Miami Real Estate Review – Episode 14

July 30, 2010 by Lucas Lechuga

Topics we cover in this episode:

  • Trump Towers 3 in Sunny Isles Beach is now available for sale
  • 1800 Club announces a developer blow-out sale of their last 30 remaining condos
  • Media towers pass final vote
  • The developer of Artecity, a South Beach condo development, filed for Chapter 11 bankruptcy protection

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8 Comments on "Miami Real Estate Review – Episode 14"


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Anonymous
6 years 1 month ago

POOR AJ….WONDER WHAT HE WOULD SAY ABOUT THE BLOW OUT SALE ON THE 1800 CLUB.

Anonymous
Joe
6 years 1 month ago

Seems like quite a few “blow-out sales” going on lately. Kind of strange, given the allegedly “booming” market.

Anonymous
JL
6 years 1 month ago
Regarding the complex Starwood/Corus/Paramount situation, Starwood might be getting 0% loans, but apparently they also paid 20% higher than the next bidder. Cutting thru the marketing hype, the situation may be analagous to this: A bank owns a property appraised at 1 million (1) Investor A offers 800K cash (2) Investor B offers 1 mill financed at 7% (3) Investor C offers 1.2 mill financed at 0%. (3) may be analagous to Starwood’s situation. The move may turn out to be right or wrong. You still have to make loan payments on what may be an inflated value, even though… Read more »
Anonymous
Poor and Unemployed
6 years 1 month ago
Anonymous
Bill Weaver
6 years 1 month ago

This is amazing, one week you hear good market news.Next week it’s doom and gloom again.What is it???? Does anyone remember that pest ACE that used to write in here all the time? I can’t even remember what he predicted what Miami Condos would price out @ Sq. Ft.Anyone remember? Thank you Bill

Anonymous
Renter Tom
6 years 1 month ago

Trump Tower III will have a terrible view IF the Solis or something similar to the Solis design gets built….the Solis is supposed to be THE tallest building in Sunny Isles Beach and is going straight up right on the property line on the water side…..like having a huge billboard blocking your view. So, the south view will really really suck IF the Solis or similar gets built. Just thought you’d wanna know…….. I have been following this stuff pretty closely.

Glad to see that TTIII is FINALLY gonna have some living things inside it!

Anonymous
SouthBeacher
6 years 1 month ago

blow out sales are what will ultimately fixed the market by lowering inventory. that’s what Miami needs

Anonymous
Vince Vaughn
6 years 1 month ago

Response to JL…the correct spelling of the word you were attempting to use is analogous. Please double-check your “word of the day” calendar before trying to use it in a sentence to sound intelligent.

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