is more p...
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Multifamily Absorption Reaches 5-Year High

US apartment demand spiked during the second quarter of 2019 with product absorption climbing to a five-year high, accor...
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Miami: The city of the sun in its double face

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$1B Magic City Innovation District clears final hurdle

It took five public hearings in front of the Miami City Commission, each lasting several hours and featuring vociferous ...
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South Florida home sales rise in May as price growth slows

Miami-Dade County Residential sales in Miami-Dade County rose 6.6 percent in May, year-over-year, to 2,796. Single-fami...
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Where can you afford to rent or buy in South Florida?

Here's a newsflash that might surprise you: The U.S. housing market is far more favorable to buyers than it is to renters...
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Little Havana could be redeveloped like Wynwood

Taking cues from zoning changes that have ignited redevelopment of old industrial buildings in Wynwood, a master plan fo...
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Why Miami Is The Top City for Small Business Growth in 2019

Knocking off New York City from the top spot, Miami is No. 1 city for small business growth in 2019, according to Biz2Cr...
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A lot of Americans are moving South — and many are heading to Florida

Americans are continuing their long-term trend of moving to the South and out West. The US Census Bureau recently rele...
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Miami investors buy apartments in Overtown Opportunity Zone

Melo said BrickOne will upgrade the units thanks to the benefits the Opportunity Zones program provides to investors. Th...
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New Yorkers Moving to Florida More than Any Other State, Census Says

People moving out of New York state contributed the most to Florida’s population growth, according to U.S. Census Bure...
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Breaking It Down: Inland on Opp Zones

Joe Cosenza is an unabashed fan of Opportunity Zones, the uplift mechanism for downtrodden neighborhoods set into place ...
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Sales of new homes skyrocketed in March. Sales of existing homes, not so much.

March was a good month for sales of new homes but not such a good month for sales of existing homes. New home sales in ...
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A new starchitect mega project is coming to Miami. You won’t ever guess where.

The project design, by the Bjarke Ingels Group, would dramatically “float” a collection of staggered apartment and o...
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Massive Little Haiti project and $31M aid get initial OK.

A mammoth commercial and residential project that would irrevocably alter Little Haiti won an initial go-ahead from Miam...
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The Best Markets For Opportunity Zone Investors

Opportunity zones are the last major novelty in the commercial real estate market, but many questions remain, including ...
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New Opportunity Zone funds seek to ensure investments help distressed areas

Investors are hoping to raise billions of dollars for Opportunity Zones projects across the country, but critics worry l...
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To rent or to own? Here's who pays more

Is it better to rent or to buy? That depends on where you live and whether you think long-term or short-term. In every ...
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We are starting to run but the gun hasn't fired: Investors dash into Miami Opportunities Zones

Investors and developers in Miami-Dade County have been pouring money into Opportunity Zones. From April through Septem...
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South Florida resi sales volume in 2018 rose to $37B: report

Despite slowing home prices and a few rocky months, overall residential sales grew year-over-year in 2018 in South Flori...
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Record Number of Multifamily Deliveries Predicted For South Florida

MIAMI—With healthy employment growth continuing, Berkadia predicts this year’s apartment market in South Florida wil...
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Housing market shows sign of hope

If you’ve been distracted by the federal shutdown, political dysfunction, stock-market volatility and reports of risin...
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Fewer multifamily deals closing in SoFla, yet apartment rents up and vacancies low amid heightened demand

In the multifamily market of South Florida, the volume of sales of apartment buildings has experienced a steady decline ...
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Multifamily rents rose 3.2% last year and will rise nearly 3% this year

Owners of multifamily buildings charged an average monthly rent of $1,419 in December, 3.2 percent more than in December...
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Class A Multifamily: Too Much of a Good Thing?

