South Florida condo owners are increasingly experiencing grizzly scenarios dubbed “plans of termination,” where many individual property rights are being stripped away and units converted into rental complexes. This comes as a highly challenging situation to condo owners. Investment

Thanks to a federal grant worth $23.2 million, new homes are being refurbished by Habitat for Humanity chapters and new homeowners to make up for those lost in the foreclosure crisis. The first refurbished home will be dedicated on

National Real Estate developer, Sobel Company, has rejoined the Florida real estate market in its recent committal to a 34-unit townhome project in Pompano Beach. Construction of the new residences, called the Barefoot Beach Villas, is intended to begin

Year-over-year sales in Miami for both existing single-family homes and condominiums were sweet at oranges in September, rising 46 percent and 58 percent, respectively, according to new data from the Miami Association of Realtors (MAR). Statewide sales also posted

Miami-based Cervera Real Estate honored select associates last week at its quarterly top producer awards celebration dinner, which recognizes agents with outstanding sales performance from various South Florida

Paramount Bay, the swanky 47-story bay front tower, recently announced its new residential sales. To sell the tower’s 340 units, with prices beginning at $400,000, Paramount Bay has assembled an expert team of luxury real estate professionals to handle

Miami is poised to see its first high-rise condominium development since the housing bust in 2008, according to a Miami Herald report. Developed by Newgard Development Group, the $170 million, 46-story tower will house 374 residents in a number of

A new report from luxury real estate office Douglas Elliman showed numerous gains in year-over-year data, including findings on pricing, sales and even encouraging signs for distressed properties, long an albatross for the Miami market. Total sales increased 4.6 percent

“Problem homes” – abandoned properties that have become havens for vagrants and drugs – are being torn down in South Miami in an effort to improve safety and curb illegal behavior. Part of the city’s Project Broken Window, the

Bank of America is offering distressed Florida homeowners a $20,000 incentive to short sale their homes – starting immediately. BofA hopes that by doing so, the number of foreclosure in the area, as well as the length of the

Price: $0.99 How it Works: The Mortgage Calculator Pro, one of the top 10 finance apps for 2010, is a quick and easy calculator designed for brokers, Realtors and homebuyers. Optimized for iOS 4 and Retina Display, Calculator Pro

As part of a wide-ranging effort to stimulate economic growth and job creation, Florida’s state legislature has repealed its 30-year growth management law, known as “Smart Growth.” Smart Growth had stipulated that local jurisdictions were to draft plans for

The Department of Housing and Urban Development announced yesterday $28 million in grants – $125,000 of that due to a Miami organization – to fight and investigate housing discrimination and promote equal housing opportunities. Funded through the Fair Housing

The Miami-based luxury condominium and real estate sales and marketing company, Cervera Real Estate, recently launched a new Facebook application that allows users to search, view and share local home listings. The application was developed by SocialKandy, a Miami-based

High-end buyers and first-timers propelled the Miami housing market in August, boosting sales by 9.3 percent from July and 25 percent from August 2010, according to new research by DataQuick. Homes on either side of the pricing spectrum were

August was a sparkling month for Miami real estate, as Miami Association of Realtor (MAR) data for pending home sales and total listings both posted extremely positive year-over-year results. Pending home sales for Miami, counting both condominiums and single-family