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Governor DeSantis Enacts New Legislation Impacting HOAs, Condo-Hotels, and Insurance in Florida Effective July 1st

Governor DeSantis Enacts New Legislation Impacting HOAs, Condo-Hotels, and Insurance in Florida Effective July 1st

south florida
Rich Amor
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13

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 homeowners association board members. This addresses widespread complaints about fraud, election […]

Stanley Cup Champion Vlad Tarasenko Scores Luxury Waterfront Home in Fort Lauderdale as His Latest Victory

Stanley Cup Champion Vlad Tarasenko Scores Luxury Waterfront Home in Fort Lauderdale as His Latest Victory

south florida
Rich Amor
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30

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. Located at 1523 Southeast 12th Street, the property […]

Renowned Baha Mar Developer Secures $76.8 Million Loan for New Venture in Miami’s Vibrant Wynwood Neighborhood

Renowned Baha Mar Developer Secures $76.8 Million Loan for New Venture in Miami’s Vibrant Wynwood Neighborhood

south florida
Rich Amor
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17

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-use project named SoWy, according to Whitney […]

Governor Ron DeSantis Passes Bill Strengthening Commercial Lot Owners’ Authority in Condo-Hotels

Governor Ron DeSantis Passes Bill Strengthening Commercial Lot Owners’ Authority in Condo-Hotels

south florida
Rich Amor
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21

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 addition to the bill solidifies the control of commercial lot owners—those who own […]

The Unsettling Reality: South Florida Condo Owners Forced to Abandon Homes Amidst Massive Special Assessments

The Unsettling Reality: South Florida Condo Owners Forced to Abandon Homes Amidst Massive Special Assessments

south florida
Rich Amor
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21

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 condo buildings in Florida have long […]

Fostering Growth: Assessing Florida’s Improving Property Insurance Market

Fostering Growth: Assessing Florida’s Improving Property Insurance Market

south florida
Rich Amor
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29

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 in 2022 by lawmakers and Governor Ron DeSantis, aimed at shielding insurers from costly […]

Tishman Speyer Announces $100M Acquisition of Rock Lake Business Center, Signals Expansion into South Florida Market

Tishman Speyer Announces $100M Acquisition of Rock Lake Business Center, Signals Expansion into South Florida Market

south florida
Rich Amor
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25

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 leased warehouses totaling 256,000 square feet, with additional entitlements […]

Adapting to the Boom: How Multifamily Developers in South Florida are Responding to High Demand for Condos

Adapting to the Boom: How Multifamily Developers in South Florida are Responding to High Demand for Condos

south florida
Rich Amor
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32

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. “The biggest amenity of what is now called the […]

Examining the Truth Behind Miami’s Declining Debt Volume

Examining the Truth Behind Miami’s Declining Debt Volume

south florida
Rich Amor
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30

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 in the region. Key Foreclosure Cases Lauderdale Lakes Office […]

South Florida’s Recent Multi-Million Dollar Sales Attract Diverse Buyers, From Politicians to Business Moguls

South Florida’s Recent Multi-Million Dollar Sales Attract Diverse Buyers, From Politicians to Business Moguls

south florida
Rich Amor
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30

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 Miami Beach to Wellington, these deals ranged between $8 million […]

South Florida Real Estate Insiders Reveal Hot Spots for Development

South Florida Real Estate Insiders Reveal Hot Spots for Development

south florida
Rich Amor
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37

Calling all developers! Want the inside scoop on where South Florida’s hottest development opportunities lie? Look no further! Here’s a breakdown of top picks from industry experts: Brickell Financial District (Miami): Inigo Ardid of Key International highlights the walkability, strong tenant demand, diverse offerings, and available land for future growth. Northwest Corridor of Palm Beach […]

The Power of South Florida’s Real Estate Market: Exploring the Persistence of Homebuyers Amidst Soaring Property Prices

The Power of South Florida’s Real Estate Market: Exploring the Persistence of Homebuyers Amidst Soaring Property Prices

south florida
Rich Amor
-
97

South Florida’s housing market defied the national trend in April, experiencing a surge in sales activity after a slow start to the year. Sales Boom: Miami-Dade and Broward counties saw significant increases in home sales compared to April 2023. This upswing comes in contrast to the national market, which dipped slightly in sales during the […]

Bayview Pavilion 15550 Lightwave Dr Clearwater, FL 33760

Bayview Pavilion 15550 Lightwave Dr Clearwater, FL 33760

south florida

$18,800,000

  • Built in: 1998
  • Building area: 93946(sqft)
  • Lot area: 73829(sqft)
1428 NW 14th St Miami, FL 33125

1428 NW 14th St Miami, FL 33125

south florida

$200,000,000

  • Built in: 2024
  • Building area: 416,055(sqft)
Silver Bluff Underline 2285 SW 27th St, Miami, FL 33133

Silver Bluff Underline 2285 SW 27th St, Miami, FL 33133

south florida

$9,975,000

  • Built in: 2020
  • Building area: 24,128(sqft)
  • Cap Rate: 4.97%%
  • Lot area: 25,000(sqft)
Shenandoah Garden Apartments Coral Gables, FL

Shenandoah Garden Apartments Coral Gables, FL

south florida

Welcome to the enchanting Shenandoah Garden Apartments, nestled at 2360-2398 SW 22nd St! This property unfolds as a distinctive prospect for savvy investors eyeing a fusion of residential

$8,000,000

  • Property ID: A11506271
  • Built in: 1949
  • Building area: 20,213(sqft)
  • Cap Rate: 3.25%
  • Lot area: 27,500(sqft)
University Club Apartments

University Club Apartments

south florida

Nestled in the heart of the vibrant Town of Davie, Florida, University Club Apartments stands as a testament to timeless architecture and enduring appeal.

$12,075,000

  • Built in: 1969
  • Building area: 47,656(sqft)
  • Cap Rate: 7.46%
  • Lot area: 75,000(sqft)

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