Archives: Real Estate

Subscribe to Real Estate RSS Feed

Extension of Property Tax Discount in Miami-Dade and Potentially Other Counties

On September 4, 2017, Governor Scott issued Executive Order 17-235 in response to anticipated severe damage across Florida due to Hurricane Irma. The Executive Order granted the Florida Department of Revenue authority to issue an Emergency Order to waive and extend the local taxing authorities’ compliance deadlines related to the budget process and associated setting of millages … Continue Reading

FDEP Issues Order to Restore Structural Damage Post Hurricane

Property Owners and Public and Private Entities: On September 5, 2017, the Florida Department of Environmental Protection (“FDEP”) issued Emergency Final Order OGC. No. 17-0989 (the “Order”) in response to the anticipated widespread devastation across Florida caused by Hurricane Irma. In order to respond to the imminent or immediate danger to the public health, safety, and … Continue Reading

Additional Opportunity to Extend Development Orders & Building Permits

Governor Scott recently expanded the previously declared State of Emergency issued for the Zika Virus, allowing holders of permits and development orders an even greater opportunity to toll the period remaining to exercise rights under the permit or order for more than 19 months. Section 252.363 of the Florida Statutes permits a tolling of development … Continue Reading

Mexico’s Presence in Miami Is Here to Stay

The image of Mexicans in Florida is usually framed around the immigration debate raging in our country currently. But the Mexican influence and presence in Florida goes far beyond migrant workers picking crops in Homestead and elsewhere in the state. According to the Mexican Consulate in Miami, approximately 290,000 jobs in Florida are dependent on … Continue Reading

The 2017 Fla. Legislature Returns To CondoLand

Once again, after a one-year hiatus, the Florida Legislature has produced several condominium bills. Typically, the Legislature passes a single condominium bill into which other approved bills have been merged. This year, perhaps to make up for the failure to enact any condominium legislation, four bills were passed: CS/CS/CS/HB653 (HB653), CS/CS/HB1237 (HB1237), (CS/CS/CS SB398 (SB398), … Continue Reading

What to Expect When Buying a Home in Miami

Guest blog post written by Erin Holdgate of Zillow. While sellers enjoyed favorable conditions for years, Miami buyers finally have a reason to celebrate. In fact, a recent report placed Miami as the second-best real estate market for buyers. If you’ve been waiting to buy property in Miami, 2017 might be your year. Market Conditions and … Continue Reading

Additional Opportunity for Increased Extension of Building Permits and Development Orders

Interested parties must notify issuing governmental agency by September 7th to receive a new extension. Due to Governor Scott’s recent expansion of the State of Emergency issued for the Zika Virus, holders of permits and development orders have another opportunity to toll the period remaining to exercise rights under the permit or order for nearly … Continue Reading

Secretary Ben Carson Kicks Off Public Housing P3

Yesterday, Miami-Dade County hosted Dr. Ben Carson, the Secretary of the United States Department of Housing and Urban Development, at the Liberty Square public-housing development, one of the oldest in the nation.  The meeting formally commenced an exciting public-private partnership for the complete redevelopment of Liberty Square.  The project will be transformative for the community … Continue Reading

Major P3 Real Estate Development Opportunities in Downtown Miami

On March 7, the Miami-Dade County Mayor will be presenting a report to the Board of County Commissioners on County-owned properties in downtown Miami that are ripe for joint development with the private sector. The upshot: the County has at least nine properties, totaling 22.7 acres of land, that can support over 20 million square feet … Continue Reading

Opportunity to Extend Development Orders and Permits for Almost 16 Months

Developers must notify issuing governmental agency by July 10th to receive a new extension Holders of permits and development orders have the opportunity to toll the period remaining to exercise rights under the permit or order for nearly 16 months. Section 252.363 of the Florida Statutes permits a tolling of development orders and permits upon … Continue Reading

Miami-Dade County Commission Approves Incentive-Driven Workforce Housing Ordinance

On December 20, 2016, the Miami-Dade County Board of County Commissioners approved an Ordinance proposed by Commissioner Barbara Jordan that provides incentives for builders to offer workforce housing units in new developments within the County. The Ordinance addresses the oft-discussed countywide housing affordability crisis by motivating developers to set aside units for families earning 60 percent to … Continue Reading

Amaducci-Adams Talks About Miami Market, Gender Equality in Miami Herald’s ‘Business Monday’ Section

