Author: Florida Real Estate News

Miami-Dade County is experiencing a surge in real estate development, with several new multifamily and mixed-use projects slated to transform the landscape. From affordable senior housing to large-scale apartment complexes and commercial spaces, the region is preparing for significant expansion and investment in its housing and business sectors. Key Takeaways Several developers are actively pursuing new residential and commercial projects across Miami-Dade. A focus on affordable housing, particularly for seniors, is evident in recent developments. Mixed-use projects combining residential, retail, and self-storage are also being proposed. Expanding Housing Options Miami-Dade is set to welcome a variety of new housing developments.…

Latin American buyers are making a significant impact on the South Florida real estate market, injecting substantial capital into property investments. This trend is largely driven by economic and political instability in their home countries, leading them to seek stable assets in the United States. Key Takeaways Latin American investors accounted for $367 million in South Florida real estate transactions between August 2023 and July 2024. This represents 29% of all foreign real estate investments in the U.S. from the region. 91% of these buyers acquire property for investment purposes, such as rentals. A notable 68% pay in cash, indicating…

The National Association of REALTORS® (NAR) has released its inaugural Annual Report, detailing significant strides made in achieving the goals of its 2026-2028 Strategic Plan. The comprehensive 80-page document emphasizes advancements in transparency, broker engagement, financial discipline, and legal risk management, outlining the organization’s commitment to serving its members and the broader real estate industry. Key Takeaways NAR has achieved balanced budgets without increasing member dues. The organization made its initial payment towards the Sitzer-Burnett settlement. Millions in savings were identified through budget reexamination, including consumer advertising and event planning. The requirement for agents to join Realtor associations for MLS…

A New York-based developer has put forward the first proposed project in Surfside under Florida’s Live Local Act, signaling a significant step in the state’s efforts to address the affordable housing crisis. This initiative aims to streamline the development process for projects that include a portion of affordable housing units. Key Takeaways Surfside is the site of the first proposed development under the Live Local Act. The project is spearheaded by a New York developer. The Live Local Act is designed to accelerate the creation of affordable housing. The Live Local Act Initiative The Live Local Act, enacted to combat…

The Florida Small Business Administration (SBA) has significantly boosted the state’s real estate sector, committing an impressive $1.57 billion in the second quarter. This substantial investment underscores a robust market and a strong commitment to supporting property development and acquisition within the Sunshine State. Key Takeaways Florida SBA allocated $1.57 billion to real estate investments during the second quarter. This marks a substantial financial commitment to the state’s property market. The investment signals confidence in Florida’s real estate sector and its growth potential. Real Estate Sector Sees Major Boost The substantial capital injection from the Florida SBA is poised to…

Florida’s housing market is anticipating a robust year in 2026, building on a foundation of stabilizing mortgage rates, consistent population influx, and job creation. After a period of adjustment in 2025, experts predict a return to increased sales activity and a more balanced market for both buyers and sellers. Key Takeaways Mortgage rates are expected to average around 6% in 2026, down from approximately 6.7% in 2025, stimulating buyer demand. Florida continues to attract residents due to population growth, job opportunities, and migration from other states and countries. While affordability remains a concern, particularly for first-time buyers, rising incomes and…

Kimberlie Griggs, a dedicated real estate professional from Laurel Hill, Florida, has been highlighted for her commitment to the industry. Operating out of The Property Group 850 Inc. in Crestview, Griggs serves the Emerald Coast Association and holds Realtor ID 2251207. Her recognition underscores the importance of professional standards and expertise within the real estate sector. Key Takeaways Kimberlie Griggs is a recognized real estate professional. She is affiliated with The Property Group 850 Inc. Her service area includes Laurel Hill and Crestview, Florida. She is a member of the Emerald Coast Association. Professional Background Kimberlie Griggs is based in…

The Chicago and Midwest commercial real estate sector experienced significant personnel movements and strategic appointments this past week. Several prominent firms announced new leadership and team expansions, signaling continued growth and specialization within the industry. These changes reflect a dynamic market focused on enhancing expertise in areas like industrial services, multifamily operations, and commercial finance. Key Takeaways Avison Young bolsters its mission-critical and advanced manufacturing platform with new Principal and Vice President. Baird & Warner welcomes back Steve Jasinski to lead a team focused on Chicago’s western suburbs. Cushman & Wakefield appoints Joey Verrant as COO of Asset Services Multifamily.…

Latin American buyers are making a significant impact on the South Florida real estate market, injecting substantial capital into property investments. Between August 2023 and July 2024, these international investors channeled an impressive $367 million into transactions, highlighting a growing trend of foreign interest in the region’s property sector. Key Takeaways Latin American buyers accounted for 29% of all foreign real estate investments in the United States during the specified period. The primary motivation for these purchases is investment, with buyers seeking rental income, vacation rentals, or a combination of both. A significant majority, 68%, opt for cash payments, indicating…

Signs of life are returning to Fort Worden State Park as popular vacation rentals, housed in historic former military buildings, are set to reopen after a year-long closure. The abrupt shutdown in January 2025 had canceled reservations and impacted local businesses. Now, ten buildings are preparing to welcome guests again, offering a much-needed boost to tourism in Port Townsend. Key Takeaways Ten historic buildings at Fort Worden State Park are reopening as vacation rentals. Rentals will be available between April and October. The park’s lodging was closed for a year due to financial issues with the leasing company. The reopening…