December 4, 2013

Sunny in SoFi: Record prices in Miami’s South of Fifth district

New York Post By Michael Kaplan Two decades ago, the most southern tip of Miami Beach, then known as South Pointe, was desolate, downtrodden and overrun by vagrants and drug addicts. Nobody wanted to live in the neighborhood, much less build or invest there. But in the late 1990s, big-name luxury residential high-rises began to…

December 1, 2013

Overseas Money Pours Into Miami Real Estate

MIAMI—Cranes are again rising over this city, as the poster child for the real-estate collapse enjoys a new condominium boom fueled by foreign investors looking to park their money in U.S. real estate. For several years after the housing bubble burst, a glut of towering condo buildings sat largely empty. Condo values plunged nearly 60%…