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Labor Day

Posted by on Sep 1, 2014 in Blog | 0 comments

A Nationwide Holiday

Article by the US Department of Labor

labor dayThe form that the observance and celebration of Labor Day should take was outlined in the first proposal of the holiday — a street parade to exhibit to the public “the strength and esprit de corps of the trade and labor organizations” of the community, followed by a festival for the recreation and amusement of the workers and their families. This became the pattern for the celebrations of Labor Day. Speeches by prominent men and women were introduced later, as more emphasis was placed upon the economic and civic significance of the holiday. Still later, by a resolution of the American Federation of Labor convention of 1909, the Sunday preceding Labor Day was adopted as Labor Sunday and dedicated to the spiritual and educational aspects of the labor movement.

The character of the Labor Day celebration has undergone a change in recent years, especially in large industrial centers where mass displays and huge parades have proved a problem. This change, however, is more a shift in emphasis and medium of expression. Labor Day addresses by leading union officials, industrialists, educators, clerics and government officials are given wide coverage in newspapers, radio, and television.

The vital force of labor added materially to the highest standard of living and the greatest production the world has ever known and has brought us closer to the realization of our traditional ideals of economic and political democracy. It is appropriate, therefore, that the nation pay tribute on Labor Day to the creator of so much of the nation’s strength, freedom, and leadership — the American worker.

As one of Miami’s best realtors, you will find that I am honest & knowledgeable with over 10 years of experience selling homes in numerous areas within Miami-Dade. As a Miami native, I not only know but specialize in many neighborhoods including Coconut Grove, Coral Gables, Pinecrest, Palmetto Bay, Key Biscayne, Miami Beach, High Pines, and South Miami.

If you are considering buying or selling your home and would like to work with an excellent realtor who specializes in any of these areas, feel free to contact me directly at 786-488-9756 or email me at John@JohnSeidel.com today for your consultation. I look forward to hearing from you.

Check back with us frequently as we are constantly posting the latest sales, statistics, and local news on Miami’s Real Estate market.

4 Tips for Furniture Arrangement

Posted by on Aug 30, 2014 in Blog | 0 comments

Furniture Placement 101

Article by Realtor.org

Traditional DesignYou step into a room and you know something is off but you can’t pinpoint it. Could it be the furniture arrangement?

Home design writer Fred Albert with the Houzz editorial staff offers up several tips on proper furniture arrangement. Here are four of his tips, along with some tips from HGTV.com, on finding the right balance when furnishing a space.

1. Pinpoint a focal point: What do you want to highlight in the room? A fireplace or the beautiful view it offers to the outside? Arrange the furniture to highlight the focal point. Have the largest piece of furniture, such as the sofa, pointed toward the room’s focal point.

2. Create balance: You can achieve balance by using symmetrical or even asymmetrical arrangements, depending on the feel you want to create in the room. In formal areas, symmetrical tends to work best, such as two alike sofas across from one another. If you want a room to feel more casual, you might do an asymmetrical arrangement, such as a sectional across from two small arm chairs.

3. Good flow: Consider how traffic will walk through the room. You’ll want to be sure to keep a path between doorways. Albert recommends allowing 30 to 48 inches of width for major traffic routes and a minimum of 24 inches of width for minor ones.

4. Mix in some contrast: Consider combining straight and curved lines in furnishings. For example, Albert notes that if the furniture is modern and linear, you might consider throwing in a round table for greater contrast. If the furniture is curvy, add in an angular piece.

 

As one of Miami’s best realtors, you will find that I am honest & knowledgeable with over 10 years of experience selling homes in numerous areas within Miami-Dade. As a Miami native, I not only know but specialize in many neighborhoods including Coconut Grove, Coral Gables, Pinecrest, Palmetto Bay, Key Biscayne, Miami Beach, High Pines, and South Miami.

If you are considering buying or selling your home and would like to work with an excellent realtor who specializes in any of these areas, feel free to contact me directly at 786-488-9756 or email me at John@JohnSeidel.com today for your consultation. I look forward to hearing from you.

Check back with us frequently as we are constantly posting the latest sales, statistics, and local news on Miami’s Real Estate market.

Real Estate Loans Grow About 10% at SoFla’s Biggest Banks

Posted by on Aug 29, 2014 in Blog | 0 comments

Some institutions boosted by acquisitions, others cite favorable market conditions for increase

Article by the Real Deal

ease of getting a mortgageThe 15 largest South Florida-based banks expanded their real estate loan portfolios in the first half of the year by an average of 10.2 percent, according to quarterly financial statements filed with the Federal Deposit Insurance Corp.

