Friday, June 19, 2015

First OK Rezoning of 205 Acres in Wynwood

 

Recommendations need to be finalized by the city commission
                
                                    

Individual property owners protected from bulk condo investors under new law

Tuesday, October 21, 2014

Miami Worldcenter project to feature new condo towers

Developers confirm residential plans during recent real estate industry event

October 14, 2014 12:00PM
By Peter Zalewski                                                

Monday, July 7, 2014

Nonprofit puts Lincoln Road building on market

ArtCenter South Florida owned Miami Beach property since 1988

ArtCenter South Florida could cash in on the property investment flurry occurring on South Beach’s Lincoln Road.
The nonprofit announced on Tuesday that it plans to sell its nearly 18,000-square-foot building at 800-810 Lincoln Road. ArtCenter also owns a building at 924 Lincoln Road. That property is not for sale.
Chris Lentz and Robert Kaplan of Ackman-Ziff Real Estate’s Miami office are marketing 800-810 Lincoln Road on behalf of ArtCenter, which paid a mere $700,000 for the property in 1988.
ArtCenter cited a desire for “additional resources” for the organization’s expansion plans in Tuesday’s written announcement.
“The timing of this could not have been any better as the organization can now expand its exhibitions and educational outreach programs and increase the resources that are provided to the current and alumnae artists enabling them to continue to thrive,” ArtCenter chairwoman Kim Kovel said.— Eric Kalis

Saturday, March 22, 2014

Florida homeowners to get $9.2B in mortgage relief

Lenders honor national settlement that impacts 120,000 borrowers statewide
March 20, 2014

Florida homeowners are set to receive $9.2 billion in relief through the National Mortgage Settlement.
The state attorney general’s office announced the nation’s largest banks honored their obligations under the settlement on Tuesday, the Palm Beach Post reported. The agreement was originally reached in February 2012. It allowed lenders to atone for some of their foreclosure-related practices after the housing market collapsed.
Of the nearly 632,000 mortgage holders nationwide to get reimbursed, 120,000 are located in Florida. A total of $50.4 billion in relief was provided by the lenders. Florida got a special guarantee promising $4 billion in principal reductions, mortgage modifications and refinancings.
“I am very encouraged by what we have accomplished so far but I realize that there are still many Floridians facing the loss of their family homes and struggling to get back on their feet,” Florida Attorney General Pam Bondi said. — Eric Kalis