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Daily Business Review

Another South Florida HOA Under Court-Appointed Receivership as More Fraud Claims Come to Light

"We expect an onslaught of similar litigation in light of tighter statewide restrictions governing associations, their finances, and the need for repairs. This added layer of scrutiny is likely to reveal other instances of fraud," said Kluger Kaplan's Steve Silverman.
5 minute read

Daily Business Review

With Demand Still High, Mast Capital Breaks Ground on Luxury Multifamily Development in Miami Beach

"Miami Beach rental housing is experiencing strong demand on the back of more individuals and companies relocating to the region, drawn to the state's business-friendly environment and desirable lifestyle," said Camilo Miguel Jr., founder and CEO of Mast Capital.
2 minute read

Daily Business Review

Panelists Talk Opportunities for Redevelopment in South Florida as Aging Condos Present Challenges for Developers

"It takes a while and you have to be patient, but if you want to buy quality, you have to be committed to the transaction and remind the community you have to be committed to it," said Camilo Miguel Jr., CEO and founder of Mast Capital.
5 minute read

Daily Business Review

Terra Secures $43.2M Refinancing Loan for Coconut Grove Development as New to Market Residences Flock to Area

"Our ability to secure favorable financing for Residences in the Grove speaks to the growing demand for residential product in the thriving Coconut Grove district, which is home to walkable streets, top-tier schools and some of Miami's most exciting retail and dining destinations," said David Martin, CEO of Terra.
3 minute read

Daily Business Review

'It's About the Money': Miami Lawyer Says Municipalities Are Abusing Zoning Laws to Restrict Religious Practices

"It's about the money. They don't want their valuable real estate taken off the tax rolls, and so that's what this is all about," said attorney Franklin Zemel of Saul Ewing in Fort Lauderdale.
5 minute read

Daily Business Review

Developers Collaborate With Airbnb to Provide Year-Round Short-Term Rental Options in Downtown Miami Condo

It's a first in the state, as developers usually only allow third-party rentals for three months or up to 189 days.
3 minute read

Daily Business Review

How Condo Associations and Attorneys Can Help Lower Steep 40-Year Recertification Assessments

Last week, condo owners at the Palm Bay Yacht Club condos in Miami were told they needed to pay $175,000 each for their 40-year recertification.
3 minute read

Daily Business Review

Trend: Developers Are Focusing on Transit-Adjacent Housing

"We predict that this trend will continue in the South Florida market as railways become increasingly popular," said Michael Taylor, CEO of Current Builders.
3 minute read

Daily Business Review

Report: Single-Family and Condo Markets Return to Pre-Pandemic Activity for High-End Properties

"I think we created something that is very unique and iconic. It's one of those projects that will be talked about for many years," said Jon Paul Pérez, Related Group's president.
3 minute read

Daily Business Review

Related Group Breaks Ground on The Crosby Residences in Downtown Miami

"With all 450 units at The Crosby sold, this project follows the resounding success of our other ready-to-rent projects," said Nick Perez, Related Group's senior vice president.
2 minute read

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