Historically, Florida has been at the top of the list for retirees, empty nesters and seasonal dwellers. Recently, it has been attracting high net worth individuals coming from states with onerous state and local taxes such as New York, New Jersey, Connecticut and California. N.Y. Governor Andrew Cuomo blamed a $2.3 billion dollar shortfall on… read more.
As defined by the Internal Revenue Service, an Opportunity Zone is an economically distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment. Opportunity Zones were added to the tax code by the Tax Cuts and Jobs Act on December 22, 2017. The intent is to bring opportunities to residents… read more.
As the year comes to an end, data from the Miami Association of Realtors and the Miami Multiple Listing Service is now available for the 3rd quarter 2018. We can now make some sales comparisons with 2017 vs 2018 and residential sales were up in Broward, Miami-Dade and Palm Beach counties. Broward County residential sales… read more.
Fort Lauderdale’s downtown area is becoming the region’s latest hot spot. A downtown that for years only had two hotels is now adding a number of brand-name hotels offering everything from luxury to affordable chic. In the transportation sector, Brightline now provides train service linking Fort Lauderdale to Miami and West Palm Beach with a… read more.
For many years now, South Florida real estate has been very attractive to foreign buyers and especially to those from South America. The region’s reputation globally has matured for both residential and commercial properties. European and Canadian investors now account for a larger share of foreign investment according to a report by the National Association… read more.
In the 2018 edition of Price Waterhouse Coopers (PwC) “Emerging Trends in Real Estate” Fort Lauderdale is ranked as one of the most desirable markets for real estate investment. Fort Lauderdale moved up from Number 35 in 2017 to Number 6 in 2018. Out of the 78 markets analyzed in the study, Fort Lauderdale accounted… read more.
Major investment and development is taking place in and around southeast Fort Lauderdale. Plans for the expansion of the Broward County Convention Center are proceeding forward and the project will include an additional 400,000 square feet of meeting space, an 800 room upscale hotel and a waterfront public plaza with multiple restaurants. The estimated cost… read more.
Fort Lauderdale is booming with both commercial and residential development and is further evolving into an increasingly popular year round destination. The addition of new condominiums, rental buildings, offices, hotels and stores will continue to add more traffic onto existing roadways that are not well equipped to handle the increasing volume. Plans and ideas have… read more.
One of the most prominent areas on the beach, the blocks around the intersection of Las Olas Boulevard and A1A, is now for sale for redevelopment. The current owners spent the last thirty years assembling multiple properties and now have 4.46 acres with 500 feet of beach frontage. They are still in the process of… read more.
Fort Lauderdale is no longer a vacation destination for tourists and snowbirds; it has become a highly desirable metropolitan destination for businesses and full-time residents. At a recent symposium sponsored by the Urban Land Institute and Fort Lauderdale Downtown Development Authority, George L. Hanbury II, President and CEO of Nova Southeastern University and a former… read more.