Robert Mullen has raised almost $1 billion to buy distressed single-family houses across the U.S. to rent. He intends to join other financial giants in taking advantage of a 29% dip in home prices since the 2006 peak and more demand for rentals for Americans who are not yet able to buy homes. Fundamental REO, […]
Tag Archives: home buying
‘Transformation’ in South Florida housing market is sustainable, Metrostudy economist says
A complete transformation has happened. Two years ago, buyers were holding back since prices were still falling, and now there is earnestness to buy. As South Florida’s housing inventory diminish, it ignites a bidding war among builders and a quick rise in construction costs and home prices.
200 East sees $14.5M in sales
200 East, a luxury condo in Boca Raton, now could identify resales totaling almost $14.55 million or 14 sales since November last year. This brings the building tenancy to almost 90% complete. There is now only a remainder of 5 units in the 115-unit building.
New Bay Harbor Islands condo development to premiere next month
Riva Bay Harbor, a 25-unit project located at 9400 West Bay Harbor Drive, will be the latest waterfront development in Bay Harbor Islands that will premier next month. The condo will present a fitness center, a roof-top pool, and interiors designed by Sam Robin. The building will vary from three to four bedroom units that […]
Las Olas Grand unit sets sales record
A four-bedroom unit in Las Olas Grand building, located in Fort Lauderdale, has been sold for almost $609.61 per sq ft., or a total of $2.6 million. This is a 4.265 sq ft condo, unit no. 3501, featuring a master suite with two walk-in closets, four parking spaces, four-and-a-half bathrooms, three balconies, a home theater […]
Orchid Grove townhomes trade in $11M deal
54 townhomes in the Orchid Grove in Pompano Beach has been sold by CBRE (who represented the seller) to 1370 S. Ocean LLC for $11 million. Buildings that can be seen at 649 Cypress Road were sold for almost $94 per sq. ft., or $203,704 in total. Investors had been drawn down to South Florida […]
Miami coastal condo prices up 30 percent; sales activity highest since 2006
The average sales price of condominiums in Miami raised 30.1% total sales activity in the fourth quarter, reaching the highest level since 2006. Miami’s single-family market with the most activity with 22.8% jump sales to 2,028 in total, while condo sales activity rise 9% to 3,178. Total of 5,206 units bought in the final three […]