This Real Estate Attorney Will
Likely Be Miami's Next Mayor
Because he did not draw any high-powered opponents by the September deadline, Francis Suarez, a real estate attorney and current city commissioner who lives in Coral Gate, will almost certainly be the next mayor of Miami following the upcoming Nov. 7 election.
Still, he will be campaigning until Election Day.
“You can never take anything for granted, and this is a really wacky town," Suarez, 40, told Bisnow in a telephone interview.
Suarez was raised in Miami and is the son of former Miami mayor…
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Hialeah Is 'A Great City In Which To Be A Landlord'
Two single-story apartment complexes in Hialeah, with a combined total of 15 units, have sold for more than $1.2M — $81K per unit, or $230 per SF.
Both buildings are fully leased. One apartment building is located at 83 West…
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Investor Scoops Up Miami Trailer Park
As developable tracts of lands become more scarce in Miami, investor Steve Schneider has purchased the Palm Lakes Trailer Park, which includes 120 home pads on approximately seven acres, for $6.25M.
The trailer park, at 7600 NW 27th Ave., lies…
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Building Boom Under Kim Jong Un: 5 New North Korean Developments
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Contentious Air Rights Battles Are Leaving Commercial Projects Up In The Air
Two visions for a greener future, one head-to-head battle and an outstanding set of rights so convoluted that trying to figure them out can leave you feeling winded.
This is the ongoing story in Toronto, where Craft Development Corp. has been engaged in a conflict with the city for more than a year regarding the ownership of the air above a proposed mixed-use development situated in the same place the city wants to build a park.
This is not the first nor the last case in which air rights have caused substantial grief during the development process. From Chicago in the 1950s to present-day Washington, D.C., the legal tiffs between local governments and private developers regarding air rights have been wide-ranging and plentiful.
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