July 2017 - Mkotler

South Miami set to become first city in Florida to mandate solar panels on new homes

July 14, 2017/0 Comments/in Real Estate/by mkotler

UPDATED July 14, 3 p.m.: South Miami is set to become the first city in Florida to require owners of new homes to install solar panels, joining San Francisco and two small cities in California as the only local jurisdictions in the United States with similar renewable energy building regulations.

A final reading is set for July 18, but there are enough city commission votes for it to pass.

Late Wednesday evening, city commissioners approved the legislation 4-1 on second reading, despite vocal opposition from developer representatives, consumer protection groups and some South Miami property owners. The new law also applies to existing properties whose owners increase the square footage of a home by 75 percent or more.

South Miami Mayor Philip K. Stoddard, who has long advocated for renewable energy solutions to combat sea level rise and global warming, said making property owners install solar panels would help reduce carbon emissions and rising temperatures. “This is about my children and my grandchildren and your children and grandchildren,” Stoddard said. “We are running out of time. It benefits everybody except auto companies and the utilities.” Click Here to Read More on The Real Deal

Which country searched the most for Miami homes in April? Colombia, again

July 11, 2017/0 Comments/in Uncategorized/by mkotler

Colombia topped the Miami Association of Realtors’ April list of countries searching the web for Miami homes in April.

Colombia has led the ranking for 12 of the last 17 months, including in March. Behind Colombia were Brazil and Venezuela, three prominent buyer pools of South Florida real estate. Real estate agents and brokers are reporting renewed interest from wealthy Brazilian buyers after a roughly two-yeat retreat.

Last year, Colombian and Brazilian homebuyers made the third-most international purchases in South Florida with a 10 percent share, according to the report. Buyers from Venezuela represented 15 percent, while Argentina came in at No. 2 with 11 percent.

Check out the top 10 list of countries looking for Miami homes in April:

Colombia
Brazil
Venezuela
Argentina
Canada
India
United Kingdom
Spain
France
Dominican Republic

Click Here to Read More on The Real Deal

Brazilian buyers show renewed interest in Miami real estate

July 6, 2017/0 Comments/in Buying Properties, Location, Real Estate/by mkotler

Many Brazilians are buying at such condo developments as One Thousand Museum, Three Hundred Collins and Turnberry Ocean Club.

Many wealthy Brazilians are buying real estate in the Miami area again after a retreat during the last two years.

Fernando de Nuñez y Lugones, executive vice president of ONE Sotheby’s International Realty, told Mansion Global that Brazilians are starting to buy more U.S. properties after many of them canceled purchases last year.

De Nuñez cited a recent increase in Brazilian interest in units at Turnberry Ocean Club, a 54-story condominium in Sunny Isles Beach, where 21 percent of the international buyers have been Brazilians.

At Three Hundred Collins in Miami Beach, Brazilians have bought four of the 16 luxury condos sold so far during the construction phase of the 19-unit development, which has units priced from $1.7 million to $9 million. Three Hundred Collins is expected to be completed in October.

Louis Birdman, co-developer of One Thousand Museum, a 62-story condominium in Miami designed by Zaha Hadid Architects, said 40 percent to 45 percent of the preconstruction buyers are Latin Americans, and more than half of the Latin buyers are Brazilians.

Many wealthy Brazilians are buying real estate in the Miami area again after a retreat during the last two years. Fernando de Nuñez y Lugones, executive vice president of ONE Sotheby’s International Realty, told Mansion Global that Brazilians are starting to buy more U.S. properties after many of them canceled purchases last year. De Nuñez cited a recent increase in Brazilian interest in units at Turnberry Ocean Club, a 54-story condominium in Sunny Isles Beach, where 21 percent of the international buyers have been Brazilians. At Three Hundred Collins in Miami Beach, Brazilians have bought four of the 16 luxury condos sold so far during the construction phase of the 19-unit development, which has units priced from $1.7 million to $9 million. Three Hundred Collins is expected to be completed in October. Louis Birdman, co-developer of One Thousand Museum, a 62-story condominium in Miami designed by Zaha Hadid Architects, said 40 percent to 45 percent of the preconstruction buyers are Latin Americans, and more than half of the Latin buyers are Brazilians. Click Here to Read More on The Real Deal

Same location for over 50 years.

Same location for
over 50 years.