Sunday, May 25, 2014
Saturday, April 26, 2014
Saturday, March 22, 2014
Florida homeowners to get $9.2B in mortgage relief
Lenders honor national settlement that impacts 120,000 borrowers statewide
March 20, 2014 Florida homeowners are set to receive $9.2 billion in relief through the National Mortgage Settlement.
The state attorney general’s office announced the nation’s largest banks honored their obligations under the settlement on Tuesday, the Palm Beach Post reported. The agreement was originally reached in February 2012. It allowed lenders to atone for some of their foreclosure-related practices after the housing market collapsed.
Of the nearly 632,000 mortgage holders nationwide to get reimbursed, 120,000 are located in Florida. A total of $50.4 billion in relief was provided by the lenders. Florida got a special guarantee promising $4 billion in principal reductions, mortgage modifications and refinancings.
“I am very encouraged by what we have accomplished so far but I realize that there are still many Floridians facing the loss of their family homes and struggling to get back on their feet,” Florida Attorney General Pam Bondi said. — Eric Kalis
Monday, February 24, 2014
Final Renzi property auctioned off for $4.2M
Vacant Miami parcel sold through bankruptcy court
February 17, 2014 01:00PM 
Renzo Renzi and John Crotty
RBC Acquisitions Group won last week’s bankruptcy auction of a vacant Miami property previously owned by a Renzi-managed company, according to bankruptcy court records. The buyer of the 1.3-acre property at 3170 Southwest 22nd Street is tied to Coral Gables-based BF Group LLC. The property’s zoning allows for residential, hospitality, office and other forms of commercial development.
The Blue on Coral Way, which was managed by Renzi, paid $1.7 million for the property in 2002. The company was unable to develop the land before the real estate downturn. It lost an $18.2 million foreclosure judgment for that property and a Brickell-area site in December 2012.
Colliers International South Florida executive vice president and partner John Crotty marketed the property to potential bidders. — Eric Kalis
For more information on real estate in South Florida please call EWM real estate agent Debbie Lazoff 305.903.0118, debbielazoff
Developer: Margaritaville on time, within budget
Jimmy Buffett-themed resort set to open in July 2015
Margaritaville rendering
Construction of the $147 million resort on five city-owned acres at Johnson Street and A1A has progressed to the fifth floor, the Sun-Sentinel reported. Developer Lon Tabatchnick said the project is on schedule and within budget following the first six months of construction.
Plans for the 349 room resort include seven restaurants and bars, oceanside pools, a wave ride and 35,000 square feet of convention facilities.
Some neighbors, including the adjacent Beach Market store, have complained about a loss of customers since Margaritaville construction began. The Johnson Street parking garage was closed before the project’s groundbreaking, which eliminated 700 spaces frequently used by Hollywood Beach visitors. — Eric Kalis
For more information on South Florida real estate please contact
Debbie Lazoff at 305.903.0118, DEBBIELAZOFF@GMAIL.COM
www.debbielazoff.com
Bal Harbour Shops boasts record sales in 2013
Dolce & Gabbana, Prada highlight group of expanding tenants at mall
Stanley Whitman
Average sales at the retail hub rose 7.4 percent from 2012 to 2013, South Florida Business Journal reported. The shops generated an average of $2,800 per square foot in sales last year. Numerous tenants, including Dolce & Gabbana and Prada, took the opportunity to expand in 2013.
“Our specialty department store category, comprised of Neiman Marcus and Saks Fifth Avenue, was up solid double digits for the year, as was our restaurant category,” Bal Harbour Shops operating partner Matthew Whitman Lazenby told the Journal.
The 6,400-square-foot Grill at Bal Harbour restaurant is set to open soon at the mall.
Bal Harbour Shops founder Stanley Whitman TURNED 95 in November. — Eric Kalis
For information on Miami real estate please call Debbie Lazoff at 305.903.0118
debbielazoff@gmail.com
www.debbielazoff.com
Monday, February 3, 2014
EWM is #1 in both total number of units sold and dollar volume of units sold
Company is #1 in both total number of units sold and dollar volume of units sold
MIAMI (January 31, 2014) – The year 2013 was a watershed year for million-dollar plus properties in Miami-Dade County, and EWM Realty International, one of the largest real estate services firms in America, and a South Florida exclusive affiliate of Christie’s International Real Estate, was at the forefront of the expansive growth.
