March 28, 2020
Realtors, developers worry about climate change — but buyers aren't fretting just yet

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Florida Trend Real Estate

Realtors, developers worry about climate change — but buyers aren't fretting just yet

| 1/13/2020

Realtors, developers worry about climate change — but buyers aren’t fretting just yet

For the past six years, climate change has been on the bottom of the list of concerns for real estate industry professionals. Now it’s on top. That’s according to law firm Berger Singerman’s sixth South Florida Real Estate Survey, published in December. About 35% of the 2,000 respondents said that climate change would be the most pressing issue facing the South Florida commercial real estate market in 2020. More from the Miami Herald, Globe St, and Miami Agent.

In Florida, homeowners come for the weather and stay for the tax relief

In 183 days, wealthy homeowners can potentially shave tens of thousands of dollars from their tax bills. They can get that same savings the next year and the following years as well. In fact, they can cut their taxes even further after they die. What’s the secret? Moving to Florida. [Source: Wall Street Journal]

Opinion: Let’s make Florida the epicenter for creative home designs for all lifestyles

A study by The Suddath Companies showed the state’s robust job market is drawing young talent from across the United States. 60% of relocations to the state fell under such categories as young single adults, young families and families with children still living at home. This growth shift is creating a new demand in South Florida’s home designs and driving changes in the economy. [Source: Miami Herald]

Florida Realtors seeks student scholarship winners

Do you have kids currently in college, or maybe one who is about to graduate high school? Are they interested in a possible real estate-related career? Then find out more about the Student Scholarship Program offered through Florida Realtors® Education Foundation Inc., a not-for-profit corporation that provides real estate-related educational scholarships. But act fast: The application deadline for this year's program is March 9, 2020, at noon. [Source: Florida Realtors]

Conference will focus on trends and challenges in commercial real estate

The Southwest Florida CCIM District hosts the 20th annual Commercial Real Estate Outlook Conference from 7:30 a.m. to noon Tuesday, Jan. 21, at the Hyatt Regency Coconut Point Resort & Spa. Keynote speaker and economist Elliot Eisenberg will discuss “Economics 20/20.” Lesley Deutch of John Burns Real Estate Consulting will present “Changing Market Demographics and Project Design Innovations,” and Danny Rice, managing director of Colliers International for Tampa Bay, Central and Southwest Florida, will discuss emerging trends in the industry. [Source: ]

STAT OF THE WEEK
$15.5 million
One of the biggest multifamily property owners in New York City has listed his own penthouse condominium in Sunny Isles Beach for $15.5 million. [Source: South Florida Sun-Sentinel]

ALSO TRENDING:

› Developer Moishe Mana finally breaking ground on first Wynwood project
Come the fall, developer and entrepreneur Moishe Mana will break ground on his first project in Wynwood. And more will soon follow, he said. Mana is ready to proceed with a three-story, 35,410-square-foot building at 2900 NW Fifth Ave. that will house the Puerto Rican Chamber of Commerce and some additional offices for Miami-Dade County, according to Berenblum Busch Architects.

› National homebuilder purchases nearly 500 acres for new community
The west Florida division of national homebuilder PulteGroup has closed on 494 acres for a new community in north Manatee County. Del Webb, a national brand of PulteGroup, plans to add a second lifestyle-driven, 55-plus residential community in the Tampa Bay area on the site, dubbed Del Webb BayView.

› Sarasota-Manatee real estate agents top $13 billion in sales
Real estate agents and brokers in the Sarasota-Manatee area completed $13.62 billion in transactions in 2019, a 10% gain over the year. The 5,029 agents working in the two-county region notched 19,571 sales, according to the Multiple Listing Service’s 2019 Agent Awards Report. The top nine agents all surpassed the $50 million mark in total sales volume. Nine others surpassed $40 million, and 113 more broke $30 million, the report showed.

› Florida estate of late BCBG founder Max Azria listed for $5.9 million
Last fall, the late fashion designer Max Azria’s mansion in Los Angeles went on the market for $78 million, which earned it the title of most expensive listing of the week at the time. On the other coast, Azria’s vacation home on Fisher Island in Florida just went up for sale earlier this month. Although the locale is exclusive (the luxury penthouse is on the island's northern tip), the price is relatively modest, at $5.9 million.

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