Bombshell in Florida real estate could destroy several wallets

Florida Real Estate – Area of Surfside Building Collapse, Surfside, FL – Courtesy: Shutterstock — Kristi Blokhin In response to the fatal collapse of the 12-story Champlain Towers South in Surfside, Florida, Governor Ron DeSantis signed legislation requiring emergency reserve funds for condominiums statewide in May of last year. Some real estate market experts have

Concerns have been raised regarding Florida’s new condo inspection law

Aerial View of Sunny Isles Beach Condo Area – Courtesy: Shutterstock – Image by Mia2you Several weeks after Florida lawmakers enacted a bill requiring existing condominiums to undergo safety assessments to maintain their structural integrity, Central Florida condominium association members had many questions regarding how the new regulations would affect owners. “It all depends on

Land swap for Surfside building collapse site rejected

Surfside Building Collapse Site – Courtesy: Twitter – Image by Jason Pizzo SURFSIDE, Fla. — Surfside, Florida commissioners have rejected a proposal to trade public beachfront property to the future buyer of the condominium collapse site so that a memorial in remembrance of the 98 victims could be built there. The decision was made after

Miami-based Real Estate giant to keep main leadership position within the family

Courtesy: Image by skeeze from Pixabay The Related Group, a Miami-based real estate agency established in 1979, announced that Jon Paul Pérez will be the company’s new president. Jorge Pérez, the former president of the company, is passing down the head position to his son but is still retaining his position as chairman and CEO,

Florida single-family housing boom: What’s driving it?

Courtesy: Shutterstock. Image by: Andrey_Popov Amid a worldwide pandemic and a struggling economy, Florida real estate is witnessing a single-family housing boom in some of the state’s most unprecedented times. According to market data from Florida Realtors, single-family home sales surged 8.8% in August when compared to the same time last year in 2019. For