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Change in credit reporting could affect home buyers

Posted by on Apr 18, 2017 in Blog, Miami News, Premier Magazine | 0 comments

Change in credit reporting could affect home buyers

WASHINGTON – It could be a boon for some home buyers — their credit scores will get a surprise boost — but worrisome for mortgage lenders, landlords and others who depend on credit reports to evaluate their potential customers. In a little-known policy shift, the three national credit bureaus — Equifax, Experian and TransUnion — plan to stop collecting and reporting substantial amounts of civil judgment and tax lien information on public records affecting millions of American consumers starting July 1. Both types of information have...

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Rising rates luring foreign investors to the US

Posted by on Apr 17, 2017 in Blog, Miami News, Premier Magazine | 0 comments

Rising rates luring foreign investors to the US

From TRD New York: When the Federal Reserve raised interest rates in March for the second time in three months, it signaled that the nine-year stimulus campaign launched during the financial crisis was nearing an end. Overseas, however, “lower for longer” remains the reality, with low or even negative interest rates expected to continue in countries like Germany and Japan. Even amidst uncertainty created by the Trump administration’s foreign policy, with yields in their own countries low, some foreign investors are gearing up to spend more on...

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Panorama Tower, Florida’s tallest building, tops off in Miami’s Brickell

Posted by on Apr 16, 2017 in Blog, Miami News, Premier Magazine | 0 comments

Panorama Tower, Florida’s tallest building, tops off in Miami’s Brickell

South Florida has just reached new heights, adding to its skyline the tallest building in Florida and the tallest residential project south of Manhattan. Looking over downtown Miami’s Brickell Avenue at 85 stories, Panorama Tower includes 821 rental units served by 45,000 square feet of amenities; 208 hotel rooms by Hyatt Centric; 100,000 square feet of office space; and high-end retail outlets and restaurant space spanning about 50,000 square feet. The entire project, built by developer Tibor Hollo’s Florida East Coast Realty, is expected to...

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The Hottest Restaurants in Miami Right Now, April 2017

Posted by on Apr 15, 2017 in Blog, Miami News, Premier Magazine | 0 comments

The Hottest Restaurants in Miami Right Now, April 2017

More often than not, tipsters, readers, friends and family of Eater have one question: Where should I eat right now? And while the Eater 38 is a crucial resource covering old standbys and neighborhood essentials across the city, it’s not a chronicle of the ‘it’ places of the moment. Thus, we offer the Eater Heatmap, which will change continually to always highlight where the foodie crowds are flocking to at the moment. The qualifications for the the map is the restaurant has been around for less than 6 months and is serving...

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Miami has a lot to gain from the introduction of self-driving cars

Posted by on Apr 14, 2017 in Blog, Miami News, Premier Magazine | 0 comments

Miami has a lot to gain from the introduction of self-driving cars

Many cities are considering it, but benefits aren’t guaranteed. Click Here to read more.

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The biggest hurdle to buying a house in Miami? Coming up with the down payment

Posted by on Apr 13, 2017 in Blog, Miami News, Premier Magazine | 0 comments

The biggest hurdle to buying a house in Miami? Coming up with the down payment

A new survey of aspiring home owners around the U.S. confirms what Miami renters already know: Rents are so high, there’s not enough money left over to save up for a down payment. According to the first Zillow Housing Aspiration Report (ZHAR), a new semi-annual survey of 10,000 renters from 20 major metro markets across the country, 67.9 percent of people in the U.S. say coming up with a down payment is the main reason keeping them from buying a home. In Miami, 64.7 percent of respondents cited the same problem. Qualifying for a mortgage was...

