IRS supported wealth migration trends into Florida
By: Ted Dabrowski and John Klingner from Wirepoints Illinois, New York and California continued their streak as the nation’s biggest losers of residents and their wealth to other states, according to a Wirepoints analysis of newly-released Internal Revenue Service migration data. Texas and Florida continued to be the nation’s big winners. The latest IRS state-by-state […]
15.5 Acre Miami site to sell for $1.2B marking one of the largest land deals ever
As written by Julia Echikson from Commercial Observer A joint venture, led by David Martin’s Terra, has announced plans to buy a waterfront site near Downtown Miami for $1.225 billion in what could become one of the country’s priciest land acquisitions. The 15.5-acre parcel — at 1431 N Bayshore Drive between the MacArthur and Venetian […]
High earners preferring luxury rentals over high priced home purchases
as written by Robyn Griggs Lawrence from Multifamily Dive House-sitting services for residents who travel extensively. Healthy building certifications. Boxing rings. Always-on-call concierges who know the name of every resident dog — and their favorite treats. These are just a few of the services and amenities that luxury multifamily properties are offering to attract and […]
Miami is the top city for Gen Z
As written by Patrick Regan from the South Florida Agent Magazine Miami was recently named the top city in the nation for Gen Z techies by online form builder Jotform. The study examined the 150 largest U.S. cities and scored them on Gen Z friendliness, tech friendliness, internet connectivity and affordability. Miami was cited for […]
South Florida $87.5 Construction debt refinanced into $165M long term post showcasing lender confidence
As published by Commercial Observer A joint venture led by Related Group secured $165 million to refinance The Dorsey, a newly completed development in Wynwood. Alex Karakhanian’s LNDMRK and Ben Mandell’s Tricera Capital co-developed the mixed-use project, which opened late last year. The 618,596-square-foot building features 73,000 square feet of office space and 36,000 square […]
Offers coming in at $1.5B for 15acre site in Miami
The former Herald site in downtown Miami is attracting significant interest from developers, according to Bloomberg. Bids are coming in at prices which could set a U.S. record for a development site, listing broker Michael Fay told the news service. The highest bid came in at just under $1.5 billion. A total of five of […]
Timeline: The Shocking Collapse of Silicon Valley Bank
As shared on Visual Capitalist Written by Dorothy Neufeld Article/Editing by Nick Routley Graphics/Design by Bhabna Banerjee Timeline: The Shocking Collapse of Silicon Valley Bank Just days ago, Silicon Valley Bank (SVB) was still viewed as a highly-respected player in the tech space, counting thousands of U.S. venture capital-backed startups as its customers. But fast […]
Homestead Apartment complex sells for 32% gain after two years
Angelo Gordon Sells Homestead, Fla., Apartments for Nearly 32 Percent Gain In a sign of Miami-Dade County’s resilient multifamily investment market, an Angelo Gordon-led joint venture sold a townhouse community in Homestead, Fla., for nearly a third more than what it paid just two years ago. IMC Equity Group, led by Yoram Izhak, dropped […]
Why we avoid Los Angeles – LA orders landlords to pay moving costs on rent increases above 10%
LA Orders Landlords To Pay Moving Costs on Unusually Large Rent Hikes Ordinance Applies to Rent Increases Above 10% Los Angeles city council has passed more restrictions on residential landlords in recent weeks in an effort to protect tenants, councilmembers say. (CoStar) By Jack Witthaus CoStar News February 10, 2023 | 6:01 P.M. The city of […]
These States Had the Top Growth for U-Haul Moves in 2022
These States Had the Top Growth for U-Haul Moves in 2022 Sun Belt Dominates Growth Index Even as Overall Moves Declined Last Year Dallas-Fort Worth’s skyline. Texas was the top growth state for U-Haul in 2022. (Getty Images) By Richard Lawson CoStar News January 3, 2023 | 9:45 P.M. Texas was one of the few states […]