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Progressive to Discontinue 100,000 Home Insurance Policies in Florida: Examining

October 5, 2023

south florida

In another blow to Florida homeowners, another insurer is withdrawing from the Sunshine State. Progressive has confirmed its decision to discontinue 100,000 home insurance policies across Florida, with initial non-renewal notices slated for distribution in December, as reported by WFLA. This move wi

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New Workforce Apartment Complex by Shadi Shomar and Partners Set to Bring Afford

October 5, 2023

south florida

Shadi Shomar, co-founder of the luxury hotel company Arte Hospitality, along with his partner Gonzalo De Ramon, have proposed the development of a 159-unit multifamily complex for the workforce near Homestead. The plan entails constructing two four-story buildings on a 3.5-acre parcel, currently un

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Expanding Excellence: Meet the 5 Exciting New Stores Coming to Miami Beach’

October 5, 2023

south florida

Miami Beach's iconic Lincoln Road, known for its outdoor shopping and dining, is set to welcome five new tenants by the end of October. These additions will join the existing 200 shops, galleries, and restaurants that line the eight blocks of Lincoln Road. The promenade attra

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Florida Surpasses New York to Become the Second Most Valuable Residential Real E

October 5, 2023

south florida

Florida has now overtaken New York as the second most valuable housing market in the United States, as reported by Zillow. The state's rapid population growth during the pandemic significantly contributed to the surge in real estate value. The market escalated from $2 trillion in January 2020 to a s

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Breaking Ground: Aria Development Group and Partners Secure $77 Million Loan for

October 6, 2023

south florida

Aria Development, in collaboration with its partners Largo Investments and Place Projects, is in the planning stages for a boutique condominium featuring five stories and a total of 105 units. A joint venture led by Aria Development Group secured a $77 million construction loan for the upcoming pro

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Broward County Condo Market Sees Significant Decline in September with $251M in

October 6, 2023

south florida

In September, Broward County saw a decline in condo sales and dollar volume, marking a return to the downward trend following a brief uptick in August. Brokers finalized 820 condo sales in Broward in September, amounting to a total of $251 million. This was a decrease from August, when there were

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Qatar’s Al Thani Family Sells SLS Brickell Hotel for $55M to Albanian Cong

October 7, 2023

south florida

The SLS Brickell hotel in Miami has been sold for $55 million by members of Qatar's ruling royal family, the Al Thanis, to the Albanian conglomerate Kastrati Group. The transaction was facilitated by Miami attorney Charles Ratner, who serves as the president of the entity representing Kastrati. Loc

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Downfall of Downtown Miami Project: Lawsuit Accuses Developer Yair Levy of Finan

October 7, 2023

south florida

Yair Levy, a New York-based developer with a controversial history, faces challenges in realizing his vision for the Time Century Jewelry Center in downtown Miami. A lawsuit filed on September 19 in Miami-Dade Circuit Court claims that Levy, the majority owner of the property via an affiliate of his

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Related Companies Expands Affordable Housing Portfolio with $30M Investment in H

October 7, 2023

south florida

New York-based Related Companies, led by Steve Ross, has made another significant acquisition in the affordable housing market. Following their recent purchase of a Miramar affordable housing complex, Related has acquired the Federation Plaza building in Hollywood for $29.7 million. The property, co

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Expanding Miami International Airport: County Considers $45 Million Lot Acquisit

October 7, 2023

south florida

Miami-Dade County is considering a strategic acquisition near Miami International Airport to support its expansion plans. The proposed $45 million purchase involves an 11.5-acre site at 2800 N.W. 39th Ave. from Simkins Airport Property LLC, managed by experienced real estate investors Michael Simkin

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