Miami Condos Investments

Entries from September 2007

Trouble Ahead for Ten Museum Park?

September 25th, 2007 · 28 Comments

Those of you who have closely followed my blog know that I’m a big advocate of Ten Museum Park, for reasons that I have cited in the past. I’ve predicted that, of the condo developments that are scheduled to close within the next six months, Ten Museum Park would have the least amount of [...]

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Tags: Luxury Condo · Luxury Real Estate · Miami condos · Miami lofts · Ten Museum Park

Star Lofts on the Bay - The Next Condo Development up for Auction?

September 23rd, 2007 · 3 Comments

Star Lofts on the Bay looks to me to be a prime candidate to have a developer closeout sale in the near future. Closings for units at Star Lofts on the Bay began towards the beginning of July. As of today, there have been a total of 18 recorded closings with the last [...]

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Tags: Arts District Condos · Condo Auctions · Luxury Condo · Luxury Real Estate · Miami condos · Miami real estate · Star Lofts on the Bay

All Non-Absolute Offers Rejected

September 21st, 2007 · 6 Comments

I just received word that the 7 high bids that were contingent upon approval from the developer have all been rejected.
Fisher Auctions did a great job last night. It is just too bad that they weren’t working with a truly motivated seller. What was the developer expecting?

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Tags: Condo Auctions · Miami condo news · Miami condos

Miami Condo Auction a Big Disappointment

September 21st, 2007 · 34 Comments

(The video that I shot of tonight’s auction is at the bottom of this post.)
The Platinum Condominium auction has come and passed. The big talk of the town packed the house with auction participants, brokers, reporters and spectators. If tonight was any indication of what lies ahead, then the Miami condo market [...]

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Tags: Condo Auctions · Miami Condo Auctions · Miami condo news · Miami condos · Miami real estate

National Media Looking to Interview Miami Condo Investors

September 19th, 2007 · No Comments

CNBC contacted me last week to discuss a story that they are working on concerning the Miami condo market. More specifically, their report will focus on the speculative bubble that existed in 2005 and early 2006, as well as the present day state of the market.
CNBC would like to interview people who speculated on [...]

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Tags: Miami condo news · Miami condos · Miami real estate