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News

3/31/2020 Florida approaches 5,000 confirmed cases of the coronavirus, 1 day after passing 4,000—Miami Herald

There are now 4,950 confirmed cases of COVID-19 in Florida, state health officials announced Sunday night, an increase of 912 cases from the night before and the largest single-day jump to date. Sixty people in Florida have died of the disease.
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3/31/2020 Cities Across South Florida Are Ordering Their Own Stay-at-Home Restrictions—NBC6 South Florida

Across South Florida, there are a variety of stay-at-home restrictions. Here’s a list of local curfew information
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3/31/2020 Coronavirus Florida: Palm Beach Realtors adapt, as showings drop; interest in rentals remains strong

If you’re wondering what the state of the Palm Beach real estate market is right now during the coronavirus crisis, here’s a caveat: It depends on who’s talking.
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3/26/2020 What happens when condo neighbors test positive for coronavirus? Miami is finding out—Miami Herald

What happens when a resident of a condo or rental building tests positive for COVID-19? South Florida residents are finding out. At the Brickell Bay Club, the pool, tennis courts and barbecue area were closed Wednesday after an occupant in one of the condo’s 450 units tested positive, said condominium association president John Caron. The gym and children’s area at the complex, at 2333 Brickell Ave., were shut last week.
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3/26/2020 Miami-Dade Awakens To New Normal: No Hotels, No Clubs, No Beaches—Patch.com

Miami-Dade residents awoke to a new normal Tuesday: No hotels, no clubs, no frivolous shopping, no beaches and only takeout or delivery to satisfy their craving for the Miami area's most iconic restaurants.
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3/26/2020 Ft. Lauderdale’s $35M penthouse breaks records—New York Post

Fort Lauderdale is finally challenging Miami for its condo crown, with 20 developments and 4,300 residential units in the pipeline, according to the city’s Downtown Development Authority. In February, the penthouse of the 22-story Four Seasons Private Residences Fort Lauderdale hit the market asking $35 million, more than any other new condo listing in Miami.
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3/25/2020 Miami condo tower shuts down amenities due to confirmed coronavirus case—The Real Deal South Florida

A downtown Miami condo tower has shut down its amenities deck, pools and barbecue, and asked visitors to stay away after a resident was confirmed to have tested positive for Covid-19, The Real Deal has learned.
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3/25/2020 Sunny Isles Beach issues curfew, orders pools and gyms closed in all condos and hotels—Miami Herald

Starting Sunday evening, residents of Sunny Isles Beach have a curfew.
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3/25/2020 South Florida’s February housing sales were up. That was before coronavirus—Miami Herald

Existing home sales were robust in February, according to the latest Miami Association of Realtors report. In both Miami-Dade County and Broward, the volume of sales increased while median prices for both condos and single-family home sales grew.
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3/25/2020 Retiree becomes a DJ to lighten the mood at his Pompano Beach condo—South Florida Sun Sentinel

Since hunker-down-at-home has become the new normal, "Boston Jimmy” Burns has been deejaying for his neighbors at the North Hampton Court condominiums in Pompano Beach.
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3/23/2020 Coronavirus in Florida: New condo initiative could help Palm Beach buildings handle crisis—Palm Beach Post

A South End condo group has spearheaded new town-sanctioned recommendations to help residents and managers of multifamily buildings reduce the risk of contracting and spreading the illness caused by the coronavirus.
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3/23/2020 How is Miami’s real estate industry dealing with the coronavirus outbreak?—Miami Herald

Restaurants. Retail. Entertainment. These are some of the industries that have been walloped by the spread of the coronavirus, leaving workers unemployed, bars and stores shuttered, and people isolating at home riffling through Netflix or YouTube to pass the time. But the real estate industry — the mammoth, essential economic engine that can’t be turned off with the signing of a government order — presents a trickier, more complicated problem.
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3/23/2020 NFL’s Bosa brothers named celebrity guests for golf tournament—South Florida Sun Sentinel

Two NFL star defensive linemen will be among the celebrity guests as Epilepsy Florida plans its inaugural charity golf tournament for May 8 at the Seagate Country Club in Delray Beach. Brothers Nick and Joey Bosa, along with Miami Dolphins alumni, including their father John, are scheduled to play in the tournament that will feature some of South Florida’s top developers, contractors, subcontractors, real estate brokers, construction lenders and other industry professionals.
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3/23/2020 Operation Cancel Spring Break: Floridians fret over coronavirus as young revelers try to keep the party going—The Washington Post

Some of the most Instagrammable beaches in the world, barricaded. Wet Willie's — home of the 26-flavor daiquiri bar — reduced to peddling take out. Neon-tinted dens of iniquity from Ocean Drive to Fort Lauderdale Beach under curfew or patrolled by cops ready to break up a good time. This is what the novel coronavirus has wrought in Party Central, USA: Operation Cancel Spring Break.
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3/23/2020 WeWork CEO buys beachfront condo for $11.3M—South Florida Business Journal

Sandeep Mathrani, who was named CEO of WeWork in February, paid $11.3 million for a new condo in the Four Seasons Residences at the Surf Club in Surfside.
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3/18/2020 Is island living losing its appeal? Condo values dropped for these five in 2019—Miami Herald

Home values can dip anywhere, even on Miami’s exclusive islands. The average and median price per square foot for condos dropped on Brickell Key, Fisher Island, Grove Isle, Key Biscayne, Venetian Islands and Williams Island from 2018 to 2019. But Realtors in South Florida said the decline reflects these markets weening themselves off of the foreign buyer.
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3/17/2020 South Florida’s Market is Sizzling—and Large Slate of New Developments are Set to Make a Splash—Mansion Global

In the Miami/Dade County luxury market, domestic buyers fleeing high-tax states and scooping up high-end condos and single-family homes continues to be the main story.
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3/17/2020 Bankrupt Hollywood Beach condo-hotel may head to auction—The Real Deal South Florida

A troubled Hollywood Beach condo-hotel may be heading to auction, where its lender could acquire the property for $43 million.
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3/17/2020 Wife of former Domino's Pizza CEO buys South Florida condo for $11.5M—South Florida Business Journal

A trust in the name of Teresita “Techy” Rodriguez-Doyle, the wife of former Domino’s Pizza CEO Patrick Doyle, paid $11.45 million for a condo in the new Eighty Seven Park condo along the coast in Miami Beach.
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3/17/2020 Miami’s weekly condo sales drop sharply amid coronavirus fears—The Real Deal Miami

Condo sales in Miami-Dade fell by about 20 percent on a weekly basis last week, likely ahead of major disruption caused by the coronavirus pandemic.
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