Brown Harris Stevens continues to expand in Miami, as the real estate brokerage has opened an office in Key Biscayne.

Coldwell Banker named best-selling brokerage in Miami/Fort Lauderdale

Caldwell Banker Residential Real Estate ranked as the top residential real estate company for sales volume in the Miami area in 2016, the company announced in a press release.

The brokerage closed $3.32 billion in sales on 6,755 transactions last year, the best sales record of any office in the area in 2016, the company said.

“Our success is the direct result of the talented and passionate affiliated sales associates, staff and leadership that make up this brokerage. I am honored to work with these individuals who truly demonstrate their commitment to unparalleled customer service each and every day,” said Clark Toole, president of Coldwell Banker Residential Brokerage, Florida.

Luxury broker expanding in Key Biscayne

Brown Harris Stevens continues to expand in Miami, as the real estate brokerage has opened an office in Key Biscayne, the company has announced.

It’s the companies’ second office on the luxury island, and it was celebrated by a grand opening party on June 8 that included a ribbon cutting with the mayor of Key Biscayne. It is located at 328 Crandon Blvd. The offices will help expand their presence to capitalize on the growing international attention the area is getting.

“Key Biscayne is a distinct marketplace catering to affluent multi-nationals who value the professionalism and astute discretion each of our Realtors posses,” Phil Gutman, executive vice president and managing broker at Brown Harris Stevens in Miami Beach.

Biscayne Beach Condo units moving fast

Despite worries that Miami’s luxury condo market is oversaturated, sales figures from some luxury buildings show another story. Take the newly-completed Byscayne Beach condo tower in Miami’s East Edgewater neighborhood.

Of the 391 units in the 52-story luxury tower, only three are available, the developer said in a statement. Two of those available units are penthouses and one is considered a “beachhouse.” They are priced from $1.6 million to $9.4 million.

The developer, Two Roads Development and GTIS Partners, have been able to pay their $120 million construction loan back ahead of schedule.  “The overall success of the closings at Biscayne Beach, alongside the record setting pricing for the East Edgewater neighborhood, is something we are all very pleased with,” said Rob Vahradian, senior managing director of GTIS Partners.