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

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

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

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

He Wanted a Postcard View of Downtown Miami — and Paid $10 million for it

The buyer was looking for a postcard view of downtown Miami. He got just what he wanted — for a cool $10 million.

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

What will Trump’s presidency mean for Miami’s real estate?

The king of real estate is set to rule the country, but what will a Donald Trump presidency mean for local real estate, one of South Florida’s biggest industries?

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

Spec home developers shy away from the water in Miami Beach

On Pine Tree Drive, a waterfront spec home with its own massive concrete waterslide hit the market in January at $34 million.

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

Attorney Guides Record Miami Beach Spec Mansion Sale

The partner at Meland Russin & Budwick in Miami Beach represented sellers Todd Michael Glaser and the Posner Group in the record-setting sale of a showpiece mansion, scooped up for $19.48 million after 10 days on the market at the height of the holiday season.

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

Secret buyers pay $19.5 million for Miami Beach mansion

A Miami Beach mansion made a splash when it sold for $19.48 million — but the new owners don’t want their identities to leak out.

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