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

  • Post-COVID Miami: The Changing Landscape of Commercial and Residential Development
    by Carly Grimm on March 25, 2021 at 9:11 pm

    Earlier this month, Bilzin Sumberg’s South Florida Redevelopment Conference engaged hundreds of real estate developers, government staff and officials, architects, engineers, and construction professionals from 12 different states and three different countries in thoughtful discussions about the current real estate market and the future of land development in South Florida. This year’s innovative virtual platform...… Continue Reading

  • Exciting Developments in Uncertain Times: What’s in Store for Real Estate in South Florida
    by Bilzin Sumberg and Anthony De Yurre on February 8, 2021 at 7:50 pm

    Observers of the South Florida real estate industry don’t go very long without seeing headlines about Miami’s hot commercial real estate market. COVID-19 perhaps has only added to the growth of the market. But even in South Florida where the pandemic hasn’t blunted the market, it has indeed shifted trends and dynamics. On February 2nd,...… Continue Reading

  • Unanswered Questions on the Corporate Transparency Act
    by Martin A. Schwartz on January 29, 2021 at 4:37 pm

    The National Defense Authorization Act for 2021 enacted on January 1, 2021 contains Title LXI, the Corporate Transparency Act (“Act”). It institutes new reporting requirements for legal entities with few employees and limited purposes. The Act requires reporting to the Financial Crimes Enforcement Network of the Department of the Treasury (“FinCEN”)   by so-called “reporting companies.”...… Continue Reading

  • New Appellate Case Raises Issues For Mixed Use Developments in Florida
    by Martin A. Schwartz on January 4, 2021 at 8:01 pm

    A recent decision by Florida’s Third District Court of Appeals could have significant implications for mixed-use developments, particularly those that contain hotels and residential condominium owners. The case considered whether the declaration of condominium for the IconBrickell condominium in downtown Miami violated Florida’s Condominium Act because it eliminated what might be treated as common elements...… Continue Reading

  • Open for Business: Miami Welcomes Corporate Arrivals
    by Bilzin Sumberg and Anthony De Yurre on December 28, 2020 at 10:14 pm

    Miami is on the rise- again. A city well-known for its resiliency, Miami has been bouncing back from the economic fallout of the coronavirus pandemic with a vigor that is the envy of other major American metropolitan areas. One of the main factors driving this growth is the relocation of companies and C-Suite executives from...… Continue Reading

  • 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