The Criscitos has been selling South Florida luxury and commercial real estate for over a decade and has sold over $1 billion dollars of property. They work as a multi-lingual team speaking english, Spanish, Italian and Portuguese. They carved out a niche as a leading boutique real estate company with two distinct divisions -residential and commercial- both personally overseeing by Marcela and Anthony Criscito.
Showing posts with label condos for sale in miami beach. Show all posts
Showing posts with label condos for sale in miami beach. Show all posts
Tuesday, October 15, 2013
Will Rising Rents Send Industrial Users North of Miami?
As a new social season begins on Miami Beach, renowned chefs, restaurateurs, real estate developers and hoteliers continue to invest in the city; bringing their businesses and brands here as Miami Beach ups its game, attracting an increased number of global (and U.S.) residents who are putting down stakes - and visitors who are curious about this city by the sea that is buzzed about everywhere. Brand Miami Beach has truly become an IT destination. And the numbers tell the story: Over a dozen celebrity chefs call Miami Beach home; 50 new restaurants and 13 new hotels have opened or are slated to open this year and luxury condo buildings are going up every few months. Miami Beach is a lightning rod - a beacon - and just when you thought it couldn't get any sexier or hotter, the culinary, real estate and arts scenes - among others - continues to explode. As the 2013-14 season opens, "New" is the code word all over the city.
"Year on year Miami Beach is becoming a global city, a force to be reckoned with in the real estate, hotel, restaurant and entertainment businesses," says Jeff Lehman, Chair, Miami Beach Visitor and Convention Authority (MBVCA). "No longer just a beach town, Miami Beach has evolved into a complex, urbane, chic city that is attracting the best-of-the-best around the world. Becoming more erudite and refined, this city is maturing before the world's eyes."
Miami Beach never disappoints. It is a city full of surprises, an evolving scene, a plethora of hotel, restaurant and event offerings and of course, Art Basel.... Season 2013-14 will be no different as globally recognized hotel brands - Marriott, Hyatt; celebrities, new restaurants by award-winning chefs - Michael Mina 74, Lure Fishbar; European imports - Laduree - and ultra luxe condo towers open their doors and/or put down roots on Miami Beach. The city's popularity and appeal has businesses and celebs flocking from Las Vegas, Chicago, New York and Paris.
Below is an overview of What's Hot, What's New on Miami Beach, Season 2013-14:
As a new social season begins on Miami Beach, renowned chefs, restaurateurs, real estate developers and hoteliers continue to invest in the city; bringing their businesses and brands here as Miami Beach ups its game, attracting an increased number of global (and U.S.) residents who are putting down stakes - and visitors who are curious about this city by the sea that is buzzed about everywhere. Brand Miami Beach has truly become an IT destination. And the numbers tell the story: Over a dozen celebrity chefs call Miami Beach home; 50 new restaurants and 13 new hotels have opened or are slated to open this year and luxury condo buildings are going up every few months. Miami Beach is a lightning rod - a beacon - and just when you thought it couldn't get any sexier or hotter, the culinary, real estate and arts scenes - among others - continues to explode. As the 2013-14 season opens, "New" is the code word all over the city.
"Year on year Miami Beach is becoming a global city, a force to be reckoned with in the real estate, hotel, restaurant and entertainment businesses," says Jeff Lehman, Chair, Miami Beach Visitor and Convention Authority (MBVCA). "No longer just a beach town, Miami Beach has evolved into a complex, urbane, chic city that is attracting the best-of-the-best around the world. Becoming more erudite and refined, this city is maturing before the world's eyes."
Miami Beach never disappoints. It is a city full of surprises, an evolving scene, a plethora of hotel, restaurant and event offerings and of course, Art Basel.... Season 2013-14 will be no different as globally recognized hotel brands - Marriott, Hyatt; celebrities, new restaurants by award-winning chefs - Michael Mina 74, Lure Fishbar; European imports - Laduree - and ultra luxe condo towers open their doors and/or put down roots on Miami Beach. The city's popularity and appeal has businesses and celebs flocking from Las Vegas, Chicago, New York and Paris.
Below is an overview of What's Hot, What's New on Miami Beach, Season 2013-14:
MIAMI—PortMiami is preparing for the giant cargo ships that will start traversing a deeper, wider Panama Canal in 2015. How will the increased number of containers affect the industrial market in South Florida? And how competitive will Miami be with other ports in Florida and the United States?
