Single-family rentals on the rise in South Florida

Nearly a quarter of all single-family homes in South Florida were occupied by tenants or available for lease last year, according to a report that underscores the changing profile of renters.

In Palm Beach, Broward and Miami-Dade counties, 22 percent of the 904,700 homes were used as rentals in 2015, according to U.S. Census data analyzed by real estate website Zillow.com. That’s up from 19.5 percent in 2014, and it’s the highest percentage since 2005, the first year the figures were calculated annually, Zillow said.

Traditionally, renters have been young, single professionals living in apartments, but more families are turning to single-family rentals because they’ve postponed homeownership or they can’t afford to buy, housing analysts and counselors say.

Read more …

http://www.sun-sentinel.com/business/realestate/fl-single-family-rentals-20160923-story.html

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FOR SALE Condominium in west of Fort Lauderdale (33319), 1/1, 684 sq.ft., listed for $55,000

FOR SALE Condominium in west of Fort Lauderdale (33319), 1/1, 684 sq.ft., listed for $55,000

Furnished Condo w/Florida room: Cozy 1st floor 1 bed 1 bath in quiet street, very well maintained, pond view in quiet neighborhood. Open kitchen with view on the living and the pond, lots of storage, wide sink. Tiles throughout the unit, Bedroom with walk-in closet and view on the pond, bathroom accessible from bedroom and hall (2 doors), beautiful Florida room where you can enjoy the view on the water shoot (new windows).

DEDICATED WEB SITE: to be updated http://rsf.kwrealty.com/listing/mlsid/225/propertyid/A10134794/syndicated/1/

VIRTUAL TOUR: https://www.dropbox.com/s/w5tpsn1iupwc9bg/3530%20NW%2052nd%20Av%2C%20%23408%2C%20Lauderdale%20Lakes%20-%20Video.MPG?dl=0

ADDRESS: 3530 NW 52ND AVE, APT 408, LAUDERDALE LAKES, FL 33319

DIRECTIONS
Oakland Park Blvd West, right after the Turnpike, left on NW 52nd Av., north on NW 52nd Av., the building is located after NW 35th St., on the right.

For more information
RSF Team + 1(954) 865 2532
Keller Williams Realty Partners SW
Clients@RSF-Team.com
We speak english, french, spanish, italian, portuguese
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Developer pays $15.9 million for land to build Pines City Center

Pines City Center in Pembroke Pines is expected to break ground later this year after the developer announced that it bought a 17-acre tract for $15.9 million.

The Terra real estate firm said the land will be part of the first phase of the 47-acre project at the southwest corner of Pines Boulevard and Palm Avenue. Publix Supermarkets will anchor the 200,000-square-foot first phase, which should open in 2017, Terra said.

The second phase will include 100,000 square feet of commercial space, 385 apartments and a movie theater.

“We’re seeing a surge in demand for new retail and lifestyle offerings in the area,” said David Martin, president and co-founder of Coconut Grove-based Terra, in a statement.

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http://www.sun-sentinel.com/business/realestate/fl-pines-city-center-for-real-estate-col-20160921-story.html

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Developer refinances industrial properties

McCraney Property Co. of West Palm Beach said it secured a $65 million loan from BankUnited to refinance industrial properties across Florida.

Among the properties that will be refinanced are Vista Business Center and Belvedere Business Park, both in West Palm Beach.

BankUnited also provided partial financing for McCraney’s acquisition of 78 acres in Plant City, near Tampa. The company is building a business park there.

McCraney says it has developed about 5 million square feet of industrial space. It’s considered “speculative” development because it’s built without signed leases from tenants.

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http://www.sun-sentinel.com/business/realestate/sfl-developer-refinances-industrial-properties-20160908-story.html

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South Florida housing still healthy, but challenges remain, reports say

Low unemployment and an increase in home loan applications are keeping South Florida’s housing market stable, according to a report Wednesday from mortgage company Freddie Mac.

Still, two other forecasts are more pessimistic about housing after four years of steady growth.

Palm Beach, Broward and Miami-Dade counties scored 91.9 on Freddie Mac’s Multi-Indicator Market Index for June. That’s unchanged from May but an increase of 10 percent from a year earlier.

The index analyzes mortgage applications, delinquencies, employment and affordability in the 100 largest metro areas nationwide. A composite score of 80 or above is considered stable. The ideal score is 100.

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http://www.sun-sentinel.com/business/realestate/fl-freddie-mac-housing-stability-20160831-story.html

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Moneycorp Exchange Rates

For more info, contact Jean +1 954 770 5348 (English & French)

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Dunkin’ Donuts opens inside BJ’s

Dunkin’ Donuts has opened inside the BJ’s Wholesale Club in Pembroke Pines — and the two retailers will be teaming up at other locations in South Florida.

The new chain location, at 13700 Pines Blvd., is owned and operated by franchisee Mike Fallah. It will be open from 8 a.m. to 8 p.m. daily, and guests don’t need BJ’s memberships. The menu includes hot and iced coffees, lattes, cappuccinos, teas, sandwiches and baked goods.

A Dunkin’ Donuts spokeswoman said the chain will open other restaurants inside BJ’s in the coming months. Details have not yet been released.

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http://www.sun-sentinel.com/business/realestate/sfl-dunkin-donuts-opens-inside-bj-s-20160826-story.html

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