News and articles
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Adrienne Arsht, a businesswoman and a philanthropist, sold her 4-acre land plot for $106.87 million. The property is located on the seaside, in Coconut Grove, Miami. The Wall Street Journal published the news about the transaction, reporting that it has not only set a new record for Miami Dade County but also become the first case when a Miami home...
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At a special election on August 23, Miami voters approved the proposal to permit the construction of Riverside Wharf. The entertainment complex worth $185 million will be built in Miami River. 60.12% of voters (20,910 people) voted for permitting Riverside Wharf LLC to rent the city-owned property. 13,872 people, or 39.88%, voted against it. “We...
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According to the Florida Atlantic University, house prices in some US cities have finally peaked after two years of continuous growth. Nevertheless, experts forecast that the Florida real estate market will remain strong compared to other parts of the country. Every month, Ken Johnson from the Florida Atlantic University and Eli Beracha from the...
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Zillow published a report about how the prices of US residential properties changed from June to July. The report shows that the prices increased in four Florida cities. 50 largest American urban areas were covered by the survey and the value of residences dropped in 30 of them. Neither of these is located in Florida. Tampa was one of the cities...
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The ballots haven’t been printed yet, but a group of homeowners and real estate agents is already trying to stop voters from making a decision to control the rent in Orlando. Last week, the Florida Apartment Association and the Florida Association of Realtors sued Orange County, Florida. They want to prevent the vote to restrict homeowners’ rights...
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Related Urban Development Group, a subsidiary of Related Group that deals with affordable real estate, is requesting a construction permit for a mixed-income residential development in Miami Dade County near the Miami River. The fate of the 1.05-acre land plot at 395 N.W. 1st St. and 25 N.W. River Drive will be decided by the county commissioners...
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Many South Florida sellers still want to list their properties at the highest prices. However, they are also beginning to understand the new rules of this changing market. The market of residential property is gradually recovering its balance, as lower demand and higher interest rates are cooling it down. Sellers have to adapt to the new...
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Last week, Governor Ron DeSantis and the Florida Cabinet invested over $56 million to purchase seven properties across the state that are subject to conservation. These seven land plots with a combined area of almost 20,000 acres are crucial for wildlife habitat. 98% of this area is part of the Wildlife Corridor. “Purchasing lands for the sake of...
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This summer, prices of residential property peaked in more than two dozen US states. Now the prices are gradually beginning to decline but this trend does not include South Florida at the moment. A July review of house prices conducted by the Florida Atlantic University and the Florida International University shows that many cities where the...
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According to a recent study by Moody’s Analytics, a subsidiary of Moody’s (New York), the financial and tech sector in Miami Dade County keeps expanding. This has led to considerable development and extension of the office property market in this region, particularly during the COVID-19 pandemic. Experts believe that Miami now stands a good chance...
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