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Lincoln Road-area food hall slated to open fall 2018

Posted by on Apr 12, 2017 in Blog, Miami News, Premier Magazine | 0 comments

Lincoln Road-area food hall slated to open fall 2018

Miami Beach-based Terranova Corp. aims to build a 9,600-square-foot food hall at the intersection of Meridian Avenue and North Lincoln Lane near the Lincoln Road mall. The Lincoln Eatery is slated to debut at 723 Lincoln Lane in Miami Beach in the same building as Marshall’s. Terranova is placing this project in what it calls the next “it” neighborhood in Miami-Dade County, the NoLi District, which would run parallel to Lincoln Road. The Lincoln Eatery is slated to debut in fall of 2018. Click Here to read...

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Business Journal expands map of downtown Miami development

Posted by on Apr 11, 2017 in Blog, Miami News, Premier Magazine | 0 comments

Business Journal expands map of downtown Miami development

This week’s real estate news. When providing visitors a tour of Miami, it’s fun for locals to point out all the construction cranes and run off all the projects under construction. But there are so many buildings sprouting out of the ground that it’s hard to keep track of them all. Now the Business Journal has you covered with our new Crane Watch feature. This interactive online map shows where new projects, both under construction and proposed, are located and provides information about the developer and the building’s features....

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30 Luxury Home Design Trends luxury buyers now want!!

Posted by on Apr 10, 2017 in Blog, Miami News, Premier Magazine | 0 comments

30 Luxury Home Design Trends luxury buyers now want!!

What high-end homebuyers seek, and sellers should consider Luxury buyers look for anything but cookie-cutter, while convenience, style and recreation opportunities make the top of their wish list. A ranch-style featuring a designer kitchen, blended living space and mixed-metal trimmings — such a house would embody 2017 luxury, so long as it was also decked out in smart home technology. That’s according to twin brothers Jonathan and Drew Scott, co-founders of Scott Brothers Entertainment and Scott Living. The duo and HGTV hosts — real estate...

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Bal Harbour Shops sweetens offer to village in drive for expansion

Posted by on Apr 9, 2017 in Blog, Miami News, Premier Magazine | 0 comments

Bal Harbour Shops sweetens offer to village in drive for expansion

The owner of the Bal Harbour Shops has modified its $400 million expansion plans to provide benefits for the village of Bal Harbour, including the construction of public buildings and donated land. Whitman Family Development said its proposed development agreement would provide more than $100 million in benefits to the village. In exchange, it wants approval to expand the mall by 340,387 square feet on its current footprint. The Bal Harbour Shops already totals 463,477 square feet, so this would be a major expansion. The developer would add a...

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New Brightline train arrives in South Florida

Posted by on Apr 8, 2017 in Blog, Miami News, Premier Magazine | 0 comments

New Brightline train arrives in South Florida

The company behind Miami-to-Orlando passenger train Brightline has a new milestone under its belt, with the second of five trains arriving in South Florida this week ahead of the project’s local debut this summer. Trainset “BrightPink” embarked on its 3,000-mile journey from Siemens’ Sacramento, California facility to Brightline’s railroad operations center in West Palm Beach on Friday. As of today, about 80 percent of the rail infrastructure improvements on the corridor between West Palm Beach and Miami are complete, said All Aboard Florida,...

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American Dream Miami Mega-Mall Plans ready in 2022

Posted by on Apr 7, 2017 in Blog, Miami News, Premier Magazine | 0 comments

American Dream Miami Mega-Mall Plans ready in 2022

  The state of Florida is moving forward with a standard 30-day review of American Dream Miami, which means plans for the mega-mall are heading to a final vote by June. A regional planning board, the South Florida Regional Planning Council, will meet again on Friday to provide its input on the 6.2 million-square-foot development planned for Northwest Miami-Dade. The board, made up of elected officials from Broward, Miami-Dade and Monroe counties, rejected a staff request on Monday to label the project “generally consistent” with local...

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Jungle Island complete makeover and renderings

Posted by on Apr 6, 2017 in Blog, Miami News, Premier Magazine | 0 comments

Jungle Island complete makeover and renderings

Jungle Island $60 million sale that will bring lagoon, zip lines and complete makeover New rendering of Jungle Island shows some of the new features coming to the park after a two-year renovation, including a zip line and lagoon. Take everything you remember about Jungle Island. Keep the colorful birds and that iconic spot on Watson Island. Now throw the rest away. In a new rendering released Wednesday after the park closed a $60 million deal with its new owners, Jungle Island is completely unrecognizable. The 18-acre park, formally Parrot...

