Real Estate Pros React To Federal Interest Rate Cut
The Federal Reserve’s long-awaited announcement Wednesday that it is cutting its benchmark interest rate by 0.25% drew measured reactions from real estate attorneys and professionals, who said the move definitely provides reason for optimism but had already largely been factored into markets and does not represent the major step some sought. In comments shared with […]
Charting Florida Housing Affordability Stressors In Hollywood And Beyond
Throughout Florida, cities and counties are struggling with achieving a balance between the development pressures that accompany growth and the need to retain housing affordability. Few municipalities from Key West to Tallahassee better reflect that tug-of-war than Hollywood. The city of 150,000 between Fort Lauderdale and Miami celebrates its centennial this year while staging a […]
Developer of twin condo towers wants lawsuit filed by neighboring building dismissed
A developer building twin condo towers on Fort Lauderdale beach has requested the dismissal of a lawsuit filed by a nearby condo claiming breach of contract. Selene’s twin towers will be the tallest on the beach, rising 300 feet above sea level at 3000 Alhambra St. The towers are situated to the east of Alhambra […]
Local Restrictions In New Fla. Hurricane Law Cause Friction
The Florida Senate hailed the signing late last week of a wide-ranging bill aimed at bolstering the state’s handling of hurricanes, but a legal battle could lie ahead, as Gov. Ron DeSantis provided his signature over objections that portions will trample on local governments’ authority to regulate land use and development in their own communities. Senate Bill […]
Affordable housing vs. local control: Suits test state plan’s strength
Palm Beach Post USA TODAY NETWORK Will Live Local survive legal challenges? All eyes are on two South Florida lawsuits, one in Hollywood (Broward County) and another in Bal Harbour (Miami-Dade County). Both towns have been sued by developers that argue that they are now entitled to build their mega-developments despite what local zoning codes […]
Condo next door sues developer building tallest twin towers on Fort Lauderdale beach
Can you sue over a view? Alhambra Place, a condo tower in Fort Lauderdale with a view of the beach, is doing just that — alleging breach of contract and seeking more than $10 million in damages. For 24 years, residents of the 16-story condo tower at 209 N. Birch Road have enjoyed an unfettered view of […]
Trouble in Florida’s real estate paradise
The Sunshine State has a grim warning for America’s homebuyers Zach Janik had all the makings of a Florida lifer. Born and raised in West Palm Beach, he spent most of his adult years in St. Augustine, a small beach town on the state’s northeast coast. In 2018, just shy of 30, he purchased a […]
Live Local developers eye outcome of civil lawsuits and latest bill
Florida Legislature unanimously passed developer-friendly amendments to the workforce housing law Florida lawmakers recently strengthened the Live Local Act’s state control over municipalities, aiming to crack down on cities and counties that try to block applications filed under the workforce housing law. The amendments, unanimously approved by the House and Senate, which now await Gov. Ron […]
Florida Escalates Fight For Workforce Housing Authority
The Sunshine State’s latest Live Local Act update strengthens zoning preemptions and adds legal muscle, at odds with city governments that invoke home rule protections to resist affordable housing mandates. After rents and home prices surged during the pandemic, Florida responded in 2023 by passing a law dubbed the Live Local Act to boost affordable […]
Pinnacle advances 196-unit Live Local affordable housing project in Fort Lauderdale
Developer plans 96 workforce units at Pinnacle at Cypress, along with 100 units for seniors Pinnacle Housing Group and its partners advanced its plan to build a 196-unit Live Local Act affordable housing complex with separate buildings for seniors and workforce tenants in Fort Lauderdale’s Cypress Creek area. The Fort Lauderdale City Commission last week […]
Top Palm Beach County professionals, business people on the move for the week of Feb. 9
In our weekly list of business people on the move, we highlight Palm Beach County professionals who are making a difference. These are people from across the spectrum of public and private endeavors, those working in charities, court houses, private practices and beyond. They are moving up within their industry, advancing their careers and standing […]
Developer’s plans for high-rise on Hollywood Beach were rejected. Now they are suing
A lawsuit filed recently against the City of Hollywood could determine how developers and municipalities handle Florida’s Live Local Act, a controversial law meant to spur more affordable housing. New York-based developers Condra Property Group sued the city Jan. 10 after it denied the group’s request to build a 17-story mixed-use project, with affordable housing […]
Condra sues city of Hollywood over denial of Live Local project
Developer proposed 17-story tower on Hollywood Beach, citing height of nearby Margaritaville The developer of a planned mixed-use project in Hollywood Beach is alleging the city illegally denied its Live Local Act application, according to a lawsuit filed this week. The complaint marks another example of local governments clashing with developers over the state’s new […]
Developer Sues Hollywood To Force Approval Of Beachside Tower Under Live Local Act
A New York-based developer is testing the reach of Florida’s Live Local Act, suing the city of Hollywood to advance its planned 18-story mixed-use complex. Condra Property Group filed a lawsuit this week in Broward County circuit court against the beachside city outside Fort Lauderdale after it denied Condra’s proposal to build a 183-foot-tall tower. The project is above the height […]
Cost Concerns Keep Real Estate Atop Florida Policy Agenda
A New York developer has hit Hollywood, Florida, with a state court suit accusing the city of improperly interpreting the state’s Live Local Act to block the developer’s proposed 17-story beachfront project after falling short in efforts to get the affordable housing law changed. The 2023 law, which offers developers entitlements to build bigger and […]
Suit Looks To Overturn Fla. City’s Affordable Housing Denial
A New York developer has hit Hollywood, Florida, with a state court suit accusing the city of improperly interpreting the state’s Live Local Act to block the developer’s proposed 17-story beachfront project after falling short in efforts to get the affordable housing law changed. The 2023 law, which offers developers entitlements to build bigger and […]
South Florida’s Affordable Housing Fight Heats Up With Broward’s First Live Local Act Lawsuit
A brewing legal battle over a beachfront affordable housing development could redefine how cities across Florida implement the state’s ambitious Live Local Act. On January 10, a developer filed Broward County’s first lawsuit under the Act, after the City of Hollywood blocked a proposed 17-story mixed-use development that would bring affordable housing to Hollywood Beach. The lawsuit, filed […]
Developer sues Hollywood over proposed 17-story beachside development
A developer has sued the city of Hollywood, accusing it of improperly blocking a proposed 17-story, $80 million beachside development that would feature affordable housing. The lawsuit is billed as Broward County’s first lawsuit under Florida’s “Live Local Act,” a state law that offers various incentives to developers to create more affordable housing. The lawsuit alleges […]
Some millennials are moving into neighborhoods with built-in golf and yoga that let them live like carefree retirees
Some young professionals say they’re moving to communities to enjoy outdoor activities like golf and yoga. They said the pandemic helped them value outdoor space and leisure time — akin to living like retirees. Each generation follows a similar journey: Rent in a city when you’re young, move to the suburbs once you’re ready to […]
HOAs, condos among new laws starting July 1
Florida has a spate of new laws that took effect on July 1, with several that could have big impacts for real estate professionals, developers, homebuyers and more. Here are some of the most significant real estate legislation from the most recent legislative term: This general bill was crafted and introduced by the Commerce Committee, […]