Knock Home Swap Makes South Florida Its 14th Market

Knock Home Swap, the service that helps sellers move before they sell is now active and certifying agents in Miami, Fort Lauderdale and West Palm Beach.

Knock Home Swap has made its way into the South Florida real estate market, according to a company press release.

The unique home lending company has launched services in Miami, Fort Lauderdale and West Palm Beach. It will be available to homesellers in regional suburbs, as well. The service was already running in Orland and Tampa.

The lending model allows homeowners to find and move into a new house, leveraging a non-contingent offer, without being dependent on the sale of their current home. Knock provides the mortgage on the new property while carrying loan service costs and market preparation expenses on the previous, up to $25,000.

Knock also partners with real estate agents to certify them on how to present the program and work

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Homebuying Startup Knock Expands To South Florida

Ben Schachter, Sean Black and Mike Pappas (Signature, Getty, Keyes)

Ben Schachter, Sean Black and Mike Pappas (Signature, Getty, Keyes)

Homebuying startup Knock is expanding into South Florida with its Home Swap program.

The company is launching the program in Miami, Fort Lauderdale, West Palm Beach and other parts of the region by partnering with Keyes Company and the Signature Real Estate Companies, CEO Sean Black said.

Home Swap allows sellers to buy their new homes before selling their old ones by pre-funding new mortgages, freeing up a liquidity problem that many sellers have. “It’s super inconvenient to buy and sell at the same time. We give you a mortgage for your new home,” Black said.

Knock also offers sellers an interest-free bridge loan for up to $25,000 to repair and renovate their old home before listing it for sale. The startup, which raised $400 million last year, will typically work with sellers in the $300,000 to $750,000 range.

If

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A $595K West Village One-Bedroom and a South Slope Duplex With a Greenhouse

For under $1 million, one can find all sorts of housing configurations: park-and-subway-adjacent studios, one bedrooms hidden in carriage houses or former shoe factories, and even the occasional true two bedroom. With price drops rampant across Manhattan, and vacancies high citywide, we’re combing the market for particularly spacious, nicely renovated, or otherwise worth-a-look apartments at various six-digit price points. This week: A huge one-bedroom on Roosevelt Island, a South Slope duplex with a greenhouse, and more. 

The Cheapest Apartment on Roosevelt Island for $448K

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555 Main Street Apt. 908 — There are only 23 apartments for sale on Roosevelt Island right now, and the cheapest among them is this huge one-bedroom (the catch here is a household income cap of $196,470). The 800-square-foot unit has parquet floors throughout and huge sliding windows in the living and dining area, which come with a side view of the East River

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Market Factors Make South Florida Industrial Almost A Sure Bet

Ed Easton started his industrial real estate company, The Easton Group, in 1974. He now controls about 5M SF of space. 

“When I started in the industrial market, nobody liked industrial,” he recalled during a Bisnow webinar on South Florida’s industrial market Nov. 18. “When I first took my wife off to see what I did for a living, she said, ‘What the heck is this?’ She didn’t get it. Nobody got it.”

That’s certainly different today, in the era of e-commerce.

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Courtesy of Prologis

Prologis I-595 is a warehouse/distribution park strategically located in the center of Broward County along the I-595/SR 84 corridor.

Until now, there have been fewer than 10 companies having any significant involvement in the local market, Easton said. That is starting to change, with more players in fierce competition for limited assets.  

“We’re seeing some firms coming in from Chicago or even out west and

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Eagle Arc Buys Two South Florida Nursing Facilities for $36M

Elliott Mandelbaum with 7900 Venture Center Way in Boynton Beach and 600 Business Park Way in Royal Palm Beach (Linkedin, Google Maps)

Elliott Mandelbaum with 7900 Venture Center Way in Boynton Beach and 600 Business Park Way in Royal Palm Beach (Linkedin, Google Maps)

New York-based real estate investment firm Eagle Arc spread its wings with the purchase of two South Florida nursing facilities for $36.41 million.

The company, formerly known as BM Eagle Holdings, bought the 99-bed Boynton Health Care Center near Boynton Beach for $16.46 million, according to records. The skilled nursing facility is at 7900 Venture Center Way.

The Boynton facility charges $370 per day for a semi-private room, according to records. In June it was fined $3,000 for lacking paperwork related to its emergency management plan.

Eagle Arc also bought the 120-bed Royal Palm Beach Health and Rehabilitation Center at 600 Business Park Way in Royal Palm Beach for $19.95 million, according to records. The daily rate there is $295. Both nursing homes are for-profit.

The sellers are

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Bayleys South Auckland Office Premises Go Up For Sale


2
Harris Road

An office building
housing New Zealand’s largest full-service real estate
company and the country’s leading insurance broker has
been placed on the market for sale.

