Inside Pharrell Williams and David Grutman’s New Miami Hotel

In the height of Miami’s most notorious party scene in the early ’90s, Washington Avenue was the place to be. Flanked by some of the most iconic nightclub destinations including Cameo, Mansion, Liquid and Bash, the historic street lent itself to overindulgence, debauchery and celebrities galore including everyone from Madonna to Diddy, Leonardo DiCaprio and more. Anyone who was anyone wanted to be partying the night away along Washington Avenue—otherwise, were you really in Miami? Fast-forward to the late

Source: Inside Pharrell Williams and David Grutman’s New Miami Hotel

Net Lease Assets Buoy Real Estate Investors

The pandemic has turned the commercial real estate world upside-down. Large, trophy assets like condo and office towers have seen a decline in investor interest and therefor value. At the same time, some of the smallest assets into its heaviest hitters. While practically every commercial sector suffers, single tenant triple net leases (STNL) are riding the strongest fundamentals in years. Much of what we now consider essential retail happens inside these often stand-alone storefronts, turning net lease REIT

Source: Net Lease Assets Buoy Real Estate Investors

How to Determine Whether to Refinance Your Mortgage?

Mortgage rates are rising. But there’s still time to refinance your mortgage if you haven’t done so already, according to Dana Anspach, CFP®, RMA®, president and founder of Sensible Money. How might you go about deciding whether to refinance and which mortgage to choose? At Sensible Money, the process starts with establishing your goals. Are you trying to maximize your current cash flow with the refinance, or become debt-free faster, or maximize your long-term wealth?

Source: How to Determine Whether to Refinance Your Mortgage?

Loan Reg Protection is in Place for Reverse Mortgage Borrowers 

Financial considerations are often a focus of marketing campaigns, and those considerations are addressed even more now, during the COVID-19 pandemic, as personal economics are taking a hit for many Americans. While most ads today seem to be targeted to the 18-49 demographic, Boomers are the essential target for most ads regarding reverse mortgages as an instrument to consider when planning financial security, or to pay off debt, lower monthly payments or a variety of other uses.

Source: Loan Reg Protection is in Place for Reverse Mortgage Borrowers

Meet ‘The One:’ World’s Largest Home For Sale in Los Angeles

Hidden away atop a hill in Bel Air sits the world’s largest home. Surrounded on three sides by a moat, this record-breaking, modern-day castle floats above the city, overlooking Los Angeles.

The hilltop home, appropriately titled “The One,” makes its mark as the most expensive home in the United States, listed at the current asking price of $340 million. According to Architectural Digest, the recently-completed 105,000-square-foot property, includes 42 bathrooms, 21 bedrooms and a 5,500-square-foot master

Source: Meet ‘The One:’ World’s Largest Home For Sale in Los Angeles

EDGE District hotel is dead, but a new proposal has emerged 

Back in October 2018, St. Pete Rising broke the news about an 11-story Marriott Tribute hotel that was to be built in the EDGE District at the corner of 11th Street and 1st Avenue North.

The 135-key hotel was proposed by Michigan-based DevMar Development, whose first residential project in St. Pete, Vantage, began move-in’s in May 2020. DevMar Development closed on the hotel site in January 2020 for $3 million. But unfortunately, due to COVID-19, hotel financing has all but dried up. As a result, DevMar ha

Source: EDGE District hotel is dead, but a new proposal has emerged — St. Pete Rising