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Loophole to the New Treasury Rules for Cash Purchases?

There have been concerns about how the Treasury department’s new anti-money laundering rules will affect cash real estate deals in Miami and NYC. The new procedures will require the buyers who make cash deals over $3MM to be disclosed. This is concerning because many buyers in these markets, especially at this level of real estate, prefer to stay anonymous and make purchases through LLCs. …

New Rule for Cash Real Estate Deals

Many buyers of high priced real estate prefer to stay anonymous in their transactions. This has become especially common practice from foreign investors. However, a new order will require those who invest $1 million or more in cash for Miami real estate to make themselves known on record. The order is meant to avoid money laundering and stop illicit money from entering the market …

Commercial Real Estate is BIG Business

Commercial Real Estate is BIG business in the U.S., but how big is BIG? It can be put into perspective by looking at the many players involved in a commercial real estate deal. Investors – Commercial Real Estate accounts for approximately $15 trillion in tangible investments in the U.S. This figure does not include residential real estate. Lending Institutions & Mortgage brokers- According to …

What Does an Interest Rate Increase Mean for Commercia...

There has been talk for years that interest rates may increase now that the US economy is healthier. However, it looks like the hike on short term rates could very well happen when the Federal Open Market committee meets tomorrow, December 16. The benchmark interest rate has been kept between zero and one-quarter percent since 2008. The low rate was meant to encourage both …

Art Basel is about more than Art

This past week was Miami’s Art Basel. It is not only the world’s largest contemporary art show; it is a pinnacle of Miami culture. It’s one of the events that have positioned Miami an international, cosmopolitan city. Now in it’s 14th year, the event’s influence goes beyond designers and art collectors. It has grown to have influence on the real estate market as well. …

The Miami Real Estate Market Doesn’t Follow All the Ru...

  The US real estate market typically follows a seven year cycle of growth and decline. When the market begins to recover, prices are at the lowest and expansion begins. This eventually causes a peak in supply, and the market begins to recede when demand lessens. The Miami market still experiences these steps, but there are more contributing factors compared to most other US markets. …

Miami’s Residential Market is Strong

Office prices aren’t the only real estate costs increasing in South Florida – the residential market is also seeing growth and rising prices. The average price per square foot has increased 9% YOY, up to $177 for single family homes. The median sale price is up 13.1% compared to last year. When it comes to residential rentals, increases are up 10-11% depending on the …

South Florida Office Space Prices Are Seeing Record Hi...

Prices for Class A office space have been rising in Florida. Miami-Dade county has seen some of the largest increases. Asking prices have averaged $40.75 per square foot, up 5.1% since the peak of the last real estate cycle in 2008. Palm Beach and Broward counties are also seeing increased prices, up 1.6% and 1.2% respectively. Class B office spaces have also seen record …

Foreign Investors in the Miami Real Estate Market

The real estate market goes through cycles, and as discussed in last week’s article, we at Rise Realty believe that Miami is currently healthy in mid-cycle. The market’s health can largely be attributed to foreign investor activity. Despite the rising dollar, foreign money is still flowing into Miami. Keith Darby, Rise Realty President says, “Foreign investors see real estate as a safe place for …

Where in the Real Estate Growth Cycle is Miami?

When investing in Real Estate, most will consider where in the cycle the market is to guide their strategies and decisions. In Miami, most believe that the market is either in mid-cycle or beginning to slow down. The Miami Real Estate market’s health is largely indicated by the rental and condo market. When people are building and buying condos, the market cycle is considered …