A Franklin Street broker who recently completed the sale of a “workforce” housing complex here explains the several ...
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Four Tips for HNW Investors Who Want to Buy Multifamily Assets

Workforce housing promises to be a driving force in 2019 for high-net-worth individuals (HNWI) pursuing investments in t...
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Here’s where multifamily investors should be putting their money in 2019

While most of the market attention tends to be focused on Class A multifamily buildings, new research from CBRE suggests...
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Here are the 8 real estate megaprojects coming to SoFla

When Triple Five Group gained approval from Miami-Dade County commissioners earlier this year to build the largest mall...
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Miami Enjoys Over $3.1 Billion in Residential Sales in Q3.

Total Miami sales rose 15.2 percent, from 5,895 to 6,792. Miami condo transactions jumped 16.7 percent, from 3,021 to 3,...
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Residential sales up in Miami-Dade, Broward and Palm Beach: Q3 reports

Third quarter sales rose in all three counties in South Florida, year-over-year, after months of home sales increases. H...
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Miami election: Voters approve Beckham’s MLS stadium.

Voters in the city of Miami approved two major mixed-use projects in Tuesday’s midterm elections, paving the way for a...
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Opportunity Zones guidelines released, offering developers more details

Real estate developers and fund managers with questions about how to invest in the Opportunity Zones program are beginni...
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Investors set their sights on home rentals in South Florida

Forget building equity over decades and decades. Increasingly, leasing a house over a much shorter span is the norm in S...
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Middle-class Americans made more money last year than ever before

America's middle class is booming. Between 2015 and 2016, US median household income rose 3.2% from $57,230 to $59,039,...
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Homeownership rate is at 1990s levels, and it’s only getting tougher for Americans to buy homes

The home ownership rate in the country has declined precipitously since its peak more than a dozen years ago. And ever s...
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South Florida resi sales rise in July

Residential sales rose in July in all three counties thanks to a strengthening condo market, according to the Florida Re...
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Miami is Wall Street South - Here's why

Miami is attracting the LeBron James of Wall Street, the Dwyane Wade of Greenwich equity, and the Chris Bosh of Boston ...
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Foreign Investment in South Florida homes totaled $7B in '17

Despite the residential market’s lackluster year, foreign investors spent $7.1 billion on South Florida homes in 2017,...
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Lendlease, Australian Fund Form $2B Initiative For US Multifamily

The companies value the US multifamily sector at more than $3 trillion and say that it has delivered higher and less vol...
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Will real estate developers seize on “Opportunity Zones” tax incentive?

A short drive from downtown Miami, colorful murals highlight the Haitian diaspora and pink and yellow island-themed buil...
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Here are the foreign investors most interested in South Florida real estate

South Florida, the top destination in the U.S. for foreign investors, continued to attract buyers from a mix of countrie...
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Fund Managers Are Ditching Wall Street for Florida

Florida’s long-running effort to lure Wall Street hotshots is gaining traction thanks to a provision in the federal ta...
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US home prices kept going up in March

It doesn’t look like national home prices will slow down anytime soon. Prices across the country went up by 6.5 per...
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Miami, the new (and unexpected) capital of world art

Afternoon falls over the palms of Collins Park while the Miami Symphony Orchestra plays "The Imperial March", from Star Wa...
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Economist: Millions Are About To Relocate To Low-Tax States Like Florida

Over the coming years, Florida and other low-tax states will gain millions of new residents fleeing states with high tax...
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Miami Area Population Has Increased More Than 10% Since 2010

In just seven years, the population of the Miami Metropolitan Area has increased more than 10%, according to Census data...
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Florida's population, economy are growing

As this annual Economic Yearbook shows, Florida’s population now tops 21 million — 21,162,207 to be exact. That’s ...
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Wealthy cities like LA, Miami and New York are attracting wealthier new residents

Pricey American cities are starting to attract more residents who can afford those prices. Research from economist Issi...
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Miami's real estate market is so strong that homes are selling for near-asking price

The local real estate market is in good shape, according to a report by the Miami Association of Realtors. January saw a...
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American dream of attainable homeownership continues to fade

The number of American renters who can’t afford to buy a home is through the roof, according to a new survey by mortga...
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Miami’s urban core is growing at a faster rate than most major US cities

