Trump wants tax reform. Could it hurt South Florida real estate?

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Trump wants tax reform. Could it hurt South Florida real estate?

The tax reform proposal unveiled this week in Washington calls for capping the interest expense deduction for residential mortgages at $500,000 rather than the current $1 million. Deductions would be allowed only for primary residences. How could that affect South Florida’s real estate market, one of the region’s biggest employers?

Posted in In the News, Mark S. Meland - In the News

Condo bulk sale in Palm Beach goes for $18M

A large portion of the units in the Monteverde at Renaissance Commons condominium in Boynton Beach have sold in a bulk deal for $17.88 million. Of the 267 units in the building, at 1625 Renaissance Commons Blvd., 118 were owned by 1625 Monteverde LLC, an affiliate of New York-based Delma Properties.

Posted in In the News, Mark S. Meland - In the News

Your Contingency Fee May Be at Risk if Your Client Files for Bankruptcy

Attorneys bringing personal injury and other suits on a contingency fee basis often face bankruptcy-related issues. A defendant may be insolvent, a bankruptcy trustee may assert an insurance policy is property of a bankruptcy estate, or a bankruptcy trustee may bring a competing claim against the same defendant, as just a few examples.

Posted in In the News, Solomon B. Gene - In the News

Hurricane Irma Drags Out Some South Florida Real Estate Deals

The sale of a Miami residential property was scheduled to close Sept. 8. The sale of a home in the exclusive Ocean Reef Club in Key Largo was to close Sept. 15. And the sale of Boynton Beach condominiums was to close Sept. 22.

Posted in In the News, Mark S. Meland - In the News

Home Health Care Companies Protected by Noncompete Pacts

The referral sources for home health care companies can be protected by noncompete agreements because they qualify as a legitimate business interests under the state law on restrictive covenants in contracts, the Florida Supreme Court ruled.

Posted in Eric W. Ostroff, Eric W. Ostroff - Publications, Eric W.Ostroff - Media and Events, In the News

Federal Court To Decide Whether GE Capital Was Complicit In Ponzi Scheme

By December 8, 2000, GE Capital Corporation (GECC) had received nearly $50 million that it had loaned to Petters Capital, a company that specialized in buying bulk lots of merchandise from various retailers and then re-selling them to large, big box, distributors like Costco and Walmart.  

Posted in In the News, Michael S. Budwick - In the News, Solomon B. Gene - In the News

New Trends in the Miami Beach Luxury Market

To listen to real estate developer Todd Michael Glaser describe the Miami market, building modern luxury homes has never been more lucrative, and in demand — as long as those homes aren’t being built on the water.

Posted in In the News, Mark S. Meland - In the News

Meland Russin & Budwick’s Zachary N. James Elected to Board of Directors of Dade County Bar Association

Zachary N. James, a partner at Miami law firm Meland Russin & Budwick, has won a contested election to serve on the Board of Directors of the Dade County Bar Association. His term begins this Fall.

Posted in Annoucements, Zachary N. James - In the News

Defend Trade Secrets Act: Lessons From Year 1

How the time flies: The Defend Trade Secrets Act, the culmination of a yearslong bipartisan effort to create a federal system of trade secrets law, was signed into law by President Barack Obama one year ago Thursday.

Posted in Eric W.Ostroff - Media and Events, In the News

Guitarist turned novelist pays $11M for Todd Glaser-developed home on Allison Island

A Chicago horror novelist now has a new setting for his books. Jeremy Wagner, a death metal guitarist turned horror book writer, and his wife Kym Foglia paid $10.9 million for the newly built waterfront home at 6411 Allison Road in Miami Beach, a source told The Real Deal.

Posted in In the News, Mark S. Meland - In the News