Housing Trust Group nabs financing for $36M affordable rental project in south Dade

Thursday Aug 10th, 2017


Coconut Grove-based Housing Trust Group closed on construction financing for a $36 million affordable housing development in south Miami-Dade. HTG plans to break ground on the 150-unit project at 13105 Southwest 248th Street in Princeton later this month, according to a press release. The developer will build Princeton Park using 9 percent low-income housing tax credits from Florida Housing Financing Corporation, $23.7 million from National Equity Fund and SunTrust, a $3.5 million loan... [read more]

Property tax resolution passes Legislature; it may take effect in 2019

Tuesday May 2nd, 2017


  A joint resolution proposing to increase the state homestead exemption passed the Senate and the House in the Florida Legislature on Monday. House Joint Resolution 7105 has to go before voters in next year's election and get enough votes to amend the Florida Constitution. House Joint Resolution 7105 proposes to increase the exemption on the assessed value greater than $50,000 and up to $100,000. Right now, property owners can claim $25,000 in homestead exemption. That means... [read more]

Q1 2017 Foreclosure Activity Below Pre-Recession Levels Nationwide and In 47 Percent Of U.S. Markets

Thursday Apr 13th, 2017


  ATTOM Data Solutions, curator of the nation's largest fused property database, today released its Q1 and March 2017 U.S. Foreclosure Market Report, which shows first quarter foreclosure activity was below pre-recession levels nationwide and in 102 out of 216 metropolitan statistical areas (47 percent) analyzed in the report. Nationwide the report shows foreclosure filings - default notices, scheduled auctions and bank repossessions - were reported on 234,508 U.S. properties... [read more]

Florida Officials Propose Hyperloop That Could Make Miami-to-Orlando Trip in 26 Minutes

Tuesday Apr 11th, 2017


        The Hyperloop at first sounds like one of Elon Musk's crackpot ideas. Musk, America's premier huckster polymath, claims his Hyperloop can get travelers the 380 miles from Los Angeles to San Francisco in just 30 minutes by shooting passengers at 780 mph through frictionless pneumatic tubes.   But the idea allegedly isn't that far-fetched anymore: One of the two companies working to create real Hyperloops is now planning lines... [read more]

Palm Beach County to consider project with 456 units and 163,000 square feet for commercial use.

Thursday Apr 6th, 2017


A mixed-use project in west Boca Raton would have apartments, retail, restaurants and a theater. The Palm Beach County Zoning Commission will consider the application of Glades 95th LLC, an affiliate of Deerfield Beach-based Rosemurgy Properties, Giles Capital Group and Schmier & Feurring Properties, on April 6. The company has the 38-acre agricultural site at the southwest corner of Glades Road and 95th Avenue South under contract from multiple owners. The county approved a land... [read more]