Inventory Intel

3,500 Sunbelt rental homes acquired for $1 billion  

Most of the single-family homes are in Texas, Georgia, Alabama and Oklahoma. 

Single-family rental JV acquiring almost 3,500 Sunbelt homes

The first phase of the deal comprises 1,424 new single-family homes and townhouses in Tampa, Fla.; Atlanta and Athens, Ga.; and Pinehurst, N.C.

Surge in multifamily construction drives housing starts in August

The increase was driven by a 21.6% month-over-month spike in the rate of new multifamily construction. Single-family housing starts, meanwhile, slid 2.8%.

RE/MAX: Home sales, prices decline in August

Month over month, home sales were down 3.5%, and the median sale price declined 1.2% to $335,000.

Fort Lauderdale estate hits market for $13.75 million

Sandra Tagliamonte and Madison Collum of ONE Sotheby’s International Realty have listed a waterfront Mediterranean estate in Fort Lauderdale for more than $13 million.

Florida hit hard with zombie foreclosures

Areas hit hard by the pandemic could see a wave of zombie properties once the federal ban on foreclosures expires.

Carlos Ponce’s Talent Hub Agency to open new Miami headquarters at Merrick Manor

Actor, singer, songwriter, composer and television personality Manny Chamizo’s talent agency acquires retail condominium on ground floor of luxury Coral Gables building

Fortune International Group picks up Pompano waterfront land for $27.5 million

Comprising 4.61 acres, the “best-of-both-worlds” property will be developed into two luxury condominiums with a private marina and beachfront amenities.

Crown jewel of Miami Beach to be restored, condo projects planned for Dania Beach and Sunny Isles

Historic Miami Beach hotel to get a facelift, luxury rental project announced for Dania Beach while Sunny Isles Beach condominium nears completion.

Inventory Intel: Nearly four acres of prime land in Pinecrest hits the market

A large parcel of land located at the entrance of Pinecrest has been listed for $4.4 million.

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