Miami real estate players welcome Trump presidency
As South Florida dealt with the stunning results of the presidential election, Miami’s real estate industry looked toward the future, mostly with optimism. For developers and brokers, a Donald Trump presidency is good for business, they told The Real Deal. Developer Jules Trump sees a the president-elect as a boon to South Florida’s real estate market, at a time of volatility of the stock market…
Regency, Equity One Shopping Center REITs Combining in $15.6 Billion Merger
Regency Centers Corp. (NYSE:REG) and Equity One, Inc. (NYSE:EQY) have agreed to combine to form one of the largest shopping center REITs in the country with a portfolio of primarily grocery-anchored properties, jumping ahead of rivals Kimco and Federal Realty with a total market capitalization expected…
Neighborhood Dive: Little Haiti, Little River and Lemon City are hot spots for commercial space
Little Haiti, a neighborhood covering 3.5 square miles bordering the Design District to the south and the MiMo District to the east, has played a major role in Miami’s rich cultural history. Within its boundaries are Lemon City and Little River, a pair of historic enclaves that helped shape the city in the early 1900s. Named after sweet lemon trees native to the area, Lemon City predates Miami’s incorporation…
Florida Supreme Court allows lenders to restart foreclosures any time
The Florida Supreme Court ruled that mortgage lenders can restart a suspended foreclosure at any time instead of within five years after a borrower defaults. The court ruled that the five-year statute of limitations for foreclosure cases is dynamic, not static, resetting each month a mortgage borrower remains in default.
Andrew Stearns: ‘Overall Miami condo market appears to be in trouble’
The Miami condo market looks to be heading down an ugly road, appearing “to be in the early stages of a distressed preconstruction condo market,” according to StatFunding Founder Andrew Stearns in his November update, saying the next two years “will likely further see the distress continue and increase.” Inventory is soaring as underwater sales continue while developers have pumped the brakes…
Miami Beckham United targeting 2019 MLS season
David Beckham’s path to bringing an MLS franchise to Miami has been a rocky one thronged with hurdles, but the Miami Beckham United Group has remained persistent with the current goal being to launch their team in the 2019 season, with a “major announcement” coming in the next few months, per the Daily Mail:Initial talk after the club’s launch was that they could play their inaugural campaign…
Related Group’s two Hyde projects in Hollywood release new images, renderings
The Related Group has released new visuals of its two Hyde-branded projects rising in Hollywood, revealing aerial images of the nearly-complete Hyde Resort & Residences, which topped off in March, and new interior renderings of Hyde Beach House, which broke ground a couple of months ago. They show the pool deck at Hyde Resort & Residences is almost complete. While the renderings…
Prime Business Offering on Lincoln Rd and in Coconut Grove
A company is pleased to present an exclusive offering of a three store Italian restaurant chain, The highly strategic locations of the three chain restaurant make this a rare business opportunity for an investor seeking to take over an established…
What is required to allege and prove a fraud claim?
When Florida residents are alleged to have done something wrong, the allegations alone can be a very serious matter. This is particularly true for Florida businesses, which thrive on having a solid reputation and good will with their customers. And it is even more true when certain allegations are m…
Chinese investors snapping up unprecedented amount of resi property overseas
From the New York website: Chinese investors are parking an unprecedented amount of cash in residential real estate with an eye on cheaper cities. In the first half of 2016, investors bought up an estimated $15 billion worth of overseas real estate …
Eastgroup Properties Inc. Acquires 61 Acres Of Development Land In Miami Gardens
The Company intends to develop an industrial park containing approximately 850,000 square feet on the site.