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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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Daily Real Estate News Feed: Latest News and opinion on real estate markets and matters! Link here!

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.

Buy the Beach Realty... Miami Beach Real Estate. Everything on Miami Beach from cottages to castles, and Ocean to the Bay! Buy the Beach Realty operates as a Miami Beach real estate "boutique" specializing in property sales and extraordinary personalized service. Our unique business atmosphere was created to provide our clients with distinct advantages, whether you are seeking to buy or sell in Miami Beach realty. We are pledged to operate according to the highest professional and ethical standards. For real estate, Miami residents choose Buy the Beach Realty.

We have "energetic" agents that have the knowledge, language skills, and experience necessary to meet the needs of our local and international clientele.

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exclusive residential inventory ranges from quaint art deco villas, to oceanfront, bay front, and beach front homes and condominiums for sale and rent. We work in the Miami Beach Art Deco district, Hibiscus Island, Star Island, Fisher Island, the Venetian Islands, as well as homes and condos across all of Miami Beach. Choosing a Miami Realtor can be an important part of your Miami Real Estate investment strategy. We want to be your Miami Realtor and will work overtime to earn your confidence.

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offer Miami Beach Homes from $100,000 to over $15 million. Clients seeking commercial investment property can utilize our commercial division, including income producing buildings, a property management program, & storefronts and shopping centers for sale and rent.

Buy the Beach Realty is the ultimate choice for property seekers on Miami Beach, as you will see by reviewing our Web Site. We look forward to your call! If it's "Real Estate Miami Beach" it's Buy the Beach Realty! Our office is located right in the South Bay Club at 800 West Avenue in world-famous South Beach! Phone 305-531-6929.

Buy the Beach is Miami Beach's premier supplier of real estate related services. If you are seeking to acquire or sell residential or commercial property in this vital region we are here to assist you.

Buy the Beach Realty, Inc.
800 West Avenue
Miami Beach, FL 33139

305-531-6929 (tel)
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Unless otherwise stated square footage and lot dimensions appearing herein are derived from county records and may or may not be accurate.
If square footage is material to a transaction a survey or other measurement is recommended. This information deemed reliable but not guaranteed. Current or previous year’s taxes may not accurately forecast future property taxes. Property taxes can increase from one year to the next for various reasons.

This page, and all contents, are Copyright © 2012 by Buy the Beach Realty, Inc.
800 West Avenue, Miami Beach, FL 33139 USA
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