Julia Echikson on Muck Rack

Julia Echikson

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United States
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Articles

In the Miami-Area Condo Market, There Are Two Narratives

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By Julia Echikson Verified
| Commercial Observer Verified
CMC Group and Fort Partners didn’t expect this level of demand. When the developers soft launched their Four Seasons-branded condo in Miami’s Coconut Grove neighborhood two years ago, they had little more than architectural drawings — no email blast, no press release, not even proper renderings. And, yet, two months later, merely through word of mouth, buyers had already placed contracts on 30 percent of the residences at the 70-unit development, where prices average roughly $10 million.
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Publix Buys Second Retail Center Near Boynton Beach

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By Julia Echikson Verified
| Commercial Observer Verified
Publix’s South Florida shopping spree continues. The Lakeland, Fla.-based grocery store chain paid $24 million for one of the shopping centers it anchors near Boynton Beach, Fla. — nearly doubling the property’s value in just two years, records show. SEE ALSO: Penthouse at 80 Clarkson Street In Contract With $80M Asking Price Called Aberdeen Square, the 71,191-square-foot, open-air retail center sits adjacent to the South Military Trail at 4966 Le Chalet Boulevard.
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South Florida’s Billionaires Wave Is Swamping the Region for Good and Ill

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By Julia Echikson Verified
| Commercial Observer Verified
When private equity executive Jason Wright paid $14 million for a waterfront property in Miami Beach’s gated Sunset Islands enclave four years ago, some observers thought he had overpaid. After all, the seller was flipping the home for a staggering 50 percent profit in less than two months. Fast forward to today, Wright seems poised to have the last laugh. In May, the investor put the property up for sale, as well as the one next door, for a combined $110 million.
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