12 Feb 2016
2564 SQ + Balconies. PH Corner unit with 180 degrees of unobstructed bay and city views. Impact resistant floor-to-ceiling windows and sliding glass doors that offer breathtaking views. 3 Bedrooms with 3 F-Bath. 3 Balconies, plus Half Bath. Beautiful marble floors throughout the entire unit and custom built out closets. Laundry room with W/D. Open Kitchen with S/S Appliances, Dinning room, Florida room area + Family room. Master Room with his and her closet, shower and jacuzzi. 2 Assigned Parking Spaces. Contact Patrick at patrick@ipfmiami.com or (786) 325-0277 for more details.   FACTS Baths: 3 full, 1 half Built in 2008 HOA Fee: $1,600/mo Cooling: Central Heating: Forced air Laundry: In Unit Parking: Garage - Attached, 2 spaces   FEATURES Barbecue Doorman Patio Pool Porch Waterfront ADDITIONAL FEATURES Amenities: Business Center Amenities: Clubhouse-Clubroom Amenities: Exercise Room Amenities: Community Room Equipment: Fire Alarm Floor Description: Marble Floors Bedroom Description: Master Bedroom Upstairs Master Bathroom Description: Combination Tub & Shower, Dual Sinks, Bidet Valet Parking Covered Parking Security Information: Card Entry Pets Allowed: Yes Open Balcony Unit View: Skyline View Development Name: 1060 BRICKELL AVE APPLIANCES INCLUDED Dishwasher Dryer Microwave Refrigerator Trash compactor Washer ROOM TYPES Dining room Family room Master bath…
27 Mar 2015
The demand for rental apartments in certain areas of Miami is at an all time high. Rates have increased by 45 % over the last 4 years and even with the high prices there is still a high demand. In many cases landlords are receiving numerous offers for the same apartment and therefore paying the asking price is the only way to ensure you don’t miss out.This is one of the key factors that was missing from the last real estate bubble. Many buildings were apparently sold but no lights were seen on the majority of units., this has now all changed.Brickell and Downtown have seen the main surge of people moving into the area and the good news is that they are coming to live and work. This has been triggered by many factors including major new commercial developments that will create more jobs.So if the question is rent or buy? Let us help you find the solution, visit Miami Apartments Guide.
17 Oct 2014

Miami Apartments Guide Featured

Published in Real Estate    Written by
Confuse to find a suitable place at Miami ? Miami Apartments Guide will help you to solve that problem. Miami Apartments Guide recently launches its official website dedicated to serve luxury apartment rentals. Besides helping those of you who wants to find suitable long time rentals in Miami, the site also allows agents and owners to advertise on the site and provides up to date information on all the best properties in the key areas of Miami.The site main focus is on condominiums and apartment complexes.
Miami Dade Retail Plaza near Homestead which built in 2007, could be facing a foreclosure. The property received a $3.9 million mortgage in 2009 from U.S. Century Bank. In March, the Doral-based bank sold the loan, along with 21 others, to Waterfall Olympic Master Fund, a Cayman Islands-based company registered in New York. It was part of the “undercapitalized” bank’s strategy to reduce its level of problem loans.   Waterfall Olympic Master Fund filed a foreclosure lawsuit on July 25 against Royal Gate Center, along with managing members Fernando Salsamendi Jr., Carlos de la Cruz and Ricardo B. Recio. It targets the 35,723-square-foot retail plaza at 15360 S.W. 280 th Street.   Miami attorney Richard Morgan, who represents Waterfall Olympic in the lawsuit, didn’t return a call seeking comment. Tenants in Royal Gate Center include a dry cleaners, a daycare, and a mattress store. It’s on the corner of U.S. 1. Apollo Bank won a $4.1 million foreclosure judgment over a heavy industrial site in Medley. The Miami-based bank obtained the judgment against Medley Properties, along with managing members Walter A. Lista, Walter L. Lista, Marta Lista and Jose Zarraluqui, over a $3 million mortgage, plus interest and fees. The…
04 Aug 2014

