It’s a lawsuit that raises questions about how insurance contracts should be interpreted, as this commercial general liability policy defines “property damage” as “physical injury to tangible property.” The big question in a lawsuit that pits insurance underwriters against a Florida condo association is: does the disruption of a noisy gym constitute property damage? It’s […]
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Last year, prices were up 6 percent, the most in nearly a decade. The pursuit of land and its price is rising, putting a strain on developers in nearly every market and industry segment. In 2021, the land market had its best year in nearly a decade as sales rose 6% and outperformed the pace […]
Development site deal volume in Greater Downtown Miami rose 155% between 2019 and 2021 Developer Chaim Cahane bought a development site in Miami’s Wynwood for $6.4 million in December. Three weeks later, a broker called him with an unsolicited all-cash offer: Flip it for 75 percent more. Then, in March, Cahane’s Forte Capital partnered with investor Jon […]
Arguably one of the biggest changes has been the unprecedented manner in which millions of Americans have quit their jobs in search of new career opportunities that offer greater flexibility, improved work-life balance, higher pay and increased opportunity for advancement. The times they are a-changin’—and it’s beginning to look like things may never go back […]
Law360 (April 1, 2022, 10:58 AM EDT) — As Russia’s invasion of Ukraine enters its second month, U.S. real estate investors are all eyes on supply chain and inflation concerns, while global investors could shift more of their assets into U.S. properties amid growing concerns about the European market. The U.S. real estate market was […]
DELRAY BEACH — The issue of whether more late-night bars in Delray Beach could expand farther out on Atlantic Avenue will likely soon come before the city again as a new sports bar keeps up its fight to receive an exemption to stay open until 2 a.m. And that will likely set up another contentious battle […]
Among outgrowths of the pandemic has been an explosion of newcomers to Florida. Many recent arrivals to the state are from urban areas in the Northeast and Midwest U.S., where density and walkability have long been part and parcel of daily life. It’s only appropriate, then, that Florida is witnessing a surge in what might […]
DELRAY BEACH — Delray Beach has long confined the festiveness from its late-night bars and restaurants to a half-mile stretch on Atlantic Avenue, but that could come to an end. Bounce Sporting Club, an upscale sports bar set for the $300 million Atlantic Crossing development on Atlantic just east of Federal Highway, is hoping to […]
MIRAMAR — Miramar City Commissioner Winston F. Barnes, 73, will keep his seat on the dais. City leaders planned to vote at Monday night’s meeting on whether to oust Barnes for attending commission meetings remotely throughout the pandemic. But before any commissioners could discuss or vote, Commissioner Maxwell Chambers, who brought up the motion, withdrew […]
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