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News

1/17/2020 Complaints Mount About Unfinished Repair Work at Miami Apartment Building—NBC Miami

The Palm Court of Miami condo is in Miami’s Fontainebleau area, located on 8th Street and northwest 82nd Avenue.
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1/16/2020 "Catastrophic Volumes of Noise": Downtown Miami Residents Sue the City Over Ultra Music Festival

Ultra Music Festival may have won back its place at Bayfront Park last year, but it appears now that the battle between the EDM festival and disgruntled downtown residents has entered a new phase.
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1/16/2020 South Florida Is Hotbed of High-End Sales, With Prices Increasing—Mansion Global

Luxury home prices in some of South Florida’s most affluent enclaves continued to grow in the fourth quarter of 2019, as they become hotbeds of high-end investment, according to a report Thursday from Douglas Elliman.
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1/15/2020 New luxury condo 57 Ocean in Miami Beach nears 50% in pre-sales—Miami Herald

What’s the trendy real estate neighborhood drawing millionaires? Mid-Beach.
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1/14/2020 Legendary Miami Dolphins coach Don Shula buys beachfront condo for $5.5M—South Florida Business Journal

A company tied to former Miami Dolphins coach Don Shula, a member of the NFL Hall of Fame, paid $5.53 million for a condo in the Four Seasons Residences at the Surf Club in Surfside.
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1/14/2020 Chinese investors are buying real estate in Miami. Here are the stats to prove it—Miami Herald

For years, Miami’s residential real estate professionals waited for Chinese investors. And, finally, they are here.
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1/14/2020 South Florida Market Sees Continued Demand in Single and Multifamily—Builder Online

Things in south Florida are trending warmer as shown by the latest stats, starting out with the economy’s biggest engine—jobs growth. According to Metrostudy, the Miami metro area gained 29,100 jobs over the past 12 months, at an annual growth rate of 2.4%. This beats the national rate of 1.4% growth year over year.
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1/13/2020 Lake Park OKs $180 million waterfront development with luxury condos, shops and restaurants—Palm Beach Post

Luxury condos, shops and restaurants are coming to the Lake Park waterfront as part of a $180 million project recently approved by the town commission.
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1/10/2020 Group P6 launches sales of new luxury condo project in Boca Raton—The Real Deal South Florida

A new luxury condo development will soon be rising near downtown Boca Raton amid a limited supply of high-end projects. Group P6 launched sales for Royal Palm Residences, a 48-unit condominium with three nine-story buildings at the corner of Fifth Avenue and East Royal Palm Road. Royal Palm Residences will have three- to five-bedroom units ranging from 2,425 square feet to 7,168 square feet. Prices for the units range from $1.75 million to $3.9 million.
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1/10/2020 Contractor defrauds Miami contractor of over $30K for roof replacement to South Beach condo—WSVN News

We have all heard the stories about a homeowner getting ripped off by a shady contractor, but here’s a twist: A Miami general contractor said she fell victim to another contractor, and a South Beach condo is stuck in the middle. The Nightteam’s Kevin Ozebek investigates.
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1/10/2020 High on his own supply: The Bristol developer buys a unit at his condo tower—The Real Deal South Florida

Developer Al Adelson liked The Bristol so much that he bought himself a unit there. Property records show Al and Linda Adelson paid $5.7 million for unit 1604 in the luxury condo tower at 1100 South Flagler Drive in West Palm Beach. Flagler Investors LLC, led by Adelson, sold the condo.
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1/10/2020 Multiplan launches sales of boutique luxury condo project on Ocean Drive—The Real Deal

Multiplan Real Estate Management, the developer of 57 Ocean in Miami Beach, is now betting on a boutique luxury condo project on Ocean Drive in the South-of-Fifth neighborhood.
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1/9/2020 ‘We Are Miccosukee’ Miami murals honor tribes and wow the public—Indian Country Today

The Miccosukee and Seminole have been in Florida longer than the millions of tourists flocking to see murals in Wynwood, a relatively new neighborhood in west Miami filled with painting covered walls, galleries, and new condo developments. To acknowledge the tribes, two new artworks have been commissioned to honor the tribes.
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1/9/2020 Online ticketing mogul sells Oceana Bal Harbour condo at a loss—The Real Deal South Florida

The co-founder of a popular online ticketing marketplace sold his Bal Harbour condo for $9 million, a loss from its previous sale in 2018. Property records show Vivid Seats co-founder Jerry Bednyak sold Oceana Bal Harbour units 2102S and 2102S to 2018 West Churchill Trust, managed by David J. Ferry, managing director of Delaware law firm Ferry Joseph. The trust closed on a $9 million loan.
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12/20/2019 Miami Condo Sales Increase in November; Eight Consecutive Years of Price Appreciation in Miami—Yahoo! Finance

Miami-Dade County existing condominium sales, including $1-million-and-up transactions, increased year-over-year in November 2019, according to the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.
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12/20/2019 Condé Nast scion drops $6M on Miami Beach condo—The Real Deal South Florida

A member of the billionaire family that owns Condé Nast paid $6.2 million for a luxury condo in North Beach.
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12/20/2019 Precedent-Breaking Vote in Miami Beach Was "Gift to a Powerful Developer," City Says—Miami New Times

Bill Clinton argued about the meaning of "is." The Kardashian clan argues about what it means to be a "self-made" billionaire. And Miami Beach argues about the definition of a floor so a developer can get a bigger skyscraper.
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12/17/2019 Hockey Great Petr Nedved Selling Stylish $3M Miami Beach Penthouse—Realtor.com

High-rise condo life is the pinnacle of stylish Miami living: Owners have access to primo views, awesome amenities, and the bustle by the beach. Hockey great Petr Nedved took a stylish shot when he purchased a Miami condo in 2014.
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12/17/2019 Campbell Property Management hosting complimentary “Construction & Maintaining Your Common Elements” course for Condo Board Members—Miami's Community Newspapers

This two-part course will help condo board members learn to navigate construction projects at their property and go over maintaining the common elements.
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12/17/2019 How a little bank from Little Rock took over Miami real estate—Miami Herald

When looking back at the great South Florida condo boom of the past decade, one financial institution is likely to stand out from the rest. And it came from Little Rock, Ark.
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