The construction market shows signs of stirring with the groundbreaking of an Aventura high-rise, where the asking price begins at $1 million. Martin Z. Margulies made his fortune building a series of high-end properties that dot the South Florida coastline. He’s spent much of that wealth collecting and subsidizing contemporary art, both here and around the world.
“Our state is in a mini-recovery,” said Florida Realtors® Chief Economist Dr. John Tuccillo at the state association’s 2012 Real Estate and Economic Forecast Conference in Orlando. “Sales are trending up, listing inventories are falling, the supply of lender-related properties has stabilized, and we are seeing multiple offers on homes in some local markets