Development Entity Acquires Parcel for $25M
A local residential parcel totaling 43.7 acres has been acquired by a development entity led by Atlanta-based Trammell Crow Residential and an undisclosed institutional partner. The buyer paid $25 million for the land at the northeast quadrant of Interstate 595 and NW 136th Avenue in Broward County….
The Indian Creek Hotel is now Freehand Miami Hostel
An upscale hostel
In Miami Beach, located on the corner of 28th St. and Indian Creek Drive, an upscale hostel is making a lot of travelers happy. Renovated and with modern features, the whole idea of service is personable and friendly. Four months ago it was the 1930’s Art Deco home to histor…
December 2014 Florida Real Estate Case Law Updates
By: Daniel T. Pascale, Esq.
Charging Lien not allowed on Homestead
Felice v. Southerland Pullen Law, PLLC,
39 Fla. L. Weekly D2232 (Fla. 2d DCA 2014)
In dissolution of marriage proceedings, the retainer agreement signed by the former husband provided that the attorney ‘will have a charging lie…
November 2014 Florida Real Estate Case Law Updates
By: Daniel T. Pascale, Esq.
After Dismissal Court Lacked Subject-matter Jurisdiction
Magloire v. Bank of New York, 39 Fla. L. Weekly D1927 (Fla. 4th DCA 2014)
On Oct. 10, 2008, a bank filed a mortgage foreclosure complaint. The mortgagors filed an answer in the form of a letter to the court, explain…
Commercial Real Estate – Terms & Definitions
By: Alejandro E. Jordan, Esq.
Commercial Real Estate – Terms & Definitions
Availability Rate: The ratio of available space to total rentable space, calculated by dividing the total available square feet by the total rentable square feet.
Available Space: The total amount of space that is …
October 2014 Florida Real Estate Case Law Updates
By: Daniel T. Pascale, Esq.
Accord and satisfaction of disputed claim. Where a purchaser of a condo unit at a foreclosure sale tendered a check to the condo association in full and final satisfaction of the association’s disputed claim for past due assessments, the association&rsq…
Partition of Florida Real Estate
By: Daniel T. Pascale, Esq.
Joint property ownership is a partnership at its core. Partnerships are great tools to save money, promote economies of scale, and better utilize resources. However, in situations where more than one party owns property, decision-making may become cumbersome, partners may…
September 2014 Florida Real Estate Updates
By: Daniel T. Pascale, Esq.
Below are highlights of the new legislation affecting Timeshares, Cooperatives, Condominiums and Homeowners Associations. These provisions are effective as of July 1, 2014 per Session Law Ch. 2014-133 (HB 807).
This legislation makes various amendments to Chs. 509, 712, 7…
August 2014 Florida Real Estate Case Law Updates
By: Daniel T. Pascale, Esq.
CONTEMPORANEOUS LEASE ADDENDUM PROVIDING FOR LIQUIDATED DAMAGES
Wilson v. Terwillinger, 39 Fla. L. Weekly D1313 (Fla. 5th DCA 2014)
A landlord and tenant executed a residential lease and at the same time executed an Addendum to the lease entitled “Early Termination …
1st Quarter 2014 Industrial Market Report for Miami-Dade County CRE
By: Alejandro E. Jordan, Esq.
Total Industrial inventory in the Miami-Dade County market area amounted to 229,374,658 square feet in 8,790 buildings as of the end of the second quarter 2014. The Flex sector consisted of 16,908,307 square feet in 600 projects. The Warehouse sector consisted of…