Wednesday, December 28, 2022 / by Dave Magua
Kolter Urban started building Selene Oceanfront Residences, after scoring a $240 million construction loan for the pair of condominium towers that will be the tallest along Fort Lauderdale’s oceanfront.
The firm is developing the 26-story buildings, with 194 units combined, at 3000 Alhambra Street. Wells Fargo, as an administrative agent for several lenders, boosted a $17.4 million mortgage on the property by $222.6 million, records show.
Kolter Urban launched sales of Selene last year after obtaining final city commission approval for the project in 2020. The 300-foot tall towers will include nearly 6,000 square feet of retail and restaurant space, according to the project’s website. Kobi Karp is the architect.
Led by Bob Vail, Kolter Urban is the condo development arm of Delray Beach-based Kolter Group. The parent company also has subsidiaries focused on single-family homes, multifamily and hospitality, according to its website. Bobby Julien is CEO of. ...
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Tuesday, December 27, 2022 / by Dave Magua
Staging a home for sale may require some extra presale prep, but the time and money reap plenty of rewards. The majority of buyers' agents (82%) said that staging makes it easier for buyers to visualize a property as their future home, according to a survey by the National Association of Realtors. Nearly a quarter (23%) of buyers' and sellers' agents said that a staged home received an offer 1% to 5% higher than a similar home that hadn't been staged and 18% of sellers' agents said the value of a staged home was 6% to 10% higher. In addition, 31% of agents said that staging decreased the days a home spent on the market.
Among the places to stage, living rooms and kitchens are the most popular, followed by the master bedroom, dining room, and home office. Revive provides professional guidance and services to help you and your clients decide which areas to stage before a sale to help buyers see themselves living in a home.
While each home is different, these seven tips offer a startie ...
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Monday, December 12, 2022 / by Dave Magua
The pandemic disrupted Miami residential real estate in extraordinary fashion, dramatically inflating prices and demand for housing and forever altering the way people think about work, education and lifestyle. At the peak of this unprecedented cycle, bidding wars erupted as soon as listings hit the market, to the spectacular benefit of sellers and agents like me.
But this cycle was never sustainable and has obviously come to a bumpy end. Data clearly shows that the great rush has been over for months, with today’s Miami buyer pool cutting a sharply different profile. Last year, they were making quick decisions; now, they are much less desperate and infinitely more discerning. Time and patience have taught them that they don’t need to be tied down to any particular location, and decision-making has become more difficult. Economic concerns about interest rates, jobs, the stock market and a looming recession that did not exist in 2020 and 2021 are also major factors. Today&r2 ...
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Friday, December 9, 2022 / by Dave Magua
The owner of high-end gun manufacturer Kimber, known for its 1911 pistols, bought a condo at Estates at Acqualina in Sunny Isles Beach for $21.3 million.
Leslie Edelman bought unit TS3407 in the south tower of the condominium project at 17901 Collins Avenue from the developer, records show. Edelman owns Troy, Ala.-based gun manufacturer Kimber. The company’s website lists the Los Angeles Police Department’s SWAT team, the U.S.A. Shooting team, and U.S. Marines as customers.
The $1.8 billion Estates at Acqualina is the Trump Group’s third development in Sunny Isles Beach. The Trump Group, led by Jules Trump, is not affiliated with former president Donald Trump.
The two-tower project includes the completed 49-story, 154-unit south tower, and a 50-story north tower that remains under construction. Prices for units in the development start at $4.2 million, and go as high as the $85 million asking price for a three-story unit the co-founder of Euro ...
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Thursday, December 1, 2022 / by Dave Magua
People often spend decades making their home a visual showcase of their life, family, interests and more. They enjoy having friends and relatives over to see what they’ve collected and displayed in rooms and on walls.
But when it comes time to finally sell the house, asking the owners to remove a lot of those personal items can be a sensitive topic for you as the seller agent. As you know, potential homebuyers liking something in a house for sale means little, but if they don’t like something–that could unnecessarily plant a negative association with that particular home in their minds.
We recently spoke with several REALTORS? who shared some sage advice and strategic tips for helping sellers make their home as neutral-appearing as possible so homebuyers can envision the space as being theirs.
Of course, helping them understand the importance of removing anything personal on view, such as family photos on walls, religious symbols, posters of celebrities or athletes) ...
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