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2007 (3)
Friday, December 21, 2007

Holiday Real Estate Opportunities

 

As December approaches its Christmas and Kwanzaa celebrations, you’re probably scrambling to buy the remaining gifts for the last remaining people on your list or going to supermarkets looking for the ingredients to use in preparing your holiday feasts.  There’s also a possibility that one of your resolutions for next year is selling the home you’re currently living in.  December can actually be an opportune time for selling real estate.

 

Behind all the festivities and rapturous celebration lies some great perks you can use to your advantage in getting your home sold quicker.  Among them is making the extra effort to decorate your home to look its best and using this time that is quickly coming to a close to ensure it dazzles when the lights come on.  Particularly during such a time, an elegantly luminous home can sway a buyer who would otherwise not be interested in your home’s visual appeal.

 

So you’re all revved up and ready to astound real estate buyers with a carefully thought out blueprint of how you want to go about decorating your home for the holidays but alas, the price tags on those lights that do twenty different synchronized movements and the giant automated snow globe are simply out of the question.  If the window for selling is short, you may have to scale back your efforts to something closer to your budget.  Otherwise, the answer may be waiting the day after Christmas.

 

Head to any store selling holiday decorum and you’ll notice pretty much anything that has to do with the holidays has had its price chopped almost in half.  Something that carried a price of seventy dollars now costs an inexpensive $28.  You can either save these items for use next year or use them to complement the end of 2007 festivities.  Things are also shaping up to be favorable for the real estate market next year which should also justify these purchases.

 

As long as you’re not putting yourself into any kind of irrecoverable debt or setting back your saving efforts, don’t feel guilty about splurging a little more than you intended in getting your home sold.  December is when people can be convinced to overindulge more on items they’d normally scoff at so the odds of catching the eye of a young man looking to buy a home for him and his fiancĂ©e to live in is much greater.

 
Posted at 10:50:27 AM

Monday, December 3, 2007

News Article
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Posted at 11:22:36 AM

Monday, June 11, 2007

High-rises, high hopes

High-rises, high hopes

BY ANDRES VIGLUCCI AND MATTHEW HAGGMAN

aviglucci@herald.com

 

COURTESY OF THE TERRA GROUP

BIG PLANS: In 2005, this rendering of the condo tower was envisioned for the area behind the historic Freedom Tower.

In downtown, from Brickell Avenue north to the Edgewater neighborhood, up the Miami River and down historic Coral Way, great chunks of Old Miami are fast disappearing in a cloud of dust. In its place, the New Miami -- a dense, steel-and-glass forest of condo towers -- is rising from the rubble.

 

The scope, scale and speed of the transformation are breathtaking. More than 114 major projects, most of them high-rise condos, are under construction or in the planning stages in the urban core along Biscayne Bay.

 

Citywide, developers are proposing more than 61,000 new condominium units -- eight times the number built during the past decade.

 

The projects encompass the tallest skyscraper in Florida, a 74-story spire higher than any residential building south of Manhattan, almost four million square feet of new retail space (nearly as much as two Aventura Malls) and parking for more than 100,000 cars.

 

''You have a wave of development underway here in Miami that is unprecedented, bigger than anything, bigger than Hong Kong in the boom years of development,'' said former Portland, Ore., councilman Charles Hales, a transportation consultant working on a plan for a Miami streetcar line.

 

Not since the post-World War II housing boom that multiplied Miami-Dade County's population fivefold, to more than one million people, has the region experienced anything comparable. But that took almost 20 years.

 

''We are building an instant city; what should take 15 years will take three,'' said Michael Cannon, a Miami real-estate analyst. The boom struck suddenly, unexpectedly, first a trickle of projects, then a torrent. Cash has poured in from Latin America, New York and, increasingly, Europe, the result of converging market forces -- slashed interest rates, a cheap dollar -- and a worldwide infatuation with Miami among the chic and moneyed.

