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Clockwise from the top-left corner: James Tate, Demetri Demascus, Shahab Karmely and W. Allen Morris.

Clockwise from the top-left corner: James Tate, Demetri Demascus, Shahab Karmely and W. Allen Morris.

Why Rent Strikes Are Bad for Everyone and What’s Going to be Done about Unemployment?

May 5, 2020

Since thousands of businesses were deemed non-essential and forced to shut their doors, reemployment assistance claims over the last six weeks have surpassed two million in South Florida. With a tourism-dependent economy plus an older population, Florida is more vulnerable to economic shock, which is why it is one of the top five states with the highest number of claims.

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In Affordable Housing, Commercial, COVID-19, Education, Events, Executives, Invest, Investment News, Market Insight, Miami-Dade County, Multifamily, News, Panels, PROFILE Exclusive, Public Health, Residential, Rentals, Restaurants, Retail, Webinar Tags Shahab Karmely, Kar Properties, Jimmy Tate, James Tate, Tate Capital, Allen Morris, Allen Morris Company, Katya Demina, Demetri Demascus, rent strike, landlords, pension fund, life insurance fund, rent control, COVID-19, Coronavirus, coronavirus impact on real estate, Featured
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Developers of The St. Regis Residences, Sunny Isles Beach, Miami, Complete Landmark Foundation Pour As South Tower Prepares To Go Vertical 6.JPG
August 4, 2026
Developers of The St. Regis Residences, Sunny Isles Beach, Miami, Complete Landmark Foundation Pour As South Tower Prepares To Go Vertical
August 4, 2026

Fortune International Group and Château Group, developers of The St. Regis Residences, Sunny Isles Beach, Miami, have reached a significant construction milestone with the South Tower’s mat foundation pour, advancing the ultra-luxury oceanfront development at 18801 Collins Avenue into its next phase.

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August 4, 2026
Penthouse at St. Regis Residences, Miami Under Contract For $47 Million 6.jpg
August 3, 2026
The St. Regis Residences, Miami Passes 80% Sold As Penthouse Goes Under Contract For $47 Million
August 3, 2026

A penthouse at The St. Regis Residences, Miami is under contract for $47 million, marking one of the largest and highest-priced condominium transactions in Brickell's history and highlighting continued demand for ultra-luxury residences in Miami's urban core. The buyer, a New York family relocating to South Florida, has placed the two-story Charles Penthouse under contract at the waterfront development in South Brickell.

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August 3, 2026
Development Spotlight: Colette Residences
August 3, 2026
Development Spotlight: Colette Residences
August 3, 2026

Situated between Brickell's vibrant financial district and the tree-lined streets of Coconut Grove, the South Brickell neighborhood has become one of the city's most desirable addresses for buyers seeking a more intimate luxury living experience while remaining connected to the energy of Miami's urban core.

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August 3, 2026
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