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News

1/14/2021 Even more Trump family members are reportedly moving to Florida—Business Insider

Florida, which is emerging as a growing tech and finance hub that could rival Wall Street, has been attracting scores of new residents amid the pandemic, with sunnier vistas and lower taxes.
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1/14/2021 All clear given, Venetian Causeway reopens after suspicious package in Miami condo garage deemed safe—WSVN News

The Bomb Squad has declared a suspicious package found at a Miami condominium complex to be safe.
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1/14/2021 Palm Beach Luxury Home Inventory Remains Extremely Tight—World Property Journal

The record-breaking Palm Beach real estate market is showing no sign of slowing.
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1/13/2021 Miami-Dade condo sales and closed dollar volume take a dive at start of year—The Real Deal South Florida

Condo sales and closed dollar volume took a dive in Miami-Dade County during the first week of the new year.
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1/13/2021 RKW Residential Adds High-End Communities to Its Florida Management Portfolio and Promotes Key Executives to Fuel Growth—MultifamilyBiz.com

RKW Residential closed out a year of continued expansion amid unprecedented challenges by earning two prestigious new assignments in South Florida.
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1/13/2021 Questions Revealed by Ruling Over W Hotel Amenities Require Legislative Fix—Law.com

In a ruling that calls into question the legal framework for many Florida condo-hotels, the state’s Third District Court of Appeal recently ruled in favor of an Icon Brickell condominium owner’s claim that the property’s declaration broke state law by giving ownership and control of shared facilities to the owner of the W Miami Hotel.
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1/8/2021 A home to really love! Caroline Wozniacki lists five-bedroom Florida condo on Fisher Island for $17.5 million after buying with husband David Lee in 2018 for $13.5 million (and of course it comes with tennis courts)—Daily Mail

Caroline Wozniacki and husband David Lee have listed their Florida condominium for $17.5 million.
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1/6/2021 Aviation honcho buys Fisher Island condo for $16M—The Real Deal South Florida

The president of an aviation parts company bought a Fisher Island condo for $16 million in one of the biggest residential deals to end the year.
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1/6/2021 South Florida’s pandemic-fueled residential market poised for bull run in 2021—The Real Deal South Florida

Just over a year ago, residential brokers and developers expected sales to downshift as the market for single-family homes and condominiums cooled.
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1/4/2021 Florida couple sues condo association for 'false imprisonment' after board threatened to call authorities if they left their apartment and deactivated their access to common spaces when they tested positive for COVID—Daily Mail

A Florida couple have filed a lawsuit against their condo association claiming they were falsely imprisoned in their home after informing them of their positive coronavirus test results.
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12/23/2020 Turnberry Isle condo association sues Jeffrey Soffer affiliate over lobby repairs—The Real Deal South Florida

At the Turnberry Isle Yacht and Racquet Club condominium complex, residents expect exceptional, responsive service from developer Jeffrey Soffer.
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12/23/2020 Aided by Northeast Buyers, Miami Residential Sales Surge Annually in November—World Property Journal

According to the Miami Association of Realtors, Miami-Dade County total home sales surged in November 2020 as strong pent-up demand and record-low mortgage rates fueled transactions.
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12/23/2020 75 condo units sold for $7.85M by Marcus & Millichap—Fort Meyers Florida Weekly

Marcus & Millichap has announced the sale of 75 condominium units out of 216 at The Isles of Porto Vista in Cape Coral.
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12/18/2020 Billionaire Ken Griffin - owner of America's most expensive home - is selling his Miami penthouses for at least 20% less than he paid for them 5 years ago—Markets Insider

Billionaire hedge-fund executive Ken Griffin is offloading the two Miami Beach penthouses that he bought five years ago at a more than 20% loss, the Real Deal reported.
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12/18/2020 $35M closing at Faena House leads Miami’s weekly condo sales—The Real Deal South Florida

Condo sales and closed dollar volume fell last week in Miami-Dade County, despite a pricey sale at the top: a $35 million closing at Faena House.
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12/18/2020 A $33 Million Cash Penthouse Sale Gives Miami’s Condo Market a Jolt—The Wall Street Journal

A penthouse atop a new boutique luxury condo building in Miami has sold for $33 million in cash, representing a major sale for the city’s lagging condo market.
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12/15/2020 Reverse Snowbirds Making Long-Term Moves to the South—Barron's

Alex Sapir, CEO of Sapir Corp., used to be a snowbird, spending winter vacations in sunny Florida to escape frosty New York City. Two years ago, he switched the pattern and moved with his family to Miami.
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12/14/2020 KW Property Management & Consulting Adds Nearly 1,500 Units to Its Growing Portfolio Across South Florida Market—Multifamily Biz

KW Property Management & Consulting, a premier residential property management company and one of South Florida’s fastest-growing private companies overall, continued its aggressive growth with the addition of three new community assignments totaling nearly 1,500 units.
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12/7/2020 Snowbirds rethinking trips to Florida due to COVID-19—WESH 2 News

The COVID-19 pandemic may be causing some snowbirds to rethink making the trip to Florida this year.
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12/4/2020 Influential artist Tracey Emin sells Miami condo—New York Post

Influential British artist Tracey Emin has sold her Miami condo for $420,000 — the same price she paid for it in 2013.
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