The Miami Herald February 9, 2017 by Nicholas Nehamas Jason and Yadira Lopez both have good jobs and college degrees — but they can’t find a nice home in a good neighborhood they can afford. Jason Lopez doesn’t believe they’re asking for too much. He’s a University of Miami graduate who works in public […]
The Miami Herald January 3, 2017 by Nicholas Nehamas Good news, renters: It’s getting cheaper to live in downtown Miami. As developers deliver a bounty of new condos and rental apartments in 2017, the increased supply is helping keep rents in check, according to a new report from Miami’s Downtown Development Authority. “Landlords are […]
The Miami Herald May 31, 2016 By Charles Trainor Jr. Property values grew 8.6 percent across Miami-Dade at the start of 2016, with $5 billion in new construction driving tax rolls to new levels and allowing local governments to reap windfalls in revenue for the next budget year. Every local jurisdiction saw growth in taxable […]
The Real Deal June 2, 2016 By Francisco Alvarado In an attempt to collect more taxes from the developers of two signature South Florida properties, Miami-Dade County Property Appraiser Pedro Garcia is suing the developers of the Ritz-Carlton Residences, Sunny Isles Beach and the former Burdines redevelopment site in downtown Miami. The separate lawsuits […]
The Wall Street Journal May 11, 2016 By Kirsten Grind TARZANA, Calif.— Mike Klemens, 81 years old, is a bridge player, real-estate investor and part of a new generation of private lenders helping reshape the American home-mortgage market. From his ranch-style house in the hills above the San Fernando Valley, he services home loans financed from his […]
The Real Deal May 5, 2016 By Katherine Kallergis TRD Special Report: This is the first in a series of stories examining Airbnb’s impact on Miami’s real estate market. For $85 a night, you can rent a room in North Beach, about five blocks from Collins Avenue. For $149 a night, you get a modern, one-bedroom apartment with […]
The New York Times January 13, 2016 By Louise Story Concerned about illicit money flowing into luxury real estate, the Treasury Department said Wednesday that it would begin identifying and tracking secret buyers of high-end properties. The initiative will start in two of the nation’s major destinations for global wealth: Manhattan and Miami-Dade County. It will shine a […]
January 13, 2016 FinCEN Takes Aim at Real Estate Secrecy in Manhattan and Miami “Geographic Targeting Orders” Require Identification for High–End Cash Buyers WASHINGTON – The Financial Crimes Enforcement Network (FinCEN) today issued Geographic Targeting Orders (GTO) that will temporarily require certain U.S. title insurance companies to identify the natural persons behind companies used to […]
The Fund by Jonathan H. (Jason) Warner Effective Feb. 16, FIRPTA general withholding rate increases from 10% to 15%. Recent federal tax legislation increases the FIRPTA general withholding rate from 10% to 15% effective for closings on or after February 16, 2016. Closing agents should adjust their procedures and forms to reflect this change. (If you […]
The Real Deal 10/28/15 By Ina Cordle, Katherine Kallergis and Sean Stewart-Muniz All Aboard Florida’s MiamiCentral station’s construction is ongoing, as the mammoth project speeds toward completion in mid-2017, executives told The Real Deal. During a recent private tour and meeting with All Aboard, executives unveiled construction details of the MiamiCentral station — which will have an as-yet-unnamed grocery […]