real estate

In ordinary times, New York-based Vornado Realty Trust would be a natural candidate to take on a major construction project such as the long-awaited rebuilding of FBI headquarters.

As with so much about the Trump era, however, the ordinary rules don't apply.

A commercial real estate firm, Vornado is widely reported to be a finalist to build a new campus for the FBI somewhere in the suburbs of Washington, D.C. But its financial ties to President Trump are raising concerns about conflicts of interest.

AP Photo/Kathy Willens

Henry Flagler’s railroad and Napoleon Broward’s pledge to drain the Everglades forged the beginnings of today’s modern South Florida. No two forces have been as influential on the economy as immigration and real estate. The two are intertwined with Flagler and Gov. Broward. Immigrants provided the labor, while the railroad and draining of the Everglades opened up real estate.

We asked for listener questions about the economy and several of them were focused on these two issues.

WHAT'S YOUR QUESTION? SUBMIT IT HERE.

Rilea Group

 

Development and sea level rise are two things Miami is known for. And they go hand-in-hand, as developers and local officials plan how to make buildings resilient against water that could rise three to six feet by 2100.

 

Carl Juste / Miami Herald

A big property tax break for homeowners is likely headed to the Florida ballot after Republicans and Democrats in the Senate joined forces Monday in support of a broader homestead exemption.

The most far-reaching change to Florida tax policy in years now heads back to the House where it is all but assured a favorable vote as the linchpin of Speaker Richard Corcoran’s agenda.

Six Senate Democrats joined 22 Republicans in approving the measure. If passed by voters, it would expand the state homestead property tax exemption to $75,000.

Joe Raedle / Getty Images via Miami Herald

The U.S. Supreme Court ruled Monday that the city of Miami can sue some of the nation’s largest financial institutions over allegations that predatory lending practices in minority communities violated the Fair Housing Act and contributed to a real estate meltdown that nearly bankrupted the city.

Tom Hudson

The South Florida economy is more than a $300 billion  engine with close to 3 million workers and 6 million people. Tourism, real estate, trade and agriculture are key industries driving the ups and downs.

 

Housing costs are high and pay is relatively low.

 

These were common themes to questions submitted to WLRN's new public-powered journalism project Palm Readers. We tried to answer some of these questions.

 

USGS, via Wikimedia Commons

A proposal to build a water storage reservoir south of Lake Okeechobee could create more than 39,000 jobs, according to a study released Tuesday by the Everglades Foundation.

PATRICK FARRELL pfarrell@miamiherald.com / Miami Herald

Miami is one of the worst places for first-time home buyers according to the Demographia International Housing Affordability Survey. That will be obvious if you find yourself currently shopping for a nice and affordable home in the current market.

Nadege Green / WLRN

A group of 12 young black professionals in Miami-Dade formed the Miami Millennial Investment Firm just over a year ago.

Its mission: Get black people to invest in Miami-Dade’s black communities.

3 Florida Metro Areas Had Double-Digit Rises In Home Prices

Feb 6, 2017

Three Florida metro areas had among the greatest increases in home prices nationwide last year.


Tom Hudson

South Florida home prices continued climbing in 2016 even as the pace of sales slowed, especially for condominiums.

Halloween is upon us and with the coming of this day, comes another reminder that buyers should beware.

What does state law have to do with the house you buy in Florida? A lot, and in ways you might not have imagined. If you're not buying a newly-constructed house, there's a history to be considered. Cooley Law School Assistant Professor Remalia DuBose says laws vary from state to state about what sellers must disclose to potential buyers---like, if the house is haunted.


Mana Wynwood

Negotiations for a long-planned development in Miami continued Wednesday, as representatives of the Mana Wynwood team met with members of the Wynwood Business Improvement District. The development would occupy as much as 24 acres and include art galleries, a new fire station, residences and a public open space called the Wynwood Commons.

Miami Herald

  This week on The Florida Roundup...

We bring you the latest information on the developing weather in the Caribbean with Meteorologist Jeff Huffman.

Next, a week after Miami Beach is declared a Zika zone, the virus has infected local politics as new cases are found along the Gulf Coast of Florida. Who exactly is in-charge of getting timely information out to the public? Is it the Governor? Is it the Department of Health? WLRN's Sammy Mack and Jenny Staletovich with the Miami Herald join for this segment. 

Listen here: 

Ashlyn Grantham/flickr

Florida Attorney General Pam Bondi is under growing pressure thanks to a three year old, $25 thousand contribution to her political action committee from a nonprofit associated with Donald Trump. The money came as her office was considering whether to join an investigation of fraud allegations at Trump University.

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