Capponi Construction Group and Douglas Elliman in Boca Raton

Boca Raton, Florida - The Boca Raton Real estate market is making news. There is a renewed energy of real estate and construction in Florida’s Palm Beach County according to, Michael Capponi. He is the Chairman of Capponi Construction Group, LLC, Capponi has a real passion for developing and building economically successful, internationally renowned projects in South Florida. This makes the new collaboration with Douglas Elliman, Florida Brokerage in Boca Raton a natural expansion.

Multi-million Dollar Residential Developments In Boca Raton and Miami

Capponi Construction Group’s successful renovations of landmarks include The Forge Restaurant and Bass Museum of Art in Miami Beach; new projects include multi-million dollar residential projects. CCG is currently building an 8,900-square-foot luxury estate home on Spanish Trail in Boca Raton. Capponi Construction Group now has headquarters in Miami Beach and Boca Raton, Florida.

The Capponi Construction Group and Douglas Elliman are excited with this business venture. Vanessa Grout, CEO of luxury real estate firm Douglas Elliman, Florida Brokerage, was alos at the grand openeing to mark a shared office at 444 E. Palmetto Park Road in Boca Raton, Florida.

Capponi Construction Group and Douglas Elliman Have a Grand Opening

Notables in attendance at the July 26th office ribbon-cutting and after-party at Racks Downtown Eatery & Tavern in Mizner Park (Boca Raton) included Mayor Susan Whelchel; Deputy Mayor Susan Haynie; Palm Beach County Commissioner Steven Abrams; restaurateur Dennis Max, founder of Max Restaurant Group; Jamie Telchin of LXR Development - One Thousand Ocean; Adolfo Cotilla of ACAI Associates; Beau Breckenridge, Senior Vice President US Trust; Reid Boren, Principal of K&B Equity Group; Richard and Robin Bernstein, CEO Of Richard Bernstein and Associates; Andres Fanjul, Associate, Sun Capital Partners.

Also attending were William Eubanks of William R. Eubanks Antiques and Interior Design; architect Reinaldo Borges; and Jim Pappas, CEO of Pappas Enterprises. Rita Johnson, founder of the non-profit Shuzz Foundation, a Boca Raton based charity that provides footwear for poverty-stricken children, accepted a donation from Capponi Construction Group and Douglas Elliman, Florida Brokerage, as part of the ceremonies.

Chairman Michael Capponi was joined by principals of Capponi Construction Group (CCG), including Kenneth J. Gross, President and CEO; Executive Vice President Robert Wrieden; and Todd Pennington, Director of Strategic Operations. Vanessa Grout, CEO of Douglas Elliman, Florida Brokerage was accompanied by company principals including Managing Broker Marisela Cotilla; Executive Vice President, Douglas Elliman Carlo Gambino; Pamela Gottfried and Senada Adzem.

Specialists in Luxury Florida Real Estate and Construction

The two firms, both specialists in luxury real estate and construction, chose Boca Raton as a strategic location for their expansions northward from Miami’s Dade County. Capponi Construction Group, a bondable licensed Florida general contractor, is just one of Michael Capponi’s multi-service, full lifestyle brands. His well-established group of companies encompasses construction, development, entertainment/hospitality, and philanthropy. His business presence in Boca Raton is expected to be an asset to the development and hospitality industries in Palm Beach County

Luxury Estates Homes, Condominiums and High-end Commercial Retail Projects

Capponi Construction Group’s principals are experienced leaders in the industry: Todd Pennington is a former Bovis Lend Lease Senior Vice President, Kenneth Gross is a former WCI Tower Division executive, and Robert Wrieden was the East Coast senior VP and director of construction for WCI Communities Inc. Since 2010, CCG has completed multiple building types, including new construction, renovations and the historic rehabilitation of private residences, estates, condominiums, high-end commercial projects, shopping centers and hotels. The company is committed to delivering the construction expertise valued by owners, architects and developers for their most ambitious residential and commercial projects.

Real Estate Developers Build Larger Luxury Condos

Boca Raton, Florida - Florida Developers have questions to ask, about the size of single family homes and condos. Florida Real estate Developers are increasingly using hedge funds to finance large projects. Many Buyers have stunned listing brokers with their assessment that homes are too small. Three bedrooms wouldn’t cut it, even with 4,000 square feet of outdoor space and a private rooftop pool. Florida Buyers want extra room for a private gym and larger, flow-through spaces with of course swimming pools.

South Florida Luxury Real Estate

One of the Investors with a hedge fund made a suggestion which was why not combine the condo units with ones below or above to obtain the extra square footage that they desire.

