Syndicatus: US Real Estate News and Education

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Florida Court Reviews Controversial Law Restricting Chinese Ownership of Propert...

October 8, 2023

south florida

A group of plaintiffs has urged a federal appeals court to block a new Florida law that restricts people from China from owning property in the state. They argue that the law constitutes unconstitutional and egregious national-origin discrimination and violates the federal Fair Housing Act. The plai

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Assessing the Decline: Examining the Decrease in Office Leasing Activity in Sout

October 9, 2023

south florida

Over the past three years, South Florida has gained a reputation as a hub for financial firms relocating from New York, Chicago, and San Francisco. Major players like Thoma Bravo, Apollo Capital Management, Founders Fund, and Citadel have secured offices across the tri-county area. This surge in ac

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The Rising Tide of Overpriced Real Estate: Uncovering the Factors Behind South F

October 9, 2023

south florida

The greater Miami area, spanning Broward and Palm Beach counties, holds the 11th spot on the list of the most overvalued areas in the United States. Notably, Florida features prominently with nine other metropolitan areas among the 15 most overvalued cities out of the 100 cities examined. Profess

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Unveiling the Top City: Miami Takes the Spotlight in World’s Best Cities&#

October 9, 2023

south florida

Miami has secured a notable position in the World’s Best Cities’ 2024 ranking, affirming its status as one of the most desirable cities on the global stage. The assessment scrutinized over 270 cities worldwide, evaluating them based on three key factors: livability (including aspe

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Michigan Hoteliers’ $21M investment: Hampton Inn in Plantation, FL...

October 9, 2023

south florida

Malik Abdulnoor and Sahir Malki, hoteliers based in Michigan, have made their second significant investment in South Florida's hospitality market this year. They acquired the Hampton Inn Fort Lauderdale/Plantation for $21 million. The five-story, 128-key hotel, located at 7801 Southwest Sixth Stree

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Fort Lauderdale-Hollywood International Airport Begins Construction on $404 Mill

October 10, 2023

south florida

Fort Lauderdale-Hollywood International Airport has initiated construction on a substantial project, a fifth airline terminal, marking the most significant development at the airport in over a decade. The terminal, spanning 230,000 square feet, is slated for completion in 2026, according to Broward

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Catalfumo Acquires Prime Waterfront Site for $19M to Expand Ritz-Carlton Residen

October 10, 2023

south florida

Catalfumo Companies has expanded its Ritz-Carlton Residences project in Palm Beach Gardens by acquiring an adjacent waterfront mansion. An affiliate of Catalfumo, based in Palm Beach Gardens, purchased a 2.4-acre estate with a seven-bedroom home at 11309 Ellison Wilson Road for $18.5 million. The pr

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Former Google CEO Eric Schmidt Makes Big Splash in Miami Beach Real Estate Marke

October 10, 2023

south florida

Tech billionaire Eric Schmidt has been acquiring waterfront residences on the Sunset Islands of Miami Beach, recent reports reveal. Schmidt, the former CEO of Google, recently purchased two adjacent properties on the islands for a combined total of $63 million. These include the mansion at 2511 Lake

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Alex Rodriguez Sells Star Island Waterfront Lot to Billionaire Ken Griffin: A Po

October 11, 2023

south florida

Former New York Yankees shortstop turned real estate mogul, Alex Rodriguez, has reportedly sold a prime waterfront lot on Miami Beach's prestigious Star Island back to billionaire hedge fund titan, Ken Griffin, according to sources familiar with the matter. Rodriguez, now serving as chairman and CE

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GLG Investments to Sell $45M Miami-Dade Portfolio as Venezuelan Investors Enter

October 11, 2023

south florida

GLG Investments, led by José Luis Pereira, Roger Prunhuber, and Augusto Granja, is offering a fully leased Miami-Dade County portfolio for sale at $44.9 million. The package encompasses 105 units, with Nathalie Azoubel and Sofia Silberman of Houselab Realty acting as the listing brokers. The major

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