 

It all amounts to a multibillion-dollar gamble, outdoing in risk and bravado the 1920s boom that made Miami a modern city: That given waterfront location, a sunny climate and a hip, international culture, intensive downtown residential development can catapult Miami into the first rank of world cities.

 

Elected officials, in particular Miami Mayor Manny Diaz and Miami Commissioner Johnny Winton, are counting on the boom to reverse downtown's long decline, to turn its seedy blocks and outlying neighborhoods into a scintillating, working urban hub with a vibrant street life.

 

''Just five years ago we were broke; we had zero development,'' Winton said. ``I'm going to bet you that when we're done -- I don't know when that will be -- historians will identify this as the most significant and rapid transformation of an American city.''

 

What precisely will the boom deliver? It's too soon to tell, experts say.

 

But this convulsion of development is already remaking not just Miami's skyline, but its streets and neighborhoods and likely its population, too.

 

If it stays on track, the boom promises a fundamentally different Miami -- more urban and congested, but also more cosmopolitan and, given the high prices the condos command, probably wealthier.

 

It also raises serious concerns. In the absence of a ready plan, how will the city cope with thousands of expected new residents and the traffic they will generate, given antiquated infrastructure, limited public transit and a shortage of parks and open space? Will Miami residents, among the nation's poorest urban dwellers, be displaced or priced out of new housing?

 

That is, if the planned condos actually get built, sold and occupied.

 

As the boom takes on the feel of a gold rush, real estate analysts, bankers and even some developers fear it's a mirage, a bubble fueled by speculators looking to resell condo units for a quick profit, and not by true buyer demand.

 

If developers build too much, and speculators can't find buyers for resale, the boom could bust, leaving Miami littered with vacant and bankrupted buildings or, worse, unfinished towers and bare lots.

 

SIGNS OF FUROR

 

For now, though, signs of the furor are everywhere.

 

Sales centers for multimillion-dollar condos that tout the merits of high-rise living sprout up across the city. Brokers push Miami condos in farflung locales, from Caracas and Bogotá to New York and France's Cte d'Azur. Lavish condo parties are thrown by developers several times a week, and advertisements for the high-rises fill the pages of local magazines and newspapers, including The Herald.

 

Downtown Miami is a thicket of construction cranes. Much of the landward side of Biscayne Boulevard has been razed, and the footings and columns of what will soon be a wall of six colossal condos, each more than 50 stories, are becoming visible.

 

''Where else are you near the water, 10 minutes from Miami Beach, 15 minutes from the airport and have access to public transportation?'' said Daniel Kodsi, chief executive of Boca Raton-based Royal Palm Communities, which plans a high-rise condo called Paramount Park across from AmericanAirlines Arena.

 

There is so much building that developers are struggling to find qualified contractors and subcontractors.

 

Sales and resales in the mid-six figures, and well beyond, have become commonplace. Towers of 300 units sell out in a day, with buyers coming in the main not from Miami, but from other parts of the country and the world.

 

''Miami, New York and Los Angeles have become the three cities in the U.S. where people want to be,'' said Joe Cayre, chairman of Midtown Group, which is building eight condo towers on the site of the old Florida East Coast Railroad yards in Wynwood.

 

They are people like Sal Loduca, who plans to leave Manhattan and his family's Long Island food business to open a brick-oven pizzeria at Cayre's Midtown Miami.

 

''Everyone's making the move to Miami. How could you not? It's a great opportunity. Miami's full of life,'' Loduca said.

 

`CRITICAL COMBUSTION'

 

Real estate broker Philip Spiegelman calls the confluence of factors propelling this boom a ``critical combustion.''

 

Among them:

 

• Across the country, young people and so-called ''empty-nesters'' have been returning to urban centers, in part because of long, wearing commutes from outlying suburbs. At the same time, a dwindling supply of easily developable land in western Miami-Dade and Broward counties has prompted developers to look eastward.

