On February 1, 2024, the United States Court of Appeals for the Eleventh Circuit partially granted the plaintiffs/appellants’ motion for an injunction pending appeal in Shen v. Simpson, No. 4:23-cv-208-AW-MAF (N.D. Fla....more
2/6/2024
/ Buyers ,
Commercial Real Estate Contracts ,
Equal Protection ,
Florida ,
Foreign Acquisitions ,
Foreign Investment ,
Preemption ,
Preliminary Injunctions ,
Property Ownership ,
Real Estate Investments ,
Real Estate Transactions ,
Residential Real Estate Contracts
The Florida Real Estate Commission’s form buyer’s affidavits for conveyances to foreign entities are finally available and go into effect on January 17, 2024. This should provide some relief for practitioners and title...more
SB 264 (Chapter No. 2023-33, Laws of Florida) - which restricts some individuals and entities associated with China, Russia, Iran, North Korea, Cuba, Venezuela, and Syria from owning certain real property in Florida - has...more
On September 20, 2023, the Florida Department of Commerce (“DOC”) (formerly known as the Florida Department of Economic Opportunity) released its initial set of proposed Rules for implementing SB 264 (Chapter No. 2023-33,...more
9/26/2023
/ Buyers ,
Critical Infrastructure Sectors ,
Florida ,
Foreign Investment ,
Foreign Policy ,
Institutional Investors ,
Property Ownership ,
Proposed Rules ,
Real Estate Investments ,
Real Estate Transactions ,
Sellers
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
/ Amicus Briefs ,
Beneficial Owner ,
Department of Justice (DOJ) ,
Due Process ,
Equal Protection ,
Fair Housing Act (FHA) ,
Foreign Ownership ,
National Security ,
Real Estate Investments ,
Real Estate Market ,
Real Estate Transactions ,
Regulatory Requirements