Carlos Rojas
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Miami Design District And Surrounding Real Estate Investments
Most major metro areas in the country have a part of town that is considered an up and coming area on the verge of a real estate boom. In Miami, that area is called the Design District. Bordered by 36th and 42nd Streets on the south and north, and Federal Highway and Miami Avenue on the east and west, this trendy part of Miami is about to experience a large upswing in the real estate market.Over the past few years, warehouse space has been converted from low-rise warehouse and gallery space into high end retail space, restaurants, cafes, and art…
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5 Real Estate Investing Trends For 2013
1 – Developers Adding InventoryEven though foreclosures have not completely disappeared, they have definitely gone down compared to previous years. In cities that have been able to recover faster from the real estate bubble, a foreclosure is rare nowadays. In cities where supply has caught up with demand properties have started to appreciate slowly.Developers have noticed this trend and have started to announce new construction. For example, more than 5 new construction projects were announced and broke ground in 2012 in Brickell, one of the hottest areas in Miami. Renters who have seen rents increasing up to 20% in 2012…
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Rents & Condo Prices Increasing In Brickell And Downtown Miami
I have noticed in the past couple of years that rents have increased in Brickell and Downtown Miami in general. As a matter of fact, the Miami Herald had an article in August, stating that rentals and sales prices have gone up in Brickell and Downtown in the past year.In some buildings rents have increased more than others. So, I decided to check the MLS and compare prices of rented units in July 2011 against prices in July 2012. I took into consideration the buildings that have the most activity so I could show reliable data when calculating average prices.…
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Traditional Sales Office Disappearing? Icon Bay Case Study
I remember the glorious days of the real estate boom in Miami. I would go to parties every month where developers announced new projects one after the other. Along with the party came a spectacular sales office where they brought agents, media and clients to show them the building model and how finished units were going to look like. DisappearingSocial Media is Replacing The Sales OfficeNot anymore. These things are not very common nowadays. Instead, social media and word of mouth are king these days. Real estate developers are relying more and more on technology to sell real estate, and social…
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The Closing Table May Not Be Open For Long
A few weeks ago a client, in the middle of a conversation regarding real estate investments in Miami, asked me “What’s a closing table?” For real estate professionals, a closing table is like the goal line on a football field; the place sellers, buyers, agents, banks and attorneys meet to score the deal.But today, the goal line is often virtual instead of physical. Most people in the U.S. are renting instead of buying because it is hard a find a mortgage, so they haven’t experienced the closing process. But when a very active real estate investor from Latin America who…