 

• A shortage of waterfront property elsewhere led developers to Miami's acres and acres of vacant bayfront land.

 

• Low interest rates have fueled record home-buying, while aging baby boomers are increasingly seeking second homes in sunny or exotic places.

 

• A cleaner local government has made Miami attractive to lenders and investors who once thought the city too risky, unsafe or corrupt.

 

• The weak dollar has made Miami an alluring bargain for Europeans and Latin Americans. And compared to other urban centers like New York City, Miami remains cheap.

 

Then there is the other factor, anecdotal and unquantifiable: the speculator.

 

''As much as 85 percent of all condominium sales in [downtown Miami] are accounted for by investors and speculators,'' housing analysts at investment firm Raymond James warned in a March report.

 

Banks have started to back off lending on condo projects, or have instituted new rules to avoid giving mortgages to investors.

 

Spiegelman sold the condo units in the Marina Blue condo going up on Biscayne Boulevard.

 

''One hundred percent of the buyers were investors and speculators,'' he said. ``Anyone who tells you their projects are different are deluding themselves.''

 

ZONING-CODE OVERHAUL

 

The pace of development is so furious that it has overtaken the city's planning efforts.

 

Only now is the city getting around to a long-promised overhaul of its outdated zoning code, a complete rewrite meant to ensure that new development produces lively, pedestrian-friendly streetscapes and respects open spaces and established neighborhoods, while weaving it all together into a cogent urban fabric. The rewrite, dubbed Miami 21, will be phased in over two years.

 

Yet more than 100 large-scale projects, most of them in and around downtown, have already been approved or are under construction.

 

Public-transit improvements like Metrorail extensions, a light-rail line to Miami Beach and the contemplated city streetcar are years away, raising fears of gridlock.

 

Quipped Cannon, the real estate analyst: ``Maybe we need to give every buyer of a condo in the urban core a Segway.''

 

There are other worries.

 

Some skeptics, noting the high condo prices and the out-of-town provenance of buyers, fear that instead of the diverse, working 24-hour downtown that city leaders envision, the boom will instead create a seasonal playground for the rich, a Monte Carlo on Biscayne Bay.

 

''I bet those buildings are going to be empty a lot of the time,'' said Joel Kotkin, an urban historian and consultant who has written about the rise of what he calls ''ephemeral cities'' -- places like San Francisco, Berlin and parts of New York that increasingly cater to the rich, the childless young and tourists.

 

''Maybe this is Miami's karma, to be this kind of place, a temporary, hip, cool, nomadic population serviced by a poor population,'' said Kotkin, author of The City: A Global History. But, he added: ``History shows a city has to maintain some sense of a middle-class character if it wants to thrive.''

 

`MISSING LINK'

 

Yet there's relatively little in the new downtown priced for working families. ''The missing link here is in creating housing that the middle class can afford,'' said Rafael Kapustin, a longtime downtown property owner who pioneered the conversion of old downtown offices and hotels into modestly priced condos and apartments.

 

In partnership with a big developer, the Related Group, Kapustin developed two affordable loft condos, with units averaging around $150,000, now under construction in the inner core of downtown. But their Loft II project may be the last of its kind because of the surging cost of land and construction, he said.

 

City leaders are sanguine. They say it will take years for all the planned condos to be built and occupied, allowing time to absorb new residents, build public amenities and improve transit.

 

While few city residents can afford waterfront condos, thousands of moderately priced condos and rental apartments are being built by private developers in adjacent Overtown and neighborhoods like Little Havana and Allapattah, many with direct city subsidies, according to a recent report from Miami Mayor Diaz.

 

`SELF-REINFORCING CYCLE'

 

And gradually, as new residents move into downtown, businesses, shops, restaurants, neighborhood retailers and services will follow, said Neisen Kasdin, a land-use lawyer and former Miami Beach mayor.

 

''It becomes a self-reinforcing cycle,'' Kasdin said. ``Yes, there will be a large segment of temporary residents, but as the city continues to grow as an international business city, it leads to the continued growth of a permanent community.''

