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The Florida mansion of Pablo Escobar to be demolished

Pablo Escobar’s former Florida mansion located at 5860 North Bay road will be demolished starting next week says Miami property management. In addition, the demolition will be filmed and will be made into a documentary film. The CEO of Chicken Kitchen, Christian de Berdouare and his wife Jennifer Valoppi bought the pink mansion at North Bay road last May 2014 for $9.6 million. After an extensive search...

Understand The Real Estate Market

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Real Estate Industry and Competitors

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South Florida real estate market is expected to be stronger this 2016

Berger Singerman conducted a survey among 100 developers, realtors, investors, lenders and contractors for their insight on 2016. The poll reveals that 42% of the respondents believe that 2016 will be better than 2015. Meanwhile 37% of the respondents said that the real estate market for 2016 will be the same as it was last 2015 and only 13% of the respondents believe that South Florida real estate market...

The Stable South Florida Housing Market

The real estate market in South Florida has one of the most stable housing markets in the United States. According to the Multi-Indicator Market Index, Broward, Palm Beach and Miami-Dade counties scored 85.3% last September. It scored 13% higher than the previous year. The top score is 100 and a score of at least 80 is considered as stable. The Multi-Indicator Market Index keeps track of housing...

Biscayne Landing Developers acquire 55 acres in North Miami

North Miami Beach Property Management has announced that Soffer and LeFrak real estate collectively known as the Oleta Partners have invested in a joint venture and closed a $22 million deal to purchase 55 acres of land from North Miami city. This venture is part of the objective to redevelop the 183 acre property previously called as Biscayne Landing know renamed as SoLe Mia. The joint venture of...

Delaying The Purchase of Your Home Could Result to It Being More Costly

When buying your home, sooner is always better than later. This, as the costs associated with buying your own home continues to increase significantly every year and is expected to continue on that path for a long time to come. This means that with the increases in home prices and interest rates, what you are able to afford this year, you might not be able to comfortably afford next year. So the best time...

Federal Housing Finance Agency sells foreclosed homes to Nonprofit

Nonprofit organizations in Southern Florida will have the top priority in purchasing government owned foreclosed homes starting this December. The Federal Housing Finance Agency will launch a program called The Enhanced First Look program on the first of December. This program is part of the campaign called Neighborhood Stabilization Initiative. Under normal circumstances, the feds will auction...

Essential Government Policies To Consider Before Your First Home Purchase

When contemplating the purchase of your first home, there are a lot of things for you to consider - the best location, how large you need that home to be, your preferred home design, whether you want to buy a ‘fixer-upper’ or a newly built home, and much, much more. One thing that is not normally considered by prospective home buyers though, is the various government policies regarding housing that...

What Do You Know About The Land Use Law?

Let us start by explaining what exactly the land use law is. The land use law refers to an library of centuries-old legal doctrine that covers how various land-related matters, such as water and real estate planning, are to be handled. The law seeks to regulate how privately owned land, including those managed by Fort Myers property management and elsewhere, is to be developed and conserved. So what are...