El-Ad Pays $45.5M for Coconut Grove Property

El-Ad National Properties acquired the property located at 3265 Virginia St., Miami, Fla., for $45.5 million. The seller was an affiliate of the Canero Group. Omar Morales of Berkadia represented the seller in the transaction. Located in Coconut Grove, the property currently consists of a two-story

Florida’s insurance overhaul is beginning to reshape the market

Litigation drops, insurers cut rates and more companies enter Florida, easing insurance costs and improving affordability and market stability.

More young buyers rely on down payment help

A growing share of younger buyers is relying on family help, gifts and assistance programs to buy homes, highlighting how affordability pressures are reshaping the path to homeownership.

Florida home sales rise again in April

Florida’s housing market posted its eighth straight month of year-over-year closed sales gains, with condo and townhouse activity showing particular strength.