Real estate

In a letter Thursday to Interior Deputy Inspector General Mary Kendall, Rep. Raúl M. Grijalva (D-Ariz.) and two other members of the House Natural Resources Committee questioned whether Zinke continues to be involved in a real estate project in his hometown of Whitefish, Montana. They also revealed that he met with the project’s developers in his office at the Interior Department last summer. … [Read more...] about Emails Raise Ethics Questions About Zinke’s Ties To Montana Real Estate Deal

Direct Flights from MIA to Qatar Should Aid InvestmentThe growing volume of property investments has largely been driven by sovereign wealth funds, particularly those of Qatar and the United Arab Emirates. According to the report, favorable exchange rates and a desire to diversify assets have led these funds to seek commercial real estate opportunities in the United States, with Miami at the top of the deck. The addition of direct flights to Qatar from Miami International Airport likely will contribute to further investment. … [Read more...] about Middle East a Bigger Player in South Florida Real Estate

As part of this increased scrutiny on real estate private equity funds, the SEC will focus on fees paid (in addition to the investment management fee) by real estate funds to the fund’s manager and its affiliates for property management, construction or development management and leasing services. … [Read more...] about How New SEC Focus Will Affect South Florida Real Estate Private Equity

3. Thriving hospitality marketMiami has the best hotel market in the nation contends Barry Sternlicht, CEO of Starwood Capital Group. Mark Maurer citing  Smith Travel Research writes “Miami ranks as one of the top hotel destinations in the U.S. in terms of revenue per available room and has an occupancy rate of more than 80%.” He further says that South Florida hotel guests are increasingly willing to spend $1,000 per night, and in the past 12 months boutique hotel properties have been “selling for more than $1 million per room.” … [Read more...] about Positive Report for South Florida Commercial Real Estate

A real estate export economy basically refers to one in which foreign investors purchase real estate, not in which to reside, but as an investment. In Miami’s case 90% of all the new downtown construction is due to demand from foreign investors. Less than 11% of these are being used as primary residences. Further, most of these foreign buyers are interested in “high-end” real estate and are paying cash, as evidenced by Miami’s current luxury property building frenzy. These luxury properties are buyer financed, requiring hefty, pre-construction deposits. … [Read more...] about Foreign Investors Still Stimulating Miami’s Real Estate Boom