Florida’s condominium market is experiencing a significant structural shift as associations navigate mandatory post-Surfside safety laws, including milestone inspections and fully funded reserves. The regulations, enacted following the 2021 collapse of Champlain Towers South, mandate 30-year structural inspections (25 years for coastal properties) and require associations to establish full reserve funding for structural maintenance. Data indicates that nearly 750 buildings statewide are likely past due for compliance, creating financial strain and operational challenges for associations across the state.
The legislative …
by Riccardo Ravasini 
Fort Lauderdale is rapidly evolving into South Florida’s newest luxury real estate destination, positioning itself as a less hectic alternative to Miami and Palm Beach. Capital from national developers is driving this shift, with New York firms accounting for 4.6 million square feet of downtown construction—representing 45 percent of active projects compared to just 13 percent completed between 2021 and 2024. Major luxury brands including St. Regis, Ritz-Carlton, and Viceroy are introducing branded residential towers to the city. Notable projects …
by Riccardo Ravasini 
The Pittsburgh-based university Carnegie Mellon will open a tech-focused branch in Miami’s Wynwood neighborhood following a $3 billion gift from hedge fund manager Ken Griffin, which includes a $1.1 billion land acquisition of the 35-acre Mana Wynwood venue. Slated to begin construction next year and welcome its first cohort of students in 2028, the campus will eventually house over 4,400 students, faculty, and staff. Local developers and planners anticipate the expansion will catalyze further commercial development, boosting property values and …
by Riccardo Ravasini 
Starting October 19, the NYC Ferry service will adjust its pricing: standard single-ride tickets move to $5 (up from $4.50), 10-trip passes to $30 (up from $29), and reduced-fare tickets to $1.50 (up from $1.45). The 2-day unlimited pass stays locked at $15 and becomes a permanent offering. This fare adjustment aims to absorb inflation-driven operational costs while shielding daily commuters, coming at a time when system ridership has hit all-time highs and public subsidies per ride have fallen significantly …
by Riccardo Ravasini 
Following a period of severe operational and financial uncertainty, New York City’s iconic Chrysler Building has entered a new phase under Tishman Speyer. The commercial real estate firm, alongside PSP Investments and institutional partners, has finalized a 150-year ground lease with landowner The Cooper Union. Funded entirely with equity, Tishman Speyer will invest $235 million to execute an all-encompassing interior and exterior restoration of the 1.3 million-square-foot Art Deco landmark, which had previously suffered from deferred maintenance, declining tenant occupancy, …
by Riccardo Ravasini 
Manhattan’s office market reached a major milestone as hedge fund Castle Hook Partners signed a lease for a 53,000-square-foot penthouse at Related Companies’ planned commercial tower at 625 Madison Avenue. Expected to pay up to $21.2 million annually, the transaction equates to a rate between $350 and $400 per square foot ($3,767 to $4,305 per square meter). This landmark deal shatters the previous market record of $327.50 per square foot set earlier this year at Stefan Soloviev’s 9 West 57th …
by Riccardo Ravasini