 

Meanwhile, the city has instituted measures that strengthen the planners' hand in shaping an attractive, livable downtown: hiding parking garages inside buildings; lining sidewalks with shops, offices, dwellings and restaurants; and keeping garage and service entrances off Biscayne Boulevard and other main arteries.

 

'We used to sit here and say, `Someday,' '' said Miami Planning Director Ana Gelabert-Sánchez, alluding to the city's long-frustrated hopes for a downtown revival. ``Well, someday is here.''

 

Herald staff writer Larry Lebowitz contributed to this report. 

 
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Posted at 12:04:07 PM

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Real Estate News
Updated: Monday, December 10, 2018


4 Essentials for Building a Home Office

The key to staying efficient and on-task is to set up your own dedicated workspace. If yoursquo;ll be working at home, building a home office helps create an environment of productivity and replicate a traditional office feeling within your own home. Of course, you should consider a few essentials when setting up an office of your own.

Lighting

According to some sources, the fluorescent lights many traditional office buildings use can be damaging to your eyes. When designing your own office space, you have control over the types of lighting you choose, as well as how bright or dim they are while you work. Choosing options that fit the projects you work on will help you create the perfect lighting system. You should also consider factors like what can protect your eyes and adjust to outside conditions if your home office has a window.

Desk and chair

Getting a desk and chair for your office may seem like a no-brainer, but therersquo;s more to it than picking out something to write on and something to sit on. Since yoursquo;ll be spending a lot of time in your office chair, you should make sure it provides adequate support and comfort for the long haul.

You should also make sure your desk is well-suited for long days of work. Set up a system of organization for paperwork and any knickknacks you have lying around. In addition, try to use your desk only for work as much as possible. Training your brain to have a dedicated space during work hours can help you stay on-task when yoursquo;re working at home.

Necessary technology

Remote workers often lean on technology to connect to others they work with and complete tasks. Itrsquo;s important to invest in good equipment, from keyboards to storage. In addition, because yoursquo;ll most likely be working online, itrsquo;s important to have a strong internet connection. Keeping up-to-date on all the technology yoursquo;ll need will help prevent tech-based headaches, especially because you wonrsquo;t have an in-house IT department to fix any issues.

Decorations

Since yoursquo;ll be spending a good chunk of each week in this one room, it needs to be a place you find aesthetically appealing. Adding a few decorations can personalize your office and make it a place where you feel comfortable and happy. A word of caution: it can be easy to go overboard on decorations and end up creating visual distractions for yourself. With this in mind, be thoughtful about the items you choose to put in your space. Plants and simple wall art can help your space feel inviting without catching your eye every time you sit down.

Conclusion

Once yoursquo;ve got your home office set up and ready to go, yoursquo;ll be able to promote a productive and enjoyable workday in the comfort of your own home. Fostering the perfect space to foster productivity and creativity is key to a successful remote working experience.


> Full Story

The Best Holiday Gifts 25 And Under Can Buy

Unzipped Glass Zipper Bag, 16.50

Is it a plastic bag? No, itrsquo;s a glass piece created to look like a plastic bag. This is just the type of unique, kitschy gift your friend, colleague, or loved one willhellip;well, love.

Automatic Pan Stirrer with Timer, 25

Letrsquo;s admit it. That constant stirring is the worst part about cooking, are we right? Anyone who loves spending time in the kitchen will appreciate this gift.

Mood Ring Thermochromic iPhone Case, 17.98

This just might make you wish you didnrsquo;t upgrade your phone to the X This cool case fits iPhones 6ndash;8 and reacts to touch, just like a mood ring.

14-Piece Stainless Steel Bartending Set, 24.99

Behold the perfect hostess gift Yoursquo;ll undoubtedly see this 14-piece stainless steel bartending set againhellip;the next time you come over

Hamilton Beach Quesadilla Maker, 14.99

Who doesnrsquo;t want to make restaurant-quality quesadillas at home? Forget the microwave. This is the real deal.

