Cities across America are facing an affordability crunch and housing in Miami is no different. The short supply of affordable housing is even scarcer in proximity to Miami’s central employment districts with no single solution available. Efforts to promote inclusionary zoning (mandatory affordable unit requirements) have populist appeal, but limited success and actually reduce land … Continue Reading
We have previously written about the need for new funding solutions for public transportation, including mechanisms that capture the added value of mass transit on adjacent properties. Last week, consistent with our recommendation, Miami-Dade County adopted an ordinance that creates a “Transportation Infrastructure Improvement District” in order to capture the added value of new community … Continue Reading
Begin the new year with essential guidance that will help prepare your real estate company or clients for a productive and profitable 2018. The South Florida real estate community will come together on Thursday, January 18, to hear industry leaders discuss some of the most significant tax, accounting, and legal planning opportunities affecting their businesses … Continue Reading
The concept of art in public places is well-established in the United States. As early as the 1930s, the federal government created New Deal programs that paid artists to create works of art for display in municipal buildings and other public civic properties. Similarly, Miami-Dade County has required since the 1970s that art be provided … Continue Reading
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
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
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
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
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
The State of Florida has imposed a sales tax on commercial rents since 1969. Currently, the tax is imposed at the rate of 6 percent in every county except Miami-Dade which fixes the rate at 7 percent by reason of an add-on at the county option. Florida is the only state in the United States to impose … Continue Reading
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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