NEXT
Sign in to follow

Daily Business Review

Developers Are Increasingly Buying Residents Out to Start Fresh: Edgewater Property Trades for $150M

"While the maintenance requirements and costs of that keep going up, the value of these older units keeps going down steadily as brand-new projects keep going up around them,' said Joe Hernandez. "The economics of trying to continue to maintain an older building becomes very difficult. if not impossible."
4 minute read

Daily Business Review

Miami Is Facing an Affordability Crisis as Rent-to-Income Is at 33%

"Yes, incomes are going up, but people didn't just wake up and all of a sudden find $500 more bucks a month to pay for housing overnight in the last three to five months," said Andy Zhu, director of business development at Pentagon Holdings.
3 minute read

Daily Business Review

'Everyone's So Nervous': Real Estate Experts Consider Recession Likelihood

The dreaded R-word came up at a Miami Beach real estate conference, but panelists were confident that one sector in particular would weather economic turbulence well.
4 minute read

Daily Business Review

Miami Judge Approves $13M Increase to Property Loss Settlement for Champlain Towers South Unit Owners

"It's not being raised over $96 million," said Judge Michael Hanzman in court.
4 minute read

Daily Business Review

South Florida's Fast-Growing Population Spells Good News for Its Rental Market

"If we do go into a recession, building housing is going to take us out," one speaker said.
4 minute read

Daily Business Review

Build-For-Rent Sector Is One to Watch as South Florida Homes Become Unaffordable for Many

Speakers at a Miami Beach conference on Monday encouraged landlords to raise rents in more thoughtful and sustainable ways, noting, "If you're renting now you're renting, probably, for a long time."
4 minute read

Daily Business Review

In Sign of 'Renaissance Transformation,' Miami Development Site Sells for Nearly $20M

"It's not fun for people who are locally here, but the rents don't seem high coming from New York. In fact, they seem low still. I think until we adjust, it's going to be hard for locals or people who have been here a while," said Colliers executive managing director Mika Mattingly.
3 minute read

Daily Business Review

Brickell and Aventura Remain Popular Condo Markets as Inventory Shrinks

Demand for existing rentals and condo inventory in the Brickell and Aventura areas are still booming, as the submarkets are recipients of the attractiveness of Miami, says Craig Studnicky, CEO of ISG World, a real estate sales and marketing company in Aventura.
3 minute read

Daily Business Review

CBRE Has a New South Florida Managing Director

The newcomer joins the firm from Marcus & Millichap to support CBRE's advisory business within South Florida.
2 minute read

Daily Business Review

Coral Gables Developer to Bring $204 Million Mixed-Use Project to Miami

The development comes in response to critical demand for luxury rental units in Miami, according to Alirio Torrealba, CEO and founder of MG Developer.
2 minute read

TRENDING STORIES

Law Pro Logo

Featured Firms

Law Offices of Gary Martin Hays & Associates, P.C.

(470) 294-1674

Law Offices of Mark E. Salomone

(857) 444-6468

Smith & Hassler

(713) 739-1250

More from ALM

More from ALM

Legal Speak is a weekly podcast that makes sense of what’s happening in the legal industry.

Resources

  • Yearly Roundup: Strategic Insights for Law Firm Decision Making

    Brought to you by CARET Legal

    Download Now

  • Lex Machina Contracts: Commercial Litigation Report 2024

    Brought to you by LexisNexis®

    Download Now

  • White Collar Investigation Practice: Global Expertise in Complex Investigations

    Brought to you by HaystackID

    Download Now

  • Criminal Division's Evaluation of Corporate Compliance Programs: September 2024 Updates Review

    Brought to you by NAVEX Global

    Download Now