6 Died In The FIU Bridge Collapse. Here's What Happened To The Property Next Door.
Florida International University is the fourth-largest university in the U.S. with more than 55,000 students. But it only has the capacity to house about 8% of them on its Miami campus.
That's why a large student housing building at the foot of a newly constructed pedestrian bridge to campus seemed like a can't-lose proposition.
Seven months ago, the bridge collapsed, killing six people and making international headlines. Nothing seemed can't-miss after that.
Two years earlier, Global City Development principal Brian Pearl and his partner, Diego Procel, scouted the area for months before buying out…
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Developer Tied To Kushner, Trump Sued For Alleged $99.5M EB-5 Fraud
A South Florida-based developer with ties to Jared Kushner and President Donald Trump is being sued by a group of about 80 Chinese investors who claim he duped them out of $99.5M.
Nicholas Mastroianni persuaded investors to use the EB-5 program to help him build a sprawling waterfront mixed-use complex in Jupiter, Florida, called Harbourside Place, which now houses a Wyndham Grand hotel, a marina and Tiger Woods' flagship restaurant. A civil…
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Miami's Downtown Dadeland Sells For $78M
Whatever Miami shoppers need, they can probably find in the “Dadeland Golden Triangle," a special zoning district where three major roadways — U.S. Highway 1, Kendall Drive and the Palmetto Expressway — converge.
On one side is the Dadeland Mall,…
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Mattress Firm Claims Its Real Estate Led To Its Bankruptcy. Why Didn't It Mention Its Real Estate Fraud Lawsuit?
Mattress Firm claims the real estate it added after buying several competing mattress chains was to blame for its descent into bankruptcy.
In its Chapter 11 bankruptcy filing, the company's executives wrote that it has too many stores in redundant locations and would run out of cash by the end of the month if it did not receive bankruptcy protection and close up to 700 stores.
Considering the cause of Mattress Firm's financial woes — it cannot afford to pay the rent on the thousands of stores it now operates — it is notable that there is no mention of an ongoing legal battle the company has been waging in Houston federal court.
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Which Properties Investors Expect To Benefit Most From Opportunity Zone Investments
Investment firms have begun to set up funds to deploy money into opportunity zones, a host of areas designated by local governments that offer tax breaks under a new federal program, but not all properties within a qualified zone will experience the same benefit.
Opportunity zone investors have a number of factors to consider before putting money into a property, such as the likelihood of getting a solid return on investment, the ability to quickly navigate the project approval process and the other programs that can be utilized alongside the opportunity zone benefit.
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