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August 20, 2018

Florida Trend Real Estate

Palm Beach real estate tycoon Jeff Greene files to run for governor

| 6/4/2018

Palm Beach real estate tycoon Jeff Greene files to run for governor

Palm Beach real estate tycoon Jeff Greene has filed to run for governor as a Democrat. Green, a 63-year-old billionaire who ran unsuccessfully for the U.S. Senate in 2010, filed papers Friday. Greene enters an already crowded Democratic primary field that already features Andrew Gillum, Gwen Graham, Chris King and Philip Levine. More from the Miami Herald and the Tallahassee Democrat.

Florida real-estate firm targets aging baby boomers

Most commercial-property investors who buy office buildings, rental apartment buildings and shopping centers have traditionally shunned health-care-related real estate as too risky and complicated. But this nontraditional sector is gaining luster thanks to the aging of the baby-boom population. [Source: Wall Street Journal]

Analysis: 9.7 percent of Florida property owners' mortgages are 'underwater'

In Florida, owners of 408,567 properties with mortgages owe at least 25 percent more on their loans than their property is worth, according to an analysis by ATTOM Data Solutions looking at home equity at the end of the first quarter. [Source: Florida Business Daily]

Florida Realtors head to Washington

Last week, Realtors from Citrus and surrounding counties went to Washington, D.C., to represent their communities with the legislatures. Some of their major talking points with legislators were: Equal access to housing opportunities, condominium rules, and the National Flood Insurance Program. [Source: Citrus County Chronicle]

South Florida’s residential construction booms in April, commercial plummets

For residential construction and commercial construction, South Florida was the tale of two markets in April. Residential construction in South Florida boomed, while commercial construction dropped off significantly in April compared to April 2017, according to a new report by Dodge Data & Analytics. [Source: ]

STAT OF THE WEEK
2.8 million square feet
Colliers, a real estate services company, says 2.8 million square feet of hotel space is under construction in South Florida, with 4,163 rooms to be delivered in the next two years. [Source: South Florida Sun-Sentinel]

ALSO TRENDING:

› Owner of nearly 70 acres in West Kendall proposes major mixed-use development
The owner of a 69.85-acre site in southwest Miami-Dade County proposed a major development on the vacant land that would include apartments, hotel rooms, retail stores and office space.

› Sarasota Architecture Week and the Sarasota Design Conference
Sarasota Architecture Week, presented by the Florida Gulf Coast chapter of the American Institute of Architects, began Saturday with open houses at 11 architecture studios in or near downtown Sarasota. The next event is Tuesday, when the chapter presents its design awards at 5:30 p.m. at the Hyatt Regency.

› Rising South Florida property values make it harder to find affordable homes
South Florida’s rising property values are good news for people looking to sell — and for local governments that want more taxes without having to raise their tax rates — but they’re not helping regular workers trying to find affordable places to live.

› Shakira is selling her Miami Beach estate with the help of her real estate agent brother
Shakira’s modern, six-bedroom residence in Miami Beach, Florida, has entered the market for $11.648 million. And, so, it isn’t about Whenever, Wherever—it’s about Miami Beach.

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