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7/6/2020 To Spur Sales During Luxury Market Lulls, Developers Adopt Rent-to-Own Programs—Mansion Global

When the coronavirus seized the U.S., weakening the already wobbly luxury housing market, developer Gil Dezer revisited a concept he had tried out during the Great Recession more than a decade ago. He rolled out a rent-to-own program for the recently finished Residences by Armani/Casa, one of his crown-jewel projects in Sunny Isles Beach in south Florida.
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7/6/2020 Do I have to wear a face mask at the drive-thru and other questions amid new COVID rules—Miami Herald

As Florida had its worst numbers to date with new coronavirus cases — more than 10,100 — South Florida mayors are issuing new emergency order requiring facial coverings be worn in most public places. That means outdoors in Miami-Dade where the infection rate is the highest in the state even when you are able to stay six feet away from someone else.
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7/2/2020 Self-defense against COVID-19? Elderly man faces arrest after a shove in an elevator—Miami Herald

Nachem Gross stood his ground — against possible coronavirus infection.
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7/2/2020 11 bedrooms, two kitchens and 360 views. Tech millionaires’ penthouse priced at $17M—Miami Herald

David Centner is a Miami success story. A graduate of Miami Sunset High School and Wharton, Centner became a serial tech entrepreneur who sold his last company, Highway Toll Administration, for an undisclosed sum.
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7/2/2020 From Puzzles To Recipes, Real Estate Marketers Are Getting Creative—Forbes

During the first week of Phase Two reopening in New York City, Manhattan new listings were up 97% year over year and up 56% week over week, according to according to real estate market data firm UrbanDigs. However, demand still isn’t meeting supply and contracts signed are down 67% from the same time last year.
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6/30/2020 ‘You Must Be Wearing A Mask In Our City’: Miami Beach Issues Mask Mandate—CBS Miami

Miami Beach city leaders have issued a mask mandate. Masks must now be worn indoors and outdoors effective Tuesday, June 30.
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6/30/2020 More Renters Becoming Second-Home Owners—Mansion Global

Many people are rethinking their living arrangements because of the COVID-19 pandemic. For city dwellers, that often means a move to a more spacious spot.
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6/30/2020 Glass condo owners in South Beach sue Terra, architect and contractors, alleging construction defects—The Real Deal

Residents at the ultra-luxury condo development Glass in South Beach say that the building’s plans were not as translucent as they had hoped.
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6/30/2020 Searching for land: Bruce Eichner, Two Roads vie to buy out aging Bal Harbour condo for over $100M—The Real Deal

Amid a scarcity of oceanfront development sites, prominent developers are vying to buy out unit owners of an aging condo building in Bal Harbour to build a luxury tower, The Real Deal has learned.
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6/29/2020 Despite a sales slow-down, home prices continue to outpace wage growth in Miami—Miami Herald

Has the pandemic lessened the disparity between housing prices and wage growth in Miami?
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6/25/2020 A medical complex is coming to Miami Worldcenter — but COVID-19 is making some changes—Miami Herald

A $60 million medical center is planned for Miami Worldcenter, the mixed-use downtown development.
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6/24/2020 New York developer snaps up former Wynwood Rubell site for apartment/office project—Miami Herald

The New York firm behind the Sir Norman Foster-designed 425 Park Avenue and Chelsea’s newly approved Terminal Warehouse is coming to Wynwood.
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6/23/2020 South Florida residential sales plummeted in April. May was worse—Miami Herald

Residential sales plunged in Miami-Dade and Broward counties in April. But that was just the beginning.
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6/22/2020 Luxury condo resales are up - sometimes, at prices that beat developer units—Miami Herald

The pandemic and ensuing economic slowdown has prompted some condo owners to post virtual ‘for sale’ signs on their units, even in the toniest enclaves. The result: an uptick in resale activity that poses competition for unsold developer units in new buildings.
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6/19/2020 Man Injured In Miami Shooting Near Paramount Miami Worldcenter Condo—CBS 4 Miami

Miami police are searching for the gunman who shot a man near the Paramount Miami Worldcenter.
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6/19/2020 Questionnaire: Phoebee Francois, candidate Broward County Court, Group 27—South Florida Sun Sentinel

Please tell us about your education and where you obtained your degrees:
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6/19/2020 Miami feds file lawsuit to seize Congo minister’s $3 million Biscayne Bay penthouse—Miami Herald

After Miami’s real estate boom and bust a decade ago, one of the many foreign buyers who swooped in to snap up a luxury high-rise condo overlooking Biscayne Bay was a minister of parliament in the Republic of the Congo.
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6/18/2020 StoneTurn Exec Says Force Majeure Clauses Lack Specificity—Law360

Many real estate owners, lenders and tenants — as well as buyers and sellers — are finding their force majeure contract clauses to be too broad as the COVID-19 pandemic brings increased scrutiny to such clauses, StoneTurn partner and law firm expert Jeffrey Matthews told Law360 in a recent interview.
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6/18/2020 Housing Tax Credit Tenants Brace For Evictions Due To Virus—Law360

Thousands of cash-strapped apartment dwellers are bracing for a wave of evictions next month that could worsen the national affordable housing shortage, placing pressure on owners of housing tax credit properties seeking to maintain financial solvency during the COVID-19 pandemic.
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6/17/2020 Miami luxury Realtor Karen Elmir swaps Cervera for ONE Sotheby’s Realty—Miami Herald

Luxury real estate advisor Karen Elmir is leaving Cevera Real Estate, her long-time business home, for ONE Sotheby’s.
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