Syndicatus: US Real Estate News and Education

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South Florida’s Recent Multi-Million Dollar Sales Attract Diverse Buyers,

June 5, 2024

south florida

In a recent flurry of luxury real estate transactions across South Florida, an eclectic mix of buyers, including a former Canadian senator, the spouse of the Barnes & Noble founder, a spa chain magnate, and prominent real estate developers, have secured prestigious properties. Spanning from Miam

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Examining the Truth Behind Miami’s Declining Debt Volume...

June 8, 2024

south florida

The commercial real estate (CRE) landscape in South Florida is facing a significant wave of foreclosures in 2024, marking a shift from the recent prosperity driven by an influx of businesses and residents. This analysis highlights key cases and trends contributing to the rising foreclosure activity

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Adapting to the Boom: How Multifamily Developers in South Florida are Responding

June 9, 2024

south florida

It was the perfect moment for PMG when they decided to pivot their under-construction multifamily tower into condos in downtown Miami two years ago. The burgeoning demand for condos spurred PMG's decision to transform the planned Society Biscayne rental tower into The Elser Hotel & Residences.

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Tishman Speyer Announces $100M Acquisition of Rock Lake Business Center, Signals

June 11, 2024

south florida

Tishman Speyer has made a notable entrance into the South Florida market by acquiring the Rock Lake Business Center in Pompano Beach. The 35-acre property was purchased from IDI Logistics for $100.2 million. The industrial campus, strategically located at 3150-3250 NW 33rd St., features two fully

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Fostering Growth: Assessing Florida’s Improving Property Insurance Market...

June 12, 2024

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As the hurricane season approaches with potentially volatile weather ahead, AM Best, a leading financial rating agency, released an optimistic report on Thursday highlighting signs of improvement in Florida’s property insurance market. The cautious optimism stems from a legislative overhaul passed

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The Unsettling Reality: South Florida Condo Owners Forced to Abandon Homes Amids

June 16, 2024

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How to Avoid Being Hit with a Large Special Assessment Purchasing a condo can be a dream come true, but unexpected special assessments can turn that dream into a financial nightmare. Here are some tips to help you avoid being surprised by large fees. Understand Reserve Funding Many older co

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Governor Ron DeSantis Passes Bill Strengthening Commercial Lot Owners’ Aut

June 24, 2024

south florida

Governor Ron DeSantis has signed House Bill 1021 into law, addressing issues of power balance, fraud, and mismanagement in condo-hotel complexes. The law, effective July 1, targets fraud, election meddling, and withholding records by condo association boards and property managers. A last-minute addi

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Renowned Baha Mar Developer Secures $76.8 Million Loan for New Venture in Miami&

June 25, 2024

south florida

The original developer of Baha Mar in the Bahamas has secured a $76.8 million loan to build on eight acres in Miami’s Wynwood neighborhood. More Development, based in Miami and the Bahamas, spent over $115 million assembling six blocks in south Wynwood between 2018 and 2022 for a mixed-u

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Stanley Cup Champion Vlad Tarasenko Scores Luxury Waterfront Home in Fort Lauder

June 27, 2024

south florida

Florida Panthers right wing Vlad Tarasenko has just secured a historic first Stanley Cup win for the franchise, and he’s celebrating in style with the purchase of a new home. The 32-year-old Russian hockey star recently spent $5 million on a waterfront spec house in Fort Lauderdale. L

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Governor DeSantis Enacts New Legislation Impacting HOAs, Condo-Hotels, and Insur

June 30, 2024

south florida

Several new Florida real estate-related laws will go into effect on Monday following this year’s legislative session. Here’s an overview of the key changes: Condo and Homeowners Association Reforms (HB 1021, HB 1203): - These laws introduce criminal penalties for mismanagement by condo and h

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