See 8 Miami real estate trends reshaping issues of affordability and innovation
Miami's real estate scene in 2025 brims with reinvention, challenge and bold moves.
This list of stories outlines a billion-dollar plan by Jackson Memorial Hospital to lease land for affordable and workforce housing, the arrival of advanced sensor systems that track condo safety on the barrier islands, and high-stakes battles over condo association foreclosures.
Miami renters see rare relief as apartment rents dip, even as the gap between incomes and housing costs lingers.
Meanwhile, luxury towers like Trump's Doral condos grab headlines, and frustrated homebuyers face bureaucratic showdowns as nonprofits and commissioners feud over unfinished affordable homes.
The summary above was drafted with the help of AI tools and edited by journalists in our News division. All stories below were reported, written and edited by McClatchy journalists.
The riverfront area of downtown Fort Lauderdale. By CARL JUSTE
NO. 1: APARTMENT RENTS HAVE TAKEN A SURPRISING TURN IN SOUTH FLORIDA. WILL THE TREND CONTINUE?
What to know about the market in Miami and Broward. | Published November 15, 2024 | Read Full Story by Rebecca San Juan
With headlines about condo associations and HOAs foreclosing on owners over unpaid assessments and other fees, state legislatures have been to address the situation.
NO. 2: HOA, CONDO ASSOCIATION GROUP WEIGHS IN ON FORECLOSURES OVER UNPAID ASSESSMENTS, FINES
Condo boards and HOAs foreclosing over unpaid fees getting attention in state legislatures. | Published January 2, 2025 | Read Full Story by Michael L. Hyman
An aerial view of Jackson Medical Towers, at 1500 NW 12th Avenue in Miami, Florida on Jan. 2, 2025. The Public Health Trust of Jackson Health System has approved a deal with Related Urban to demolish two existing towers, known as Jackson Medical Towers, and construct affordable workforce housing and an extended stay hotel. By AL DIAZ
NO. 3: CAN THESE TOWERS HELP AN AFFORDABLE HOUSING CRISIS IN MIAMI? TAKE A LOOK AT THE PLANS
The complex includes hundreds of rentals and a hotel. | Published January 10, 2025 | Read Full Story by Michelle Marchante Rebecca San Juan
A rendering by PPKS of Doral of the proposed Doral International Towers, a residential and commercial complex on the grounds of former President Donald Trump's Doral resort.
NO. 4: DORAL APPROVES TRUMP'S LUXURY CONDO DEVELOPMENT, WITH UNITS STARTING AT $2 MILLION
Donald Trump's Doral resort has received final approval for his latest real estate venture in South Florida—an ambitious luxury condominium project. | Published January 16, 2025 | Read Full Story by Verónica Egui Brito
Aerial view of downtown Miami on Monday, May 10, 2021. By MATIAS J. OCNER
NO. 5: FLORIDA CONDO COSTS OFFICIALLY DROPPED FROM SPECIAL SESSION AMID REPUBLICAN SHOWDOWN
Elderly Floridians to become 'next wave of homeless,' one Republican ally of Gov. Ron DeSantis predicted as a result. | Published January 27, 2025 | Read Full Story by Alexandra Glorioso
Mario Verciani, CEO of SmartCore Systems, displays a sensor same as the ones installed at the Bay House Miami Residences in Edgewater, by his company that provides structural health monitoring (SHM) services to buildings including condominiums, in Miami, on Tuesday February 11, 2025. By Pedro Portal
NO. 6: STURDY, SINKING, SHAKY? MIAMI COMPANY OFFERS AN EARLY WARNING SENSOR SYSTEM FOR CONDOS
'We have monitoring in place, and our structure has not moved. We have real time data.' | Published February 14, 2025 | Read Full Story by Denise Hruby
A view of a resurgent Northeast Second Avenue in the heart of Miami's Overtown neighborhood in April 2021, with the Plaza at the Lyric apartments at left and a Red Rooster restaurant in the background at right. By Pedro Portal
NO. 7: RENTERS ARE PAYING LESS FOR APARTMENTS IN MIAMI, BUT THERE ARE ISSUES. SEE THE COSTS
Here's a look at housing costs and ways to navigate the crisis. | Published March 14, 2025 | Read Full Story by Howard Cohen