Several of the leading banks based in Miami-Dade, Broward and Palm Beach counties boosted real estate loan volume through acquisitions. But some also see favorable market conditions in the region for organic growth in real estate lending.

From January through June, 11 of the 15 largest South Florida banks expanded their real estate loans outstanding, including construction and land development loans and residential, commercial and multifamily mortgages.

The largest increase reported was at Weston-based Florida Community Bank, whose loans rose to $2.4 billion from about $1.6 billion, a 55 percent jump. The gain included $596 million in real estate loans stemming from Florida Community’s Jan. 31 acquisition of Great Florida Bank of Coral Gables.

Stonegate Bank of Fort Lauderdale recorded a 54.5 percent increase in real estate loans to more than $1 billion as of June 30, up from $672.8 million at the end of 2013. The increase reflected its Jan. 16 acquisition of Florida Shores Bancorp and its two subsidiary banks, which added $555 million to Stonegate’s loans and other assets.

During the spring, Miami-based Capital Bank, which operates in Florida, Tennessee and the Carolinas, purchased $46 million of residential mortgage loans to Florida borrowers with an average loan-to-value ratio of 63 percent, helping to lift the five-year-old bank’s total loans outstanding to $4.7 billion.

“This is the first portfolio we’ve purchased since forming the bank, but we intend to continue looking at additional opportunities,” said Chris Marshall, Capital’s chief financial officer, during last month’s quarterly earnings conference call. “Even without the portfolio purchase, Florida’s [loan] production increased nicely from the first quarter.”

Eugene Taylor, Capital’s chairman and CEO, said during the call that business conditions in Southeastern markets like Miami “offer some of the best growth prospects in the United States.”

Miami Lakes-based BankUnited fattened its real estate loan portfolio in the first six months of the year by 16.5 percent to $7.16 billion from $6.14 billion.

During BankUnited’s quarterly conference call last month, the bank’s Florida president, Thomas M. Cornish, cited the Brickell area of Miami as a rejuvenated hot spot for real estate developers, who are making greater use of cash than borrowed money to fund their projects.

“We are extremely familiar with all of the developers in that area and what’s going on, and I can tell you that Florida is back,” Cornish said, “there is significantly less leverage in this market than was here in 2004 and 2005 and 2006. So, we think it is a healthier return to this level” of development.

John Kanas, BankUnited’s chairman, president and CEO, said during the call that overall business conditions are robust in the bank’s two main markets: New York and South Florida.

“We continue to enjoy the business climate in our two primary markets,” Kanas said. “We see no abatement in the growth of both these markets.”

The 15 largest banks based in South Florida expanded their construction and land development loans in the January-June period by an average of nearly 15 percent, the fastest growth rate among the major real estate loan categories.

Leading the growth in the segment was Construction and land development loans grew Boca Raton-based 1st United Bank of Boca Raton, with a 61 percent jump. Coral Gables-based Mercantil Commercebank posted a 45.6 percent gain, City National Bank of Florida a 25.9 percent jump and BankUnited a 23.8 percent increase.

Commercial real estate loans represented the second-fastest-growing category of real estate loans in the first half of the year.

Thirteen of the 15 banks surveyed added to their portfolios during the January-June period. Among all 15 banks, growth in the category averaged 12.3. The leaders were Florida Community Bank, with a 46.4 percent gain, Stonegate Bank, with a 46.3 percent jump, BankUnited, with 25.6 percent growth and Miami-based Helm Bank USA with 18.2 percent.

Residential mortgages increased in the first half by an average of 11.5 percent at the 15 largest banks. Residential mortgage volume increased fastest during the period at Stonegate Bank (80.7 percent) and Florida Community Bank (76 percent).

Loans secured by multifamily dwellings were the slowest-growing category of real estate loans. They grew by an average of 6.7 percent during the six-month period at the 15 banks surveyed.

Multifamily loans outstanding increased at eight of the 15 banks in the first half of the year, including a 45.3 percent increase at Florida Community Bank, 31.5 percent increase at Stonegate Bank, 28.5 percent increase at Helm Bank USA and an 18.6 percent increase at Mercantil Commercebank.

As one of Miami’s best realtors, you will find that I am honest & knowledgeable with over 10 years of experience selling homes in numerous areas within Miami-Dade. As a Miami native, I not only know but specialize in many neighborhoods including Coconut Grove, Coral Gables, Pinecrest, Palmetto Bay, Key Biscayne, Miami Beach, High Pines, and South Miami.