Boca Raton Home Investors and Developers

All across Boca Raton and South Florida, developers have been scrambling to super-size condos to meet the surging demand of the highest pool of luxury buyers. These real estate investors continue to break sales records while paying premiums for more square footage. While the idea of combining residences is not new, real estate marketers and appraisers say the jumbo sizes of the combined homes are taking sales into uncharted territory.

Real Estate Developers for Miami and Boca Raton

Not many Boca Raton Real Estate brokers recall seeing this sort of phenomenon happening with these super size Buyers. The highest tier of real estate buyers in Boca Raton and Miami is really looking to create these mini style mansions in the sky. Even without combinations, the average high-end condominium size has grown over the past decade as real estate developers have recognized the demand for more substantial square footage.

Boca Raton Penthouse Condos for Ultra Wealthy

Yet even with 10 full-floor apartments in New York selling for about $50 million each and a duplex penthouse listed at $115 million, Agents were discovering that demand among the world’s superrich for the largest apartments was heavier than envisioned. Is Miami and Boca Raton that far behind? South Florida developers have thought to combine smaller condos into four condo units of similar square footage each. These condos could be designed with four bedrooms or with three bedrooms and a viewing room or library.

Boca Raton and South Florida Real Estate Agents

The current economy could change quickly and pricing could spike up. Boca Raton and Miami Beach Agents are reaching into a new class of buyer, a wealthier class of buyer, and they want to live a certain style. It is not the amount of bedrooms that counts; it is the square footage and design of the condominium that matters.

Manhattan and South Florida Houses for Investors

Many of these Florida Real estate Investors are from countries that are bubbling with newly minted millionaires and billionaires. In both Manhattan and South Florida, a lack of well designed inventory and the strength of demand are reasons to expand. Foreign Buyers are encouraging developers to find creative ways to satisfy this class of all-cash buyers from places like Brazil, China, Russia and the Middle East. Expectations continue to increase as in South Florida Investors arrive with nice size budgets.

Luxury Condos and Homes in South Florida

Given the real estate markets where many of the high-end buyers are coming from, luxury condos and homes in South Florida are still a value compared to other Countries. Look at a flat in London, an apartment in São Paulo or a home in Rome,” and suddenly a Miami Beach Condo or Boca Raton house looks like a bargain.

Luxury Real Estate in Palm Beach County

The super-wealthy buyers have shown they are willing to finance ballooning budgets to combine already huge condos into mega spaces. Even American Buyers are into, a huge master suite with dual bathrooms, sitting rooms, an office, an extra-large kitchen and pantry, maids’ or butlers rooms and secondary bedrooms for guests. Living near the new Boca luxury theater in Mizner Park is not a bad way to live.

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Luxury Houses For Sale in Florida

Boca Raton, Florida - Luxury real estate buyers are increasingly discriminating and realize they can still find bargains. Many of these Florida Real estate Investors are seeking single-source service solutions to their real estate needs. Boca Raton real estate is one of the brightest jewels along the Gold Coast of South Florida and is home to the most magnificent ocean front, yachting, country club and resort communities that have been playgrounds of the elite for generations.

Palm Beach County Florida

Boca Raton is situated midway between Palm Beach, Fort Lauderdale and Miami, with ocean and beaches on one side and the Loxahatchee National Wildlife Refuge on the other. Boca Raton real estate is minutes away from exquisite Gold Coast beaches, the exclusive Boca Raton Resort and Beach Club and is conveniently located between Ft. Lauderdale and Palm Beach International Airports, and only a short drive to the Boca Raton Private Executive Airport.

Boca Raton Real Estate Investors and Homes For Sale

Owners of Boca Raton real estate have no need to venture far for entertainment and recreation, however. The city itself is one of the world’s premier vacation destinations and hosts an assortment of shopping, dining and cultural venues, as well as an array of outdoor adventure options. Catch a polo match, go scuba diving, explore the Boca Raton Museum of Art, shop for designer fashions in Mizner Park - no matter your idea of enjoyment, you’ll find a plethora of choices in Boca Raton and its environs.

Florida Properties and Luxury Shopping at Mizner Park

Your choices in Boca Raton real estate are varied and are of equally excellent quality. Does the country club lifestyle appeal? You’ll find a diversity of Boca Raton country club homes in such exclusive communities as Mizner Country Club, St. Andrews Country Club and the world renowned Royal Palm Yacht and Country Club.

