ERA Real Estate Blog

Government Building is LEED Certified

We wrote recently about green construction in the Cayman Islands and have since learned that the new Government Office Accommodation Building (GOAB) has received Silver certification from LEED - Leadership in Energy and Environmental Design. (more…)

Cayman Property a World of Opportunity in 2012

We can all attest to the natural beauty, charm and allure the islands bring us, the exceptional weather, diverse offering of restaurants sure to please even the most disconcerting palate, as well as a host of entertainment and business offerings easily accessible to ensure you can conduct business with ease while meeting all of your pleasure and vacation demands during...

Hurricane Construction Standards

New home construction in the Cayman Islands adheres to strict local standards that are designed to take tropical weather, including hurricanes, into account. The local standards are derived from best practices in Florida which have been fine-tuned over many decades... (more…)

Green Construction

Cutting-edge building techniques that produce eco-friendly structures have taken root in the Cayman construction industry. The Sailfish Estate in Sunrise Landing on Grand Cayman is an exemplar of modern green construction. And Cayman Enterprise City has... (more…)

Cultural and Environmental concerns

Today's headlines include notice of a rally by protesters who are opposing part of the ForCayman development. The protesters object to the closing off of a segment of West Bay Road - the segment that currently includes access to Public Beach. This segment also includes the last section of West Bay Road with direct views of the water. This protest...

Expansion plans at Morritt’s Tortuga

Last week the developers of Morritt’s Tortuga Club and Morritt’s Grand Resort announced a $58mil expansion starting in 2012. This announcement echoes end of year forecasts predicting that construction and development will recover in 2012. And at the same time... (more…)

Cayman Real Estate…. Definitely a Happy New Year 2012 from Moody’s Global Rating Agency

Moody’s, the Global Credit Rating Agency, has given the Cayman Islands a rating of Aa3 for their recent attempts to improve the economy, which would end in a fiscal surplus and reduction in debt.  Moody’s said that the rating was given for the Cayman Islands’ high per capita gross domestic products, the highest among British colonies, and their low debt...

Cost of Construction in Cayman

BCQS, the well-known property development and consulting firm, has released its market trend report for 2011. Key among the trends presented is that construction costs, after rising for the last several years, are predicted to drop in coming years. In BCQS's analysis, Cayman ranks... (more…)

The Right Real Estate Professional?

How do you choose? How do you choose among all the real estate companies? We all sell the same properties, some better than others. Typically, we all use the Multiple Listing System (MLS) that gives us access to everything that is for sale on the island. We agree that looking... (more…)

Cayman Property News… Jeanette Totten, President of the Cayman Islands Real Estate Brokers Association

Congratulations to our own Jeanette Totten on her appointment as the First Woman President of the Cayman Islands Real Estate Brokers Association. The Cayman Islands Real Estate Brokers Association (CIREBA) began operating as the only professional association of Realtors for these islands in 1987.  Jeanette has worked in the Real Estate Industry in the Cayman Islands for over 27 years....

Major renovations for the Marriott

Cayman has four premier hotels operated by international brands. One of them, the Grand Cayman Marriott Beach Resort, has just announced major renovations in 2012 under new ownership. Private Equity Group has joined Gencom Group and Marriott as a major shareholder in the property. (more…)

Cayman Property News – Shetty Hospital Land Deal Signed!

This week brings some very positive growth signs in Cayman Property News! On 24 November, 2o11, the Developers for the Shetty Medical Tourism Hospital completed their purchase of a site located in East End. Mr. Joseph Imparato, as well as Dr. Shetty's Team will act as "co-developer" on the site. Mr. Imparato will focus his development support on the hotel...

The Shetty Hospital – business, residential and more

Ambitious is a great word to describe property development in the Cayman Islands. In the past couple of years, several ambitious projects have been announced or launched – Cayman Enterprise City, ForCayman, The Barcadere and the Shetty Hospital. Each of these is a... (more…)

Cayman’s Premier festival…Pirates Week 2011

Pirates Week 2011 is the National Festival of the Cayman Islands! 10 Days of Heritage, Local Food, Crafts, Competitions, Street Dances and so much more! This festival is the kick-off for Cayman Islands high season leading up to Thanksgiving & Christmas bringing tourists from all parts of the world! Pirates Week takes place every November and is one of the...

Cayman Enterprise City Courts Virgin Produced

Cayman Enterprise City (CEC), the special economic zone designed to bring more business to the Cayman Islands, is in the news again with the announcement that the developers are in discussions with Virgin Produced. This announcement gives a recognizable face – Virgin Produced as a client in the media park – to the concept of building... (more…)

Camana Bay wins Travel Weekly award

Camana Bay has this week won the Travel Weekly Magellan Award 2011 in the category of Caribbean - Overall Destinations – Best Waterfront Development. Camana Bay, a mixed commercial and residential development, is a stunning example of New Urbanism planning. The property stretches from Seven Mile Beach across the West Bay... (more…)

By-pass extension creates commercial space

Commercial real estate activity in Cayman has not suffered the decline that residential property has in the last two years. In spite of a down economy, Cayman’s business sector thrives due in part to the high percentage of professionals living here. When the ForCayman Alliance completes the bypass from Seven Mile Beach to West Bay, a whole new arena... (more…)

Will changes in immigration laws help real estate?

The Cayman Islands government is considering abolishing the term limit imposed on foreign employees. With no more restrictions on their residency limits, these employees would likely feel much better about purchasing property. We are eager to see if even news of the possibility of such a suspension might spur... (more…)

Cayman Luxury leading the market using the latest marketing tool- QR codes

Cayman Luxury Property Group is leading the real estate industry using QR codes, the latest marketing tool. QR codes enable customers to search for property information using their smart phones. “We are excited to be the first real estate company in the Cayman Islands to offer our customers this innovative tool,” says Broker Jeanette Totten. “QR codes allow... (more…)

Cayman Enterprise City

Cayman Enterprise City (CEC) is an ambitious development, a partnership between Hon Cayman Properties Ltd. and the Cayman Islands Government, which has made the news several times since January. It will be the first special economic zone (SEZ) in the Americas and is modelled on similar SEZs in Dubai and other locations... (more…)