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...The cost of membership at Witkoff and PPG Development’s invitation-only Shell Bay club, which opened to the north of Miami Beach late last year, is $1.35mn....
...The fund’s only properties outside Europe and North America are two retail buildings in South Korea....
...In the late 1990s he moved to south Florida and left sports for real estate. An advantage of his second career, he quipped, was that buildings do not fail drug tests or impregnate people....
...He was also the first developer, in 2001, to venture north of the Miami River to build in what was then a moribund downtown....
...Wherever artists go, real estate value also goes up: after the inception of Art Basel Miami Beach in 2002, developers saw the value in Wynwood and started buying warehouse buildings....
...Real estate businesses also often cite complicated planning systems, strict zoning laws and building regulations as other factors hindering redevelopment across cities....
...At first glance, a vast black-and-white mural that has just appeared on the facade of the Superblue building in Miami does nothing to dispel the idea that you’re in the world’s party capital....
...Cash purchases had already been on the rise in certain competitive markets in the US before interest rates began to rise, said Erin Sykes, a real estate agent in New York and Miami and economist for Nest...
...They’ve swapped Islington in north London for the upscale Salamanca district, where they’ve bought a four-bedroom apartment....
...He recently teamed with Mercedes-Benz to build a branded tower in Miami. But Stern has been prone to delays that sap investors’ returns and necessitate additional financing....
...Money managers who have spent generations building businesses based on mutual funds contend they will survive and even thrive because investors like and understand the product....
...The cash will help fund the PFL’s expansion into the Middle East and north Africa, with a new Saudi-headquartered league planned for the second quarter of 2024....
...Savvy, obsessive and wildly uncouth, Dezer, 48, is the crown prince of Sunny Isles Beach, a roughly two-square-mile realm just north of Miami....
...in Melbourne, a solo show at Hufkens’ Brussels gallery, group shows at the Broad in LA and the Rubell Museum in Miami....
...samuel-ross.com Highlights in and around Design Miami...
...“Scattered around the city core are undeveloped sites considered ‘unbuildable’, most often because of jurisdictionally imposed restraints such as zoning, zoning setbacks and riparian stream buffers,” says...
...In New York, so-called “Class A” buildings (which tend to be modern, digitally connected, green and well-suited for hybrid work) rose by 3 per cent in value between 2020 and 2022; “Class B” buildings (unrenovated...
...CONCACAF, the football federation for North and Central America and the Caribbean, is already based in the city....
...Their requirements for a home were strict: they wanted the conveniences of a new-build condo that retained some of the qualities — such as high ceilings, a small number of units in the building and a warm...
...More realistically, relaxing the restrictiveness in the South East to the level in the North East could depress prices by around a quarter....
...Hedge fund billionaire Ken Griffin is in early talks to buy a stake in the Miami Dolphins and the Miami Grand Prix from Stephen Ross....
...at a slower pace in Washington and Miami, respectively....
...Smart reads Miami mogul Property developer Marc Roberts is seeking to reshape Miami’s seedy side into a miniature Las Vegas, the FT writes....
...Witkoff is charging ahead at a time when the torrid growth in Miami property prices has slowed....
...Ring describes her work as “world building”, and indeed both her interiors and furniture ranges feel like colourful, weird and wonderful film sets....
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