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Inside SF : Miami-Dade Property Values Expected to Jump 5.2%

Miami-Dade Property Values Expected to Jump 5.2%

From Islander News, the Miami-Dade-Fort Lauderdale-Pompano Beach metro area is expected to see a 5.2% increase in property values over the next year, according to a study by Zillow. This growth is slightly below the national average but is seen as a positive sign. The lack of homes available for sale is supporting this growth. Read more

Jeff Bezos Buys $68 Million House in Florida

Jeff Bezos, the Amazon.com founder, has agreed to pay $68 million for a waterfront mansion in Indian Creek, a man-made barrier island in the Miami area. This acquisition adds to his growing real estate portfolio, which includes properties in Washington, D.C., Beverly Hills, Maui, Manhattan, Seattle, and Texas. - Source: Fortune

U.S. to Crackdown on Real Estate Money Laundering

The U.S. Treasury Department is set to propose a rule that would end anonymous luxury-home purchases, targeting a loophole that has allowed criminals to launder money through real estate. The proposed rule will be open to public and industry feedback and is expected to replace the current patchwork reporting system. - Source: Reuters

Aby Rosen's RFR Realty Proposes Downtown Miami Supertall

Aby Rosen's RFR Realty is proposing a 104-story supertall tower in downtown Miami, marking the seventh supertall proposed for the city. The planned 1,049-foot tower will include 252 hotel keys, 1,074 residential units, and a 1,013-space garage. - Source: The Real Deal

Dream Motor Acquires Four Miami-Dade Properties for $150M

Dream Motor Group has entered South Florida's commercial real estate market with a $150 million acquisition of four properties in Miami-Dade County. The company bought the former police headquarters building in Coral Gables, an auto body repair shop in Cutler Bay, and two Mercedes-Benz dealerships. - Source: The Real Deal

Walker & Dunlop Provides $61M Loan for Plantation Apartments

Walker & Dunlop provided a $61 million acquisition loan for two apartment buildings in Plantation, South Florida. Waterton, a Chicago-based real estate investment firm, secured the loan for the 321-unit property, One Plantation, two months after purchasing it for $88.4 million. - Source: Bisnow



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