Miami Homes For Sale

Luxury Homes For Sale In Miami Beach

Home buyers in Miami

may have heard of the name Jorge Perez before. Once one of the most unstoppable developers in Miami, Mr. Perez lost more than $1 billion in the economic downturn in the mid-2000’s. Despite losing this staggering sum, he is currently plotting his comeback for 2013, many are waiting with baited breath to see just how it will turn out. A member of Related Groups, Perez once again plans to turn his attention toward developments in South Florida, while CEO Jeff Blau and Chairmen Steven Ross turn their attentions towards large scale New York projects, like Hudson Yards.

Perez believes that the housing market in Miami will shortly be back in full force. For example, one of his most devastating losses during the downturn was the Icon Brickell development. Some of his projects even had to be returned to their lenders, and because he had borrowed heavily to finance these projects, his downfall was even steeper. However, today, it is 100% sold. In a recent statement to Reuters Impact Players, Perez said:

“Everyone used to say that there are three important things in real estate: location, location, location. Now I say timing, timing, timing. Meaning that as a developer, I need to have a crystal ball, so I can try to invest based on what I see in the market.”

Based on his own keen sense of tuition, Perez predicts that 2013 is going to be Miami’s strongest year of recovery yet. Because many rely on his guidance, it will be interesting to see if his predictions come true. “My gut tells me that 2013, to the surprise of many, is going to be a much better year than people are expecting. I think that we are going to have, particularly in the real estate market, a much better year.”

Jorge Perez and Related Groups have been at the forefront of some of Miami’s most ambitious projects. For example, Perez was at the helm of Trump Hollywood when it opened in South Florida in 2009. Related Groups was the developer, and the entire structure cost a staggering $355 million to complete. With 40 stories of units facing the ocean, it offers one of the most comprehensive listings of services and amenities for Tower residents.

It is certainly true that Jorge Perez’s past projects have created a forest of condo towers throughout Miami over the last several decades. Some of these projects have permanently altered the appearance of Miami’s skyline. However, it yet remains to be seen whether investors and home buyers are going to trust his once infallible instincts. Will the success of the former kingpin be assured, or will he fail? Construction funding is more difficult than ever to come by, even for heavyweights like Perez, and it will be interesting to see if lenders decide whether or not to take a chance and bet on this titan again.
Regardless of the outcome, the name Jorge Perez will be heard again in 2013.


Ocean Colony Sunny Isles Condos For Sale

Sunny Isles Condos

If you’ve ever been to Miami, then you don’t need to be told what a wonderful place it is. It’s warm and sunny, as well as packed with picturesque beaches, any one of which wouldn’t seem out of place on a postcard. The people are friendly, colorful, and interesting and the general atmosphere is second to none. It’s no surprise that visitors to Florida often feel disappointed when it’s time to pack their things and go home.

When you consider the many options available as far as Sunny Isles condos for sale and decide to purchase one as an investment in your future, you actually don’t have to! Imagine getting to stay in paradise forever. Now imagine getting to do it while enjoying a spectacular view of the ocean, regular walks in the sand, and all of the best that Florida has to offer. That’s what condo living in Florida is all about.

Why Choose Sunny Isles Condo?

As if the natural beauty and excitement that comes with owning a condo in Florida isn’t enough incentive, you’ll no doubt want to know that there are many benefits to choosing the Sunny Isles area. Sunny Isles is known for not only being an up and coming area for real estate development, but it’s also incredibly affordable in comparison to the alternatives.

People who choose to purchase Sunny Isles condos for sale are getting a luxury lifestyle and valuable property at an incredible value that won’t break the bank. Plus, they know they’re making an investment in a piece of property that will only become more valuable over time as the area continues to grow and expand to reach its full potential.

One of the top condos in Sunny Isles Beach is Turnberry Ocean Colony. Many Sunny Isles Beach condos for sale offer a wealth of viable options, all of them tempting in their own way. However, you’d be hard-pressed to find any that have as much to offer as the esteemed Turnberry Ocean community does. Turnberry is an exclusive, upscale living community that takes the already wonderful standard of living associated with Florida condos to the next level and beyond.

To begin with, it’s situated right on one of the most beautiful stretches of beach in all of Florida. You’ll enjoy your very own relaxing ocean view and access to a private piece of that very beach. Plus, the condos themselves are positively beautiful. Featuring ultra-luxurious elements that help add a truly special touch to life – such as premium appliances, temperature-controlled wine storage, and fine cabinetry crafted in Italy – each is like your own little personal slice of heaven.

The amenities don’t cut any corners either. Turnberry residents enjoy access to five-star dining and room service via the colony’s in-house restaurant, a fully equipped health spa and fitness center, a full calendar of special events, and much more.
Turnberry condos aren’t just any Sunny Isles condos for sale. They’re luxury living at its finest. Talk to your real estate agent about landing one of your own today!


