INDUSTRY NEWS

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Coconut Grove Struggles To House Wave Of New Yorkers

Much of the demand for homes in Coconut Grove comes from New Yorkers moving to South Florida. But the real estate market in the area is struggling to keep up as the inventory of homes on the market has steadily declined and the price of condominiums, townhouses and single-family homes has skyrocketed, CLICK ON THE HEADLINE FOR MORE

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Miami Top Relocation Market In Nation, 4 Months Straight

Florida has become a particularly popular destination this year as remote workers and retirees flock to the state in search of beaches, warm weather, low taxes and more affordable housing than big cities. Net inflow into Miami has nearly tripled since this time last year. CLICK ON THE HEADLINE FOR MORE

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There’s A New Wave Of Capital Flight From Latin America — And Miami Is Reaping A Windfall

The latest influx of Latin American money to Miami is mostly because of political and economic instability. According to Miami real estate and banking executives, Mexico, Peru, Colombia and Chile are now the leading sources of foreign money coming into the city.

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Major Food Group To Open Sadelle’s In Coconut Grove

The New York restaurant group, which has expanded rapidly in the Miami area, inked a 10-year lease for the 5,700-square-foot building with the new owner of the former Tigertail + Mary restaurant building at the Park Grove development. CLICK ON THE HEADLINE FOR MORE

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Board Tells Developer He Can’t Chop Down Trees To Build House In Coconut Grove

In a surprising decision, Miami’s Historic and Environmental Preservation Board overruled the city’s building department by rejecting a tree removal permit issued to a developer. It was a victory for residents who live along a lush South Grove street described as a “tunnel of green” and could serve as an example for people in other neighborhoods engaged in disputes to curtail development, CLICK ON THE HEADLINE FOR MORE

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