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Housing Trust Group nabs financing for $36M affordable rental project in south Dade

Thursday Aug 10th, 2017

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Coconut Grove-based Housing Trust Group closed on construction financing for a $36 million affordable housing development in south Miami-Dade. HTG plans to break ground on the 150-unit project at 13105 Southwest 248th Street in Princeton later this month, according to a press release. The developer will build Princeton Park using 9 percent low-income housing tax credits from Florida Housing Financing Corporation, $23.7 million from National Equity Fund and SunTrust, a $3.5 million loan... [read more]

Wynwood is getting a new brewery with a Latin twist.

Monday Aug 14th, 2017

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There can never be too many good breweries, and now Wynwood is adding another. Introducing the new kid on the block: Veza Sur Brewing, which is set to open Aug. 19 at 55 NW 25th St. The trio opening the spot, Berny Silberwasser of Bogota Beer Company and Chris and Jeremy Cox of 10 Barrel Brewing Co. in Oregon, absolutely fell in love with the neighborhood. “We toured all around Miami, and there are a lot of great neighborhoods, but we really fell in love with the vibrant... [read more]

Ex-NFLer to list $18.5M waterfront Miami mansion

Thursday Aug 17th, 2017

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Former NFL linebacker and Super Bowl champ Jonathan Vilma — now an ESPN TV personality — is about to list his modern waterfront home at 17 Tahiti Beach Island Road in Coral Gables, Fla. for $18.5 million. The five-bedroom property measures 8,000 square feet. Recently built, it comes with 161 feet on Biscayne Bay. The home boasts 12-foot ceilings, floor-to-ceiling windows, an elevator, a chef’s kitchen, a home theater, and a three-car garage that can hold up to... [read more]

Miami home prices increase 5% in June, year-over-year, lagging national average: S&P CoreLogic Case-Shiller

Tuesday Aug 29th, 2017

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Miami home prices rose 5 percent in June, year-over-year, marking the fifth lowest increase nationwide, according to the latest S&P CoreLogic Case-Shiller Index. The newly released report, which tracks 20 major metropolitan areas in the country, shows home prices in Miami increased by just 0.4 percent from May to June. From April to May, Miami home prices increased by 0.8 percent, ranking as the 13th highest increase among the top 20 cities. Nationwide, home prices rose 5.7... [read more]

Here’s how much you need to make to buy a house in Miami

Tuesday Sep 5th, 2017

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As home prices continue rising in South Florida, so does the minimum salary needed to afford a house. In Miami, the income needed to buy a median-priced home rose to nearly $72,000, according to a report from HSH.com. July marked the 68th consecutive month that single-family home prices have risen in Miami-Dade. The median price of a single-family home in Miami-Dade rose 12 percent annually in July to $335,000, according to the Miami Association of Realtors. HSH, a mortgage and... [read more]

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