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6/24/2021 Local Mother Loses Life Savings in Real Estate Scam—NBC News Miami

A South Florida single mother spent her life savings to put down a deposit for a condo. But the money ended up in the wrong hands.
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6/24/2021 Client Alert: Governor DeSantis Signs SB 630 Into Law, Containing Significant Amendments to Florida’s Condominium Act, Cooperative Act, and Homeowners Association Act—Lexology.com

On June 16, 2021, Governor Ron DeSantis signed Senate Bill (SB) 630 into law, which enacts numerous amendments to the Condominium Act (Chapter 718, Florida Statutes), the Cooperative Act (Chapter 719, Florida Statutes), and the Homeowners Association Act (Chapter 720, Florida Statutes).
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6/24/2021 Miami Real Estate Posts Best May Sales Month in History; Existing Condo Sales Jump 286.5% as Buyers Act on Healthy Inventory—Yahoo! Finance

Miami-Dade County real estate posted its best May sales month in history as pent-up demand, more U.S. individuals and companies moving to South Florida, and record-low mortgage rates fueled a triple-digit sales increase, according to the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.
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6/24/2021 1 dead, 10 people treated at scene after condo tower partially collapses overnight in Surfside near Miami. Rescue efforts continue—Palm Beach Post

A partial building collapse early Thursday in the Town of Surfside caused a massive response from Miami Dade Fire Rescue.
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6/21/2021 Condo questions: What are requirements for preparing financial reports?—TC Palm

Q: What are the requirements for preparing financial reports for a condominium association?
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6/21/2021 Ken Griffin sells remaining Faena House condo for $11.2M—The Real Deal South Florida

Billionaire hedge fund manager Ken Griffin has left Faena House.
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6/18/2021 Take A Look Inside Novak Djokovic’s Miami Beach Condo That Just Sold For $6 Million—Forbes

It’s been a good month financially for tennis’s reigning men’s world #1, Novak Djokovic.
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6/18/2021 Investment firm makes $130M offer for 60-year-old Edgewater condo complex—The Real Deal South Florida

Edgewater, a bayfront Miami neighborhood north of downtown, continues to attract big spenders.
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6/18/2021 Jean Francois Roy plans bulk condo buyout to build multifamily project near downtown Fort Lauderdale—The Real Deal South Florida

Jean Francois Roy plans to develop an eight-story multifamily building in downtown Fort Lauderdale after buying out condo owners on the site through a bulk purchase.
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6/16/2021 Related Group’s condo kings expand their realm—The Real Deal

Getting burned twice in Las Vegas didn’t kill Related Group’s dream of national expansion. But it taught the megadeveloper the importance of boots on the ground.
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6/16/2021 After years of legal battles, Grove Isle may get its first new project in decades—Miami Herald

Grove Isle residents and the island’s owner have settled a legal dispute, paving the way for the community’s first new project in 40 years.
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6/14/2021 This Miami Beach Home Is the Most Expensive Ever To Be Bought With Cryptocurrency—Architectural Digest

Over the past month, cryptocurrencies such as Bitcoin, Ethereum, and Litecoin have significantly dropped in value.
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6/14/2021 Baccarat Residences Brickell To Debut In Miami In 2024—Forbes

Famed French crystal company Baccarat is opening its second-ever residential tower, this time in Miami’s Brickell neighborhood.
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6/10/2021 Berkadia Arranges Sale and Financing of 153 Fractured Condominium Units at Breezes at Palm-Aire in Pompano Beach, Florida—Multifamily Biz

Berkadia announces it has arranged the sale and financing of 153 condominium units at Breezes at Palm-Aire, a 288-unit, garden-style residential community located in Pompano Beach, Fla.
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6/10/2021 PMG Developing Condo Project With Miami 'Ultraclub'—Bisnow

The $40M venue E11even Miami has been described as a strip club, "technically not a strip club," a club where dancers just happen not to have tops on and "an R-rated version of the alien bar in the opening sequence of Star Wars, but add in a great sound system with strippers."
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6/10/2021 Buyers Take Cryptocurrency, Not Cash, to Miami Condos—Commercial Observer

Cryptocurrency is gaining speed in Miami’s condo market, with one major deal signed and one pre-construction project that will accept digital coins instead of dollars.
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6/10/2021 Miami Beach ‘Sky Mansion’ Sells for $30 Million Two Months After Hitting the Market—Mansion Global

A large apartment in a luxurious Miami Beach condo building has sold for $30 million roughly two months after coming on the market.
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6/7/2021 North Miami condo owners upset amenities left in disrepair; Miami-Dade declares ’emergency’ case—WSVN 7 News

A big benefit of condo ownership is all the amenities, but imagine forking over hundreds of dollars in association fees for features you can’t even use.
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6/7/2021 Boca Raton Condo Association Sued For Breach Of Contract—Boca News Now

The condominium association in a major Boca-area development is being sued for breach of contract by the owner of a unit.
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6/7/2021 Luxury Buying Spree Persists in New York City and South Florida—Mansion Global

Manhattan’s high-end real estate market has truly emerged from its coronavirus-induced slump, according to the latest data from Douglas Elliman, released Thursday.
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