South Florida On The Market

A property investment frenzy is leading to an unprecedented surge in sale prices at Miami Beach’s Lincoln Road mall. And real estate experts believe the upward pricing trend is not going to stop anytime soon. In May, 818 Lincoln Road — home to Miami-based artist Romero Britto’s gallery — traded for $34.5 million . Montreal-based 818 Lincoln Corp. paid $4,119 a square foot for the two-story building. That deal followed the January purchase by New York-based Imperium Capital and Centurion Realty of a 10,000 square foot building at 643-657 Lincoln Road for $33 million, or about $3,300 per square foot. One broker, Ackman-Ziff principal Robert Kaplan, told The Real Deal Lincoln Road sale prices could eventually surpass $6,000 per square foot. Kaplan, who is marketing 800-810 Lincoln Road on behalf of nonprofit organization ArtCenter/South Florida, cites a shortage of high-quality buildings on primary Lincoln Road intersections as the driver for rent and sale price gains. Prices bega

A longstanding dispute over a controversial city trolley garage built in Coconut Grove’s historic black neighborhood without consulting residents may get settled by the Coral Gables City Commission on Tuesday. The commission will consider approving a settlement that would have a developer build a trolley depot underneath a proposed high-rise condominium project at 301 Altara Ave., near the Village of Merrick Park. The developer, Henry Torres, is the president of the parent company of the trolley company, Astor Trolley, LLC. It would mean the city’s trolley system would never use the facility in the 3300 block of Douglas Road in the West Grove — a trolley garage built in the Grove, which is part of Miami, to be used by the Gables. This outraged neighbors who didn’t know about the garage because a public hearing was never held.       This led to lawsuits, and federal investigators found that Miami-Dade County and the cities of Miami and Coral Gables violated the landmark Civi

A team of developers has announced the 330-unit ION East Edgewater condominium project in Miami. SAKOR Development and Encore Housing Opportunity Fund are building the 36-story tower at 2701 Biscayne Boulevard. Pre-construction prices start in the low $300,000s. The units will be one to three bedrooms, plus six two-story town homes. ION East Edgewater is slated to break ground in the fourth quarter and be completed in late 2016. It was designed by Arquitectonica and Hirsch Bedner Associates. SAKOR Development is headed by Barbara Salk and Stephen Kornfeld . The project will include a 75-foot heated lap pool, a Jacuzzi, a pool-side cinema, private cabanas, an outdoor kitchen, a hammock garden, a fire pit, a bocce court and a fitness center. There will be a separate 20,000-square-foot building on Biscayne Boulevard with restaurant and retail space. by south florida business journal

WASHINGTON (May 22, 2014) – Existing-home sales increased for the first time this year in April, while inventory meaningfully increased and home price growth moderated, according to the National Association of Realtors® . Monthly sales gains in the West and South offset a modest decline in the Midwest while the Northeast was unchanged. Total existing-home sales 1 , which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, rose 1.3 percent to a seasonally adjusted annual rate of 4.65 million in April from 4.59 million in March, but are 6.8 percent below the 4.99 million-unit level in April 2013. Lawrence Yun , NAR chief economist, expected the improvement. “Some growth was inevitable after sub-par housing activity in the first quarter, but improved inventory is expanding choices and sales should generally trend upward from this point,” he said. “Annual home sales, however, due to a sluggish first quarter, will likely be lower than last ye

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As the temperature begins to rise, so do the numbers on our electric bill. Greater energy output = greater dollar output. It's a frustrating reality of summer. But there are a few tips and tricks that can help you keep your energy usage - and costs - down. Take care of the air The air conditioner, that is. This energy sucker can account for as much as 50 percent of your electric bill in the summer, according to Woman's Day . Setting and maintaining it correctly can help. "An air conditioner set at 70 degrees can cost twice as much to operate as one set at 78 degrees," said Houselogic . Setting it for a higher temp when you're out of the house is a given for keeping costs down. But turning it off altogether may backfire. "It's less efficient to cool the house back down than to leave it set at a higher temperature." If you don't have a way to automatically program the temperature (or if it's time for an upgrade), a small investment

Admiral's Port Condo Asking: $339,000 Spacious 2/2 1,693 sqft corner unit on the first floor with wrap around terrace, private entrance and water views. New kitchen cabinets and appliances. Amenities include  pool, sauna, tennis court, fitness center, 24 hr security. Central location on Williams Island Blvd, very close to Aventura Mall, the beach, great restaurants and houses of worship.