Trump Palace Could Be a Good Place to Call Your Next Home

By Sunny Isles Real Estate Expert on June 7th, 2016

Trump Palace Sunny Isles

Trump Palace – VIEW ADDITIONAL INFO has an apt name. This beautiful building is 55 stories high, which means the units inside have some of the most impressive views of the area you will find. The building, one of the crown jewels in Sunny Isles Beach, is a true luxury property in every sense of the word. The building features high-end amenities and services that improve the lives of the residents.

Great Amenities of Trump Palace

It is part of an 11-acre complex that provides the residents with 1000 feet of beautiful beachfront. One of the reasons that you’ve been contemplating a move to this area of Florida is probably because you want to be near the beach. When you make your home at Trump Palace, you will be just steps away from the sand and water.

When you first arrive, you will be impressed from the start. The building features a two-story lobby entrance, as well as beautifully landscaped grounds. Residents will also love the water activities center. It has a temperature controlled lagoon pool, which features a sloped beach style entry. There are two lap pools that have temperature controls, waterfalls, Jacuzzis, and a snack bar. There is also a bar and grill in the water activities center so you can grab a drink and a bite to eat.

The building has two entire floors of multipurpose rooms, a fitness center that features treadmills, stationary bikes, and Nautilus equipment. It also has a spa with Jacuzzis for men and women.
At the garage level, residents will have a storage closet with security locks. This could be a great option for those who might want to store some extra gear that doesn’t belong up in the unit. In addition, you will have a full service valet and a car wash at the building, so your car always looks great.

Fantastic Residence Amenities and Features

As you can see, the amenities in the building are fantastic and sure to please any potential resident. However, there are quite a few things to love about the actual units as well. They have 10’ ceilings and floor-to-ceiling windows, which provide you with a spectacular view. There is plenty of space for dining, and the kitchens feature state of the art equipment, not to mention Italian wood cabinets. The kitchen also has granite countertops, and some of the units have smart home technology.

In the master suite, you will have plenty of space for your clothes and other belongings thanks to the large walk-in closets. There marble showers are glass enclosed, and there are his and hers vanity areas. The bathrooms also feature a Jacuzzi whirlpool tub, a bidet, and Italian designed vanities.

You can keep your unit at the perfect temperature for you and your family thanks to the individual HVAC system, which has personal climate controls. There are many reasons to love this building from the gym to the valet and all of the features and amenities in the units. Please check out current listings HERE and consider it when you are shopping for your next home.

Donald Trump Ranks High in the Forbes Magazine

By Sunny Isles Real Estate Expert on January 19th, 2016

Donald Trump Miami real estate

The latest annual release of the Forbes 400 list of America’s richest people of course features plenty of major players in real estate – one of whom, not surprisingly, is a certain presidential candidate whom almost everyone recognizes by his hairdo alone.

Who’s Who

Bill Gates again laid claim to the number one position, for an impressive 22nd year in a row, coming with a whopping net worth of $76 billion. The real estate game is no slouch on the list, however, and Donald Bren – the chairman of Irvine Company, based in Southern California – is one of the highest ranked. He comes in at number 30, touting a net worth of $15.2 billion.

Stephen Ross, the founder of upscale development firm Related Co., ranks as not only the richest New York-based developer but also second in line of the major players in real estate. $6.7 billion earned him the number 71 spot on the Forbes 400 list. Another prominent player in the real estate development arena is Igor Olenicoff of Lighthouse Point properties in South Florida, who ranks 164th with his $3.6 billion net worth.

SoFla Developers Hold Their Own

Olenicoff isn’t the only developer from South Florida making a name for himself on the list – Richard LeFrak, founder of the LeFrak company, came in at number 76 with a net worth of $6.1 billion. Related is again represented in the list by Jorge Perez, the chairman and CEO of the firm, at $3.5 billion and the 171st spot. Palm Beach boasts Jeff Greene, self-made billionaire, at number 194 and $3.3 billion in worth.

While these richest of the rich real estate moguls are certainly no slouches, it’s tough to get much more high profile – developer or not – than presidential hopeful Donald Trump. The head honcho of the Trump Organization’s $4.5 billion net worth earns him number 121 on the Forbes list. The Donald’s fortune and place on the list, coupled with his White House run, has been such a buzzing topic of late that Forbes dedicated an entire fifteen-page cover store to him this fall, titling the piece “What’s Donald Trump Really Worth?”

What’s $6 Billion?

The true numbers of the mogul’s net worth are a matter of some debate. While the distinctively coiffed candidate declared a net worth of more than $10 billion on the financial disclosure documents that all presidential hopefuls must file, a Bloomberg analysis this past summer claimed that the Donald’s true worth was closer to $3 billion. Trump’s real estate holdings were of course cited as the source of the majority of that fortune.

What did the man himself have to say about this discrepancy? In true bold, unapologetic Trump fashion, he told Forbes “I look better if I’m worth $10 billion than $4 billion.”
How the American public feels about that brazen attitude will become apparent as the election process plays out over the next year. Win or lose, Trump will have no shortage of dollars to comfort (or congratulate) himself with.

Jorge Perez Plots His Comeback In 2013 For Miami Real Estate

By Sunny Isles Real Estate Expert on February 19th, 2013

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.

Why You Should Buy Sunny Isles Condo

By Sunny Isles Real Estate Expert on November 27th, 2012

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!

The Best Sunny Isles Condos for Sale

By Sunny Isles Real Estate Expert on November 19th, 2012

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!

Lenders have foreclosed on Trump Hollywood

By Sunny Isles Real Estate Expert on November 19th, 2010

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.