Developers snap up multifamily sites despite higher costs, overbuilding
A pair of developers scooped up two separate multifamily project sites, as South Florida construction costs stay elevated and the region has barely emerged from years of oversupply in the rental market. In the bigger deal, an affiliate of Brickell-based North Development paid $32.8 million for the
Amendment 3 spells property tax break for homesteads. For renters? Not quite, study says
As Floridians head to the polls to decide on a property tax amendment, a study found the legislation meant to make homeownership more affordable could burden renters. Amendment 3 would increase the homestead exemption on primary homes to $150,000 from the current $50,000 from non-school taxes, with
Todd Glaser, David Edelstein buying one of Palm Beach’s most-expensive estates for $160M
Two spec mansion developers are buying one of Palm Beach’s priciest residential properties to tear it down. Todd Glaser and TriCap’s David Edelstein plan on buying one of Palm Beach’s priciest residential properties for redevelopment. They are under contract to pay $160 million for 911 North Ocean B
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