Delray Beach and Hillsboro Mile Property

Would you prefer to have your own private ocean-front retreat? Luxurious Boca Raton ocean-front estates in Highland Beach and nearby communities like Palm Beach, Manalapan, Gulf Stream, Delray Beach and Hillsboro Mile are some of the most sought-after real estate in South Florida. If an exclusive gated estate or yachting enclave is more suited to your standard of living, then explore the vast Boca Raton real estate opportunities within Long Lake Estates, The Sanctuary or The Oaks at Boca Raton.

Discover how Boca Raton Real Estate Can Enhance Your Way of Life

Boca Raton Homes for sale website is headquartered in Delray Beach, Florida. Boca Raton Homes for sale website operates in virtually every major search engine throughout the world. Our Florida Investors are focused their sights on Broward County, Miami-Dade County and especially Palm Beach County. These Boca Raton Real Estate Buyers have a special attention on the subdivisions of Boca Raton Square, Woodfield Country Club, Royal Palm Yacht & Country Club, Hidden Valley, Palm Beach Farms Boca Raton, Timbercreek, and the Boca Raton Bath & Tennis Club.

More Featured Boca Raton Real Estate Subdivisions with Homes and Condos For Sale:

Country Club Village
Royal Oak Hills
Camino Gardens
Boca Madera
Villa Rica
Fairfield at Boca
Woodfield Hunt Club
Paradise Palms
Delray Manors
Spanish River Land
Boca Tierra
Banyans of Broken Sound
Hillsboro Park
Seasons
Boca Villas
Chatham Hills
Winfield Park
Estancia of Via Verde
Woodlands
University Park Country Club Estates
Glades Landing
Boca Raton Riviera
Boca Woods
Lake Floresta Park
Bramalea
Tunison Palms
Bel Marra
Glen Oaks
Boca Harbour
Spanish Village
Vista Verde
Boca Islands
Wimbledon Villas of Via Verde
Palmetto Park Terrace
Carriage Hill
Woodfield Country Club
Pradera of Via Verde
Camino Lakes
Estancia
Lake Rogers Isle
Los Paseos of Via Verde
Patch Reef Estates
University Heights

Palm Beach County is Ripe for Single-Family Home Investors

Palm Beach County, Florida- Many Investors are searching for West Palm Beach real estate listings. The Palm Beach County area has plenty of wonderful homes for sale and check out the West Palm Beach, Florida market. Now the news wire states that West Palm Beach, as well as Fort Lauderdale offer the greatest returns for single-family home investors. Palm Beach County Real Estate Investors are starting to look at what were once riskier deals and are willing to take on more risk to get returns.

Palm Beach County and Broward County Real Estate Investments

Palm Beach County Real estate investors who are seeking to rent out single family homes would be wise to head to South Florida. Various Real Estate Specialists see the South Florida Market as an area ready to thrive. The Federal Government has many problems and has thrown us all for a loop. We can just blame Mortgage Companies as many Banks were forced to hand out Mortgages with the Community re-investment act.

Houses and Condos in Boca Raton Florida are Now More Affordable

We have some information for newer investors in the Florida Real Estate market. The definition of 'Capitalization Rate' is for all to see and use to hopefully get a positive cash flow and nice return. A rate of return on a Boca Raton real estate investment property based on the expected income that the property will generate. Capitalization rate is often used to estimate the real estate investor's potential return on his or her investment property. This is done by dividing the income the Florida property will generate (after fixed costs and variable costs) by the total value of the property.

Boca Raton and South Florida Seeing High Cap Rates?

Capitalization rates (Cap Rate) for single-family homes that are rented out averaged 12.4 percent in West Palm Beach, signifying the greatest returns among all the markets tracked by the analytics firm. Single-family homes rented out in Fort Lauderdale posted the third-best returns, offering investors a 12 percent cap rate.

Single Family Homes For Sale in Boca Raton

The national average cap rate for single family homes was 8.6 % in January 2012, down from 8.8 percent a year before but up from 5 percent in 2006. Many of the other investor-friendly markets were in the Midwest, such as Cleveland (12.3 percent cap rate) and Chicago (11.6 %).

Miami, on the other hand, actually posted a relatively meager cap rate of 7.7 percent, offering the worst returns among the nation’s largest real estate markets. Also the national apartment sector is expected to see improvement with positive rental rate trends over the next two years. The rental market is opening up many opportunities for Real estate Investors in Florida.

