Miami Real Estate news

Will Miami be the next American tourist city to have mega casinos? The short answer – not yet. Since 1978, various casino ventures have tried to promote casino tourism in Miami. So far, all efforts have fallen short. Malaysian casino operator Genting Group purchased the downtown Miami Herald Building for $236 million last May. Including the Miami Herald purchase, Genting has invested nearly $500 million in Miami real estate in recent years. Read more ...

Europe’s debt crisis and the political logjam in Washington are creating uncertainties that will continue to weigh on the economy this year, a panel of two economists and a former U.S. senator said in Fort Lauderdale on Wednesday. Read more ...

At the close of 2011, Florida’s existing home and condominium markets reported higher sales compared to the previous year, according to the latest housing data released by Florida Realtors®. It was the third consecutive year for statewide home and condo sales activity to end the year on a positive upswing – higher year-over-year sales also were reported at the close of 2010 and 2009, records show. Read more ...

An investigative report in The Miami Herald newspaper this week has reported that Florida, which currently accounts for a third of all the “foreign-backed property transactions” in the USA and is the country’s “number one state for international residential real estate sales,” is losing out on large of amounts of property tax revenues as deals increasingly go through in cash and the buyers concerned register themselves offshore. Read more ...

Consumer confidence among Floridians rose three points to 69 in December, the highest rank in the past nine months, according to a University of Florida .. survey. Read more ...

In South Florida’s turbulent real estate market, 2011 was a year marked by competing and contradictory trends. Read more ...

A good sign for real estate in South Florida as the year comes to an end: Sales of both existing single-family homes and condominium units in the region’s major urban centers were mostly up in November, with West Palm Beach-Boca Raton leading the charge. Read more ...

Many tout the U.S. as the Roman empire of the modern world.
But as it turns out, that comparison may not be all good. Income inequality in America is at levels even higher than those in ancient Rome, according to a recent study from two historians, Walter Schiedel and Steven Friesen, cited by Per Square Mile. Read more ...

German luxury car group Porsche is working on a plan to put its brand on a new 57-storey-high, $560 million drive-in apartment tower at Sunny Isles Beach, Florida, which will allow residents to use car elevators that will whisk them straight from the road to their front door without getting out of their cars. Read more ...

MIAMI — This city has worn many tags through the decades: It has been a place to honeymoon and retire, to buy cocaine and dodge bullets, to sample Little Havana and party all night. But art was never high on the to-do list Read more ...