KitchenAid Stainless Steel Utility Whisk, 9.80

This falls somewhere between a stand mixer and a hand mixer, and, at under 10 each, yoursquo;ll want to buy one for everyone

Good Housekeeping Instant Pot Cookbook, 10

When you canrsquo;t afford the Instant Pot, you can at least go with the cookbook.

Kaia Naturals Detox Hot Bath, 15

Your Type-A friends and anyone who needs to chill will love these natural hot baths, ldquo;with revitalizing ingredients like matcha, turmeric, and spearmintrdquo; that allow them to ldquo;easily be able to moisturize, soothe, and unwind,rdquo; said Womanrsquo;s Day.

Bar>

Staying over with family or friends during the holidays? Come bearing this gourmet, artisanal brunch accoutrement. Yoursquo;ll be the hit of the party

LifeStraw Personal Water Filter, 11.99

This one is perfect for your favorite adventurer. ldquo;When theyre stranded out in the wilderness without anything to drink in a misguided attempt to become Bear Grylls, this handy little stick might literally save their life by turning the dirtiest sludge into drinkable water,rdquo; said Esquire.

Its Saturday Morning: Celebrating the Golden Era of Cartoons 1960s - 1990s, 20.39

Give a walk down memory lane this holiday season with this wonderfully nostalgic book thats sure to put a smile on the recipients face.


> Full Story

7 Model Home Ideas to Steal for Your Home

Getting color ideas

Model homes are ra>

1 The color is by and large not used large scale, meaning, all the walls of every room wont typically be painted in bold or bright colors;

2 The main color scheme generally flows from room to room. The shades and placement of color may be different, but there is a coherent look and feel throughout the home that makes it feel finished.

If you want to introduce color without covering every surface, consider these tips from Lennar: "You can add color to a space without painting walls. Pop color with pillows, rugs flowers and artwork. If you do add color to walls, use it sparingly. A painted feature wall can be a great backdrop for a bed or built-in cabinets."

General design inspiration

You may not have thought about putting certain colors together or layering a bunch of patterns in one room or choosing tile that looks like wood instead of real wood... but you will once you see what theyve done in model homes. If youre in a design rut or youre not sure how to take the first step toward modernizing your space, walk through the models. Consider not just what you see, but how you feel in the space. Starting to feel >

Incorporating the newest trends

Looking to redo your kitchen? Touring a model will give you some great ideas about how to handle the layout and materials. It may not have occurred to you to take down your double-height island and continue the counter height the full length, but this is a hot kitchen trend intended to capture the open space feel. Seeing all-white cabinets may inspire you to have your dark wood cabinetry painted, and the quartz counters are sure to inspire you to start researching new countertop options.

Treating small spaces

In general, the less crowded a room is, the more airy it will feel. But that doesnt mean leaving it empty. Furniture placement is key to creating a space with form and function. Notice how the office in the room above has just the right amount of furniture. And instead of placing the desk up against the wall, its been floated, which allows the eye to more easily move around and makes the space feel larger.

Getting space planning tips

Model home designers are great at disguising awkward spaces with creative solutions and showcasing spaces with furniture thats to the perfect scale and placed in such a way that it shows the room in its best light. If youve got a weird spot in your home that you dont know what to do with or are having trouble figuring out what furniture to buy or where to put it, studying what theyve done in a few models might help you figure it out.

Styling a guest room

Go stand in the guest room in the model down the street. Simple, clean, and elegant, right? Excited to go home and redo your guest room? Remember three key things: lighting, pared-down accessories, and crisp bedding.

Getting your kids rooms just right

Kids rooms are often some of the most challenging spaces to design, because its a slippery slope between a creative space and a circus room. Model home designers love to theme these spaces or give them some pizazz, and they often get the balance just right.


> Full Story



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