Boca Raton Florida Continues to be Hot Spot for Real Estate Investors

The high cap rates are a result of strong demand among Americans for rental properties, even as housing affordability sits at its highest level in more than 20 years, according to the report. Rental closings increased 11.5 percent year-over-year in 2011 and comprised 29 percent of all single-family closings. By comparison, rental closings represented just 11.3 percent of all closings in early 2006. Meanwhile, sales closings declined 9.8 percent between 2011 and 2010. The truth is that rental demand is so strong that supply is now at its lowest level in the last five years even though the volume of rental increased 2.6 percent over the last year.

Boca Raton Housing Affordability Index and Anna Kournikova

Boca Raton, Florida - Many readers keep wanting information on where Anna Kournikova's house for sale is located. We respect her tennis abilities yet don't have information on the Anna Kournikova home or condo. We do see a magnificent new Library in Boca Raton, Florida. The Owner is the sunny City of Boca Raton. The Architect, Slattery & Associates, did a terrific job with the Spanish River Library in Boca Raton Florida.

Spanish River Library in Boca Raton Florida

The Spanish River Library and Community Center offers several well-appointed and functional rooms and areas within the Library which may be reserved for meetings or private events. Detailed information about room reservations, including fees, policies, and procedures, may be found in the Facility Usage Information Packet. Rooms are reserved on a first-reserved, first-served basis, and may be applied for by completing a Room Request Application.

Boca Raton Library Architect Highlights

This Library has a beautiful lakeside patio which is helpful for Boca Raton Home sellers. The Lakeside Patio offers a gorgeous view of the lake and the flexibility and interest of multi-level seating. The Florida Architect also has a convenient rooftop terrace. The Rooftop Terrace offers yet another spectacular view of the lake for both day and evening events, along with convenient access to the Lakeside Patio, the Changing Room, and Catering Prep area.

There is also a Mezzanine which is a large open indoor space on the second floor which overlooks the Library. There is a beautiful view of the lake through the tall arched windows on the first floor.

Housing Affordability Index Hits Record High

Housing affordability conditions have reached the highest level since recordkeeping began in 1970, based on the National Association of Realtors study. NAR’s Housing Affordability Index rose to a record high 206.1 in January, in accordance with the relationship between median home price, median family income and the average mortgage interest rate. The higher the index, the greater the household purchasing power.

An index of 100 is defined as the point where a median-income household has exactly enough income to qualify for the purchase of a median-priced existing single-family home, assuming a 20 percent down payment and 25 percent of gross income devoted to mortgage principal and interest payments. For first-time buyers making small down payments, the affordability levels are relatively lower.

Homes in Boca Raton Florida are Now More Affordable

NAR President Moe Veissi, broker-owner of Veissi & Associates Inc., in Miami, said this latest data underscores buyer opportunities in today’s market. “This is the first time the housing affordability index has broken the two hundred mark, meaning the typical family has roughly double the income needed to purchase a median-priced home,” he said. “For buyers who can qualify for a mortgage, now is a very good time to become a homeowner.”

Mortgage Interest Rates Support Buying Boca Raton Houses and Condos

NAR projects the affordability index for all of 2012 will be at an annual high, with little movement in mortgage interest rates or home prices during the year. “Housing inventory levels have declined to a point where conditions are becoming much more balanced in much of the country. Florida Real estate specialists claim that If access to credit improves, we could see a much more meaningful increase in home sales. Also Florida could see a broader stabilization in home prices with modest gains in areas with stronger job growth.

Vacation Homes in Boca Raton Florida

Boca Raton, Florida - There are still a few Boca Raton Homes Investors coming from other areas of the Country. However with current traveling costs being so excessive Florida Real Estate Investors do not want to go too far from their main House. As Boca Raton Vacation-Home sales gain momentum, those aforementioned travel costs lure Buyers who live closer to Boca Raton, Florida. Sales of vacation homes are picking up as low prices pull buyers off the fence. But with travel costs rising and consumers still uncertain about the economy, many buyers are snapping up properties closer to home.

Boca Raton Real Estate and Vacation Homes

That is a change from the past decade when people often headed out of state to buy vacation homes near resorts and areas that were tourist destinations, including Orlando near Florida's Walt Disney World and the gambling Mecca of Las Vegas. Nevertheless these days, many vacation-home buyers are going old school and looking for Boca Raton properties in the more traditional-and less glitzy-vacation-home communities near where they live.

National Association of Realtors Statistics

A survey by the National Association of Realtors found that the median distance between a buyer's primary residence and his vacation home declined 19% to 305 miles in 2011 from 2010. It was the first decline since the group began keeping data in 2006.To be sure, vacation-home sales also are picking up in parts of Florida, Nevada and other states that have long catered to vacationers, although real estate agents say more of those buyers tend to be from nearby states and fewer are from far away. Also plenty of retirees still want to vacation in climates that are warm all year-round.

