Earlier this month, Bilzin Sumberg’s South Florida Redevelopment Conference engaged hundreds of real estate developers, government staff and officials, architects, engineers, and construction professionals from 12 different states and three different countries in thoughtful discussions about the current real estate market and the future of land development in South Florida. This year’s innovative virtual platform allowed a broader audience to participate in an exploration of market trends, obstacles, and unique opportunities for real estate development and public-private partnerships in the region.
During a session focused on the changing landscape for commercial and residential development, panelists discussed pre-COVID-19 trends and how the realities of a global pandemic subsequently shifted market focus. Prior to the nationwide shutdowns in March of 2020, both office and industrial real estate were in high demand in South Florida. While activity in the industrial sector has remained relatively stable, the demand for office space in the region has grown exponentially over the past year. The shift to remote work for a large portion of the workforce and the luxury of year-round outdoor weather have driven many office employees down south.
At the keynote session of Bilzin Sumberg’s South Florida Redevelopment Conference, newly elected Miami-Dade Mayor, Daniella Levine Cava, shared her vision for the County in the coming years. With a long history of public service to County residents, and as the first female mayor of Miami-Dade County, Mayor Levine Cava’s participation in the Conference garnered keen interest from attendees.
Bilzin Sumberg’s annual South Florida Redevelopment Conference brings together in- and out-of-state developers looking to explore new concepts and innovative approaches for achieving business success in South Florida’s real estate sector, as well as engineers, architects, planners, and government officials and staff engaged in real estate development and procurement in South Florida.
In a case that should serve as a warning to all Florida counties, the 
Observers of the South Florida real estate industry don’t go very long without seeing headlines about Miami’s hot commercial real estate market. COVID-19 perhaps has only added to the growth of the market. But even in South Florida where the pandemic hasn’t blunted the market, it has indeed shifted trends and dynamics. On February 2nd, Nitin Motwani, Managing Principal of Miami Worldcenter, and 
The National Defense Authorization Act for 2021 enacted on January 1, 2021 contains Title LXI, the Corporate Transparency Act (“Act”). It institutes new reporting requirements for legal entities with few employees and limited purposes.
In its last session, the Florida Legislature passed a law that 
A recent decision by Florida’s Third District Court of Appeals could have significant implications for mixed-use developments, particularly those that contain hotels and residential condominium owners. The case considered whether the declaration of condominium for the IconBrickell condominium in downtown Miami violated Florida’s Condominium Act because it eliminated what might be treated as common elements in the condominium. Although it attempts to clarify the essential common elements, the Court’s decision does not settle the uncertainties associated with common elements in mixed-use developments that increasingly concern developers, owners and hospitality operators.
Miami is on the rise- again. A city well-known for its resiliency, Miami has been bouncing back from the economic fallout of the coronavirus pandemic with a vigor that is the envy of other major American metropolitan areas. One of the main factors driving this growth is the relocation of companies and C-Suite executives from other parts of the country looking to capitalize on Miami’s advantages.
Remedies for defaults under loans secured by real property varies on a state-by-state basis. In the eastern part of the country, enforcement is mostly by mortgage foreclosure. In the western states, there are enforcement proceedings by way of a deed of trust. There is a spectrum of debtor protections afforded to borrowers depending on the state involved. States like Georgia permit a lender to effect remedies against a defaulting borrower within four to six weeks. In California, a lender can complete an enforcement proceeding in 120 days. But there are states like Florida, where a contested foreclosure can run more than a year; some may take several years. 