Miami’s real estate market has been plagued for the past few years by exorbitantly high deposit prices. With a down payment on a pre-construction condo running upwards of 50 percent turning away potential buyers for so long, it’s no wonder the annual purchase rate of homes has been in steady decline. While larger firms don’t find this trend a serious… Read more →
Raanan Katz moved to the United States in the hopes of becoming an NBA basketball player. He was an impressive three point shooter on the Israeli national team and moved to the United States in 1962 to try out for the Boston Celtics. He was one of the last players cut from the team, so his dreams of becoming an NBA player quickly switched to his other passion, real estate. He quickly realized the benefit of preserving and maintaining his apartment so that he could sell it at a higher price in the future. Over the next 15 years, Raanan was able to purchase over 2,000 apartments in Boston and began his own real estate development company, RK Associates. In 1979, he moved to Miami, Florida and started to purchase commercial properties. His company was eventually re-branded as RK Centers.
Raanan Katz Bio:
How do real estate developers find the best commercial deals? Commercial properties are typically known to generate more cash flow than residential properties, so it only makes sense that real estate developers ears perk up when they hear about a new opportunity for a commercial real estate deal. Below are 7 tricks to understanding a good commercial real estate deal.… Read more →
In Miami real estate news, 1,200 condo units remain unsold that were built before the housing boom in 2003. With this information, real estate developers in Miami are still proposing the development of 260 new towers with 36,000 new units. Despite the housing crisis in 2008, condo developer sales generated over $23.2 billion with an average of $397 per square… Read more →