Angela Albury, expresses her frustration of waiting for 5 years for her house to be constructed, as she attended to a press conference held by the Neighbors and Neighbors Association (NANA), alongside the Circle of Brotherhood to address what they describe as ongoing attempts by Miami-Dade County Commissioner Keon Hardemon to hinder their work in the community and putting an affordable housing projects at risk in Liberty City, Miami, Florida. on Tuesday March 25, 2025. By Pedro Portal
NO. 8: AFFORDABLE HOMES HANG IN THE BALANCE AS MIAMI-DADE COMMISSIONER, NONPROFITS SQUABBLE
Black residents in Miami can't move into their homes. | Published March 26, 2025 | Read Full Story by Raisa Habersham Douglas Hanks
This report was produced with the help of AI tools, which summarized previous stories reported and written by McClatchy journalists. It was edited by journalists in our News division.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


NBC News
14 minutes ago
- NBC News
U.S. national debt reaches a record $37 trillion, the Treasury Department reports
The U.S. government's gross national debt has surpassed $37 trillion, a record number that highlights the accelerating debt on America's balance sheet and increased cost pressures on taxpayers. The $37 trillion update is found in the latest Treasury Department report issued Tuesday which logs the nation's daily finances. The national debt eclipsed $37 trillion years sooner than pre-pandemic projections. The Congressional Budget Office's January 2020 projections had gross federal debt eclipsing $37 trillion after fiscal year 2030. But the debt grew faster than expected because of a multi-year COVID-19 pandemic starting in 2020 that shut down much of the U.S. economy, where the federal government borrowed heavily under then-President Donald Trump and former President Joe Biden to stabilize the national economy and support a recovery. And now, more government spending has been approved after Trump signed into law Republicans' tax cut and spending legislation earlier this year. The law set to add $4.1 trillion to the national debt over the next decade, according to Congressional Budget Office estimates. Chair and CEO of the Peter G. Peterson Foundation, Michael Peterson said in a statement that government borrowing puts upward pressure on interest rates, 'adding costs for everyone and reducing private sector investment. Within the federal budget, the debt crowds out important priorities and creates a damaging cycle of more borrowing, more interest costs, and even more borrowing.' Wendy Edelberg, a senior fellow in Economic Studies at the Brookings Institution said Congress has a major role in setting in motion spending and revenue policy and the result of the Republicans' tax law 'means that we're going to borrow a lot over the course of 2026, we're going to borrow a lot over the course of 2027, and it's just going to keep going.' The Government Accountability Office outlines some of the impacts of rising government debt on Americans — including higher borrowing costs for things like mortgages and cars, lower wages from businesses having less money available to invest, and more expensive goods and services. Peterson points out how the trillion-dollar milestones are 'piling up at a rapid rate.' The U.S. hit $34 trillion in debt in January 2024, $35 trillion in July 2024 and $36 trillion in November 2024. 'We are now adding a trillion more to the national debt every 5 months,' Peterson said. 'That's more than twice as fast as the average rate over the last 25 years.' The Joint Economic Committee estimates at the current average daily rate of growth an increase of another trillion dollars to the debt would be reached in approximately 173 days. Maya MacGuineas, president of the Committee for a Responsible Federal Budget said in a statement that 'hopefully this milestone is enough to wake up policymakers to the reality that we need to do something, and we need to do it quickly.'