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Americas-Asia trade center in Miami’s Wynwood

Posted by on Apr 5, 2017 in Blog, Miami News, Premier Magazine | 0 comments

Americas-Asia trade center in Miami’s Wynwood

Moishe Mana reveals plan for Americas-Asia trade center in Miami’s Wynwood Moishe Mana’s Mana Group has unveiled the centerpiece of his massive mixed-use project in Miami’s Wynwood district: a center that would facilitate commerce with Latin America and Asia. In 2016, the city approved a special area plan for Mana Wywnood, covering nearly 24 acres, with about 10 million square feet permitted at the former warehouse site. The property extends from Northwest 22nd Street to Northwest 24th Street between Interstate 95 and Northwest 2nd...

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Porsche Design Tower penthouse with 11-car garage on sale

Posted by on Apr 4, 2017 in Blog, Miami News, Premier Magazine | 0 comments

Porsche Design Tower penthouse with 11-car garage on sale

in Sunny Isles Beach sells penthouse with 11-car garage for $25M Porsche Design Tower, the new Sunny Isles Beach condo that has attracted worldwide attention for its unique car elevator, has sold a four-level penthouse with a garage for 11 vehicles for $25 million. Dezer Development said the unit totals 9,560 square feet of interior space, making the price equate to $2,615 per square foot. It includes a “car gallery” on the 56th floor where the tower’s specially-designed car elevator can transport the vehicles from the ground to the sky-high...

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Film Executive turned Real Estate developer plan workforce housing

Posted by on Apr 3, 2017 in Blog, Miami News, Premier Magazine | 0 comments

Film Executive turned Real Estate developer plan workforce housing

 Near Miami International Airport, 27@Lincoln office in Coconut Grove. Amanda De Seta once produced indie movies in Los Angeles, but in Miami she has focused on producing homes and commercial buildings as a developer. Her company LointerHome has crafted plans for its biggest projects yet: a workforce housing community of up to 471 apartments just south of Miami International Airport and an office building in Coconut Grove. The company has also entered the short-term rental market. De Seta previously worked as a creative executive for 20th...

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Florida consumer confidence highest level in 15 years

Posted by on Apr 2, 2017 in Blog, Miami News, Premier Magazine | 0 comments

Florida consumer confidence highest level in 15 years

Consumer sentiment among Floridians rose last month to the highest level in 15 years, according to the latest University of Florida consumer survey. The reading of 99 in March was the highest since March 2002 and the second-highest since November 2000. The 5.2-point increase in March followed a dip in February, which ended the month with a revised reading of 93.8. All five of the components that make up the index increased. Perception of one’s personal financial situation now compared with a year ago ticked up four-tenths of a point, from...

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Miami Beach retail center on Alton breaks ground

Posted by on Apr 1, 2017 in Blog, Miami News, Premier Magazine | 0 comments

Miami Beach retail center on Alton breaks ground

This retail project at 1824 Alton Road in Miami Beach will be anchored by Michaels Stores. The majority of this project is pre-leased. New York and Aventura-based Saber Real Estate Advisors bagged a $22.25 million construction loan for a new South Beach retail development. Property records show FirstBank provided the financing to Saber 1800 LLC for the property at 1824 Alton Road. Saber, led by former Blackstone and Related Companies executive Michael Klinger, also broke ground on the five-story, 110,000-square-foot project. Michaels Craft...

