Author: Florida Real Estate News
The former Santa Fe residence of legendary actor Gene Hackman, known for his iconic roles in "The French Connection" and "Unforgiven," has been listed for sale. This historic property offers a unique opportunity for buyers to own a piece of Hollywood memorabilia, set against the backdrop of the picturesque New Mexico landscape. Key Takeaways Gene Hackman’s former Santa Fe home is now on the market. The property boasts unique architectural features and a connection to Hollywood history. It offers a blend of luxury living and serene Southwestern charm. A Glimpse into Hollywood Royalty The estate, once home to the two-time…
Florida lawmakers are moving forward with a proposal that could significantly alter the state’s tax landscape by phasing out non-school homestead property taxes over ten years. This initiative, championed by Governor Ron DeSantis, aims to provide substantial tax relief to homeowners, though concerns linger about potential impacts on local government funding and services. Key Takeaways A House proposal (HJR 203) seeks to phase out non-school homestead property taxes over 10 years, culminating in a full exemption by 2037. The measure requires voter approval and would increase the homestead exemption annually by $100,000. Critics warn of billions in lost revenue for…
Affiliated Development is set to launch "The Dune," a significant new residential project in Boynton Beach, Florida. This development aims to address the growing need for affordable housing by offering a mix of income levels within its apartment and townhome units. The project leverages state and local initiatives to make workforce housing a reality in a high-cost market. Key Takeaways The Dune will feature 336 residential units, including 298 apartments and 38 townhomes. A substantial portion of units (198) will be designated for households earning 80% to 120% of the area median income. The project benefits from Florida’s Live Local…
GL Homes is set to significantly expand its presence in Palm Beach County, Florida. The prominent homebuilder has announced the acquisition of 192 acres of land, paving the way for a new residential community. This strategic move underscores GL Homes’ commitment to growth and development in the region. Key Takeaways GL Homes is acquiring 192 acres in Palm Beach County. A new GL Homes community is planned for the area. The acquisition is from Minto Communities. Strategic Land Acquisition GL Homes has finalized plans to purchase 192 acres of land located in Palm Beach County. The parcel was acquired from…
The Florida State Board of Administration (SBA) has significantly boosted its real estate portfolio, committing substantial funds to various US property investments in the second quarter. These strategic investments, totaling approximately $1.57 billion, underscore the SBA’s confidence in the long-term value of the real estate sector. Key Takeaways Florida SBA committed $1.57 billion to real estate in Q2. Recent investments include $365.4 million in US real estate through separate accounts with Invesco Real Estate, Heitman, and MetLife. Investments span diverse asset classes, including apartments, student housing, single-family rentals, logistics centers, medical offices, and retail. Diversified Real Estate Investments The Florida…
Hedge fund titan Ken Griffin has significantly expanded his Miami real estate footprint with the reported $180 million purchase of the 545Wyn office building in the vibrant Wynwood neighborhood. This strategic acquisition, made in partnership with Goldman Properties, marks Griffin’s first foray into Wynwood and signals a broader investment strategy in the city’s diverse economic hubs. Key Takeaways Ken Griffin, through a partnership with Goldman Properties, has acquired the 545Wyn office building for $180 million. The acquisition represents Griffin’s entry into Miami’s Wynwood district, known for its tech and creative industries. Industry experts view this move as a strategic expansion,…
A significant proposal aimed at phasing out non-school property taxes for Florida homeowners has cleared a key hurdle in the state House. The measure, which would increase homestead exemptions over a decade, is part of ongoing efforts by lawmakers and Governor Ron DeSantis to craft a ballot measure for voters. Key Takeaways A House committee advanced a proposal to phase out non-school homestead property taxes over ten years. The plan requires voter approval and aims to increase homestead exemptions annually, reaching full exemption by 2037. Concerns have been raised by cities and counties regarding potential revenue loss and the shifting…
Dallas-based Netstreit Corp., a real estate investment trust specializing in single-tenant net lease retail properties, has acquired two buildings housing Rowe’s IGA Supermarkets for a combined $17 million. The transaction, which closed on January 8th, indicates that Rowe’s IGA Supermarkets will continue to operate from these locations under lease agreements. Key Takeaways Netstreit Corp. purchased two former Rowe’s IGA Supermarket locations for $17 million. The seller was Rob Rowe, founder of Rowe’s IGA Supermarkets. Rowe’s IGA Supermarkets, sold in 2022, will continue to lease the properties. Property Details The two acquired properties are: Baymeadows Road Location: The 57,430-square-foot store, built…
The South Florida real estate market is poised for a dynamic 2026, with experts anticipating shifts in both condo and single-family home sectors. While challenges persist, particularly in the condo market, falling mortgage rates and a stable job market are expected to influence buyer behavior and market conditions throughout the year. Key Takeaways Condo Market Nuances: While Palm Beach saw a significant condo sales increase, Miami-Dade and Broward experienced declines, though prices in these areas have softened, presenting potential opportunities. Single-Family Home Strength: Sales and prices for single-family homes have shown consistent growth in Miami-Dade and Broward counties. Buyer’s Market…
Miami-Dade’s commercial real estate market is demonstrating significant vitality, marked by substantial sales, strategic leasing, and key property acquisitions. The first half of 2025 alone saw CRE sales reach an impressive $3.4 billion, indicating strong investor confidence and market momentum. This surge is fueled by a variety of transactions, from large-scale development site sales to crucial office space expansions. Key Takeaways Miami-Dade commercial real estate sales totaled $3.4 billion in the first half of 2025. A 6.63-acre development site was sold for $12.29 million, facilitated by JLL. Epic Stoneworks significantly expanded its office footprint by quadrupling its workspace. Miami-Dade County…