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Hurricane Milton: A Significant Threat to Florida’s Property Insurance Stability

Hurricane Milton: A Significant Threat to Florida’s Property Insurance Stability

south florida
Rich Amor
-
31

According to financial-rating agency AM Best, Hurricane Milton poses a major threat to Florida’s property insurance market, particularly for insurers specializing in the state. As the storm approaches heavily populated Gulf Coast areas, expected to make landfall early Thursday, its impact comes just weeks after Hurricane Helene inflicted significant damage across Florida and beyond. While […]

Hurricane Milton: A $1 Trillion Threat to Florida’s Commercial Real Estate

Hurricane Milton: A $1 Trillion Threat to Florida’s Commercial Real Estate

south florida
Rich Amor
-
22

Hurricane Milton is set to make landfall in Florida within hours, with Moody’s estimating that over $1 trillion worth of commercial real estate lies in the storm’s path. According to a Tuesday update on its website, “More than 235,000 commercial properties statewide face a greater than 50% chance of experiencing wind speeds of at least […]

Assessing Impacts: Will Hurricane Helene Lead to Increased Insurance Rates in South Florida?

Assessing Impacts: Will Hurricane Helene Lead to Increased Insurance Rates in South Florida?

south florida
Rich Amor
-
23

Hurricane Helene may have bypassed the heavily populated Key Biscayne and Miami regions, but the aftermath could still impact insurance rates for Floridians in the coming year. Though the precise economic damage from the storm is yet to be fully tallied, early estimates indicate it could surpass $100 billion across multiple states, according to Alejandro […]

South Miami City Commission Chooses 13th Floor Investments for $309 Million City Hall Redevelopment Project

South Miami City Commission Chooses 13th Floor Investments for $309 Million City Hall Redevelopment Project

south florida
Rich Amor
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25

The South Miami City Commission has selected Miami-based 13th Floor Investments for a $309 million redevelopment of the City Hall site. This significant project, called the Link at SoMi, will be located on a 4.5-acre property at 6130 Sunset Drive. It involves a public-private partnership (P3) aimed at revitalizing the area with 670 apartments across […]

Breaking Records: A Look at the Multimillion-Dollar Deal for David and Victoria Beckham’s Miami Beach Residence

Breaking Records: A Look at the Multimillion-Dollar Deal for David and Victoria Beckham’s Miami Beach Residence

south florida
Rich Amor
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25

David and Victoria Beckham’s potential acquisition of a stunning waterfront estate in Miami Beach, listed for $80 million, has taken the spotlight in last week’s signed contracts report. The high-profile couple is in the process of purchasing a 14,270-square-foot, nine-bedroom spec mansion located at 4736 North Bay Road from developer Niklas de la Motte, as […]

Hurricane Helene and the Strain on Florida’s Insurance System

Hurricane Helene and the Strain on Florida’s Insurance System

south florida
Rich Amor
-
40

As Hurricane Helene swept through Florida, it left behind widespread damage, with private insurance losses estimated at $6 billion, according to Gallagher Re. This storm is yet another reminder of Florida’s shaky property insurance market, where homeowners have been hit hard with rising premiums. Between 2017 and 2022, insurance rates for Florida homeowners jumped by […]

Power Couple David and Victoria Beckham Set to Acquire Luxurious $80M Miami Beach Waterfront Spec Estate

Power Couple David and Victoria Beckham Set to Acquire Luxurious $80M Miami Beach Waterfront Spec Estate

south florida
Rich Amor
-
33

Soccer legend David Beckham and fashion icon Victoria Beckham are set to purchase a sprawling Miami Beach mansion listed for $80 million, adding to their growing presence in South Florida. The couple, who already own a $19.8 million condo at the prestigious One Thousand Museum in downtown Miami, are now looking to acquire a luxury […]

Best Places for Investors? Look Toward the South

Best Places for Investors? Look Toward the South

south florida
Rich Amor
-
32

Real estate investors, like all buyers and sellers, have experienced the rollercoaster of the fluctuating housing market. Despite sustained investor activity through the end of 2023, 2024 saw a significant shift in sentiment, with many investors growing more cautious. For those still actively searching for opportunities, a recent analysis by Agent Advice — founded by […]

The Looming Threat of a Housing Bubble in Miami

The Looming Threat of a Housing Bubble in Miami

south florida
Rich Amor
-
21

For the second consecutive year, the overall risk of housing bubbles in global cities has decreased, according to UBS’s analysis, and home prices in many places have hit their lowest point. However, danger hasn’t completely disappeared, particularly for one city. “Miami now exhibits the highest bubble risk among all cities in this study,” UBS stated. […]

New Wave of Luxury Apartments in West Palm Beach Now Available for Rent

New Wave of Luxury Apartments in West Palm Beach Now Available for Rent

south florida
Rich Amor
-
140

A surge of residential developments is reshaping West Palm Beach, as post-pandemic investments flood the area. Thousands of units are now in the pipeline, with some already available for lease. While many upcoming projects include high-end condos, several rental properties are ready to welcome tenants, offering various price points and amenities. Leasing Highlights The Laurel […]

Market Update: Fall Brings Favorable Trends for Homebuyers – Lower Mortgage Rates and Increased Inventory

Market Update: Fall Brings Favorable Trends for Homebuyers – Lower Mortgage Rates and Increased Inventory

south florida
Rich Amor
-
30

While fall typically brings a slowdown in the real estate market, this year is defying the trend. Thanks to lower mortgage rates and a growing inventory of homes, buyers are finding opportunities that are rare for this time of year, according to Zillow’s latest market report. A Window of Opportunity for Homebuyers As mortgage rates […]

Crescent Cove Condominium Portfolio 8300 Coral Lake Ln Coral Springs, FL 33065

Crescent Cove Condominium Portfolio 8300 Coral Lake Ln Coral Springs, FL 33065

south florida

$20,000,000

  • Built in: 1987
  • Building area: 101705(sqft)
  • Cap Rate: 5.9%
  • Lot area: 596772(sqft)
2500 N Florida Mango Rd West Palm Beach, FL 33409

2500 N Florida Mango Rd West Palm Beach, FL 33409

south florida

$13,850,000

  • Building area: 29,790(sqft)
  • Lot area: 116,000(sqft)
SUNNY GROVE APARTMENTS 1440 SW 42nd Ave Miami, FL 33134

SUNNY GROVE APARTMENTS 1440 SW 42nd Ave Miami, FL 33134

south florida

$6,000,000

  • Built in: 1947
  • Building area: 10841(sqft)
  • Cap Rate: 4.45%
  • Lot area: 25700(sqft)
7350 Biscayne Blvd Miami, FL 33138

7350 Biscayne Blvd Miami, FL 33138

south florida

$6,250,000

  • Built in: 1939
  • Building area: 8,820(sqft)
  • Lot area: 14,250(sqft)
Flagler Street Retail Center 4735 W Flagler St Coral Gables, FL 33134

Flagler Street Retail Center 4735 W Flagler St Coral Gables, FL 33134

south florida

$5,000,000

  • Built in: 1946
  • Building area: 7549(sqft)
  • Lot area: 25700(sqft)

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