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News

2/25/2020 Florida Governor Ron DeSantis Wary Of Vacation Rental Proposals—CBS 4 Miami

Florida Governor Ron DeSantis expressed concerns Monday about legislative proposals that would further prevent local governments from regulating short-term vacation rentals.
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2/24/2020 Home Heartbreak: Widow faces financial, emotional stress after fire at Sunny Isles Beach condo—7 News Miami

An 89-year-old South Florida man says he is now facing extreme financial and emotional stress and blames it all on his condo association. For more than two years, he hasn’t lived in his condo and is losing hope he’ll ever move back. 7’s Kevin Ozebek has our special report: Home Heartbreak.
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2/24/2020 Miami Total Home Sales Jump Double Digits in January 2020—Yahoo! Finance

Miami-Dade County total home sales surged double digits year-over-year in January 2020 thanks to a robust increase in mid-market and $1-million-and-up transactions, according to the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.
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2/21/2020 Holland & Knight Pushes Work on $120M Miami Beach Hotel Deal in Time for Super Bowl—Globe St.

A Holland & Knight team completed its end of a $120 million Miami Beach hotel acquisition in time for Super Bowl weekend, condensing a typical six-month deal into five weeks.
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2/21/2020 Condo Clash: Lauderhill man records neighbor calling him a homophobic slur, upset on police’s response—7 News Miami

A South Florida man was walking into his condo when a neighbor yelled a gay slur, but he says more upsetting than the slur was how police responded. The Nightteam’s Kevin Ozebek has more on this Condo Clash.
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2/19/2020 Miami’s Super Amenity: Private Marinas at Residents’ Doorsteps—Forbes

What's the newest must-have amenity for Miamians? In the wake of just concluded twin mid-February events, the Miami International Boat Show and the 32nd Annual Miami Yacht Show, many observers are prepared to assert it is one's own private marina.
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2/18/2020 Making Moves: Douglas Elliman team to lead sales at Arte, Berkshire Hathaway HomeServices adds four new associates—Miami Agent Magazine

Douglas Elliman agents Oren Alexander, Tara West, Eloy Carmenate, Mick Duchon and Dean Bloch will head up sales at ultra-luxury condominium Arte in Miami’s Surfside neighborhood.
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2/18/2020 Condo buyer sues Metropica developer over delays—The Real Deal South Florida

Metropica has been pegged as a “city within a city” in western Broward County, a development that plans to span over 4 million square feet with more than 2,250 residential units overlooking the Florida Everglades.
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2/18/2020 Migration helped boost Florida’s market in 2019, according to Florida Realtors—Miami Agent Magazine

Sales of existing single-family homes were up 11.6 percent year-over-year, prices were up 4.3 percent year-over-year and pending sales for existing single-family homes rose 13.2 percent year-over-year.
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2/14/2020 A downtown Miami condo, partnering with Airbnb, has 38 percent of units under contract—Miami Herald

Units in another condominium to dot the downtown Miami skyline is 61% reserved, with 39% under contract. And construction has yet to start.
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2/14/2020 Miami Single-Family Homes Post Third Biggest Sales Year in History; Total Home Sales Finish with Fifth-Most Annual Sales—Yahoo! Finance

Miami-Dade County recorded the third-most annual single-family home sales in history and total existing home sales finished fifth all-time in 2019, according to the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.
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2/11/2020 Miami condo sales tank in early February—The Real Deal South Florida

A total of 79 condos sold for $29 million last week, compared to 135 units that sold for $56 million the previous week. Condos last week sold for an average price of about $370,000 or $317 per square foot.
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2/11/2020 Can home staging save a seller time on the market? South Florida Realtors weigh in—Miami Herald

Sellers can spend thousands on an interior designer staging their home. What do they get in return?
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2/11/2020 Howard Lorber flips condo at the Bristol to investment banker Barry Zubrow—The Real Deal South Florida

Call it a good deal for Douglas Elliman boss Howard Lorber. Lorber, Vector Group CEO and chairman of Elliman, sold his 16th floor unit at The Bristol in West Palm Beach for $7.6 million, three months after closing on the condo for $6.87 million, according to property records.
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2/11/2020 Dorothy 'Dottie' Del Favero (Obituary)—West Milford Messenger

Dorothy “Dottie” Del Favero (nee Matuszak), 89, passed away peacefully at Horizons Living Facility of Brunswick, Maine, on Feb. 1.
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2/10/2020 Condo association alleges construction defects at 321 Ocean: lawsuit—The Real Deal South Florida

Five years after completing 321 Ocean, developer Aria Development Group and its contractors are being accused of widespread faulty construction at the South Beach luxury boutique condominium.
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2/10/2020 Antonio Brown Found Liable For Damage Done To Miami Apartment—KDKA Pittsburgh

On Friday, TMZ reported that the former Pittsburgh Steeler has been found liable for damages to his Miami apartment in April of 2018.
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2/10/2020 Video Shows Man Abusing Dog in Elevator of Brickell Condo: Cops—NBC News 6 South Florida

A man is facing an animal cruelty charge after police say he was caught on camera beating a dog inside an elevator at a Brickell condominium.
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2/10/2020 Vacation rental regulations come down to local control versus state preemption—YourObserver.com

With so many cities going too far with regulations, state control makes sense. If you don’t like vacation rentals, form an HOA.
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2/10/2020 Luxury condo with marina breaks ground in Miami Beach—South Florida Business Journal

The condos will start at $1.1 million amid a challenging luxury market.
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