Tag Archives: Miami real estate

Real Estate in Miami: Recipe for Success

Real Estate is an instrumental part of the growth of the economy, especially in Miami. Ugo Colombo foresaw this evolving era when he began investing in Miami real estate in the 1990’s. Since the 1990’s, the population and real estate opportunities in Miami have exploded, and Ugo Colombo continues to take advantage of these opportunities today.

Why the Miami Real Estate Market Has Grown

According to an article written in Forbes, “the sunshine state continues to be a popular place to call home.” Since the housing market is booming, many people are purchasing their forever homes in Miami, Florida. The luxury of owning beachfront homes is driving more and more residents to the Sunshine state, specifically Miami. Since Florida does not have state income taxes and the economy is thriving, many people feel a direct, positive influence on their financial situation after moving there. This international hotspot is home to world-leading events, and to those who crave luxury, the beginning of their best life. The nightlife and gorgeous scenic beaches make for two convincing reasons to invest in real estate properties. In addition to the high-end living conditions in Miami, incredible architectural properties are also on the market for those interested in a historical living space. Miami is the epitome of elegance and extravagant living and that is why investing in properties is key for those looking to achieve a lavish life.

Learn more about Italian-born real estate developer Ugo Colombo, CMC Group President.

The Influx of Miami Residents

Many people compare living in Miami to a dream and they’re not wrong. Miami’s climate, entertainment opportunities, and atmosphere make it a gold mine for residents. Miami also offers no income, inheritance, or estate taxes. On top of these benefits, Miami has several other amenities that are very hard to turn down when looking to invest in real estate.

The Gold Mine of Real Estate

Ugo Colombo saw these instrumental strengths of Miami back in the early 1990’s when he began investing in real estate. According to All American Moves, “most people love Florida and would move to Miami without a second thought.” Often referred to as the “Magic City”, Miami is attractive to all demographics due to its contagious, lavish culture, spectacular beaches, and wide assortment of entertainment and it is arguably one of the best nightlife scenes in the United States. The glitz and the glamour are everything it is made out to be and that is why people hone in on this luxurious Miami lifestyle. In general, Miami is not just seen as a good investment opportunity, but it is seen as a location where people can live a good life, and this may be why there has been a rise in residents. What’s stopping you from sipping freshly squeezed orange juice in the Sunshine state? Your dream home could be waiting for you in Miami.

Learn more about Italian-born real estate developer Ugo Colombo, President of CMC Group.

The Brickell Flatiron is Officially Open

Ugo Colombo’s latest real estate project, the Brickell Flatiron, is officially completed. This building is a 64-story, 527-unit tower, and is a beautiful contributor to the downtown Miami skyline. This project broke ground in early 2017 and has since gone through exceptional progression to become the beautiful building you see today. Ugo’s passion for Miami real estate combined with Luis Revuelta’s eye for design has created a real estate masterpiece. The interior architect Massimo Iosa Ghini created a seamless transition from exterior to interior by introducing the concept of fluid, continuous space.

Successful Outcomes

The CMC Group has received its temporary certification of occupancy which means that closings will begin right away. The Brickell Flatiron is about 95 percent sold, with more than half of that percentage consisting of domestic end-user buyers. The lowering of deposit requirements to 30 percent at the beginning of this year has attracted more U.S. buyers to the building. This project has been a success story and Ugo Colombo already has another project in the works which is sure to be another beautiful contribution to the Miami skyline.

Learn more about Italian-born real estate developer Ugo Colombo, President of CMC Group.

The Key to Success in Real Estate Development

Some may think that the key to success in the real estate development industry is to take on as many projects as possible and hope for the best. However, expertise, attention to detail and planning are the true key elements to being successful.

Plan, Plan, Plan

CMC Group Founder, Ugo Colombo, was recently named a Power Leader in Real Estate by the South Florida Business Journal. He is an alumnus of the University of Miami with a degree in business administration. When asked what his key to a successful career is, his answer was simple. He only takes on one or two projects at a time and pays extreme attention to detail to each one.

He added that planning in the beginning stages of a project is crucial to the project’s success. It’s very similar to racing, if you aren’t prepared for the turn seconds before, there may be big consequences to pay. The same goes for real estate, if enough planning isn’t done before the project breaks ground, the price will be paid during or at the end of the project.

International Luxury Living in Miami

Forty years ago, Miami had a totally different look and feel than it does today. When you look at Miami now, you will see a beautifully diverse city with unique buildings and people. This diversity can be explained by the great value that Miami real estate offers on a global scale. Locals find the pricing of Miami real estate to be incredibly expensive, but foreigners see low prices for luxurious living.

Global Influence

Ugo Colombo brought his Italian architecture and design to his luxurious buildings in Miami. However, Italy is not the only country that will be seen and felt in Miami’s culture. We may see a number of unique architectural designs that are influenced by a number of different cultures as more foreigners dive into the inexpensive Miami real estate market. Although Miami real estate may seem expensive to locals, according to the Worldwide Cost of Living Report by the Economist, Miami is ranked at number 71 in the list of most expensive cities. Singapore, Paris, and Hong Kong were all tied for first place. These numbers indicate that inexpensive luxury living in Miami will bring in more foreigners who are eager to get into this market while the prices are so low. With more and more foreigners entering the city, Miami will become an even bigger melting pot and will see cultural benefits from all the new and unique backgrounds.

