Forec

Miami Beach condo owners face big costs imposed by investors

Daniel Fiorda moved out of his 800-square-foot condo in Miami Beach last month, more than two decades after he bought it.

He didn’t want to leave his canal-front slice of paradise. But after a real estate firm purchased six of his building’s 10 units, took control of the board and increased maintenance fees by more than four times — a jump for Fiorda from about $550 to $2,280 a month — he and his wife, Laura Ines Cobos, were in a bind.

Fiorda, an artist and musician from Argentina, began taking odd jobs to try to keep up. But ultimately, the couple moved into a rental in Biscayne Park and found a tenant to live in their Miami Beach home. The tenant is now paying $2,100 a month — still less than the cost of their condo fees, which are on top of mortgage payments.

“They want us to be

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Real Estate

Real estate developer details Florida’s new ‘life-changing’ residences: ‘The epicenter of Miami’

As Miami’s $4 billion urban development project breaks ground – and records – in the coming year, one of the primary builders gave an inside look into how the Miami Worldcenter will become Florida’s own Rockefeller Center.

“This is going to be really, what we believe, the epicenter of Miami. This will be kind of the Rockefeller Center,” Royal Palm Companies CEO Dan Kodsi told Fox News Digital. “Having these open plazas and big sidewalks and big walkways and everything else is a very unique experience that you’re going to have in Miami, and give you an urban lifestyle that really doesn’t exist in the Southeast U.S.”

Kodsi’s team is leading the construction of two residential buildings that are transforming the definition of work-life balance within Miami Worldcenter,

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Real Estate

Miami real estate worry about DeSantis backed bills on China

Real estate agents and academics say the bills HB 1355 and SB 264 could hurt the South Florida market by decreasing demand and leading to a dip in prices. Above: A photo of Sunny Isles Beach in Miami-Dade County, a community nicknamed Little Moscow for its large population of Russian residents and investors.

Real estate agents and academics say the bills HB 1355 and SB 264 could hurt the South Florida market by decreasing demand and leading to a dip in prices. Above: A photo of Sunny Isles Beach in Miami-Dade County, a community nicknamed Little Moscow for its large population of Russian residents and investors.

dsantiago@miamiherald.com

Limiting the buying power of foreign nationals from seven countries would weaken South Florida’s real estate market, experts in Miami’s real estate community said in criticizing legislation backed by Gov. Ron DeSantis.

The Miami Herald contacted 10 real estate agents, academics, lawyers and nonprofit leaders, they all agreed the bills would soften the South Florida residential market. The legislation could lead to slowing demand, price dips and less participation in programs such as the EB-5 immigrant investor program, in which investors in large real estate developments and their families can apply for green cards.

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Forec

Miami Condos Built on Ancient Artifacts Older Than the Bible Spark Outrage

Native American activists in Miami are calling for an archaeological dig on a site due to be developed into a series of residential towers to be halted out of respect for the human remains that have been discovered there.

A number of artifacts dating back 7,000 years—around the time that what would later become the Old Testament Bible was being assembled, according to historical estimates—were found on a parcel of land in the city off Brickell Avenue, near the mouth of the Miami River.

However, members of the American Indian Movement of Florida have said they would rather the site be preserved rather than turned into condos.

Will Pestle, a professor of bioarchaeology at the University of Miami, told news outlet WPLG on Monday that the site was “older than the pyramids. It is older than the colosseum in Rome. This is a site that has great antiquity.”

Above, archaeologists
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foreclosure sale

Miami Real Property Rental Market ? 10 Errors Landlords Make

Real EstateEstablished in 1911, Douglas Elliman Real Property is the largest brokerage within the New York Metropolitan area and the second largest impartial residential actual estate brokerage in the United States by gross sales volume. Generally we shall be around another person’s dwelling and stay jealous and assume it appears to be like tremendous cool, but it does not suggest that we want to reside there. While you desire a property to take a look shiny and well designed, you moreover must prioritize just the way it means that you can really feel which means transferring someplace that seems like home and where you stand capable to immediately calm down.

When searching for scholar accommodation in Oxford, very first thing you have to do is to determine whether you wish to at the moment are dwelling in a spot that is managed with the university, one that’s accredited via the university …

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