On February 6, 2025, Rules 73C-61.001-.007, F.A.C. (“PRC Rules”), go into effect for implementing Section 692.204, Florida Statutes—the law restricting the purchase of real property by certain persons or entities from...more
Older condo units are flooding the market but demand has dried up.
The Florida condo market is recalibrating, as changes to the Condo Act tank the market for 30-plus year old condos, creating uncertainty for the...more
On August 17, 2023, Judge Allen Winsor of the U.S. District Court of the Northern District of Florida denied the Plaintiffs’ motion for temporary injunction in Shen v. Simpson, Case No. 4:23-cv-208-AW-MAF, the pending...more
8/23/2023
/ Critical Infrastructure Sectors ,
Equal Protection ,
Fair Housing Act (FHA) ,
Florida ,
Foreign Investment ,
Institutional Investors ,
National Origin Discrimination ,
National Security ,
Property Ownership ,
Qualified Institutional Buyers ,
Real Estate Investments ,
Real Estate Transactions
Lawsuit Against Florida Law Restricting Certain Foreign Ownership of Real Property Set for Hearing This Week, DOJ Supports but 12 States Oppose -
On July 1, 2023, SB 264 (Chapter No. 2023-33, Laws of Florida) took effect....more
7/17/2023
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Beneficial Owner ,
Department of Justice (DOJ) ,
Due Process ,
Equal Protection ,
Fair Housing Act (FHA) ,
Foreign Ownership ,
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Regulatory Requirements