Boca Raton Vacation Properties in Florida

The shift in buying habits partly reflects the changing portrait of the typical vacation-home buyer. In the recent past, the vacation-home market was led by families looking for places with attractions for children as well as adults. But a growing number of buyers are older and seeking vacation homes that transition into retirement homes. Today's vacation-home buyers also are less affluent than in past years and more cost-sensitive. According to the NAR study, the average annual income of vacation-home buyers declined to $88,600 in 2011 from $99,500 in 2010.

Vacation Houses from Massachusetts to the Carolinas

Meanwhile, the values of vacation homes continue to fall, with the median sales price declining 19%, to $121,300 between 2010 and 2011, according to NAR. The trend is benefiting vacation communities near cities, including beach towns in the Northeast, from Massachusetts to the Carolinas, as well as lakefront enclaves in the Midwest and desert locales in California such as the Coachella Valley, according to real-estate agents.

Buyers for Florida Vacation Home Paying Cash

The rising cost of gas and airfares is a huge factor for many buyers. The average cost of a gallon of gasoline was $3.83 this week. While down from the two-year peak of $3.97 reached in May 2011, gas prices have been rising steadily since mid-December, when they fell to a 10-month low of $3.23 a gallon. Airfares, meanwhile, jumped 14% between March 2010 and March 2011, according to the U.S. Department of Labor.

Boca Raton Florida Remains Hot Spot for Investors

Florida remains popular with vacation-home buyers around the world, but these days an increasing number of American buyers are from neighboring states. Real Estate Investors have recently closed on a $1.3 million waterfront penthouse condos for example. Several of the waterfront communities in Boca Raton have had several closings. Other Florida Real estate Investors seek the Destin and Tampa Bay, St. Petersburg area.

Shopping Florida Homes and Retail Malls

Boca Raton, Florida - The premier Italian watchmaker expands in sunny in South Florida. Officine Panerai, which is a leading Italian luxury watchmaker, has recently opened two South Florida locations. These Retail stores are located in Bal Harbour Shops and on Worth Avenue in Palm Beach. This makes three Panerai locations in South Florida already. The Boca Raton Homes For Sale staff saw the boutique in Mizner Park of our Boca Raton. Both of the newly opened boutiques offer a selection of limited edition watches. There are only five locations in the U.S., with stores in Los Angeles and New York City.

South Florida Will Have 20 New Condo Towers

There are 20 condominium towers currently being proposed in South Florida. These condo Towers will include two downtown locations and another in South Beach. The 20 towers could have as many as 4,000 units in the area east of I-95. The moves come in part from a surge in foreign buyers prepared to pay with cash. The first condo tower near the coast to assemble a crane for vertical development is the 23 Biscayne Boulevard project in Miami. Miami Condos are a welcome change for many foreign Investors from Venezuela.

New Retail Tenants at Bal Harbour Shops

The Bal Harbour Shops Several new luxury tenants are debuting at the Bal Harbour Shops. These retail tenants include Breguet, CH Carolina Herrera, Panerai and Stella McCartney, with more on the way. The moves follow the high-profile departures of several retailers, including Louis Vuitton and Cartier; Hermes will also leave next year. It’s always been important for Bal Harbour Shops to maintain the allure of luxury. The exclusivity has always defined the Miami Shopping scene. Louis Vuitton is set to open a location in Miami’s Design District in 2014, after opening a branch at the Aventura Mall this year. The Design District is a work in progress that could end up being successful in a different kind of way.

The History Of Bal Harbour Shops

In 1965 when owner/developer Stanley Whitman opened the first exclusive high-fashion shopping center, on what had been the site of a World War II army barracks, retail experts scoffed at Bal Harbour Shops upscale store mix. At that time the norm was to mix essential service tenants such as grocery and hardware stores with retail. And with the advent of air conditioning sweeping the nation, enormous enclosed malls were being built at breakneck speed. Bucking this popular trend in shopping center development, Bal Harbour Shops was designed to celebrate the balmy beauty of South Florida. Ideally situated between the Atlantic Ocean and Biscayne Bay in the affluent village of Bal Harbour, the lushly landscaped, open-air mall didn't look or feel like any other center in America.

 Affluent Village of Bal Harbour and Paris Style Boutiques

From the beginning Bal Harbour Shops was successful largely due to Whitman's determination in persuading Neiman Marcus to open their first specialty department store outside its native Texas and in luring designer boutiques that previously could only be found along the Champs-Elysee in Paris pre-opening brochure rendering or New York's Fifth Avenue. Attracted by the immediate success of Neiman Marcus, Saks Fifth Avenue became Bal Harbour's second anchor store in 1976.