If you are considering buying or selling your home and would like to work with an excellent realtor who specializes in any of these areas, feel free to contact me directly at 786-488-9756 or email me at John@JohnSeidel.com today for your consultation. I look forward to hearing from you.

Check back with us frequently as we are constantly posting the latest sales, statistics, and local news on Miami’s Real Estate market.

Park Grove Condos in Coconut Grove

Posted by on Aug 28, 2014 in Blog | 0 comments

Coconut Grove’s Bayfront Welcomes Three Luxury Condo Towers

Park Grove Coconut GroveComing to Coconut Groves most sought after bayfront site spanning 5.2 acres at 2701 South Bayshore Drive are three luxurious condominium towers that will house 298 units within the three residential buildings designed by top international talents OMA and Rem Koolhass – Architects, and William Sofield – Interior Designer. Also included in the project is a bank, retail shops and restaurant space.

OMA has taken the traditional rectangular condos and created an elongated and curved approach by slightly pinching the mid-section of the building. The buildings will be built right at the water and have exterior walls made of glass maximizing residence amazing views of Biscayne Bay while allowing natural light to filter into the home. Sofield’s design for the living areas allows for sun-filled rooms creating the perfect Park Grove Interiorsetting for entertaining or relaxation. The open kitchens are trimmed with the finest finishes and top of the line appliances. Another rare feature of the units is the quite spacious balconies.

For more information, prices and floor plans on Park Grove Condos contact me.

As one of Miami’s best realtors, you will find that I am honest & knowledgeable with over 10 years of experience selling homes in numerous areas within Miami-Dade. As a Miami native, I not only know but specialize in many neighborhoods including Coconut Grove, Coral Gables, Pinecrest, Palmetto Bay, Key Biscayne, Miami Beach, High Pines, and South Miami.

If you are considering buying or selling your home and would like to work with an excellent realtor who specializes in any of these areas, feel free to contact me directly at 786-488-9756 or email me at John@JohnSeidel.com today for your consultation. I look forward to hearing from you.

Check back with us frequently as we are constantly posting the latest sales, statistics, and local news on Miami’s Real Estate market.

Open House – 2325 Lincoln Ave, Coconut Grove

Posted by on Aug 26, 2014 in Blog, Coconut Grove Real Estate, Listings | 0 comments

“Part of a Progressive Brokers Open”

Wednesday, August 27th from 12-2 PM

Excellent Location & Luscious Courtyard

Coconut Grove Real Estate For Sale

4 Bedrooms

2325 Lincoln AveBeautiful Spanish style architecture with luscious tropical courtyard entrance in excellent location close to Kennedy Park, Fresh Market and Coconut Grove. Upon entrance into the vast living and dining room you are greeted by the light and bright ambiance along with the high ceilings, beautiful Travertine floors found throughout the first floor and the stunning Brazilian IPE wood staircase that stands as the focal point. Stroll through to the family room and open kitchen that overlook the tropical pool and patio area. The kitchen boasts beautiful wood cabinetry, granite countertops and stainless steel appliances. There are four bedrooms and three full bathrooms upstairs. The half bath is located downstairs. The upstairs has gorgeous wood floors throughout except in the bathrooms which have marble flooring. The bathrooms also have wall to wall marble. There is a large walk-in closet in the master suite as well as an open balcony overlooking the pool area.

2325 Lincoln AveOther features of the home include:
• 4th Bedroom is a Large Office/Den
• Full Hurricane Impact Windows & Doors
• High Open Ceilings
• Crown Molding Throughout
• Laundry Room Upstairs
• 1 A/C Unit Upstairs
• Separate A/C Unit Downstairs
• 1 Car Garage 13 x 24 FT w/High Ceilings
• The Approximate Living Area Per Appraiser is 3,450 Sq Ft

Property details: 4 bedrooms, 3.5 bathrooms, 3,450 sq ft, 6,515 lot size

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2325 Lincoln Ave, Coconut Grove, FL 33133

$1,390,000

(Click here to view a video presentation of this Coconut Grove Real Estate For Sale)

As one of Miami’s best realtors, you will find that I am honest & knowledgeable with over 10 years of experience selling homes in numerous areas within Miami-Dade. As a Miami native, I not only know but specialize in many neighborhoods including Coconut Grove, Coral Gables, Pinecrest, Palmetto Bay, Key Biscayne, Miami Beach, High Pines, and South Miami.

