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Bright Outlook for Southeast Multifamily

April 10, 2024
Jeffrey R. Margolis | Real Estate, Multifamily, South Florida, South Florida Real Estate

Despite economic and market uncertainty, high interest rates, inflation, and an increasingly dynamic market, owners, investors, and developers all agree that the outlook for Southeast multifamily investment and development is bright. There is agreement that the fundaments of multifamily are strong. The Southeast Multifamily Forum examined the opportunities and challenges in the Southeast apartment industry and provided the latest market data, analytics, and analysis of the Southeast multifamily market. Data presented at the Southeast Multifamily Forum on the Southeast multifamily real estate market, opportunities, challenges, and trends is highlighted below.

Client Alert: Florida Law Restricting Foreign Real Estate Investments

June 1, 2023
Edward Baker | Real Estate

LIBOR Being Replaced with Secured Overnight Financing Rate

January 6, 2023
Jeffrey R. Margolis | LIBOR, Mortgages , Interest Rates, Real Estate

LIBOR, formerly known as the London Interbank Offered Rate, was the key benchmark for setting interest rates charged on adjustable-rate loans, mortgages, and corporate debt for more than 40 years. However, LIBOR is being replaced by the Secured Overnight Financing Rate (SOFR) which is considered a more accurate and more secure pricing benchmark.

2021 American Land Title Association Forms

September 28, 2022
Jeffrey R. Margolis | 2021 American Land Title Association Forms, Real Estate

The Florida Office of Insurance Regulation (OIR) has approved the 2021 American Land Title Association (ALTA) forms for use in Florida. OIR has approved use of the new ALTA 2021 Policy forms starting October 3, 2022. The new forms include a new Commitment, Loan and Owner’s Policies, Short Form Residential Loan Policies, as well as the following Endorsements.

Bright Outlook for Southeast Multifamily Investment and Development

April 5, 2022
Jeffrey R. Margolis | Real Estate, Multifamily, Real Estate Develpment

Despite inflation, rising interest rates, increased construction costs, and supply chain issues, investors, developers, and lenders all agree that the outlook for Southeast multifamily investment and development is bright. The Southeast Multifamily Forum provided the latest market data, analytics, and analysis of the Southeast multifamily market. Data presented at the Southeast Multifamily Forum on the Southeast multifamily real estate market, opportunities, challenges, and trends is highlighted below.

Condominium Legislative Update - SB1966

June 22, 2021
Jeffrey R. Margolis | Real Estate, Residential Real Estate

In addition to SB 56 and SB 630 which were signed into law by Governor Ron DeSantis on June 16, 2021 as addressed in my blog post from June 17, 2021, Governor DeSantis signed Senate Bill 1966 into law on June 21, 2021. The legislation, which is effective July 1, 2021, makes additional changes to provisions in the Florida Condominium Act regarding condominium association board eligibility and condominium association budgets. Below are highlights of Senate Bill 1966 and the changes to the laws governing condominiums.

Client Alert: Condominium Association and Homeowners Association Legislative Update

June 17, 2021
Jeffrey R. Margolis | Real Estate, Condominiums Association, Homeowners Association

Governor Ron DeSantis signed Senate Bill 56 and Senate Bill 630, into law on June 16, 2021. The legislation, which is effective July 1, 2021, affects the operation of homeowners associations and condominium associations, including collection practices, notices of meetings, transfer fees, electronic vehicle charging stations, dispute resolution, emergency powers, official records, reserves, and leasing. Below are highlights of SB 56 and SB 630 and the legislation changes to the laws governing homeowners associations and condominium associations.

Federal Court Rules that CDC Eviction Moratorium is Unconstitutional

March 1, 2021
Jeffrey R. Margolis | Real Estate , Eviction Moratorium, COVID-19

The Center for Disease Control and Prevention’s Order declaring a national moratorium on residential evictions effective January 31, 2021 through March 31, 2021, was declared unconstitutional by a U.S. District Court in Texas.

New ALTA Survey Standards to Take Effect February 23, 2021

February 2, 2021
Jeffrey R. Margolis | Real Estate , American Land Title Association

Effective February 23, 2021, the Minimum Standard Detail Requirements of the American Land Title Association (ALTA) and the National Society of Professional Surveyors (NSPS) for Land Title Surveys are changing. ALTA/NSPS recently adopted revised Minimum Standard Detail Requirements for ALTA/NSPS Land Title Surveys, which, when effective, will supersede the existing standards introduced in 2016.

Federal Moratorium on Evictions Extended

January 6, 2021
Jeffrey R. Margolis | Real Estate, Residential Evictions

The Centers for Disease Control and Prevention (CDC) halted residential evictions in September to stop the spread of COVID-19. The order was set to expire at the end of 2020. President Trump recently signed into law a COVID-19 aid package that extends the federal moratorium on evictions until January 31, 2021