Dolphins’ Jay Cutler wants a beachy vibe, will likely rent a condo on the ocean: sources

Wednesday Aug 9th, 2017


Jay Cutler, who just signed a one-year, $10 million contract with the Miami Dolphins, wants a beachy vibe during his stay in South Florida. The quarterback will likely rent a condo on the beach in Fort Lauderdale, Hollywood or Hallandale Beach, according to a broker familiar with his search. Cutler is looking for a three-bedroom furnished unit with ample space for his wife, actress and designer Kristin Cavallari, and their three children to visit on the weekends, according to the source,... [read more]

Two Orlando-area rental properties sell for $32 million

Tuesday May 30th, 2017


Tampa-based apartment investment firm Avesta paid $32 million for two Orlando-area rental apartment properties with a total of 354 units. Avesta merged the operations of the two properties in the Altamonte Springs suburb of Orlando, Altamonte Villas and Palms at Altamonte, and rebranded them as East Pointe at Altamonte. The Tampa firm also has started a $5 million renovation of the merged rental property, located near Uptown Altamonte and an outdoor event venue called Cranes Roost... [read more]

Condo values catching up to single-family homes

Friday Apr 21st, 2017


  It’s a real estate question that historically has had an easy answer: Do single-family detached homes appreciate in value faster than condominiums? The standard answer has been: Of course single-family homes appreciate faster. They are what most Americans prefer to live in, so there’s stronger demand. They come with their own piece of land — and we all know that land is a crucial driver of value. Condos, on the other hand, tend to be smaller on average in... [read more]

South Florida sellers adjust to residential market sales in first quarter of 2017: Elliman reports

Thursday Apr 20th, 2017


Though the residential slowdown continues in South Florida, sellers may finally be adjusting to market conditions by lowering their prices. Residential properties sold for bigger discounts during the first quarter compared to the same period of last year in Miami Beach, continuing a trend from the fourth quarter of 2016, according to newly released reports from Douglas Elliman. And in Miami, inventory fell by nearly 20 percent. “Sellers being more connected to market... [read more]

Four Seasons at The Surf Club condo sells for $9.3M

Wednesday Apr 19th, 2017


A Florida company paid $9.3 million for a condo at the newly completed Four Seasons Residences at The Surf Club in Surfside, property records show. Nikki Investment Corp., a company that lists an Aventura address, bought unit 521 in the north tower of the Four Seasons, which is the first of the project’s two residential towers to receive its temporary certificate of occupancy. The Aventura address is tied to Francesca and Glenn Halpryn. Francesca Halpryn, an agent with One... [read more]