CRE Landlords, Tenants Fight For Upper Hand In S. Florida
Law360 (September 2, 2022, 4:01 PM EDT) — With economic forces and local market trends driving up prices for South Florida commercial real estate, the mutual needs that marked tenant-landlord relationships during the depths of the pandemic have given way to property owners motivated to seek out technicalities and other creative means to oust tenants […]
Large self-storage facility may be coming to Atlantic Avenue and Turnpike intersection
The country’s largest self-storage company, Public Storage, is looking to build a three-story facility on the southwest corner of Florida’s Turnpike and Atlantic Avenue. The County Zoning Commission on Aug. 25 granted a necessary variance, the first approval in what will be a lengthy process to build a three-story, 71,259 square-foot facility on a vacant […]
Legal battle ramps up at waterfront Bal Harbour condo building
Former unit owner and her buyers allege board president Joseph Swedroe is engaging in “self-dealing” Current and former unit owners at a boutique waterfront building in Bal Harbour allege that the condo board president has illegally obtained control, with the goal of ultimately terminating the association and redeveloping the property. Litigation between Water’s Edge House […]
As Fight Over South Florida Condo Termination Intensifies, Expect More Litigation as Developers Pursue New Buildings
“A lot of condo associations seem to go unchecked. It’s not to say that they do anything wrong, but the truth is, a lot of people aren’t paying attention to what their condo board does. Especially in something like this particular building, where a lot of its members are part-time residents,” said Jordan Isrow of […]
StrongBlock Lured, Bilked Crypto Investors Via Reward, Suit Says
COURT: S.D.N.Y. TRACK DOCKET: No. 1:22-cv-07313 (Bloomberg Law Subscription) JUDGE: Vernon S. Broderick (Bloomberg Law Subscription) COMPANY INFO: StrongBlock (Bloomberg Law Subscription) Crypto-asset seller StrongBlock promised “lifetime” rewards with the purchase of certain blockchain products but then capped those rewards in a bait and switch, 15 investors say in a suit in federal court in New York. The company also violated the […]
Hollywood trailer park goes under contract to developer
The developer has proposed a 7-story project here. Pinnacle aims to redevelop a trailer park in Hollywood to build the second phase of its affordable housing project. The city’s Technical Advisory Committee on Sept. 6 will consider plans for Pinnacle 441 Phase 2. Miami-based Pinnacle has the 1.67-acre trailer park, containing 50 homes, at 6028 […]
30 years after Hurricane Andrew: How resilient is South Florida? – orlandosentinel.com
The 30th anniversary of Hurricane Andrew’s assault on South Florida is days away, and for the uninitiated and those who may have forgotten, here is what the Category 5 storm did to southern Miami-Dade County and elsewhere. After striking on Aug. 24, 1992, Andrew killed 65 people, destroyed 63,000 homes, left 175,000 homeless, and in […]
30 years after Hurricane Andrew: How resilient is South Florida? – sun-sentinel.com
The 30th anniversary of Hurricane Andrew’s assault on South Florida is days away, and for the uninitiated and those who may have forgotten, here is what the Category 5 storm did to southern Miami-Dade County and elsewhere. After striking on Aug. 24, 1992, Andrew killed 65 people, destroyed 63,000 homes, left 175,000 homeless, and in […]
Twin towers, each rising 35 stories, will be the tallest in Hollywood’s downtown
HOLLYWOOD — When glitzy twin apartment towers take up residence on the east side of Young Circle, they’ll have bragging rights as the tallest downtown. The luxury towers, currently dubbed B57 North and B57 South, will rise into the sky nearly 400 feet high, transforming the east side of Young Circle from dormant to dazzling, […]
‘All part of the game’: Commercial landlords seek ways out of long-term leases as more lucrative tenants arrive
Property owners that don’t want to renew leases as rents increase will find unique ways to get out of contracts. Landlords are finding ways to oust long-term tenants and replace them with new businesses willing to pay premium asking rents, two attorneys told the Business Journal. Jordan Isrow, a partner in the Fort Lauderdale-based Government Law […]
Two seasoned litigators – And deft dealmakers – launch the government law group
Article Link: Two seasoned litigators – And deft dealmakers – launch the government law group
Landlords Are Slashing Ties With Tenants to Capitalize on a Hot CRE Market. Here’s How They’re Doing It
“I think there’s going to be sympathy for businesses but at the same time, the law is really designed in a way to capitalistic benefit,” said Jordan Isrow of Government Law Group in Fort Lauderdale. As commercial rental rates rise in South Florida, some landlords who are locked into leases are hoping to capitalize on […]
Law Lags Behind Tech As 3D Construction Forges Ahead
Law360 (June 28, 2022, 1:27 PM EDT) — When the married co-owners of Precision Building & Renovating LLC decided to build Florida’s first 3D-printed home just outside Tallahassee city limits in 2019, the pair found themselves embroiled in a painful process that they eventually walked away from altogether. Leon County slow-walked James and Kyndra Light’s […]
On the Rise: Jordan Isrow
Get to know some of the most accomplished and promising attorneys in Florida, aged 40 or younger. Title, Firm: Partner at Government Law Group What drew you to a career in law? As a kid I was the unfortunate victim of an accident that required serious surgery and extensive rehabilitation. That was the first time I had […]
‘From the Ashes of Calamity’: Lawyers React to Swift $997 Million Resolution of Surfside Condo Collapse Litigatio
“Next time you hear someone disparage our profession, it is worth remembering some of the exceptional work done here.” Less than a year after the June 24, 2021, collapse of the Champlain Towers South condominium building killed 98 people in Surfside, a proposed $997 million class action settlement has been reached—to the amazement of many in […]
Does a Noisy Gym Equal Property Damage? ‘Interpretation Is Key’ in This Insurance Suit Against a Florida Condo Association
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 […]
Pricey Land Market Confounds Developers
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 […]
As dev site prices soar in Miami, buyers play a “dangerous game”
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 […]
Protecting Trade Secrets and Avoiding Litigation in the Great Resignation Era
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 […]
3 Real Estate Areas To Watch As Russia-Ukraine War Persists
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 […]