Tranquil Green Oasis With Shopping Near The Ocean

Recognized as the forerunner of luxury shopping mall developers, with many "firsts" in the industry, Stanley Whitman was considered something of a maverick. He was the first developer in the country to charge for parking; to restrict illuminated signage on store fronts and to create a "green oasis" of tranquility within the shops walkways. Traditional centers planned for horizontal expansion, while Bal Harbour was planned for vertical growth with the addition of the second level of stores in 1982.

Miami Real Estate News

Miami, Florida - We are pleased to inform Florida that the Midtown Project in Miami has sold 39 units in two weeks. The 2 Midtown property in Miami has sold 39 of its remaining 61 units in two weeks, according to Fortune International, which is marketing the condominium tower. The sales include a penthouse unit that sold for $1.5 million. Most buyers are paying all cash, although Fortune is offering a mix of financing options for some units at the project, which is just south of 36th Street in downtown Miami. The Fortune CEO Edgardo Defortuna has mentioned their Company's strategy for this Miami property to increase sales.

Midtown Miami Condominiums For Sale

The building’s assembly of spatial distinctions is married via the common areas -- its lobbies, pool, and fitness center. An internalized parking scheme removes cars from the street face, enhances pedestrian-friendliness, and integrates issues of access and security. As the flagship building in an entirely new downtown neighborhood, 2 Midtown is designed to mirror the urban plan of the “new city.” Zyscovich created a singular design whose parts convey different ways of living in terms of type, scale, and relationship to the street. A variety of types of residential and live/work units allows for professionals such as designers, artists, or architects to live in the same building as their offices or studios or to be within walking distance of them. more

Architects For Miami Real Estate Projects

Founded in 1977, Zyscovich Architects currently has over 90 employees hailing from more than 26 different countries. With a “concept to keys” approach, the firm offers an integrated practice of urban planning, architecture, and interior design. This collaboration of services enables us to provide a streamlined and cohesive solution that takes our client all the way from the inception of an idea, to the presentation of the keys to the front door.

Architect Bernard Zyscovich Pleases Miami Condo Buyers

President and Managing Partner Bernard Zyscovich, FAIA, has been probing the parameters of design innovation for more than 30 years. A dedicated preservationist and urbanist, he has served in numerous community leadership roles including Chairmanship of the Miami Design Preservation League, the organization responsible for the historic designation of the Miami Beach Art Deco District; Presidency of the Miami Chapter of the American Institute of Architects; and co-sponsorship of South Florida’s first Tropical Green Conference. Mr. Zyscovich’s writing on architecture and urban design has been published widely in numerous magazines. His book, Getting Real About Urbanism, was published by the Urban Land Institute in October of 2008. Mr. Zyscovich received his Bachelor of Architecture degree from Pratt Institute in 1971.

Midtown Miami Residential Real Estate and Retail

Midtown Miami brings together a true urban feel. The Miami area has seen its demographics grow over the past two years as it offers fantastic living and investment opportunities. The area has become a lively neighborhood embracing contemporary-design condominiums, street-level stores, cafes, restaurants, furniture stores and art galleries. The neighborhood welcomes large retailers such as Target, West Elm and Loehman’s. Looking for Miami Real Estate and getting hungry? No problem as newly opened trendy-looking restaurants such as Mercadito and Sugarcane are ready for your appetite.

Miami Condominium Prices Jump Up

Miami condo prices have increased about 46% however sales are slow. Miami residential prices posted strong positive gains for the fourth month in a row in March, with the median condominium sales price rising 46 percent compared to the same period in 2011. According to a recent report from the Miami Association of Realtors, the median sales price also rose, increasing 13%.

Miami Real Estate News On Condos

Some Miami Real Estate specialists expect this trend to continue, as Miami increasingly attracts international buyers and investors. Also there are People shopping for, second homes and vacation homes. These buyers are U.S. residents and Foreign Investors, Along with the drastic price increase came a drop in transactions, however. Sales of existing single-family homes in Miami-Dade County dropped 12 percent in March, and sales of condos fell 10.1 percent in the same period.

Boca Raton Restaurants and Homes

Boca Raton, Florida - Many People move to Boca Raton to experience the great way of living for Florida. Boca Raton has its fair share of retail, shopping malls, events and restaurants. The Boca Raton Homes for sale are scattered throughout the southern most portion of Palm Beach County. The waterfront Homes and Condominiums are plentiful. On that subject of real estate, the mortgage rates are still extremely low so it is the time for many to purchase real estate.