Sunny Isles Condos For Sale

Best Sunny Isles Condos For Sale

You’d be hard-pressed to find anyone who doesn’t dream about owning their own home one day. After all, it’s a major aspect of the proverbial American dream! A home of your own in a beautiful location is more than just a wonderful place to live. It’s a symbol of all you’ve accomplished and proof that you’ve finally made it.

However, it’s important to note that a home doesn’t necessarily have to be a 3-bedroom house in the suburbs with a white picket fence and a dog in the yard. More and more people are discovering the benefits of opting for a condominium instead.

The Benefits of Making a Condominium Your Choice

Condominium living offers you the biggest advantages of both worlds. You get the freedom and security that comes along with owning your own home. However, you also get to enjoy the perks of apartment living. Instead of having to tend a lawn or worry about maintaining the plumbing, you have those things taken care of for you. Also, many condo communities allow you to take advantage of top-notch amenities that can include access to a gym, special events, and even premium services.

Plus, condos are cost-effective. Prices on condos generally rise more slowly than those attached to other types of real estate, so they represent a great way to make your dreams come true without breaking the bank.

Why Consider Sunny Isles Condos for Sale

When it comes to great opportunities to purchase wonderful condos, you’d be hard-pressed to find better ones than the ones in sunny Florida. More and more people are clamoring to find Sunny Isles condos for sale and with good reason. Prices on Florida condos are incredibly affordable, so they’re a great choice for families on a budget or people who lead busy lifestyles.

Plus, who wouldn’t want to settle down right in the heart of paradise? Many Sunny Isles condos for sale come attached to beautiful ocean views and select stretches of private beach to enjoy. Beautiful weather, plenty of sunshine, and a wonderful standard of living that makes every day feel like something out of a movie make Florida the place to be. Play your cards right and you could be living the same dream!

The Best Sunny Isle Condos for Sale Are at Turnberry Ocean Colony

Choosing the right condo can present something of a challenge for sure, but it would be hard to go wrong with the best. Turnberry Ocean Colony condo offers residents the lion’s share of incredible one-of-a-kind perks including access to an exclusive spa and fitness center, a five-star dining room that even offers room service, a full calendar of premium special events, and beautiful facilities that rival even the most prestigious hotel settings. This is all in addition to the incredible weather, beautiful sunshine, relaxing beaches, and the overall air of relaxation that already make Florida such a wonderful place to be. Consider making Turnberry your home for life. You’ll be so glad you did!


Trump Hollywood Florida

Trump Hollywood

Trump Hollywood a 40-story oceanfront condominium

got foreclosed today.

Since 2007 Jorge Perez and Donald Trump have been trying to sell Trump Hollywood condo. Prices in the lavish project ranged from $1.3 million to $7 million. In August 2009, Perez said he had commitments from buyers for more than two-thirds of the units, but there were closings on only 25 of the 200 condos.

Analysts doubted Perez and Trump could sell the digs featuring Italian cabinetry and wine fridges when condo buyers are looking for bargains.

Donald J. Trump, who licensed his name to the building, is not a developer of the project, located 22 miles (36 kilometers) north of Miami. On Thursday Donald Trump had distanced himself from the $355 million project. Though he is listed as a developer on the Trump Hollywood website, he said he simply licensed his name and was not involved in sales.

The $225 million mortgage on the 41-story oceanfront tower, completed in 2009, was part of $2 billion in troubled loans at closely held Related Group as of early last year, Matt Allen, chief operating officer of the Miami-based company, said yesterday in a telephone interview. Juanita Gutierrez, a spokeswoman in New York for HSBC Holdings Plc, which led the lending group that held the note, declined to comment.

“We’ll be a healthy company now that we’ve restructured this debt,” Allen said. The note was bought by a third party, whom Allen declined to identify.

Florida real estate

has yet to recover from the market collapse that began in 2007. The state ranks second behind Nevada in condo foreclosures and seized homes. Home prices in the Miami area are 47 percent below their December 2006 peak, according to the S&P/Case-Shiller index.

Related Group, founded in 1979 by Perez and New York developer Stephen Ross, will continue to manage and market units in the Trump Hollywood, Allen said. As of yesterday, sales had closed on 25 of the 200 units, which were listed at prices ranging from $900,000 to $7 million, said Patrick Campbell, the Trump Hollywood’s project manager.

Perez, who owns about 75 percent of Related Group, has reached restructuring agreements with syndicates led by HSBC, Bank of America Corp. and Scotia Capital Inc. since banks stopped financing his condo sales in response to plunging prices and tightened lending standards.


Content published by Lana Bell

Content published by Lana Bell