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South Florida Real Estate Blog

New Yorkers Fleeing the Tri-State Area in Favor of Lower Tax Options, like Florida.

July 16, 2018

States like Florida and Texas have been wooing businesses and wealthy residents with promise of warm weather, zero state income tax and relatively low property taxes for years. It looks like their time has finally come as the states are drawing a wave of Wall Street investors, real estate executives and other wealthy residents from New York and the tri-state area.

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Home Foreclosures are on the Rise in the First Half of 2018.

July 12, 2018

According to a new report released by Attom Data Solutions, twenty-two U.S. states posted increases in the number of new foreclosure filings for the first half of 2018, compared to the same period a year ago. Some experts believe the loosening of lending standards may be among the reasons why some of the nation’s hottest real estate markets are seeing a rise in their foreclosures.

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Douglas Elliman Florida Celebrates the Opening of the MIMO District Office in Miami

July 9, 2018

Douglas Elliman continues its path to dominate the Florida market with the opening of a new office in Miami’s MiMo District. The historic MiMo District runs roughly from 50th Street to 77th Street along Biscayne Boulevard in Miami. The full-floor 6,000 square-foot space located at 5555 Biscayne Boulevard will house the firm’s Design District agents.

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Zillow Looking to Raise $650 Million Via Public Offering for Company Expansion

June 28, 2018

The Seattle-based listings giant, Zillow released their regulatory filing statement on Wednesday. In it, the company stated they are looking to raise $650 million via concurrent offerings - $325 million in stock and $325 million in convertible bonds.

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Miami will be Home to the Largest and Most Expensive Mall in the Nation

June 25, 2018

It has been said the days of the shopping mall are over. Yet, while brick and mortar shopping centers are struggling to stay open, the developers of American Dream Miami are moving forward with their plans to build the nation’s largest and most expensive megamall to South Florida. American Dream Miami should not be considered your average shopping mall or even megamall. The 174-acre site will have more in common with a theme park than a traditional shopping center.

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Elysee Miami Begins its Vertical Ascent with a Massive 20-Hour Concrete Pour

June 21, 2018

A new milestone in the early life of the iconic telescope-shaped Elysee Miami has been reached. After breaking ground back in December of 2017, the striking 57-story waterfront condo tower set to rise in Miami’s Edgewater neighborhood began its vertical ascent with a massive concrete pour.

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Canvas Miami Shows Unique Amenities Including a Dog Park in the Sky

June 18, 2018

Canvas Miami is a luxury residential condo tower soaring 37 stories above Miami’s Arts and Entertainment District. As the nearly all-glass tower is heading toward completion, the developers have shared new images of the luxury amenities including a dog park in the sky and the vividly painted hallways that give Canvas Miami its art-inspired name.

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Fed Raises Interest Rates and Signals More Increases to Come

June 14, 2018

On Wednesday, the Federal Reserve raised interest rates and signaled that at least two more increases could be on the way later this year. Fed chairman Jerome Powell, in a news conference Wednesday, said the U.S. economy had strengthened enough for borrowing costs to rise without choking off economic growth. He noted that the economy had strengthened significantly since the financial crisis of 2008 and was approaching a normal level that could allow the Fed to step back and play less of a role in encouraging economic activity.

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