PortMiami Tunnel Opens Featured

Published in Real Estate    Written by
After long and long planning and constructions, the PortMiami tunnel is open for traffic. The tunnel originally planned to be opened on last May 19th after it's official opening ceremony, but the equipment issues kept the tunnel closed for another 76 days. Sunday morning, the tunnel finally has it's first official drive. Bouygues Civil Works Florida, the design and build contractor of the tunnel, paid $115,000 every day that the tunnel remained closed after the opening ceremony, eventually racking up $8.74 million in fees. Miami Access Tunnel (MAT) Concessionaire will be paid $350 million once the Florida Department of Transportation gives the tunnel its final acceptance. The concessionaire will also be paid $32.5 million for the next 30 years for operating the tunnel. Planning for the tunnel began in 1982 and construction didn’t begin until 2010. At least 70 percent of the cargo trucks that travel to PortMiami are expected to use the tunnel rather than the previous route through downtown Miami.   Source : Emon Reiser,South Florida Business Journal
Miami's Airport Corporate Center, located immediately west of Miami International Airport, is a prominent business park located minutes away from one of the world's busiest international airport managed by Hines REIT. Now, Hines REIT agreed to sell the Airport Corporate Center in Miami for $132.3 million.   The Houston-based REIT (NYSE: HIRT) disclosed in a U.S. Securities and Exchange Commission filing on July 17 that the 11 buildings and 5.5 acres of developable land were under contract, with a closing date scheduled for September. The pending buyer is CBRE SPUS7 Acquisitions, which is managed by Michael E. Burrichter and Mark Zikakis, both executives with CBRE Global Investors in Los Angeles.   The buyer intends to assume the seller’s $79 million mortgage from John Hancock Life Insurance Co. Hines acquired the property in 2006 for $156.8 million, so this deal would be a 16 percent discount to the purchase price.   The Airport Corporate Center totals over 1.5 million square feet of office and parking garage space, with about 1.02 million square feet leasable. The office park sits on 45 acres along State Road 826.   The properties included in the pending transaction are: 7200 N.W. 19th St., with a 116,885-square-foot…
The operators of Bayside Marketplace and the developer of SkyRise Miami are happy to find that Miami commisioners signed off on 99-year deal to refurbish the rundown retail and entertainment center and build a 1,000-foot observation tower on the bay. The signed off happens last Thursday and it came with a unanimous approval, which came after plenty of hand-wringing over what would happen if the tower isn’t built — follows a move two weeks ago to seek a public vote required for waterfront projects on city land.   Without a deal in place, the referendum would have been meaningless. “We’re ready to make our campaign. We’re ready to convince the voters that this package is the best thing for the city of Miami,” SkyRise developer Jeff Berkowitz told commissioners.   Berkowitz has proposed a $400 million hairpin-shaped tower that would comprise three observation decks, a fine-dining restaurant, a nightclub, a ballroom, a store and three theme-park-style rides. Bayfront would improve and expand the marketplace, which sits on land leased from the city.   To build the privately financed tower and make the renovations, Berkowitz and Bayside need voters to pass an Aug. 26 referendum. And on Thursday they needed the City Commission to…
19 May 2014
Gov. Rick Scott plans to dedicate the tunnel at 10 a.m. Monday, although regular traffic will not be allowed for several more days while workers perform final tests. Chris Hodgkins, vice president of Miami Access Tunnel, said that everything looks okay to go. Miami Access Tunnel, the multinational consortium that built the tunnel and will manage and maintain it for the next three decades. The tunnel’s dedication and subsequent opening to traffic mark the completion of one of the most expensive and elaborate transportation projects in South Florida history. Port of Miami tunnel firstly reached commercial close at June 2009. Shortly afterwards, it receives a go ahead on Oct 2009 and began it's construction on May 2010. And after 4 years of construction, it's finally going to be open today, May 19th, 2014. The Port of Miami Tunnel project is a highly complex project which is being built through a public-private partnership (PPP or P3) that includes the design, build, finance, operation and maintenance of said project. It is a 35-year concession agreement between the Florida Department of Transportation (Owner) and MAT Concessionaire, LLC (Concessionaire), which includes 55 months for design and construction being carried out by Bouygues Civil Works Florida…
08 May 2014
The retired English footballer, David Beckham having a problem to make his dream on building his own stadium at Miami. Sources says that in recent weeks with a vocal alliance including cruise ship operators Royal Caribbean, maritime workers and a number of prominent Miami politicians expressing their opposition publicly about the proposal plan from David Beckham side. Here is more information about the news :   According to Reuters : "The cruise line is spearheading a group called the Miami Seaport Alliance, which has paid for full-page newspaper ads and TV and radio spots opposing Beckham's plans. The alliance says a stadium would threaten the 200,000 jobs generated by the port, which is owned and operated by Miami-Dade County. The port, built on a landfill island close to downtown, calls itself the cruise capital of the world, handling more than 4 million passengers in 2013. Formally known as PortMiami, it is also a large cargo container facility. A soccer stadium at PortMiami is downright nutty, according to one ad by the alliance. We cannot jeopardize well-paying jobs, like crane operators, longshore workers, and mechanics, for low-paying stadium jobs, such as concession sales, it adds. Royal Caribbean said in a statement on Friday…
