Real Estate – New Miami Blog Insights and Commentary on the Gateway City's Expanding Global Significance

  • Legal Magic: Turning Real Property Foreclosures Into Uniform Commercial Code Sales
    by Martin A. Schwartz on August 12, 2020 at 2:31 pm

    Remedies for defaults under loans secured by real property varies on a state-by­-state basis. In the eastern part of the country, enforcement is mostly by mortgage foreclosure. In the western states, there are enforcement proceedings by way of a deed of trust. There is a spectrum of debtor protections afforded to borrowers depending on the...… Continue Reading

  • City of Coral Gables Updates its Zoning Code
    by Jennifer E. Fine and Anthony De Yurre on July 29, 2020 at 4:28 pm

    For the past century, the City of Coral Gables has been known for the high quality of the original plan implemented by George Merrick in the 1920s and its thoughtful application of high standards for zoning and architectural design. Over the years, the Zoning Code has served as the main document that has preserved the...… Continue Reading

  • Coral Gables Adopts Emergency Order Expanding Temporary Use Permits Due to COVID-19
    by Jennifer E. Fine, Brian S. Adler, Javier F. Aviñó and Anthony De Yurre on July 16, 2020 at 4:53 pm

    In recognition of the impacts of COVID-19 on the local economy, the Coral Gables City Commission recently tasked staff with finding additional creative ways to support businesses and encourage individuals to participate in the local economy. On Tuesday, July 14, 2020, the City Commission adopted an emergency ordinance adding a section to the City’s Zoning...… Continue Reading

  • Data Security for Owners – Protecting Your Construction Investment From Catastrophic Loss
    by Kelly Melchiondo on June 2, 2020 at 6:02 pm

    Even before the COVID-19 global pandemic, the construction industry has been “going global” using available technology and Cloud-based data storage and file sharing on all phases of projects. For example, an owner might hire a London-based architect to design a transportation hub in the United States. The London architect might delegate its Building Information Modeling...… Continue Reading

  • WARNING: An Ownership Pledge In a Mortgage Transaction May Be Dangerous
    by Martin A. Schwartz on April 28, 2020 at 9:28 pm

    Over the last few years, certain nontraditional lenders and a few banks have asked for a pledge of the ownership interest in borrowers as additional security to their mortgage on the property. The typical reason provided is that this allows the lender to avoid a long and costly foreclosure if the borrower fails to make...… Continue Reading

  • Decrease in Florida Sales Tax on Commercial Rent
    by Eric Reissi and Adam Lustig on January 21, 2020 at 10:19 pm

    Effective as of January 1, 2020, the Florida state sales tax rate applicable to the lease of commercial real property has decreased from 5.7% to 5.5%.  Therefore, the state will levy a 5.5% sales tax on all rent collected from commercial properties in Florida. This new state sales tax rate, however, does not impact county...… Continue Reading

  • Florida Zoning Appeals Law: Miami Beach “Ban” on Single Family Short-Term Rentals Ruled Illegal
    by Anthony De Yurre and Jennifer E. Fine on December 6, 2019 at 9:03 pm

    In recent years, online platforms like Airbnb and HomeAway have made it easier for property owners to enter into the short-term rental market, which allows property owners to generate supplemental income and defray the cost of maintaining their real estate. The emergence of this “industry,” however, has faced resistance from neighboring property owners and local...… Continue Reading

  • Coral Gables Zoning Law: Mixed Use Development Overview
    by Anthony De Yurre and Jennifer E. Fine on October 24, 2019 at 8:20 pm

    The clear evolution of infill real estate redevelopment in South Florida and Greater Miami is towards a true mixed-use environment that makes areas desirable places to work, live, and play.  Coral Gables, with its vibrant commercial areas, is an example of a municipality within Greater Miami-Dade County that is leading this charge through a specific...… Continue Reading

  • 2019 South Florida Opportunity Zone Report
    by Bilzin Sumberg on July 26, 2019 at 5:25 pm

    Bilzin Sumberg is pleased to share the results of the 2019 South Florida Opportunity Zone Survey and subsequent Forum that we co-hosted with Urban Land Institute Southeast Florida/Caribbean (ULI SE FL/Caribbean)  on June 5, 2019. The Report captures the perspectives of developers, investors, and other professionals who specialize in real estate and finance in Florida, to delve...… Continue Reading

  • Miami-Dade County Zoning Law: Mandatory Minimum Electric Vehicle Parking Ordinance Passed
    by Anthony De Yurre and Jennifer E. Fine on June 28, 2019 at 7:12 pm

    The Miami-Dade County Board of County Commissioners recently adopted an ordinance establishing off-street parking requirements for electric vehicles (EVs) which mandates minimum EV parking spaces in all new uses with limited exceptions provided below. The ordinance defines the terms pertaining to EV infrastructure, such as EV Supply Equipment (EVSE), EVSE Space, and EVSE-Ready Space and...… Continue Reading