CBS News
14 minutes ago
- CBS News
Pennsylvania Senate introduces plan for SEPTA funding, but Gov. Shapiro calls it "not a serious" proposal
On Tuesday, the Pennsylvania Senate returned to session and introduced a new plan to fund SEPTA and avoid major service cuts at the end of this month. Republican state Sen. Joe Picozzi, of Northeast Philadelphia, introduced an amendment that would fund mass transit for the next two years. Picozzi's amendment was approved in the state Senate by a 27 to 22 vote. The funding would be drawn from the Pennsylvania Transit Trust Fund. It also includes safety and accountability provisions. Picozzi called the bill a "bridge" that will fund SEPTA for the next two years. "This proposal is the only viable plan to keep service running past the August deadline," Picozzi said. "By enacting this legislation, we give ourselves the breathing room to design a better, safer, more accountable transit system for the next generation and the 21st century." A spokesperson for Pennsylvania Gov. Josh Shapiro slammed Picozzi's proposal. "While Governor Shapiro appreciates Senate Republicans finally acknowledging the need to fund mass transit systems across the Commonwealth, this is clearly not a serious, long-term proposal that can pass both chambers," Shapiro's spokesperson said in a statement. "It's time to get back to the table and keep working at it." Democrats in the state Senate also opposed the plan. "The proposal before us quite simply robs money from urgently needed capital projects to pay for off-rating costs," Democratic state Sen. Nikil Saval, of Philadelphia, said. "This is service cuts by another name." On Monday, Pennsylvania's House of Representatives passed legislation that would provide SEPTA with the funding it needs to avoid the looming "doomsday" service cuts. The Democrat-backed bill had the support of Shapiro and passed the chamber, 108-95, over the objection of nearly every Republican in the chamber. Philadelphia students return to school on Aug. 25 — one day after SEPTA would begin service cuts if it doesn't have state funding. "The cuts are going to impact students a great deal, and they're unfortunately going to be among the first that will be hit with these cuts," Andrew Busch, a spokesperson with SEPTA, said. While SEPTA said students will still have options, they won't be as direct as they are now. "They might have to transfer to two or three different routes now, might have a longer walk," Busch said. Stanley's son takes the T-4 trolley in West Philly – one line slated to see reduced service. He worries fewer trollies will mean overcrowding. "Coming from school, it be packed, so he's missing trolleys, or missing the bus to come home," Stanley said. "He has to find another route to come home." Stanley's son is one of 52,000 School District of Philadelphia students who use SEPTA to get to school. And district leaders said they're concerned about the impact cuts could have on attendance. "A key driver for continuing to improve our school district is we need our kids, our young people, to be in school at least 90% of every month," Dr. Tony Watlington, the superintendent of the School District of Philadelphia, said. Watlington said they're working with parents where they can. But he acknowledged much is out of their control — and the district can't just add more yellow buses to fill routes. "It's inefficient to do two systems, number one," Watlington said. "Number two, there's a shortage of bus drivers and resources to get a lot of additional school buses." School safety officials said with the possibility of more kids walking, they are working with Philadelphia police to increase patrols in high-travel areas. "It's probably going to require a lot more from parents to get their students to and from school safely," said Chief of School Safety Craig Johnson.
