Miami Condo Boom 2013

Miami Condo Loan Marks Milestone - WSJ.com: " . . . There's been improvement over the last couple years, but really, it's just within the last quarter that the overall sector has been turning," said Matthew Anderson, managing director at loan research service Trepp LLC. The return of bank lending in South Florida partly reflects the condo market's rebound from the wreckage of the housing bust. Sales and prices have recovered over the last two years, buoyed by interest from foreign buyers, many of whom use cash to purchase the units, according to Condo Vultures LLC. Sales in the broader South Florida market, including Miami-Dade, Broward and Palm Beach counties, fell to 29,058 transactions in 2007, but rose to 52,679 in 2012. In Miami-Dade County, where Sunny Isles Beach is located, the median price per square foot for condos fell to $107 in 2010. It reached $139 by the end of 2012, though still far below the $400 a square foot hit during the boom years, when more than 22,000 new units were added to the Miami market. But developers have noticed the recent market improvement. Currently there are approximately 2,000 units under construction, according to HFF. "Developers realize the next South Florida condo construction boom is just beginning," said Peter Zalewski, principal of Condo Vultures. "There is a tremendous pressure on every developer to get started sooner rather than later in hopes of delivering their units earlier than the competition. . . ."

$47M Miami Beach Mansion Makeover Is Complete
WBFS
MIAMI BEACH (CBSMiami) – They call it “Terra Veritatis”. You'll call it a marvel of a mansion makeover. The 16-bedroom Miami Beach waterfront mansion on 2.5 acres was first owned by the founder of Kmart. The current owner is Billy Dean, founder of MC...

WBFS

South Beach's Delano Hotel does well for Morgans Hotel
New York Business Journal
Morgans reported an adjusted EBITDA of $12.7 million in the fourth quarter, a 47.9 percent increase over the same period last year due primarily to the 38.8 percent and 33.5 percent increases in EBITDA at Delano South Beach and the Hudson Hotel in New ...

Food: South Beach Wine & Food Festival (Best Of The Weekend)
Austinist
Tucked away in a pleasant courtyard, the event mixed ice cream with networking and discussion of marriage equality. Mr. Smith mentioned in conversation that he'd actually met his husband Jesus Salgueiro during a South Beach visit years ago, which was ...

Culinary Stars and Stilettos in the Sand: South Beach Wine and Food Festival ...
Huffington Post
The 12th annual South Beach Wine & Food Festival wrapped up on Sunday after a truffle- and cocktail-fueled weekend of celebrity chef appearances, parties, tastings and seminars. More than 50,000 people descended upon Miami, the hotels and restaurants...

Huffington Post

Miami Beach & Miami Win Bid to Host 2017 worldOutgames
eReleases (press release)
MIAMI, March 1, 2013 /PRNewswire/ — Miami Beach & Miami have been chosen to host the worldOutgames in 2017, announced Daniel Vaudrin, president of the Gay and Lesbian International Sport Association, yesterday. Vaudrin made the announcement ...

John Besh Interview | South Beach Food Festival 2013
By Susannah Chen
We caught up with the chef poolside in South Beach, where we discussed everything from life lessons to ingredient obsessions. POPSUGAR: What's keeping you busy right now? John Besh: I have a new series coming out this Spring on ...
YumSugar

Miami Beach Convention Center site upgrade could cost $1B ...
At the Miami Beach Convention Center workshop Thursday, one possible ... South Beach ACE, which includes Robert Wennett, the developer behind 1111 ...
www.bizjournals.com/.../miami-beach-convention-center-site....

Residents view Miami Beach Convention Center designs | News ...
Miami Beach residents saw designs from the two development teams competing to ... Portman CMC and South Beach ACE are vying to transform the aging, ...
www.local10.com/news/Residents-view.../-/index.html

Lucali Opening Soon in Miami Beach - Coming Attractions - Eater ...
Though they have been very quiet about it, the highly anticipated spot has claimed 1930 Bay Rd. inMiami Beach as its own and is getting ready to open for ...
miami.eater.com/.../02/.../mark-iaconos-lucali-opening-soon.p...

Federal Bureau of Investigation (press release)
According to documents filed with the court and statements made in court during the plea, Osorio was the owner and majority shareholder of Innovida Holdings LLC, a Florida limited liability company located in Miami Beach. Innovida manufactured fiber ...

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