If you are considering buying or selling your home and would like to work with an excellent realtor who specializes in any of these areas, feel free to contact me directly at 786-488-9756 or email me at John@JohnSeidel.com today for your consultation. I look forward to hearing from you.

Check back with us frequently as we are constantly posting the latest sales, statistics, and local news on Miami’s Real Estate market.

OPEN HOUSE in Coral Gables!

Posted by on Aug 24, 2014 in Blog, Coral Gables Real Estate, Listings | 0 comments

OPEN HOUSE August 24th from 12-2 PM

Coral Gables Real Estate for Sale

Back on the Market in Center Gables at lowest price in the area!

Open house in Coral Gables in Great Location! Charming Art Deco Beauty. When you enter this Beautiful home, you walk into a room with Volume Beamed Ceilings. It also features Hardwood floors, Fireplace, 2 bedrooms upstairs, 1 car garage, Nice covered patio and Yard. Close distance to the Youth Center, Miracle Mile, Restaurants and Shopping and to the Trolly. A must see.

Property details: 2 bedrooms, 1 bathrooms, 1,361 sq ft, 5,750 lot size

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334 Sarto Ave, Coral Gables, FL 33134

$429,000

(Click here to view a video presentation of this Coral Gables Real Estate listing)

As one of Miami’s best realtors, you will find that I am honest & knowledgeable with over 10 years of experience selling homes in numerous areas within Miami-Dade. As a Miami native, I not only know but specialize in many neighborhoods including Coconut Grove, Coral Gables, Pinecrest, Palmetto Bay, Key Biscayne, Miami Beach, High Pines, and South Miami.

If you are considering buying or selling your home and would like to work with an excellent realtor who specializes in any of these areas, feel free to contact me directly at 786-488-9756 or email me at John@JohnSeidel.com today for your consultation. I look forward to hearing from you.

Check back with us frequently as we are constantly posting the latest sales, statistics, and local news on Miami’s Real Estate market.

Miami ranked among most expensive world cities

Posted by on Aug 22, 2014 in Blog | 0 comments

Miami ranked 14th globally by London-based Knight Frank

Article by the Real Deal

 

miami wall streetMiami has been ranked 14th on a global list of the nation’s most expensive real estate by London-based Knight Frank, a residential and commercial real estate consultancy.

And it’s no surprise that the report credits Miami’s high prices to foreign buyers, according to CBNC.

“Miami’s ultra-luxury condo market — where prices start at $10 million — is performing better than the overall luxury market from a price perspective,” noted Peter Zalewski, a principal with the Miami real estate consultancy CraneSpotters. “The recovering economy and the surging stock market in the United States combined with economic and social strife overseas in places like Argentina, Russia and Venezuela are working to create competition for ultra-luxury real estate in popular but stable international destinations like Miami.”

There are currently 45 Miami condos on the market priced at or above $10 million, Zalewski told CNBC. And in the first seven months of the year, five units in that price range sold.

As one of Miami’s best realtors, you will find that I am honest & knowledgeable with over 10 years of experience selling homes in numerous areas within Miami-Dade. As a Miami native, I not only know but specialize in many neighborhoods including Coconut Grove, Coral Gables, Pinecrest, Palmetto Bay, Key Biscayne, Miami Beach, High Pines, and South Miami.

If you are considering buying or selling your home and would like to work with an excellent realtor who specializes in any of these areas, feel free to contact me directly at 786-488-9756 or email me at John@JohnSeidel.com today for your consultation. I look forward to hearing from you.

Check back with us frequently as we are constantly posting the latest sales, statistics, and local news on Miami’s Real Estate market.

Just Reduced! – 7751 SW 168th St

Posted by on Aug 21, 2014 in Blog, Listings, Palmetto Bay Real Estate | 0 comments

Beautiful Palmetto Bay Renovation – JUST REDUCED

Palmetto Bay Real Estate For Sale

JUST REDUCED! Beautiful home renovated in 2004 boasts Italian porcelain floors 7751 SW 168 Stthroughout, custom wood cabinetry in the kitchen with granite counters, stainless steel appliances and double wall oven, designer hardwood doors, marble counters in bathrooms, Jacuzzi whirlpool in the master bathroom, plus more. This home also includes impact windows, Bahamian shutters, complete privacy gate with electronic gate entrance, and a two car garage. The home overlooks the canal (no ocean access) and the pool patio deck, redone in 2008 with the pool resurfaced in Diamond Brite and the patio floor covered in chiseled travertine marble. The property brags a huge 22,100 SQ FT lot with 330 FT water front and 400 FT ficus hedges. Great location!! Great Schools!!