South Florida Businesses Expand in the Retail and Restaurant Sectors

As mentioned by many local Boca Raton Real Estate experts, South Florida is still a hotspot for Northerners to move to. One bit of good news is concerning the Yard House. The Yard House which is a very popular hops happy chain, has signed a deal to build in Boca Raton. This new Palm Beach County Yard House will make many Boca Raton Residents pleased as before they had to drive to Palm Beach Gardens to sample the eclectic menu.

Mizner Park in Boca Raton Continues to Prosper Even With Changes

The Yard House will be preparing to a open a restaurant in the former Cartoon Museum at Mizner Park in Boca Raton. This is what the area needed, a new restaurant entering the former Cartoon Museum space in Mizner Park. This was place for children in Boca Raton yet now will be a favorite for Adults. The Community Redevelopment Agency as of recently unanimously approved a resolution that would allow Yard House USA to open a restaurant in the building. This will happen regardless of what happens to the troubled Mizner Park Cultural Arts Association.

California Based Business Spreads Out in Boca Raton Florida

Jeff Uttz, executive VP and CFO of the Irvine, California based restaurant chain, said the company is “bullish” on South Florida. “We are excited about it and think that, with the existing mix of restaurants, we will blend in well,” he said. Newman thinks it'll help bring the neighborhood, rather than the other way around. "The quality, high standards and discipline will make the other restaurants take notice and sharpen their game,” he said. Yard House continues its expansion with a location opening in June in Boca's Mizner Park.

South Beach Businesses Develop in Boca Raton Florida

Red, The Steakhouse is opening in Boca Raton. Red, The Steakhouse's Boca Raton location, which in turn desires to mimic the success of its South Beach by way of numerous Cleveland locations. New steakhouses and restaurants pop up almost every day in South Florida according to Meat Eaters. Many Boca Raton Homes For Sale staff members are huge fans of steak and any beef cooked correctly. The Owners of Red, The Steakhouse believe what sets them apart from the competition and keeps their guests coming back is their mission. That mission is to offer the highest caliber service and cuisine that has become synonymous with the Red brand.

More Great Restaurants For Boca Raton Homeowners

There is a Rosso Italia, Red's Italian Sibling moving to Boca Raton also. Opening right next door to the Steakhouse is Rosso Italia. Red's Italian sister will prepare hand made pastas, brick-oven pizzas, and grilled meats and fish by chef Jonathan Bennett. They have experienced a successful restaurant opening in South Beach four years ago, so they are eager to continue with an expansion. Lucky for Boca Raton Homeowners, South Florida.is a perfect market for this brand of Rosso Italia. They will premier for a sophisticated and stylish audience eager for quality and consistency.

Housing Affordability and Boca Raton Real Estate News

Boca Raton, Florida - Anybody taking into consideration an investment in Florida Real estate should take into account the south east portion of Palm Beach County. Specifically consider Boca Raton Homes and Delray Beach Condominiums. It appears The People from the North are heading there. The Boca Raton area has stunning weather, and the retail and restaurants sector is booming. There are plenty of sources for Florida Homeowners Insurance also.

Housing Affordability Reaches New Records

Housing affordability rose to a record high during the fourth quarter of 2011, which means a home buyer’s purchasing power is greater than it ever has been before, according to the National Association of Home Builders - Wells Fargo Housing Opportunity Index.

Boca Raton Real Estate News

The index showed that 75.9 percent of all new and existing homes sold in the fourth quarter were affordable to families earning the national median income of $64,200, according to the index. That marks the highest percentage recorded in the index’s 20-year history.

Home Ownership and Boca Raton Florida Condos

"While today's report indicates that home ownership is within reach of more households than it has been for more than two decades, overly restrictive lending conditions confronting home buyers and builders remain significant obstacles to many potential homes sales, even with interest rates at historically low levels," says Barry Rutenberg, chairman of the National Association of Home Builders.

Most Affordable Cities to Purchase Real Estate

According to the index, the most affordable major housing market was Youngstown - Warren-Boardman, Ohio, in which 95 percent of all homes sold during the fourth quarter were affordable to households earning the median family income of $54,900, according to the index.

Other top affordable housing markets include: Lakeland - Winter Haven, Fla.; Modesto, Calif.; Harrisburg - Carlisle, Pa.; and Toledo, Ohio. Also ranking at the top of the most affordable major housing markets, are areas in Indiana, Illinois and Alaska.