Yahoo
36 minutes ago
- Yahoo
Republican state Sen. John Braun launches bid to unseat U.S. Rep. Gluesenkamp Perez
Republican John Braun, minority leader of the Washington state Senate, formally announced Tuesday that he's running for Congress in 2026. The state lawmaker is looking to oust U.S. Rep. Marie Gluesenkamp Perez, a second-term Washington Democrat whose district includes Clark, Cowlitz, Lewis, Pacific, Skamania and Wahkiakum counties, plus some of Thurston County. Gluesenkamp Perez has held the 3rd Congressional District seat in southwest Washington since 2023. It should prove a race to watch. Gluesenkamp Perez earned 51.7% of the vote in last November's election while her Republican opponent, Joe Kent, took home 47.9% — although her popularity has reportedly dipped in recent months. Braun, a Centralia Republican, was elected to the state's upper chamber in 2012, serving southwest Washington in the 20th Legislative District. A biography on the Senate Republicans' website notes that he was the chief budget writer and negotiator when he helmed the Senate budget committee in 2017, sponsoring the 2017-19 state operating budget. An Aug. 12 news release from Braun's congressional campaign says that in 2020, his peers picked him to serve as leader of the Senate Republicans. 'I know how to fight bad policy — and how to craft good policy that makes a difference for people here in Southwest Washington,' Braun said in the release. 'I look forward to working with President Trump on a positive agenda that gets America back on the right track.' Throughout the 2025 legislative session, Braun was a leading voice in resisting the Democratic majority's push to pass billions of dollars in new taxes. He has also recently criticized Democrats over their reaction to the One Big Beautiful Bill Act, the controversial new tax and policy law endorsed by President Donald Trump, as being overblown. The Republican lawmaker has worked to reform property taxes in Washington and invest in the public education system, his bio states. He serves as president of Braun Northwest, a family-owned firm that manufactures emergency vehicles. Braun is a U.S. Navy veteran who earned his bachelor's degree in electrical engineering from the University of Washington. He also holds masters from the University of Michigan in business administration and manufacturing engineering. 'Whether in the Navy, running a small business, or serving in the state legislature, I've always focused on solving tough problems, clearing roadblocks, and helping others succeed,' Braun said in the release announcing his campaign. 'In Congress, I'll bring that same approach — working to lower costs for families, support American manufacturing, and expand opportunities for family-wage jobs here at home.' Braun's campaign is touting endorsements from U.S. Rep. Michael Baumgartner, a Spokane Republican, and Lynda Wilson, the former Clark County state senator who also previously chaired that county's Republican Party. 'I know John Braun well from our time working together in the state Senate,' Baumgartner said, according to the release. 'He is a highly intelligent, strong conservative who would make an outstanding member of Congress. I'm proud to endorse him.' Wilson lauded Braun as a 'man of unwavering honesty and integrity.' 'He understands the unique character of Southwest Washington and the values we hold dear,' she said in the release. 'I trust him to fight for us and lead with principle. He has my full and enthusiastic endorsement.' Democrats respond to Braun's campaign Democrats have come out swinging against Braun. Lindsay Reilly, spokesperson for the Democratic Congressional Campaign Committee, blasted the Republican lawmaker as a status quo-loving 'swamp creature' in a Tuesday news release. Tim Gowen, manager for Gluesenkamp Perez's congressional campaign, didn't hold back either. He argued in a statement that Braun has accepted significant campaign contributions from corporations and Big Pharma 'while voting to harm families and small businesses.' 'It's no surprise that the D.C. swamp has recruited him to run for Congress,' Gowen continued. 'They know they can count on him to maintain business as usual which is saddling future generations with enormous debt and giving even more handouts to special interests. He will continue the policies that are hollowing out our communities like driving down wages, bankrupting our hospitals, and increasing the cost of living.' The statement highlighted Gluesenkamp Perez's work to restrict government overreach and boost the state's timber economy. Gowen further argued that the Congress member has sought to improve infrastructure and make it easier to build housing, raise a family on a single income and start a small business. Shasti Conrad, chair of the Washington State Democratic Party, warned in a statement that Braun would be 'a disastrous choice' for Congress. She said he's voted against housing affordability, union workers and a clean environment while backing the One Big Beautiful Bill Act, which is expected to prompt millions of Americans to lose their health coverage. 'Southwest Washington voters won't be duped into supporting a candidate who would put the interests of his big-pocketed donors over the needs of families who are struggling to afford basic necessities,' Conrad continued. Who else is running for 3rd Congressional District? Other candidates have already thrown their hats into the ring for Gluesenkamp Perez's spot, per Ballotpedia: Democrat Brent Hennrich, Republican Antony Barran, and Eric Vaughan, who's running as an independent. State Rep. Jim Walsh of Aberdeen, who chairs Washington's Republican Party, has also looked at entering the race, the Washington State Standard reported last month. The general election for U.S. House Washington District 3 will take place in 2026.