The 50-year residential real estate brokerage firm was number one in Miami-Dade County once again last year for the total number of million-dollar-plus residences sold, as well as total dollar volume.
According to data from the Southeast Florida Regional Multiple Listing Service (MLS), EWM had a total of 420 single-family home and condo sales in excess of $1 million for the period of January 1 – December 31, 2013, reflecting $900 million in total sales. That number is 26% higher than its next closest competitor who had 334. The remaining top five brokers had a total of 295, 162 and 96 sales, respectively.
“The sale of million dollar-plus homes and condos grew by 27% in 2013 vs. 2012, “ said EWM President & CEO Ron Shuffield. “The ongoing impact of the international buyer, evolving markets such as China, and a sharp increase in the number of buyers from the northeast, continued to further South Florida’s appeal as a truly global market.”
“Miami-Dade’s million-dollar plus market has been rapidly evolving,” continues Shuffield. “With exponential growth of art and cultural offerings, the region has hit its stride in the global residential real estate arena.”
A recent report from Christie’s International Real Estate, titled ‘Atlantic Insights,’ includes Miami with New York and London as three of the most vibrant world cities currently attracting the globally affluent buyer.
In the period 2003 to 2013, the number of million dollar-plus homes and condominiums that have been sold in Miami-Dade has grown three-fold, from 628 annual sales at year-end 2003, to 1,918 at year end 2013.
As to the 2013 Top Broker Rankings for million dollar plus homes and condos sold in Miami-Dade County, they are as follows:
Rank
|
Broker
|
Total Units Sold in 2013
| |
1
|
E WM Realty International
|
420
| |
2
|
CB Residential Real Estate
|
334
| |
3
|
One Sotheby’s Int’l Realty
|
295
| |
4
|
Fortune Int’l Real Estate
|
162
| |
5
|
Douglas Elliman Real Estate
|
96
|
“Our affiliation with Christie’s International Real Estate continues to help expose Miami to the global marketplace,” concludes Shuffield. “Potential buyers from around the globe are consistently viewing our listings, furthering this area’s appeal.”
# # #
About EWM
Founded in 1964, EWM Realty International (EWM) is one of the largest real estate services firms in America. The full-service firm has 10 locations spread through Miami-Dade and Broward counties. EWM’s 800 associates and staff members offer residential and commercial real estate services, corporate relocation, and international services, as well as home mortgage and title closing services through affiliated companies HomeServices Lending, LLC and Columbia Title of Florida. EWM’s annual sales volume exceeds $2.6 billion.
EWM is the exclusive Miami-Dade and Broward Counties affiliate for Christie’s International Real Estate (CIRE), the leading and largest network of luxury, independent, real estate firms in the world, and a subsidiary of Christie's International PLC, the London-based art auction company founded in 1766. With more than 25,000 real estate professionals operating from 41 countries, the affiliate members of Christie’s market the finest residences around the globe. EWM was named the “2012 Global Affiliate of the Year” for the Christie’s Network of luxury brokerages worldwide.
In addition to Christie’s, EWM is one of the principal owners of the Leading Real Estate Companies of the World (Leading RE), the nation’s largest real estate referral network, comprising more than 500 real estate firms and 140,000 associates marketing residential properties in 30 countries. Through joint alliances with their member firms, Leading RE provides home buying and selling services to families and individuals relocating throughout the world. EWM is also a member of the luxury division of Leading RE, Luxury Portfolio, which is a collection of 200 firms focused on the marketing of luxury properties throughout 28 countries.
EWM is a wholly owned subsidiary of HomeServices of America, Inc., a Berkshire Hathaway affiliate. HomeServices is the second-largest full-service independent residential real estate brokerage firm, and the largest real estate settlement services provider, in the U.S. Through its affiliation with HomeServices of America, EWM is part of a real estate family of 20,000 sales associates spanning 21 states. For additional information, visit www.ewm.com.
Please contact Debbie Lazoff at 305.903.0118, debbielazoff@gmail.com for all of your real estate needs.
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