Monthly Archives: October 2012

As Miami-Dade hotel market booms, more players want in.

Miami-Dade is in the throes of a hotel buying-and-building boom. Or, more appropriately, a re-building boom. A birds-eye view atop a Collins Avenue construction site shows the past, present and future of South Beach, set to a symphony of construction noise. The trailblazing Delano, which revitalized the destination in 1995 and is now being marketed […]

South Beach Miami Hotels Continue Attracting Investors in 2012.

MIAMI—The Southeast is reported strong hotel performance in the third quarter—and the political conventions helped the cause. Across the region, Marcus & Millichap reports a large, deep pool of properties hotel properties to select from—and that selection is sustaining considerable investment activity. Hotel property prices are rising. M&M reports three times as many economy hotels […]

Population Growth Rate in Miami ‘Fueling’ Condo Boom says FED.

A “significant” increase in the growth pace of Florida’s population is contributing to the wave of newly proposed condo units – 72 towers with 10,500 units and counting as of Sept. 30, 2012 – slated to be developed in the tricounty South Florida region of Miami-Dade, Broward, and Palm Beach, according to a new report […]

Miami home prices up 11.3% in a year.

Home prices in the Miami area rose 11.3 percent in August from a year earlier, beating a national average gain of 4.6 percent, according to CoreLogic. Excluding distressed sales, home prices in the Greater Miami area, including Miami, Miami Beach and Kendall, rose 9.9 percent in August from a year earlier, the Santa Ana, Calif.-based […]