Florida Gov. Ron DeSantis is pushing to eliminate property taxes on homeowners in the state, but a new analysis suggests the move would come at a heavy price for renters and first-time homebuyers. DeSantis has argued that taxes on homeowners are oppressive and fuel wasteful spending by bloated local governments. “Property taxes effectively require homeowners … Read more
Billionaire Jeffrey Soffer’s plan for a water park at his Fontainebleau Miami Beach resort is caught in a tidal wave of opposition. At a Tuesday meeting of the Miami Beach Historic Preservation Board, neighboring residents, city activists and board members slammed the proposal to redevelop the 1,504-room oceanfront hotel’s outdoor pool area into a family-oriented … Read more
Billionaire hedge fund manager Bill Ackman has criticized the Trump administration’s plan to sell shares of mortgage giants Fannie Mae and Freddie Mac to the public, laying out an alternative path that would reward existing common shareholders. Ackman, whose Pershing Square hedge fund holds a substantial stake in Fannie and Freddie’s common stock, unveiled an … Read more
The Cornerstone Group and Brookstone Partners propose a 354-unit multifamily tower in Miami’s Little Havana neighborhood, amid an apartment building frenzy in South Florida. Cornerstone and Brookstone, both based in Hollywood, want to develop an eight-story building with a 5,000-square-foot grocery store on a 2.4-acre site on the northwest corner of Northwest Eighth Avenue and … Read more
President Donald Trump has shrugged off criticism from fellow conservatives over his proposed 50-year mortgage, saying “all it means is you pay less per month.” After Trump floated the idea over the weekend as a solution to the affordability crisis, it drew furious backlash even from his supporters, who pointed out that the small reduction … Read more
Gatsby Florida is anticipating an influx of New York office tenants for its planned mixed-use project in Palm Beach Gardens in the wake of Zohran Mamdani’s mayoral victory. Miami-based Gatsby, led by co-founder Babak Ebrahimzadeh, finalized construction plans for The Modern at Palm Beach Gardens, a 220,000-square-foot building and an adjacent six-level parking garage with … Read more
13th Floor and Key International are launching a Nobu-branded condo tower in Miami’s Brickell, the brand’s first residential project in the city. The announcement follows a controversial fight over the development site, which is on the longtime grounds of the historic First Miami Presbyterian Church at 609 Brickell Avenue. Brickell residents opposing the development lost … Read more
Another major brand is joining the growing pipeline of luxury condo developments in North Bay Village. Coconut Grove-based Related Group and New York-based Macklowe Properties are in talks with Ritz-Carlton to brand their planned waterfront project on Harbor Island, sources told The Real Deal. The developers secured approval for the two-tower development at two village … Read more
Country music star Zach Bryan‘s ex-girlfriend, Brianna “Chickenfry” LaPaglia, is attempting to flee the bitter New York weather—and her bitter breakup—by moving to Australia, where she plans to ride out the winter months on a beach. LaPaglia, 26, shared the news on her TikTok account, where she revealed that she will relocate to Australia when … Read more