After Ian: South Florida’s construction costs, insurance to rise
Amid South Florida’s development boom, shell construction contractor L & R Structural has had plenty of work. The firm is slated to start an Edgewater condominium tower and a pair of apartment buildings in downtown Miami early next year. But L & R’s Richard Marquez’s mind isn’t at ease. The compan
Hotel in Lauderdale-by-the-Sea approved to replace aging inn
Lauderdale-by-the-Sea approved a site plan for Sea Glass Beach Place, a three-story, 31-room hotel that would replace a one-story inn built 70 years ago near the beach. The town’s commission voted last week in favor of the plan to build the 21,990-square-foot Sea Glass Beach Place after demolition o
Mortgage rates reverse home flippers’ fortunes
Rising mortgage rates have a new victim: house flippers. Flippers, who were readily turning profits just months ago, have now been caught by the housing market’s pivot as homebuyers reel from mortgage rates approaching 7 percent, according to Bloomberg. “It’s a high-risk, high-reward business — and
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