Although tens of thousands of condominiums and rental properties are in the pipeline, the Miami area is still experiencing inventory shortgages, Carlos Rosso, the head of condo development at the Related Group, said on WLRN’s Sunshine Economy. Miami is still having inventory shortages despite the condominiums and rental properties ongoing. This is according to […]
The profit for 2012, as Fannie Mae posted, is $17.2 billion. This marks the government-sponsored mortgage backer’s first yearlyincome since 2006 and its largest-ever yearly revenue. The reason for this is due to the overall improving economy, low interest rates and an improving housing market and declines in foreclosures.
A new 133-room hotel will be co-owned by Sam Nazrian (a Los Angeles nightclub entrepreneur) and Jorge Perez (developers of the Related Group). It is going to cost $300 million SLS Brickell-brand condo-hotel to rise in Miami. Location will be at 1300 South Miami Avenue and is anticipated to open at 2015. Cost per square […]
The renovation of Miami National Bank Building also known as Langford building located at downtown Miami into the Langford hotel will start with $6 million initially according to to Stambul USA which is the one reconstructing the building. The 130-room hotel will be located at 121 SE streets. They believe this will help with the improvement of […]
Mr. Jorge Perez is a known billionaire real estate developer and an art collector in Florida. He has a lot of condo-tower projects over the past few decades that have changed Miami. For decades, his taste in art and architecture were largely influenced by his history. He prefers Latin American paintings and sculptures. In fact, […]