News About Properties

News about properties and real estate
July 19th, 2016

Tampa launches $35 million redevelopment of Riverfront Park [Central Florida]

Monday wasn’t the first time Tampa has tried to do something bold and visionary and transformative at the 23 acres of Julian B. Lane Riverfront Park.

But at $35.5 million, City Hall has never put this kind of money into the effort.

“This park is not cheap,” Mayor Bob Buckhorn said at a mid-morning ceremony to kick of 18 months of construction at the park, which is just across the Hillsborough River from the David A. Straz Jr. Center for the Performing Arts. “But I think we also understand as a community the value of parks in our city. They are the common ground.”

It’s the biggest city project in West Tampa in decades, one that’s aimed at creating an urban park as active and popular as Water Works and Curtis Hixon Waterfront parks.

via Tampa launches $35 million redevelopment of Riverfront Park [Central Florida].

July 19th, 2016

Kolter building three-story townhomes in Boca Raton [South Florida]

The Kolter Group is finishing the first batch of three-story townhomes in a new gated development in Boca Raton.Kolter said 30 units at Moderne Boca will be ready by late August, and the developer hopes to have 15 to 20 contracts in place by then.

Kolter plans to start sales of the remaining 45 units in the fall, with the entire project due to be complete by the end of 2017.The two- and three-bedroom townhomes range from 2,128 to 2,794 square feet, and prices range from $589,000 to $849,000. The community, which will include a swimming pool and fitness center, is at Spanish River Boulevard and Military Trail.

via Kolter building three-story townhomes in Boca Raton .

April 7th, 2016

Kevin Maloney’s PMG is Building Empires in New York and South Florida

A little more than two years ago, Kevin Maloney, the founder and principal of Property Markets Group, was talking about a possible partnership with a wealthy Emerati named Khadem al-Qubaisi who had flown in to New York for a meeting.

Midway through their discussion, it came up that Mr. Maloney’s new friend needed an apartment in the city.

Mr. Maloney was better equipped than most to accommodate; he was in the middle of selling Walker Tower, one of the premier new developments in Gotham. And, as it so happened, Walker Tower had a pretty spectacular penthouse on the market.

via Kevin Maloney’s PMG is Building Empires in New York and South Florida.

April 7th, 2016

Broward County’s Robust Condo Market

Don’t look now, but Hallandale Beach Mayor Joy F. Cooper has designs on making her city another Miami Beach. There’s a bit of exaggeration in that statement, of course, but not much.For starters, in the 10 years since she took office, the median age in Hallandale Beach city has declined from 70-plus to the mid-40s. That’s certainly a good sign for future growth.

Another shift in the sands has taken place — one far from the mayor’s region but with a very real local impact. International currencies aren’t stretching as far. Consider that in less than a decade, the Argentine and Venezuelan currencies have lost about half their values compared to the U.S. dollar. The Brazilian real has dropped, too.

via Broward County’s Robust Condo Market.

March 7th, 2016

Miami Beach is Finally Getting the One Thing It’s Missing: A Hotel at the Miami Beach Convention Center

Talk to any resident or visitor and they’ll tell you that Miami Beach has it all: sun, sand, and salsa—not to mention world-class cuisine, shopping, and entertainment. What tourist hasn’t considered delaying his or her flight home to stick around in paradise just one more day? But to government officials and the local tourism industry, Miami Beach needs one additional thing to complete the perfect picture: a convention center hotel.

Last year, the Miami Beach City Commission unanimously agreed to move forward with a $596 million project to expand and renovate the Miami Beach Convention Center. The location of Art Basel in Miami Beach and Maison&Objet Americas, the convention center is home to some of the region’s largest tourism draws.

via Miami Beach is Finally Getting the One Thing It’s Missing: A Hotel at the Miami Beach Convention Center

March 7th, 2016

From a veteran appraiser, an assessment of Tampa Bay’s housing market

In real estate transactions, the most visible players are the agents representing buyers and sellers. But it is the work of appraisers that helps determine the true value of a home and what a bank is willing to lend.

Joni Herndon of Tampa has been a state-certified residential appraiser since 1985, maintaining a strong reputation in a field that got a black eye as a result of appraisal practices that contributed to the housing bubble and crash. From 2006 to 2013, Herndon was a member of the Florida Real Estate Appraisal Board and served as its chair in 2008, 2009 and 2013.

An Army brat, Herndon was born in Anchorage, Ala., but grew up in Tampa and graduated from the University of Florida. She owns Real Property Analysts/Gulf Coast, which has four appraisers including herself.

via From a veteran appraiser, an assessment of Tampa Bay’s housing market | Tampa Bay Times.

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