Office and apartment development in Miami’s urban core is outpacing other such areas in 11 major U.S. markets, accordi...
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Magic City Innovation District secures initial financing from Bank of the Ozarks

The Magic City Innovation District, a $1.36 billion redevelopment plan in Miami’s Little Haiti neighborhood, obtained ...
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Home prices are rising fastest in these Miami neighborhoods

Home prices in Miami-Dade have risen by leaps and bounds over the past five years, more than doubling in some neighborho...
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South Florida home prices rose 9% year-over-year in the fourth quarter of 2017

Home prices in South Florida keep rising, according to a new report from Attom Data Solutions. The index, which track...
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Little Haiti and other areas at higher elevations are attracting investment

Little Haiti’s location, close to both the beach and downtown, makes it a prime target for development. But some resid...
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Little Haiti Rent Jumped 13 Percent Last Quarter, Tied for Biggest Spike in Miami

Little Haiti continues to gentrify rapidly. The Miami neighborhood — which sits conveniently north of Wynwood and th...
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Little Haiti will be South Florida’s hottest neighborhood in 2017, report says

The Little Haiti area will be South Florida’s hottest residential neighborhood in 2017, even as the wider region cools...
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13 of the best places to buy a rental property in the US right now

Miami has been positioned in second place in US ranking of best cities to buy a property for rental income purposes. Ana...
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Miami Foreign Investment: Colombia, Canada, Argentina, Venezuela and Spain top the list

Miami continues to be one of the most attractive cities globally, attracting investors from all over the world, with t...
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Saxum International presence during the 2017 US Open

Thanks to a collaboration with the Spanish tennis player Adrián Menéndez-Maceiras, who advanced in the tournament to f...
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What are the best US cities for millennials? Not Miami, report says

The Miami metro is in the 10 worst in the country for millennials, according to a report from Apartment List....
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This is the salary you need to earn to buy a home right now in New York, Miami and LA

Using the National Association of Realtors’ data on housing affordability, Business Insider gathered a list of the US ...
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Blackstone Buys Billions in Spanish Real-Estate Assets

Blackstone Group said it has agreed to acquire a majority stake in rescued Spanish lender Banco Popular Español SA’s ...
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Lack of land puts the squeeze on SoFla’s homebuilders

With the Everglades on one side and the ocean on another, it’s no secret that South Florida’s stock of developable l...
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Job growth propels South Florida’s multifamily market

South Florida’s employment expansion helped to drive strong demand for rental housing and big-ticket sales of apartmen...
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Foreign buyers are snapping up more American real estate than ever

One market’s loss, is another market’s gain. Countries like Canada, the United Kingdom, Australia, and New Zealand a...
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Attacking The Affordability Crisis

There’s a downside to the economic upturn, and it comes in a rather odd space–the ever-flush-and-fertile multifamily...
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First-Time Home Buyers Show More Interest in Market

Prospective first-time home buyers are showing more interest in making purchases, despite rising prices and growing anxi...
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America’s biggest mortgage lender is making it easier for millennials to buy their first home

In the housing bubble, just about anyone who could apply for a mortgage was able to get one. A decade after the crash, t...
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Here’s how much you need to make to rent in Miami-Dade and Broward: MAP

RentHop looked at the median asking rents of two-bedroom apartments and calculated the required household income, compar...
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Rewriting The Narrative On Apartment Demand And Oversupply

The US will need to build more than 4.6 million new apartment homes across a range of price points by 2030....
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Young people are being shunned from housing market: study

An estimated 3 million new homebuyers over the past decade have been shunned from the market and it could be hindering a...
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Why So Much Private Equity Is Shifting To Multifamily

Private-equity investors like the strong cash-on-cash that multifamily can provide as compared to hotels, retail and off...
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Despite 9,000 new units, Miami rental apartments demand soars

Demand for rental apartments is increasing in South Florida despite the opening of more than 9,000 new units in 2016, ac...
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Miami still the most expensive city to rent an apartment in South Florida: report

In March, a one-bedroom cost the average renter $1,800 a month in the city of Miami, followed by Miami Beach at $1,700 a...
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On Mobility And Millennial Homeownership

Despite talk to the contrary, technology is changing how mobile we need to be; this, along with mortgage-finance educati...
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Rising rates lure foreign investors to the U.S.