Suzanne Amaducci-Adams, leader of the Real Estate Practice Group at Bilzin Sumberg, frequently catches people by surprise when they hear that her group has closed on more than $2 billion in commercial real estate loans so far in 2016 despite what many describe as a Miami market that’s cooling down. “When are people going to … Continue Reading

Bilzin Sumberg Partner Calms Fears of Trump Hurting Miami Real Estate Market

Attorney James W. Shindell, Real Estate chair at Bilzin Sumberg, has a message for those who believe Donald Trump’s presidential election will hurt Miami’s real estate market: The sky is not falling. Shindell addressed concerns of a Trump presidency impacting the South Florida market in a recent Q&A interview published on GlobeSt.com. Shindell said he … Continue Reading

Discover What’s Ahead for Miami’s Condo Market

Significant issues facing the residential real estate industry in the coming year will be the topic of discussion on Wednesday, November 30 at the Urban Land Institute Southeast Florida & Caribbean’s annual Miami Condo & Community Development Symposium. Real Estate developers and investors from across the U.S. and Florida will be on hand to network, … Continue Reading

Changes to Public Records Act Reshape Duties of Government Contractors

Recent amendments to Florida’s Public Records Act change a government contractor’s responsibilities under the Act in four ways: (1) Public records requests must be made directly to the public agency and not the contractor. (2) After a contract ends, contractors may either transfer all records to the public agency or keep and maintain the public … Continue Reading

Extend Development Orders and Building Permits for Almost One Year Due to Extension of Zika State of Emergency

Governor Scott, for the second time, has extended the State of Emergency issued for the Zika Virus. As a result, holders of development orders and building permits have another opportunity to claim a longer extension. The Governor also declared a State of Emergency in advance of Hurricane Matthew. Under Florida Law, that State of Emergency … Continue Reading

Middle East a Bigger Player in South Florida Real Estate

It’s no secret that Miami has become one of the world’s most attractive markets for international investors. Latin Americans in particular have had a heavy influence in local real estate as one of the main demographic groups purchasing properties throughout South Florida. However, recent data from CBRE indicates that one region of the world is … Continue Reading

How South Florida Real Estate Developers Are Reducing Litigation Risk

Leading up to the Great Recession of 2008, properties throughout South Florida were being bought only to be subsequently resold at a profit.  This “flipping” of properties culminated in an unsustainably-inflated real estate market that eventually collapsed. Flipping was facilitated, in part, by low deposit requirements. Buyers with little investment capital could buy expensive properties … Continue Reading

Bisnow Power Series: Women of Influence

Bilzin Sumberg Real Estate Practice Group Leader, Suzanne M. Amaducci-Adams, will act as moderator of Bisnow’s Power Series event, Women of Influence, where panelists will discuss what is driving South Florida’s top female executives. According to Bisnow, the event “will be bringing together the top female executives from all walks of the real estate community in South … Continue Reading

Increased Costs Shifting South Florida Apartment Construction

At the Miami Finance Forum’s recent panel discussion regarding the current status of South Florida commercial real estate, panelist commercial developers stated they are responding to strong tenant demand across all sectors. While all agree that the South Florida commercial real estate market, and especially multifamily rental, has appreciated substantially since the recession, the debate among … Continue Reading

The Sky is the Limit

Miami’s ever-changing skyline is set for its biggest upgrade yet. With the Federal Aviation Administration’s recent decision to allow buildings in Miami to reach a height of 1,049 feet above sea level, One Brickell City Centre is expected to surpass the Four Seasons Hotel and Tower to become the tallest building, not only in Miami, … Continue Reading

Miami 2016 Retail Renaissance

Bilzin Sumberg Real Estate Partner, Adam Lustig, will be moderating on a panel discussing Miami’s hot retail market. According to Bisnow, “With strong demand drivers in place, developers are anxious to capitalize on the city’s retail market, as evidenced by the 1.4 million square feet of new space scheduled for construction within the next three … Continue Reading

Shared Office Space – The “Uber” of Commercial Real Estate?

The new sharing economy is changing the way business has traditionally been done across industries. The commercial real estate industry is no exception. Just like Uber and Lyft have disrupted the hired car industry and Airbnb is upsetting the hospitality industry, the trend of coworking, or shared office space, is revolutionizing commercial real estate. Cosharing … Continue Reading
LexBlog