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Daily Business Review

'It's About the Money': Miami Lawyer Says Municipalities Are Abusing Zoning Laws to Restrict Religious Practices

"It's about the money. They don't want their valuable real estate taken off the tax rolls, and so that's what this is all about," said attorney Franklin Zemel of Saul Ewing in Fort Lauderdale.
5 minute read

Daily Business Review

Developers Collaborate With Airbnb to Provide Year-Round Short-Term Rental Options in Downtown Miami Condo

It's a first in the state, as developers usually only allow third-party rentals for three months or up to 189 days.
3 minute read

Daily Business Review

How Condo Associations and Attorneys Can Help Lower Steep 40-Year Recertification Assessments

Last week, condo owners at the Palm Bay Yacht Club condos in Miami were told they needed to pay $175,000 each for their 40-year recertification.
3 minute read

Daily Business Review

Trend: Developers Are Focusing on Transit-Adjacent Housing

"We predict that this trend will continue in the South Florida market as railways become increasingly popular," said Michael Taylor, CEO of Current Builders.
3 minute read

Daily Business Review

Report: Single-Family and Condo Markets Return to Pre-Pandemic Activity for High-End Properties

"I think we created something that is very unique and iconic. It's one of those projects that will be talked about for many years," said Jon Paul Pérez, Related Group's president.
3 minute read

Daily Business Review

Related Group Breaks Ground on The Crosby Residences in Downtown Miami

"With all 450 units at The Crosby sold, this project follows the resounding success of our other ready-to-rent projects," said Nick Perez, Related Group's senior vice president.
2 minute read

Daily Business Review

As Population Increases and Available Land Shrinks, Land Conservation Efforts Are Key

"There's a competition for land in Florida. There's 1,000 people a day moving to Florida. We are the fastest-growing state in the country. And if we want to protect a little bit of what's native, we need to be on it," said Dean Saunders, a Florida expert in land conservation and a land broker.
3 minute read

Daily Business Review

HOA Restrictions and Short-Term Rentals Is Making Florida Rental Crisis Worse, FAU Economist Says

"Both of these take away units that could be rented to the public, and it's the shortage of available units that drives rental rates higher," said Ken Johnson, an economist in Florida Atlantic University's College of Business in a press release. "While developers and local governments clearly need to build more units, that's not the only solution to this problem."
3 minute read

Daily Business Review

Economic Uncertainty, Migration Trends Fuel South Florida's High-End Multifamily Demand

Growing economic uncertainty has allowed the multifamily sector to serve as a vital outlet for young adults as many will opt to rent for longer rather than save for a down payment in 2023.
2 minute read

Daily Business Review

South Florida Job Growth to Spur Rent Demand in 2023

With home prices in Miami nearly 10 times the metro's average household income, more new residents are expected to turn to the rental market.
3 minute read

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