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Florida Senate OKs criminal penalties for condo violations

Wednesday May 03rd, 2017

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  The Florida Senate unanimously approved a bill that would impose sweeping changes to condominium violations. Senate bill 1682 imposes criminal punishments on violations that include fraud, falsifying information, failing to provide financial information, stealing, manipulating records and more. It was sponsored by Hialeah Republican Sen. René Garca and Miami Democrat José Javier Rodríguez, El Nuevo Herald reported. The bill is now headed to Gov. Rick... [read more]

Stalled condo will be bought out of foreclosure, restarted

Friday Apr 28th, 2017

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  An investment group has stepped forward to acquire the stalled H3 Hollywood Condominium project out of foreclosure and aims to resume construction. Vivian Dimond said she is the managing partner of a group of investors that purchased the $7 million first mortgage on the property and has also struck a deal with LB Construction to take title to the partially-completed building at 2165 Van Buren Street. Dimond, who is also a broker with Brown Harris Stevens Avatar in Miami, said... [read more]

Billionaire Jeff Greene gets green light for micro apartments in West Palm

Friday Apr 14th, 2017

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  Real Estate developer Jeff Greene scored the city’s approval to build micro units at his proposed West Palm Beach development. The Downtown Action Committee gave the green light for units sized between 300 square feet and 549 square feet, smaller than the city’s 550-square-foot minimum for apartments, the Palm Beach Post reported. Greene’s project, a 348-unit building, will have one parking space for every two micro apartments. The board’s approval... [read more]

Thousands of rentals hitting the market in 2017

Wednesday Apr 05th, 2017

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Expect to see plenty of grand openings at apartment communities across South Florida this year. Thousands of units under construction for the past two years are scheduled to hit the market in the coming months, giving weary renters more choices, though landlords are still likely to be calling the shots on price, analysts say. Developers this year are due to complete 15,551 units in Palm Beach, Broward and Miami-Dade counties — a 48 percent jump from 2016 and a 62 percent hike from... [read more]

Fort Lauderdale's tallest tower breaks ground with condos starting at $800,000

Tuesday Mar 28th, 2017

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  Kolter Group held the ground breaking for 100 Las Olas, a mixed-use tower that would be the tallest building in Fort Lauderdale. The building will rise 499 feet in 46 stories. It will have 121 condos and 238 rooms in a Hyatt Centric hotel. Condo prices start in the $800,000s to over $2 million with sizes from 1,501 to 2,964 square feet. The project at 100 E. Las Olas Blvd. will also have 8,500 square feet of restaurants and retail on the ground floor, plus separate pool decks... [read more]

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