April 2, 2022
Office vacancy rates are climbing in major markets across the country, with growing signs of distress in loans backed by office buildings, nationwide have risen from 9.7% to 12.2% over the past two years
The Miami and Tampa areas had among the nation’s largest increases in home prices in January when compared to a year earlier, according to a report released Tuesday.
The Miami area saw a 28.1% year-over-year gain in home prices, while the Tampa metropolitan area had a 30.8% increase.
Only the Phoenix area, with a 32.6% increase, had a larger year-over-year jump than Tampa and Miami.
The annual gain in January for the 20 markets was 19.2%. Check the report
Lennar pays $25M for dev site near Pinecrest the land was slated for a 54 townhouse and single-family home luxury project.
Lennar, , bought the 433,422-square-foot lot at 8290 Southwest 120th Street in an off-market deal, according to a press release. The seller is Sabal Development.
Aria Reserve Miami the waterfront development’s first 383-unit tower is slated to be completed by summer 2024.
The new project stands out with over 5 acres of waterfront reserve in Miami’s urban care.
Situated on five acres of Biscayne Bay waterfront land in Miami’s Edgewater enclave, has now pre-sold more than 90% of its 383-residence South Tower since its summer 2021 sales launch. The north tower sales started this week. Aria Reserve’s 62-story dual towers will mark the tallest waterfront residential development in the United States.
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Fort Lauderdale Beach ranked No. 18 best beach in the U.S., according to Traveler’s Choice Awards for 2022.