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The very wealthy heading to South Florida

Posted by on Mar 31, 2017 in Blog, Miami News, Premier Magazine | 0 comments

The very wealthy heading to South Florida

$2,600,000,000. That’s the net worth it takes to be among the top 25 wealthiest Floridians. Most of us can’t imagine that level of wealth. When we printed a similar list just four years ago, it took “only” $1.2 billion to crack the top 25 — less than half of this year’s figure. Even Secretary of Commerce Wilbur Ross, with a net worth of $2.5 billion, missed the cut. Why is that? For one, more of the truly wealthy are gravitating to Florida. As editor Mike Vogel points out, Florida has no state income tax, no city/county income tax, no state...

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Steve Wozniak to headline eMerge Americas conference in Miami Beach

Posted by on Mar 30, 2017 in Blog, Miami News, Premier Magazine | 0 comments

Steve Wozniak to headline eMerge Americas conference in Miami Beach

The “Wonderful Wizard of Woz” has been announced as the keynote speaker of the fourth annual eMerge Americas conference in Miami Beach. Steve Wozniak, co-founder of Apple Inc. (Nasdaq: AAPL), will headline the June 12-13 convention taking place at the Miami Beach Convention Center. Last year, there were more than 13,000 attendees, 400 companies and 110 startups at the event. Wozniak and the late Steve Jobs are widely known as pioneers of the personal computer revolution and created what is currently the No. 3 company on...

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Top Cities For Millennials | Millennial Hot Spots Miami is the second most desired city

Posted by on Mar 29, 2017 in Blog, Miami News, Premier Magazine | 0 comments

Top Cities For Millennials | Millennial Hot Spots Miami is the second most desired city

Despite a lack of affordable and workforce housing, Miami just ranked as the second top city for millennials. Realtor.com’s list of millennial hot spots was led by Salt Lake City, Miami, Orlando, Seattle, Houston and Los Angeles. The report looked at the largest 60 markets in the country and compared the share of millennial page views to the national average from August to February. Millennials between the ages of 25 and 34 represent 13.1 percent of the Magic City’s population. Tourism and entrepreneurship attracts millennials to Miami,...

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South Florida poised to benefit from Trump’s $1 trillion infrastructure plan

Posted by on Mar 28, 2017 in Blog, Miami News, Premier Magazine | 0 comments

South Florida poised to benefit from Trump’s $1 trillion infrastructure plan

South Florida’s goal to transform into a car-optional region could receive a sizable boost should the Trump administration’s proposal to invest $1 trillion into America’s infrastructure turn to reality, says a local infrastructure expert. A direct beneficiary of the capital injection would be Coral Gables-based Florida East Coast Industries, whose passenger rail project Brightline could be enhanced by improved public resources, says attorney Mitch Bierman, a partner with Weiss Serota Helfman Cole & Bierman. Brightline will run...

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Cruise line executives remain bullish about industry growth

Posted by on Mar 27, 2017 in Blog, Miami News, Premier Magazine | 0 comments

Cruise line executives remain bullish about industry growth

The cruise industry has come a long way in 10 years and leaders of major lines Tuesday predicted more growth in the foreseeable future provided no major geo-political or cruise-related incidents derail the momentum. This year, 25.3 million people are expected to take a cruise globally, up from 15.8 million people in 2007, marking a 61 percent growth in cruise passengers over the decade, according to the Cruise Lines International Association, the leading industry trade group. On Tuesday, during the opening session of the Seatrade Cruise...

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City National Bank of Florida sells Miami Beachmoffice to Pacific Star Capital

Posted by on Mar 26, 2017 in Blog, Miami News, Premier Magazine | 0 comments

City National Bank of Florida sells Miami Beachmoffice to Pacific Star Capital

The deal includes two acres of land. City National Bank of Florida sold its Miami Beach branch and office building to a commercial real estate firm for $24.59 million. The Miami-based bank, a subsidiary of BCI in Chile, sold a three-story and a six-story office building to Oliveira Plaza Associates LLC, an affiliate of Pacific Star Capital, which is based in Santa Monica, California and has an office in Miami. The property has 81,252 square feet of offices, which were constructed in 1948 and 1972, plus a drive-thru. The deal covered… Click...

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