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Link for Miami Herald report on Miami Beach sales 1-29-12. Here's what's selling now!

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North Beach	Aventura and Broward	North Miami Beach, North Miami, Eastern Shores
Sunny Isles	Fisher Island	South Miami, Coral Gables, Kendall
Short-Sales and Bank-Owned Homes	Short Sales and Bank-Owned Condos	Miami Beach Condo-Hotels
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SEAN'S QUICK HEADLINES

Miami Beach launched the first municipal car-share program in the state, giving residents of South Florida's most pedestrian-friendly, bikeable city one more reason to forgo automobile ownership. Customer’s register for free at www.hertzondemand.com which they then use to rent a car at rates ranging from $9 to $15.75 per hour or $63 to $170 a day, according to the city. Locations are: Fifth and Alton garage, 7th St. garage, 12th St. garage, 13th St. garage, 16th St. garage, 17th St. garage, City Hall garage and 42nd St. garage. –Source: The Miami Herald 01/22/12, City of Miami Beach
The 186 rooms at the boutique Kimpton brand Surfcomber on Collins Ave. have all been refurbished. The South Asian street food-inspired restaurant is open. The lobby area holds a collection of well-curated knickknacks and surf-chic furnishings. –Source: The Miami Herald 01/13/12
Despite a sluggish December, U.S. retailers had a record 2011 and their first $400 billion sales month. In 2011, sales totaled a record $4.7 trillion. That was a gain of nearly 8 percent over 2010 - the largest percentage increase since 1999. –Source: The Miami Herald 01/13/12
Miami Beach will soon learn just how much interest there is in redeveloping the city's aging convention center. After courting private investors for more than a month, Miami Beach Commissioners voted last week to request that interested developers submit their qualifications for the project. "[The convention center] has been, should be and is our No. 1 priority," said Commissioner Jerry Libbin. –Source: The Miami Herald 01/19/12
New condo sales in Greater Downtown Miami slowed by 53 percent in 2011, compared to 2010, as developer inventory decreased and the average price rose by 21 percent. Buyers purchased nearly 1,750 new units for a combined $800 million in 2011, cutting the number of unsold units controlled by the original developers to 8 percent of 22,250 condos created in Greater Downtown Miami during the South Florida real estate boom. –Source: The Miami Herald 01/19/12, Condovultures report based on Miami-Dade County Property Appraiser data
The tiny village of Bal Harbour, best known for its luxury shopping mall, has sought for years to be recognized as more than an afternoon stop for upscale shoppers - a task made more challenging by the lack of a well-known hotel. Enter luxury hotel brand St. Regis Hotels & Resorts, which is in the midst of a worldwide expansion that includes Latin America, Asia, Africa, Europe and the Middle East. Bal Harbour joined that growing list as the 28th St. Regis hotel, cousin to the 1904 Manhattan classic. The $1 billion development includes a 243-room hotel and two residential towers. –Source: The Miami Herald 01/20/12
Home values are still ahead of where they were in 2003. But perhaps more surprising, local property has actually held its value better than the average home in the United States. According to the FHFA, the average U.S. home is worth about 40 percent more than it was at the start of 2000. In Broward, the average home is worth 49 percent more. In Miami-Dade, it's 56 percent more valuable. –Source: The Miami Herald 01/30/12, Federal Housing Finance Agency
China may be gaining on the United States as the world's top exporting nation, but the U.S.A. is still the best place in the world to start a new business, according to a global entrepreneurship index. The 2012 Global Entrepreneurship and Development Index, which ranks entrepreneurial characteristics of 79 nations and identifies the entrepreneurial strengths and weaknesses of their economies, gave the United States the edge over runner-ups Sweden and Australia. Rounding out the top 10 were Iceland, Denmark, Canada, Switzerland, Belgium, Norway and the Netherlands and Taiwan in a tie for 10th place. -Source: The Miami Herald 01/09/2012, 2012 Global Entrepreneurship and Development Index
Kiplinger's released its annual ranking of the 100 Best Values in Public Colleges, with the University of Florida occupying the same No. 2 spot it held last year. Florida's tiny liberal arts honors college, New College of Florida in Sarasota, was a few spots behind at No. 5 - up from No. 11 a year ago. The other Florida schools to make the top 100 are Florida State University (18), the University of Central Florida (39), the University of North Florida (63) and the University of South Florida (87). -Source: The Miami Herald 01/04/2012, Kiplinger's Best Values in Public Colleges
The Federal Reserve's controversial "quantitative easing" program of buying government bonds to stimulate the economy generated huge profits last year, resulting in a $76.9 billion transfer to the U.S. Treasury in 2011, the bank recently said. It was the 2nd largest such transfer since the Fed was created in 1913, nearly enough to finance the 2012 budgets of the Department of Justice and State combined. -Source: The Miami Herald 01/11/2012
Downtown Miami activist and entrepreneur Brad Knoefler was tired of looking out of his loft window at the five-acre pile of rubble across the street that was once the Miami Arena, so he undertook what must be the ultimate DIY project: He built a park atop the debris. He didn't just plunk down some sod, either. Grand Central Park, which will open to the public soon, boasts paths winding through a small forest of 250 trees - slash pines, oaks, royal palms, red maples, cypress and sweetgums - and a great sloping lawn, seeded though not quite yet covered with a green carpet of eco-friendly microclover. Crowning it all is a 12-foot hill - built from the crushed concrete - with a panoramic view of downtown Miami and the surrounding hardscrabble neighborhoods, which seem suddenly transmuted with promise. -Source: The Miami Herald 01/20/2012

Excerpted from Sean Greco's Monthly Report. Full text here.

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800 West Avenue
Miami Beach, FL 33139

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