GlobeSt.com caught up with, Edward W. Easton, chairman of The Easton Group in Miami, to get some answers. With four decades of experience in commercial real estate and a solid focus on the industrial market, he has some clear thoughts on where we're headed.
GlobeSt.com: Just how massive are the preparations for the expansion of the Panama Canal?
Easton: The upgrades are major, about $2 billion in total. The PortMiami paid $43 million for four super-sized cranes that can handle cargo ships that each carry up to 18,000 containers versus 8,000 today.
Local government is spending $550 million on a tunnel that will enable tractor-trailers to go from the port directly to Interstate 95. Government entities are spending $122 million to deepen the PortMiami channel to 50 feet; that will make the port only one of three on the East Coast at that depth and the only one south of Norfolk, VA. The Florida East Coast Railway connector to the port is coming back on line.
GlobeSt.com: What’s the likely impact on South Florida of these massive improvements?
Easton: We should see at least a 3% improvement in the local industrial economy. There will be more industrial park tenants as more goods pass through the port and are distributed in in the northeast corridor of the United States or shipped to Latin America.
The Asia Pacific region accounts for 35% of port trade now and that should double once the canal and port are enlarged. As a result, existing companies will expand and new companies will open here to hold that cargo until it’s distributed.
GlobeSt.com: How will the increased activity affect the industrial market?
Easton: Initially, rents will go up from the current average of about $7 per square foot. Once we get to a full position from the current 94% occupancy rate, developers will start construction. However, the rents on these new buildings will be higher because of higher land and operating costs. I predict we will see rents of $9 per square foot within three years.
GlobeSt.com: Will higher rents send companies looking for cheaper space?
Easton: No. Tenants won’t move out of Miami-Dade County because any savings from lower rents would be more than offset by higher trucking costs. Plus, Port Everglades and Port of Palm Beach don’t have the infrastructure.
Just as important, the international market operates here, not in Broward and Palm Beach. Companies in Latin and South America are comfortable doing business in Miami for language and cultural reasons.
Source: http://www.globest.com/news/12_713/miami/industrial/Will-Rising-Rents-Send-Industrial-Users-North-of-Miami-338636.html
By Jennifer LeClaire | Miami
Friday, February 5, 2010
The 10 Must-Have Features in Today's New Homes
Americans want smaller houses and they are willing to strip some of yesterday's most popular rooms -- such as home theaters -- from them in order to accommodate changing lifestyles, consumer experts told audiences at the International Builders Show here this week.
"This is a traumatic time in this country and the future isn't something we're 100% sure about now either. What's left? The answer for most home buyers is authenticity," said Heather McCune, director of marketing for Bassenian Lagoni Architects in Park Ridge, Ill.
Buyers today want cost-effective architecture, plans that focus on spaces and not rooms and homes that are designed 'green' from the outset," she said. The key for home builders is "finding the balance between what buyers want and the price point."
For many buyers, their next house will be smaller than their current one, said Carol Lavender, president of the Lavender Design Group in San Antonio, Texas. Large kitchens that are open to the main family living area, old-fashioned bathrooms with clawfoot tubs and small spaces such as wine grottos are design features that will resonate today, she said.
"What we're hearing is 'harvest' as a home theme -- the feeling of Thanksgiving. It's all about family togetherness -- casual living, entertaining and flexible spaces," Lavender said.
Paul Cardis, CEO of AVID Ratings Co., which conducts an annual survey of home-buyer preferences, said there are 10 "must" features in new homes.
1. Large Kitchens, With an Island
"If you're going to spend design dollars, spend them where people want them -- spend them in the kitchen," McCune said. Granite countertops are a must for move-up buyers and buyers of custom homes, but for others "they are on the bubble," Cardis said.
2. Energy-Efficient Appliances, High-Efficiency Insulation and High Window Efficiency
Among the "green" features touted in homes, these are the ones buyers value most, he said. While large windows had been a major draw, energy concerns are giving customers pause on those, he said. The use of recycled or synthetic materials is only borderline desirable.
3. Home Office/Study
People would much rather have this space rather than, say, a formal dining room. "People are feeling like they can dine out again and so the dining room has become tradable," Cardis said. And the home theater may also be headed for the scrap heap, a casualty of the "shift from boom to correction," Cardis said.
