Construction has resumed on the major drainage project going on along the Venetian Causeway. There is active construction and barricades on almost every island between mainland Miami and Miami Beach, including San Marco, San Marino, Dilido, San Remo and Belle Isle. Even without construction tra
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07/13/2011
Just a few years ago Fort Lauderdale was overbuilt and oversold with more then 1,000 condo units for sale. Now there are barely 100 condos for sale and no new developments. The Miami trend of foreign investors has made it's way to Fort Lauderdale. Foreign buyers are smart, says CNBC, buying in bu
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07/11/2011
An upscale unit at Apogee South Beach was recently sold to a New York-based investor for $7.35 million at $1,970 per square foot. Unit 1404 was put on the market in February 2010 for $8.99 million but the condo was reduced in November. Apogee South Beach stands 22 stories high and holds 57 luxur
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07/07/2011
The news that the Obama administration is launching a program designed to provide the unemployed with loans to help them avoid foreclosure came as a relief to many in South Florida. The $1 billion Emergency Homeowners' Loan Program will help unemployed homeowners with their mortgage payments by p
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07/05/2011
Luxury Miami condos aren't only good for upscale living; they're also great for parties! Nightclub Nikki Beach was the most recent host for the trend of lavish condo parties, throwing a party for Vizcayne condos in downtown Miami. Formerly the Everglades on the Bay, Vizcayne condos secured a $90
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07/01/2011
It's not uncommon to hear stories of foreigners coming to South Florida and getting a great deal on a second home or investment property. In Miami, Brazilians purchased 9% of homes and apartments sold to international buyers in the 12 months ending March 2010. Since then, there has been a big in
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06/24/2011
In the past 12 months, international homebuyers spent an impressive $41 billion on US homes. Where are these house hunters looking? Florida, of course! Trulia has put together a list of the 24 most popular American cities for international buyers and 10 of the 24 are in Florida. Reportedly, Ca
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06/22/2011
Miami's high-end residential real estate market has shown significant improvement since the beginning of 2011. In the first five months of 2011, there has been an average of 51 condo sales over $1 million per month and 41 home sales over the $1 million mark according to The Real Deal. If this y
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06/16/2011
There is good news for real estate sellers in South Florida. There are nine cities in Miami-Dade and Broward counties where the average home sold for more than the asking price, meaning that the current buyer's market will soon be no more. Not only have the prices for homes been rising, some bu
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06/09/2011
Last July the mckafka Development Group closed on the largest bulk condo deal in Fort Lauderdale at the time for $10.2 million. Impressively, less than a year later the 62 units at Las Olas by the River condos have officially sold out. Most of the 62 units in the seven-story building went to for
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06/08/2011
