The very first project Jon Cardello’s architecture firm designed in South Florida was a tiny toll booth at a University of Miami parking garage.
Today, Cardello and his wife, Rachel, also an architect, run a team of 117 people designing some of Miami’s tallest new towers, as well as projects in Orlando, Dallas and the Bahamas. ADD merged its business with Canadian-based mega-firm Stantec last year, giving the Miami office global reach.
New foreclosure cases fell sharply across South Florida in November, though the number of homes repossessed by banks increased as courts clear dockets of bad mortgages originated during the housing bust.
Palm Beach, Broward and Miami-Dade counties totaled 831 foreclosure filings last month, a 53 percent drop from November 2014, according to the RealtyTrac listing firm. It was the fewest number of starts for the tri-county region since RealtyTrac began counting in January 2006.
Au début de novembre, une délégation d’une dizaine de chefs d’entreprise est venue du Québec explorer les opportunités d’affaires dans le sud de la Floride. Ce groupe était piloté par la Chambre de Commerce Québec-Floride. Une mission composée d’investisseurs immobiliers de Toronto a fait la même chose la semaine dernière. Si nos entreprises croient que la Floride constitue une région fertile pour développer leurs affaires, les Snowbirds pourraient certainement en faire de même.
If you live in an old building on South Florida’s prime waterfront, don’t get too comfortable: Developers want your sand.
In the latest mega-deal to happen on the beach, a New York-based developer said he has struck a $55 million deal to buy a Surf House, a modest condo building in Surfside that dates to the 1960s. His plan? Tear it down and build a luxury 12-story condo tower.
South Florida continues to see higher home-price increases than most of the rest of the country, according to a leading indicator released Tuesday.
Prices in Palm Beach, Broward and Miami-Dade counties rose 7.4 percent in August compared with August 2014, figures from the Standard & Poor’s/Case-Shiller index show. It was the region’s 18th consecutive increase.
The index tracks prices in 20 major metro areas nationwide. Denver and San Francisco each had 10.7 percent annual increases in August.
Young professionals are better off buying a home than renting one, but it’s not nearly the deal it was three years ago.
Buying is 44 percent cheaper than renting in Broward County, according to Trulia.com, a real estate website. That’s tied with Syracuse, N.Y., for the nation’s third-highest difference, after Houston (46 percent) and Baton Rouge, La. (45).
In 2012, with home prices rebounding from the bottom, buying beat renting in Broward by 56 percent.