The two-storey
freehold property on a prominent corner site at 2 Harris
Road, East Tamaki, is fully leased to Bayleys Real Estate
and Aon New Zealand which have both occupied the site for 15
years. The dual tenancies return total net income of
$539,516.40 per annum plus GST and outgoings.

Bayleys
South Auckland occupies some 879 square metres with offices
and an auction room serving the industrial, commercial and
retail property sales and leasing markets. The team operates
throughout South Auckland, from Greenlane in the North to
the Bombay Hills in the South. It is part of a wider Bayleys
network of over 90 offices across New Zealand and three in

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South Hills real estate transactions for the week of Nov. 29

Baldwin Borough

Bishal Chudal sold property at 1641 Beryl Drive to Durga and Kharga Gurung for $170,000.

John Schmotzer sold property at 5566 Brownsville Road to 134 Suthoff LLC for $168,000.

Edna Kiley sold property at 1612 Carmella Drive to KEQ Holdings LLC for $59,900.

Daniel McArdle sold property at 5050 E Willock Road to Theodore and Dianne Lorraine Carter for $370,000.

Daniel Burgman sold property at 4929 Gardenville Road to Nicole Carretta for $162,000.

Paul John Kaslewicz sold property at 1135 Marlane Drive to William and Julie Skonsky for $245,000.

Matthew Paul sold property at 100 Pamela Drive to Ryan Rai for $315,000.

Estate of William Stokes sold property at 11 Sunny Drive to William and Judith Tomlinson for $150,000.

Paul Contos Jr. sold property at 1610 Towervue Drive to

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On Race and Property in the South | by Shirley Elizabeth Thompson

On November 19, 2020, we published Shirley Elizabeth Thompson’s “Georgia On My Mind,” the author’s reflection on her hometown of Atlanta—of growing up amid gentrification, white flight, integration, and other lingering effects of segregation—while she watched the state’s critical election returns. The Biden-Harris win in Georgia, along with in Michigan and Pennsylvania, was crucial in creating an unambiguous margin of victory—all the more remarkable since a majority of Georgians hadn’t voted for a Democratic nominee in the presidential election since Jimmy Carter. Thompson writes, “I have been thinking a lot about the intertwined histories of race and property, power and belonging. And in recent years, suburbs have emerged as a prime battleground for struggles between Black folks and white folks over who has right of way in this country.”

Associate Chair of Black Studies at the University of Texas, Thompson has lived in Austin now for twenty years. I asked

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5 ways South Florida restaurants will adapt, survive and evolve in 2021

More fine-dining restaurants will die in 2021. Takeout food will blow up, restaurant menus will slim down, virtual eateries will multiply and outdoor patios – considered prime dining real estate – will expand. And don’t expect masks or sanitizer to disappear from dining rooms anytime soon.



a group of people sitting at a table in front of a store: Blake and Bill Admire dine with Henry Thomas and Yazmin Esfahani at the newly redesigned Papa's Raw Bar on Thursday Nov. 19, 2020 in Lighthouse Point, Fl.  To get through the pandemic, the restaurant made many changes including adding a 50-seat outdoor dining area, buying a liquor license and creating a speakeasy-themed cocktail bar.


© Susan Stocker / South Florida Sun Sentinel/South Florida Sun Sentinel/TNS
Blake and Bill Admire dine with Henry Thomas and Yazmin Esfahani at the newly redesigned Papa’s Raw Bar on Thursday Nov. 19, 2020 in Lighthouse Point, Fl. To get through the pandemic, the restaurant made many changes including adding a 50-seat outdoor dining area, buying a liquor license and creating a speakeasy-themed cocktail bar.

How do we know this? Answer: It’s already happening. The pandemic has already caused over $1 billion in revenue loss in Broward’s hospitality industry, and the first widespread use of COVID-19 vaccines is months away. Until South Florida is

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With State Moratorium Lifted, Evictions Spike in South Florida

Florida’s moratorium on evictions and foreclosures expired at the end of September. Since then, enforcement of eviction orders has resumed in some counties.



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© Provided by NBC Miami


From April to the end of September, the state didn’t allow renters to be evicted from their homes, giving people some time to get through the tough times caused by COVID-19.

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“The order which was put in place to help, but there’s always people there to take advantage of something that is good,” said Kandace Edwards, a local landlord.

Edwards says the state moratorium made it difficult to evict a tenant who was not paying rent.

“Not until the beginning of October that BSO said they could finally go in and on October 7, the officer came here and put the sticker on the door,” Edwards said. “By that time, she was long gone.”

But Edwards says she is out

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