NYC Escapes To MIAMI

Good news for Miami real estate players hungry for Asian capital. A report from commercial brokerage CBRE shows more than half a billion dollars worth of Asian cash flowed into Miami real estate during this year’s first six months, making it the country’s fourth-most popular destination for investments from across the Pacific. Investors spent $665 million on real estate in Miami during the first half of this year, marking a massive jump in volume from the $34 million during t...he same time period in 2015. Office properties take priority, making up about 43 percent of all investments, followed by hotels with 33 percent, according to the report. Japanese trading conglomerate Sumitomo Corp. recently made its re-entrance to the Miami market by purchasing the iconic Miami Tower for $220 million, marking one of the city’s biggest commercial trades of this year.

Another example of NEW YORKERS fueling downtown Miami‘s next wave of investment and redevelopment.

New York-based R&B Realty wants to build an office building between the booming Miami neighborhoods of Wynwood and Midtown Miami...

Showing all locations of new construction in Miami... Condo, Rentals, Office... Much of it in Brickell and Downtown Miami.

Short and interesting read...