If a company posting to Asia is on the cards, be forewarned, rental accommodation in the region's major cities is among the world's most expensive.   Despite a recent softening in rental prices, Hong Kong remains the priciest location to lease a three-bedroom apartment globally, according to a ranking published by human resources consultancy ECA International on Thursday.   An unfurnished three-bedroom apartment in a sought-after area averages US$11,440 per month - a one percent decline from last year but double that of Singapore where an equivalent property would cost around $5,630 per month.   With a high population density and a constrained property supply, average rents in the territory have long been above other high-profile cities.   After Hong Kong, Moscow, Caracas, New York and London ranked 2nd through 5th, respectively. The accommodation survey by ECA looks at 180 locations across the world common for international assignees   Asian cities dominate top 10 Four Asian cities occupied the top ten most expensive locations, with Tokyo, Singapore and Shanghai ranking 7th, 8th and 9th, respectively.   In Tokyo, rents have increased by approximately 6 percent over the last twelve months when measured in local currency, as confidence returned to the…
06 Mar 2014
Wealthy Chinese will pour A$44 billion (US$39.4 billion) into Australian real estate over the next seven years, potentially pushing prices in one of the world's most expensive housing markets even higher, a study said on Wednesday.   Investment bank Credit Suisse used data from the Foreign Investment Review Board and other government agencies to estimate the amount of Chinese investment in Australian residential property at more than A$5 billion a year.   "They purchased A$24 billion of Australian housing over the past seven years; we forecast they will purchase A$44 billion over the next seven, to 2020," it said.   As the Asian powerhouse becomes richer, the ranks of those who could easily afford Australian real estate will swell beyond the current 1.1 million people, with implications for Australian home-buyers, it said.   "While Australia has some of the most unaffordable housing in the world, further strong Chinese demand can push prices even higher," it said.   "A generation of Australians are being priced out of the property market. Many face a lifetime of renting." Australia has one of the most expensive real estate markets in the world on a house price to income ratio, while median house prices in…
06 Mar 2014
National carrier Aeroflot plans to sell prestigious overseas real estate that it acquired during the Soviet period, according to a news report. Property designated for sale includes office space, apartment buildings and hotels, a list on the state procurement website shows. The total value of the real estate is not yet known, said Vladimir Sergunin, the director of business development at Colliers International, Vedomosti reported. Aeroflot acquired the properties — some of which are centrally located in European capitals — during the Soviet period, when it was trying to promote its image abroad, an airline spokesman said. The largest property for sale is a 4,700-square-meter complex in Tomisato, Japan, worth about $38 million, said the manager of a company that participates in Aeroflot tenders. The carrier has sold several foreign properties in recent years, including a 1,422-square-meter complex in Nicosia, Cyprus and a 295-square-meter property in Amsterdam, an office in Panama and a residence in Montreal. Aeroflot is also looking to get rid of some overseas properties it rents, which are frequently located in expensive central locations, and in some cases were never rebranded from the carriers’ Soviet era logo — which can serve as a negative advertisement for the…
04 Mar 2014
The most Top 10 Expensive Houses in the World in 2013 are as under mentioned.   10. Toprak Mansion London, England Toprak Mansion sold for a record £50m A palatial home complete with a Turkish bath for 20 people has been sold for £50 million, breaking the record for the most expensive new-build house in Britain, which was recently set by a nearby property. Toprak Mansion in Bishops Avenue, Hampstead, boasts seven bedrooms, seven kitchens, an 80ft salon, a swimming pool and a two acre garden.     The new owner, who does not want to be identified, is planning to spend £30m "improving" the home, and installing a beauty salon, spa, and 35-seat cinema.The property was originally built by Turkish businessman Halis Toprak.   However, it is thought he only lived in it for two days. Other features of the mansion include a Turkish bath for 20 people, a glass lift, and a swimming pool with a glass bridge, and following the improvements will also include a squash court.   Trevor Abrahmsohn, of Glentree Estates, which sold the property, said: "It just shows you that the market is as strong as ever at the top end."The owner, believed to…

 

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