4. Main-Floor Master Suite
This is a must feature for empty-nesters and certain other buyers, and appears to be getting more popular in general, he said. That could help explain why demand for upstairs laundries is declining after several years of popularity gains.
5. Outdoor Living Room
The popularity of outdoor spaces continues to grow, even in Canada, Cardis said. And the idea of an outdoor room is even more popular than an outdoor cooking area, meaning people are willing to spend more time outside.
6. Ceiling Fans
7. Master Suite Soaker Tubs
Whirlpools are still desirable for many home buyers, Cardis said, but "they clearly went down a notch," in the latest survey. Oversize showers with seating areas are also moving up in popularity.
8. Stone and Brick Exteriors
Stucco and vinyl don't make the cut.
9. Community Landscaping, With Walking Paths and Playgrounds
Forget about golf courses, swimming pools and clubhouses. Buyers in large planned developments prefer hiking among lush greenery.
10. Two-Car Garages
A given at all levels; three-car garages, in which the third bay is more often then not used for additional storage and not automobiles, is desirable in the move-up and custom categories, Cardis said.
Source: http://finance.yahoo.com/family-home/article/108701/the-10-must-have-features-in-todays-new-homes.html?mod=family-love_money
"This is a traumatic time in this country and the future isn't something we're 100% sure about now either. What's left? The answer for most home buyers is authenticity," said Heather McCune, director of marketing for Bassenian Lagoni Architects in Park Ridge, Ill.
Buyers today want cost-effective architecture, plans that focus on spaces and not rooms and homes that are designed 'green' from the outset," she said. The key for home builders is "finding the balance between what buyers want and the price point."
For many buyers, their next house will be smaller than their current one, said Carol Lavender, president of the Lavender Design Group in San Antonio, Texas. Large kitchens that are open to the main family living area, old-fashioned bathrooms with clawfoot tubs and small spaces such as wine grottos are design features that will resonate today, she said.
"What we're hearing is 'harvest' as a home theme -- the feeling of Thanksgiving. It's all about family togetherness -- casual living, entertaining and flexible spaces," Lavender said.
Paul Cardis, CEO of AVID Ratings Co., which conducts an annual survey of home-buyer preferences, said there are 10 "must" features in new homes.
1. Large Kitchens, With an Island
"If you're going to spend design dollars, spend them where people want them -- spend them in the kitchen," McCune said. Granite countertops are a must for move-up buyers and buyers of custom homes, but for others "they are on the bubble," Cardis said.
2. Energy-Efficient Appliances, High-Efficiency Insulation and High Window Efficiency
Among the "green" features touted in homes, these are the ones buyers value most, he said. While large windows had been a major draw, energy concerns are giving customers pause on those, he said. The use of recycled or synthetic materials is only borderline desirable.
3. Home Office/Study
People would much rather have this space rather than, say, a formal dining room. "People are feeling like they can dine out again and so the dining room has become tradable," Cardis said. And the home theater may also be headed for the scrap heap, a casualty of the "shift from boom to correction," Cardis said.
4. Main-Floor Master Suite
This is a must feature for empty-nesters and certain other buyers, and appears to be getting more popular in general, he said. That could help explain why demand for upstairs laundries is declining after several years of popularity gains.
5. Outdoor Living Room
The popularity of outdoor spaces continues to grow, even in Canada, Cardis said. And the idea of an outdoor room is even more popular than an outdoor cooking area, meaning people are willing to spend more time outside.
6. Ceiling Fans
7. Master Suite Soaker Tubs
Whirlpools are still desirable for many home buyers, Cardis said, but "they clearly went down a notch," in the latest survey. Oversize showers with seating areas are also moving up in popularity.
8. Stone and Brick Exteriors
Stucco and vinyl don't make the cut.
9. Community Landscaping, With Walking Paths and Playgrounds
Forget about golf courses, swimming pools and clubhouses. Buyers in large planned developments prefer hiking among lush greenery.
10. Two-Car Garages
A given at all levels; three-car garages, in which the third bay is more often then not used for additional storage and not automobiles, is desirable in the move-up and custom categories, Cardis said.
Source: http://finance.yahoo.com/family-home/article/108701/the-10-must-have-features-in-todays-new-homes.html?mod=family-love_money
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