June 6, 2026 - 01:14

The mayor of Miami-Dade County is moving to use eminent domain to seize a piece of property on Fisher Island, escalating a bitter fight with developers that has pulled in some of the city's most influential players. The target is a fueling station used by cruise ships, a critical piece of infrastructure that the county wants to control.
The conflict has been brewing for months. Developers who own the land have been pushing their own plans, which the county says could disrupt the flow of fuel to the massive cruise liners that dock in Miami. The mayor argues that the station is essential to the local economy and that private interests cannot be allowed to hold it hostage. By invoking eminent domain, the county would force a sale at a price determined by the courts, effectively taking the property for public use.
The move is a dramatic one, and it has already drawn sharp reactions from both sides. Supporters say it is a necessary step to protect jobs and the tourism industry. Critics call it government overreach, noting that Fisher Island is one of the wealthiest enclaves in America and that the dispute could end up in court for years. The mayor has not backed down, stating that the county's priority is keeping the port running smoothly, no matter who owns the land. The decision is expected to face legal challenges immediately.
June 5, 2026 - 02:27
30-Year Fixed Mortgage Rate Drops by 37 Basis Points Year-Over-YearThe average rate on a 30-year fixed mortgage has dropped to 6.48%, marking a decline of 37 basis points compared to the same time last year. This move lower comes as a welcome shift for prospective...
June 4, 2026 - 10:24
Advanced Real Estate acquires San Gabriel Valley apartmentsAdvanced Real Estate has completed the acquisition of a 126-unit apartment community in Rowland Heights, located in the San Gabriel Valley. The deal was structured as a 721 exchange, a tax-deferred...
June 3, 2026 - 21:02
Homeowners are suddenly pulling their houses off the market—and this is whyThe spring selling season, traditionally the busiest time for real estate, is turning into a disaster for many homeowners. Across the country, a growing number of sellers are yanking their houses...
June 3, 2026 - 11:23
MV Realty preyed on Maryland homeowners, attorney general saysMaryland`s attorney general has filed a lawsuit against MV Realty, alleging the real estate company tricked homeowners into signing predatory loan agreements with hidden and confusing terms. The...