Syndicatus: US Real Estate News and Education

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Single-Family Home Sales Continue to Thrive, Outpacing Condos in Major Markets D

October 20, 2023

south florida

In numerous cities, single-family home sales have surpassed condo sales, even in cases where condo sales remained stagnant or saw a slight decline. According to Jonathan Miller of Miller Samuel, the author of Elliman's reports, inventory has increased year-over-year in most top markets, although it

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Lennar Expands Presence in Arden with Acquisition of 45 Additional Homesites Nea

October 20, 2023

south florida

Lennar, a prominent homebuilder, has expanded its project in Loxahatchee, a master-planned community spanning 1,209 acres, by adding 45 additional lots. Public records reveal that Lennar acquired these sites in two separate transactions for a total of $10.2 million from its land bank partner, Angelo

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Fort Partners Secures Impressive $410 Million Refinancing for Prestigious Four S

October 20, 2023

south florida

A commercial mortgage-backed securities loan is set to refinance both the Four Seasons Resort at the Surf Club in Surfside and the Four Seasons Resort Palm Beach, as reported by the credit rating agency DBRS Morningstar. Citi Real Estate Funding and German American Capital Corp. are the loan origina

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September Home Sales Decline in South Florida, Yet Dollar Volume and Prices See

October 21, 2023

south florida

Last month, the total volume for the tri-county region surged to $4.5 billion, marking an increase from the $4.2 billion recorded in September of the previous year, as per data from the Multiple Listing Service compiled by the Miami Association of Realtors. This rise translates to a 7 percent year-o

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Development Plans in Motion for New Townhouse and Tennis Facility at Riviera Cou

October 21, 2023

south florida

A Calta affiliate is scheduled to seek approval from the city's development review committee on October 27 for a townhouse project consisting of 12 units planned at 915 and 920 Palermo Avenue, according to the agenda. Simultaneously, the Riviera Country Club will seek site plan approval from the sam

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Owners of 7605 Collins Avenue Seek Zoning Change for Oceanfront Property Surroun

October 21, 2023

south florida

In 2001, Rudy and Betsy Pérez acquired the residence at 7605 Collins Avenue for $510,000. The couple, deeply embedded in the Miami Beach community, sought a zoning modification for their nearly 0.2-acre property, which is entirely surrounded by the oceanfront Altos Del Mar park feat

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Uncovering the Truth: Miami’s Surprising High Vacancy Rate and its Impact

October 22, 2023

south florida

According to a recent study by online lending platform LendingTree, Miami ranks second in the nation for its metropolitan area with the highest vacancy rate. Miami boasts a vacancy rate of 12.65% out of 2.6 million homes, trailing behind New Orleans at 13.88%. In contrast, the national average for t

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New Nexo Residences in North Miami Beach Begin Construction as Developers Break

October 22, 2023

south florida

Fortune International Group and Blue Road have initiated construction on Nexo Residences, a condominium project situated in North Miami Beach. Since its sales launch in 2022, an impressive 70% of the units have already been sold. Positioned at 13899 Biscayne Blvd., this 15-story development will en

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New Lease Additions in Miami: Exciting Restaurant Openings and Tenant Success fo

October 24, 2023

south florida

The h.wood Group, headquartered in Los Angeles, has secured a lease for 10,700 square feet at 801 Brickell Bay Drive in Miami. In December, they are set to unveil Delilah Miami, complete with a charming terrace that overlooks Brickell Bay. The company, led by John Terzian and Brian Toll since its es

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Arden Group Acquires $43 Million Worth of Warehouses in West Palm Beach for Logi

October 24, 2023

south florida

Arden Logistics Parks has acquired three buildings located at 1100, 1300, and 1500 North Florida Mango Road from affiliates of Alliance HP. This transaction, documented by records and the real estate database Vizzda, involved assuming the seller's loan balance of $24.1 million, which was subsequentl

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