When the Federal Reserve raised interest rates in March for the second time in three months, it signaled that the nine-y...
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The Apartment Sector’s Undersupply Problem

PGIM Real Estate Finance’s Michael McRoberts tells GlobeSt.com that new housing supply falls short of meeting demand b...
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Prices Now Grow Faster At Lower End

Recent pricing trends suggest that the recovery is spreading across more markets, says CoStar Group....
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Affordable housing stock in Miami-Dade is shrinking: panel

Between 2000 and 2015, the number of single family homes in Wynwood rented by low- to middle-income households dropped f...
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Demand For These Multifamily Assets Incredibly High

“Florida’s surge in apartment sales activity is being driven by fast job growth, solid economic fundamentals and hig...
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Two Generations, One Housing Preference

Each for different reasons, Millennials and Baby Boomers are gravitating toward apartments as a solution, says a Kroll B...
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Multifamily Developer Rejects Notion Of Overbuilding In South Florida

Noah Miller, vice president of acquisitions at Pensam Capital, is throwing out a lot of facts and figures to prove his p...
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Investors have $1.7T ready to deploy, but activity will be flat in 2017: CBRE

There’s $1.7 trillion of dry powder across the globe just waiting to be deployed into real estate in 2017. But investo...
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January Home Sales Reach Highest Level in a Decade, Realtors Say

U.S. home sales rose in January to the highest level since February 2007, a sign last year’s momentum in the sector ex...
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America's affordable housing crisis has reached a new milestone

The affordable-housing crunch worsened last year. In the final quarter of last year, Americans spent the highest share o...
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Amid rising prices in Wynwood, panel debates trendy neighborhood’s future

During the four-year period between 2012 and 2016, land prices in Wynwood more than quintupled and lease rates more than...
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Miami 2.0: Developers Look At The Next Generation Of South Florida Real Estate

Innovative developers are bringing potentially game-changing projects, and remaking some iconic assets, across the regio...
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Miami is the second best buyer’s market in the US: report

Miami ranked as the second best buyer’s market in the country behind Baltimore, according to the report....
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What Could Cause Apt. REITs To Be More Active?

If the GSEs were to pull back or exit the multifamily-lending space, REITs could see their cost-of-capital advantage gro...
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Russia tops list of countries searching for Miami homes during election month

Is it the Trump effect? Russia made its way to the top of the Miami Association of Realtors’ list of countries searchi...
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Economic influences propel SoFla real estate markets in 2017: Avison Young

A look at Miami-Dade, Broward and Palm Beach counties' offfice, industrial and retail markets...
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Private fund managers shift from equity deals to debt

Private real estate funds raised near-record levels of capital in 2016, as the industry saw a noticeable shift away from...
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Apartment Demand, Rent Growth Stay Strong

Although multifamily construction is “substantial,” the current development pace is “justified by the very strong ...
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Miami’s housing market shows life in November, even as condo sales struggle

After enduring more than a year of lethargic sales numbers, a new report shows Miami-Dade County’s single-family home ...
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Americans lead the foreign investment on Spanish real estate

Americans have positioned in Spain as the main investor on the real estate industry. They have closed deals worth 2.034 ...
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Spanish billionaire pays $500 million for iconic Miami office tower

A company tied to Spanish billionaire Amancio Ortega has paid more than $500 million for the Southeast Financial Center,...
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Magic City, a tech innovation district, coming to Little Haiti

The Magic City will get a namesake innovation district with art, entertainment, technology and sustainability at its cor...
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South Florida home prices rise again in September as nation reaches new high

The steady rise of South Florida’s home prices showed no signs of stopping in September, according to a new report, al...
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