Sources:

https://www.miamiherald.com/news/business/real-estate-news/article230496564.html

https://www.eiu.com/topic/worldwide-cost-of-living

Miami Skyline at dusk

New Miami Real Estate Study: Where to Invest

The polling firm Bendixen & Amandi International and the Miami Herald conducted a survey in June of 2017 to evaluate the current state of the Miami Real Estate market. The survey was focused on the mid-range market, so luxury real estate agents’ perspectives were less of a focus–an interesting move, being that the luxury market is bustling in Miami.

The survey was based in the idea that the best investments in Miami real estate lie in appreciating property values. They found that the hottest neighborhood in Miami is Miami Beach. Specifically, Miami Beach is the best place to purchase an apartment, and the best neighborhood for young professionals.

If you are in the market for a single-family home, the research suggests that the best investment would be found in the Coral Gables area. Another notable mention is the Brickell area, which a survey respondent (a real estate agent or broker) said was “one of the hottest areas for millennials”.

Interestingly, the most undervalued neighborhood is Homestead, which is known for gated communities, new restaurants and shopping, as well as the Homestead Hospital. They believe the next emerging market, with a good ROI over the next five years, is Little Havana.

Overall, the survey revealed that 36% of respondents believe real estate values in Miami-Dade County will appreciate, and 73% believe that now is the time to own, rather than rent.

Ugo Colombo has helped shape the Miami real estate market as a commercial and residential developer. Starting out in the Brickell community, Ugo also had a huge stake in redefining the market in South beach by rejuvenating the Waldorf and Casa Grande.
To read more about this study, visit The Miami Herald.

Miami Real Estate Gaining Momentum

Despite real estate prices falling in many parts of the country, the Greater Miami real estate market in August posted gains in both volume and median prices for single-family homes.  The Miami Downtown Development Authority reports that the area is experiencing growth, and the population should surpass 100,000 by 2021. [1]

Ocean Drive Magazine reports on some of the reasons that the Miami real estate market continues to thrive, including speaking with Ugo Colombo.

One of the reasons is that international buyers are interested. Miami is more accessible by air, and strengthening currencies in some countries gives international buyers more purchasing power.  Ugo Colombo told Ocean Drive that he’s seeing buyers from Latin America, Europe, Turkey and even Kazakhstan.

Of course, the best thing about the Miami real estate market is that it’s in Miami. Between the weather, beaches, and the lifestyle, Miami is a great place to live.

Read more at https://oceandrive.com/why-miami-real-estate-continues-to-thrive

[1] http://www.miamidda.com/business_research_current.asp

Ugo Colombo Acts as ‘Visionary Developer’ Panelist at Miami Luxury Real Estate & Design Summit

Visionary Developer Panelists

Ugo Colombo along with other “Visionary Developer” Panelists (Source: Haute Living)

The 2016 Miami Luxury Real Estate & Design Summit, hosted by Haute Residence, was held at 1 Hotel & Homes in Miami Beach on Friday, May 13.  The networking event included the topmost real estate giants from Miami and it featured the foremost power players of different industries, with four panels: “The Next Generation of Power,” “Power Brokers,” “Visionaries in Design,” and “Visionary Developers.”

Ugo Colombo acted as a panelist for the “Visionary Developers.”  This panel included some of the most significant people that can be credited with shaping the city of Miami and converting it into the amazing place that it is today. Ugo Colombo sat on the panel with Gil Dezer, Edgardo Defortuna, Russell Galbut, Camille Douglas, and Carlos Rosso.  Ugo Colombo, and each of these visionary developers, have played an important part in forming Miami’s top luxurious real estate.

Read more about the 2016 Miami Luxury Real Estate & Design Summit.

Ugo Colombo: Miami Mover

Spring Home & Design Issue

Source: Indulge

In the “Spring Home Edition” of Indulge, Ugo Colombo is named as one of the people who move Miami.

In this interview with Ugo Colombo he discusses his first paying job, his philosophy on building, his greatest accomplishment (Bristol Tower), his thoughts on trying new things, and he reveals something many people don’t know about him (he doesn’t consider himself an extrovert).

As a mover in Miami, Ugo Colombo also shares his views about the evolution of Miami saying:

“In Miami 30 years ago, there was nothing….But I saw the potential of the location.  I always believed Miami would grow and become a major metropolis because of its proximity and appeal to Europe and Latin America.  We just needed to build the infrastructure for people to come.  Today, Miami is probably surpassing the quality of life in Los Angeles.”

Learn more about Ugo Colombo is this edition of Indulge

Ugo Colombo Indulge Magazine

Source: Indulge

Ugo Colombo: The Importance of Quality and Excellence

Ugo Colombo “insists on quality, and it shows in every project that he takes on,” says an article from JuMiami Real Estate.  “He chooses properties with only the very best views of the city and the ocean, and he also insists that his designers use only the highest quality materials.”  It is this attention to quality that has given Ugo Colombo his reputation for achieving excellence!

Miami skyline

Source: JuMiami

One recent area of excellence is Ugo Colombo’s Brickell Flatiron.  Brickell Flatiron, which broke ground in March of this year, is selling units and Ugo Colombo is pleased with this pace.  He is certain all Brickell Flatiron units will be sold by the time it opens.  It’s “a sign of a healthy market,” says Colombo and it is “his insistence on the best quality is what he believes will help him to sell all of his units at Brickell Flatiron….”

Read more about Ugo Colombo on JuMiami Real Estate