Conversion of the Saks Fifth Avenue office building into housing.

17 May 2024

Cohen Bros, which manages nine office towers in Midtown and is currently grappling with over $600 million in overdue loans, is set to redevelop the upper sections of a 499,100-square-foot tower located between 49th and 50th streets. The plan involves […]

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Coral Gables and Miami Beach: prime havens for luxury homebuyers

10 May 2024

Coral Gables and Miami Beach are now home to some of the priciest residences in the United States, attracting wealthy buyers and driving up real estate values. According to Zillow, Coral Gables’ Gables Estates tops the list with an average […]

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What Does the Settlement About Broker Commissions Mean for New York?

12 April 2024

So what’s this lawsuit about Realtor commissions all about? This spring has brought significant challenges for the National Association of Realtors (NAR). In a landmark move, the association agreed to a $418 million settlement in March over allegations that its […]

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“Miami Vice” Iconic Coastal Estate Hits the Market at $29,900,000

5 April 2024

Dive into the glamour of the 1980s with the listing of a coastal mansion that once graced the screens of the iconic TV show, “Miami Vice.” Now available for purchase in Miami for a cool $29.9 million, this property is […]

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Shifting real estate grounds: NAR rule change to transform agent commissions and homebuyer responsibilities

22 March 2024

In a landmark move that could reshape the real estate industry, the National Association of Realtors (NAR) has proposed a settlement that, pending court approval, will significantly change how agent commissions are handled. Set to be implemented in mid-July, this […]

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An appeals court decision that reversed the termination of an Edgewater condo could suspend buyouts throughout the state. Order raises concerns about the developer’s Edition Residences’ future.

15 March 2024

A recent decision by a Florida appeals court has stirred the real estate sector by challenging a condominium termination in Miami’s Edgewater, potentially affecting statewide buyouts. This ruling in favor of the Biscayne 21 condo owners, who opposed their association’s […]

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How do South Florida home prices affect prospective buyers?

23 February 2024

Despite growing costs, more individuals are purchasing homes in South Florida. According to the most recent monthly home sales report from the Miami Association of Realtors, property prices in Miami-Dade and Broward counties are currently +1% to nearly +16% higher […]

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Vornado proposes innovative concept for former Hotel Pennsylvania location

16 February 2024

Vornado Realty Trust has introduced a new proposal for the site of the former Hotel Pennsylvania at 15 Penn Plaza. The company now aims to develop an 80,000-square-foot multipurpose event space, a significant change from the originally planned 56-story, 2.7 […]

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Miami sees surge in short-term rental growth surpassing traditional condo developments

12 February 2024

In Miami’s prime real estate districts, including Downtown Miami, Brickell, Edgewater, and Miami Beach, a surge in short-term rental condos is reshaping the property landscape. A recent report from ISG World reveals that out of 15,216 units in the development […]

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