Inside South Florida, the latest in the news in real estate to stay up-to-date, ahead of the curve in less than 5 minutes.
May 16th, 2022
Find your home's Risk Factors
First Street Foundation released its national wildfire-risk model to follow up its existing look at U.S. flooding. And it partnered with Realtor.com to get the data in the hands of individual home buyers and sellers. Risk Factor that’s accessible free of charge.
Commercial Capital of Latin America
If Latin America has a commercial capital, it is Miami. Despite not being in Latin America, it offers cash, connections and creativity to the region. Read More at The Economist
Build your credit with your subscriptions
Altro just raised $18M to help people build their credit (for free) through recurring subscription payments to companies such as Netflix and Spotify.
Buyers, on average, offered a $28,000 down payment in the first quarter. In 2020, down payments averaged averaged $14,000. Read more at Realtor Magazine
Commercial Real Estate buyer are looking to Florida
Realogy (NYSE: RLGY) is changing its name as part of a rebrand that will be complete by the end of the quarter.
The company's diverse brand portfolio includes some of the most recognized names in real estate: Better Homes and Gardens® Real Estate, CENTURY 21®, Coldwell Banker®, Coldwell Banker Commercial®, Corcoran®, ERA®, and Sotheby's International Realty®.
New tenants of rights In Miami-Dade County
The ordinance is effective as of May 13, 2022. Read more about the key terms
According to Miami Today, Waldorf Astoria tower in downtown Miami are reporting strong sales and are on track to break ground within months.
In total, 84% of the 360 condo units have now been sold, developers said.
The 1,049-foot tower include 205 hotel keys, at 300 Biscayne Blvd. will also be home to about 1,321 square feet of commercial-retail use, and would have parking for up to 694 vehicles and space for about 350 bicycles. For more information: firstname.lastname@example.org
A new development allowing short-term rentals has launched sales in North Miami Beach: Nexos Residences. The property will include 254 residences, which will be delivered fully finished and turnkey.
Prices start in the $400,000s, with units sizes ranging from about 525 to 2,190 interior square feet. Fully-Furnished Studio, One-, Two- and Three-Bedroom Residences Three- and Four-Bedroom. For more information: email@example.com