Archive for the ‘Real Estate News’ Category
Platinum Miami Condo Auction: Why Do Market Fundamentals Still Not Matter?
Sunday, September 23rd, 2007Ok, so everyone is talking about this Platinum auction thing like it is some bellwether of things to come. I did not attend. Reading all the “coverage” on the event was humorous, to say the least. From all accounts, it was the same old feeding-frenzy that has captivated Miami real estate for the last five years. Here is […]
Regent’s Out, Hilton’s In, and What’s Up with The Gansevoort?
Saturday, September 15th, 2007According to the Miami Herald, the Regent Hotel has left as operator of the new hotel at 1458 Ocean Drive in South Beach. The new hotel operator is Vincci, a Spain-based hotel chain. The 80–unit property opened nine months ago were sold as condominium hotels. If I were a owner of a unit, I would be pretty annoyed. […]
Apogee South Beach Luxury Condo- Update-August 28, 2007
Tuesday, August 28th, 2007I hear that Apogee is to be delivered before the end of the year. I know a lot of readers have been asking me about construction updates so here it is! What was even more fun was that I went out to check out the $12M penthouse at Murano at Portofino for a client and […]
Luxury Property Fire Sale in Key Biscayne; Scarface Home on Market for $38.5M
Friday, August 24th, 2007It seems that Key Biscayne hedge fund manager John Devaney, CEO of United Capital made a bad decision by investing in the mortage market right before it collapsed. According to TheStreet.com, Devaney put “…one of his most prized possessions-a 142–foot Trinity yacht dubbed Positive Carry— up for sale along with his $16.5 million second-home in Aspen, CO. […]