Property details: 3 bedrooms, 2 bathrooms, 2,523 sq ft, 22,100 lot size, 330 ft waterfront

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7751 SW 168th Street, Palmetto Bay, FL 33157

Reduced to $599,000

(Click here to view a video presentation of this Palmetto Bay Real Estate For Sale)

As one of Miami’s best realtors, you will find that I am honest & knowledgeable with over 10 years of experience selling homes in numerous areas within Miami-Dade. As a Miami native, I not only know but specialize in many neighborhoods including Coconut Grove, Coral Gables, Pinecrest, Palmetto Bay, Key Biscayne, Miami Beach, High Pines, and South Miami.

If you are considering buying or selling your home and would like to work with an excellent realtor who specializes in any of these areas, feel free to contact me directly at 786-488-9756 or email me at John@JohnSeidel.com today for your consultation. I look forward to hearing from you.

Check back with us frequently as we are constantly posting the latest sales, statistics, and local news on Miami’s Real Estate market.

Wall Street Making a Killing of South Florida Rentals

Posted by on Aug 21, 2014 in Blog | 0 comments

Investment firms turning distressed properties into rentals — and jacking up the rates

Article by the Real Deal

Miami RentalsSouth Florida rentals are lining the pockets of Wall Street investors, who bought up distressed properties during the housing crises and are now leasing them out at top dollar. And rents could go even higher.

“If you look at how rents have gone up steadily, constantly since 2009, it seems like rents could continue to go up,” Peter Zalewski, the principal of CraneSpotters, told Miami Today.

Rents are currently peaking in Greater Miami, with asks east of Interstate 95 in Miami-Dade increasing by 24.3 percent since 2010 to $1.74 per square foot. Meanwhile rents west of I-95 have increased 17.7 percent to $1.33 per square foot, according to CraneSpotters data.

“What we’re seeing is the largest transfer to real estate from Floridians – taxpayers, homeowners and residents – to Wall Street investment firms and foreign investment firms,” Bruce Jacobs, a Miami foreclosure attorney and host of the “Debt Warriors” radio show, said.

As one of Miami’s best realtors, you will find that I am honest & knowledgeable with over 10 years of experience selling homes in numerous areas within Miami-Dade. As a Miami native, I not only know but specialize in many neighborhoods including Coconut Grove, Coral Gables, Pinecrest, Palmetto Bay, Key Biscayne, Miami Beach, High Pines, and South Miami.

If you are considering buying or selling your home and would like to work with an excellent realtor who specializes in any of these areas, feel free to contact me directly at 786-488-9756 or email me at John@JohnSeidel.com today for your consultation. I look forward to hearing from you.

Check back with us frequently as we are constantly posting the latest sales, statistics, and local news on Miami’s Real Estate market.

Just Reduced in Center Gables

Posted by on Aug 18, 2014 in Blog, Coral Gables Real Estate, Housing, Listings | 0 comments

Coral Gables Real Estate for Sale

Charming Art Deco Beauty in a Great Location! As you enter into this picturesque home, you are greeted by the living room and it’s volume beamed ceilings. Also featured in the living room is a fireplace that stands as a focal point. Stroll through the dining room, to the kitchen and through the family room to the covered outdoor patio and lushes back yard. The bedrooms and bathroom are up stairs. The home also features beautiful hardwood floors throughout and a 1 car garage. With its excellent location, you are close to the Youth Center, Miracle Mile, restaurants and shopping. It is also close to the Miami Trolley. Definitely a must see.

Property details: 2 bedrooms, 1 bathrooms, 1,361 sq ft, 5,750 lot size

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334 Sarto Ave, Coral Gables, FL 33134

JUST REDUCED $425,000

(Click here to view a video presentation of this Coral Gables Real Estate listing)

As one of Miami’s best realtors, you will find that I am honest & knowledgeable with over 10 years of experience selling homes in numerous areas within Miami-Dade. As a Miami native, I not only know but specialize in many neighborhoods including Coconut Grove, Coral Gables, Pinecrest, Palmetto Bay, Key Biscayne, Miami Beach, High Pines, and South Miami.

If you are considering buying or selling your home and would like to work with an excellent realtor who specializes in any of these areas, feel free to contact me directly at 786-488-9756 or email me at John@JohnSeidel.com today for your consultation. I look forward to hearing from you.

Check back with us frequently as we are constantly posting the latest sales, statistics, and local news on Miami’s Real Estate market.