High profile developer and real estate mogul Don Peebles was interviewed yesterday by Fox News to get his take on the various real estate markets throughout the United States  He quickly named New York City as his favorite with Miami being a close second  In regards to Miami Peebles distinguished between the Miami Beach and Downtown Miami sub markets  He finds both to be very attractive but compared Miami Beach to Manhattan with having a huge barriers of entry and very little available land while he feels that Downtown Miami is well on its way to becoming a premier global city

His assessment of the sub markets in Miami and Miami Beach is right on point  The recovery that both markets have seen over the past five years is simply astounding and for good reason  Miami for a number of reasons is an alluring city which attracts buyers from all over the world  That has and likely will continue to be the driving force behind each sub markets rebound a force which in all likelihood will push values well beyond those last seen at the peak of the market during the first quarter of 2007