Among smaller housing markets, the most affordable was Kokomo, Ind., where 99.2 percent of homes sold during the fourth quarter of 2011 were affordable to families earning the median income of $59,100. Other smaller housing markets at the top of the index included Fairbanks, Alaska; Cumberland, Maryland - West Virginia; Lima, Ohio; and Rockford, Illinois.

Least Affordable Cities for Home Ownership

However, some metro areas still remain too pricey for buyers. The least affordable major housing market during the fourth quarter was New York - White Plains - Wayne, N.Y.- N.J., in which 29 percent of all homes sold were affordable to those earning the area's media income of $67,400.

Higher Priced Metropolitan Ares for Home Ownership

Other high-priced metro areas at the bottom of the affordability index include: Honolulu; San Francisco - San Mateo - Redwood City, Calif.; Santa Ana - Anaheim -Irvine, Calif.; and Los Angeles - Long Beach-Glendale, California. We realize Orange County California is a beautiful area yet is expensive with the cost of living.

Do Boca Raton Homes For Sale Fit the Budget

Ocean City, N.J., where 47.5 percent of the homes were affordable to families earning the median income of $70,100, was the least affordable of the smaller metro housing markets in the country during the fourth quarter.

Affordable Housing Real Estate News and Housing Affordability Index

The housing affordability index measures whether or not a typical family could qualify for a mortgage loan on a typical home. Many Buyers and analysts will check monthly national data, quarterly national data for all buyers and for first-time buyers, and annual data for the 155 metropolitan areas also covered in the metropolitan median price series of research.

Miami South Florida Luxury Waterfront Condominiums

Pordes Residential Team Delivers South Florida Luxury Waterfront Condominium Sales Success -- Again; Tally Includes 39 Condos for Over $20 Million at ONE Bal Harbour

Aventura, FL - The luxury condominium real estate sales and marketing team at Pordes Residential Sales and Marketing has helped revitalize South Florida's waterfront residential scene.

Living The Miami Beach Lifestyle

From Canyon Ranch Living Miami Beach to Terra Beachside to Fontainebleau III and Peninsula II, its sales and marketing successes have amounted to hundreds of millions of dollars in unit sales and remarkable exit plans for investors.

Nowhere is this more evident than at ONE Bal Harbour -- the landmark condo-hotel where Pordes participated in a joint venture in January 2011. Within 15 months, Pordes sold 39 units at near-record per-square-foot prices, resulting in over $20 million in sales. Today, only three units remain.

One Bal Harbour Luxury Condominiums

"ONE Bal Harbour is like many of the luxury condominiums and condo hotels we've handled in the past. We've surveyed the market, devised a plan and executed it to perfection," said founder / CEO Mark Pordes, who pioneered his sales and marketing process in Aventura more than 20 years ago. "At ONE, our marketing attracted all-cash buyers who paid prices upward of $850 per square foot for whole-floor units. That was remarkable -- and unheard of 15 months ago."

Miami Beach and South Florida Waterfront Condominiums

Like ONE Bal Harbour, Pordes also handles onsite sales and marketing for Canyon Ranch Living Miami Beach. It previously did the same in Miami Beach for Terra Beachside and the Fontainebleau, among other properties.



A promotional juggernaut, Pordes' success has resulted in news coverage across South Florida and key feeder markets, including the Northeast and throughout the Americas. The company's most compelling story: How the Pordes team consistently repositions struggling properties beset by stalled sales or market stigma into sales successes.

More Amenities Than many Boca Raton Estate Homes

"Whether it's a premium property or the most challenging, distressed holdings where investors, lenders or developers are searching for an exit strategy, we approach every engagement with the same roadmap," said VP Michael Internoscia. "It's not about decreasing prices to fuel a liquidation. It's about strategically repositioning the asset and executing a marketing plan. We execute our sales and marketing vision to merchandize each unique asset, promote it to its fullest potential in key markets, maximize value and deliver the most return for the developers and value to the new purchasers."

Boca Raton Homes and Miami Beach Real Estate

ABOUT PORDES RESIDENTIAL SALES & MARKETING: Pordes Residential Sales & Marketing is South Florida's leading luxury, oceanfront residential real estate marketing firm working with lenders and investors to reposition assets in the condominium and condo-hotel markets. The firm's most recent projects include Canyon Ranch Living Miami Beach, ONE Bal Harbour, Peninsula II, Marina Grand and Terra Beachside. Pordes Residential also has brokered South Florida's largest bulk sales, including Nobe Bay in Miami Beach, Trump Hollywood and 2700 North Ocean in Palm Beach County. The company's time-tested strategy injects new life into projects and has proven to deliver a lucrative exit for investors