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Daily Business Review

Miami Home Price Increases Among Highest Recorded This Year

The 1.6% boost in January home prices is part of a 19.2% year-over-year increase.
3 minute read

Daily Business Review

Don't Freak Out About Fed's Interest Rate Hike, South Florida RE Lender Says

"It's going to take five years minimum for builders to get level of building completed in order to get us closer to an equilibrium of supply and demand," according to Pat Sheehy, CEO of Hamilton Home Loans in Sunrise.
4 minute read

Daily Business Review

'South Miami Needs More Density': This Plot of Land Has Increased in Value by $18 Million Since 2015

"South Miami needs more density since a lot of people are moving to the area," said Pascal Nicolai, founder and CEO of Sabal Development and Sabal Luxury Builder. "Townhomes and condos are a good alternative to houses in the area which are expensive now."
2 minute read

Daily Business Review

Leasing Demand Is Up as Retailers, Restaurants Are 'Choosing Lincoln Road'

With over 7.8 million visits from tourists and locals, Lincoln Road has surpassed other popular locations, such as Brickell City Centre, the Wynwood Arts District and the Miami Design District.
2 minute read

Daily Business Review

Wynwood Mixed-Use Development Sells

The firm has sold the recently-completed Strata Wynwood, which features multifamily, office and retail space in the city's Wynwood Arts district.
2 minute read

Daily Business Review

Miami Developer Plans to Revitalize Downtown Miami Springs

"Our focus is on revitalizing locations while focusing on walkability and sustainability in each project we develop," said MV Group USA Manny Angelo Varas.
3 minute read

Daily Business Review

Miami Leads Soaring Multifamily Rents

Multifamily asking rents defied expectations by ticking up yet another $10 in February.
2 minute read

Daily Business Review

Florida Has the Highest Share of Cost-Burdened Renters

Apartment asking rents are rising at a double-digit place in 35% of 390 metro areas, NAR reported.
2 minute read

Daily Business Review

The Pandemic Has Intensified Legal Disputes Between Neighbors and HOAs

"They should focus on going outside, going to the park, doing their jobs in their offices, rather than focusing on their neighbors," said Paul Windust, a principal with Berding & Weil.
4 minute read

Daily Business Review

South Florida Construction Verdict Shows Contract Provisions Can Make or Break a Case

"A small contractor like this relies on the contract to know that he'll receive money for the next year and a half on a big project that would take millions of dollars," said Brown of Morgan & Morgan in West Palm Beach.
4 minute read

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