Author: Florida Real Estate News
Oracle cofounder and CTO Larry Ellison has significantly expanded his real estate footprint in South Florida, investing a staggering $450 million into the exclusive town of Manalapan. This substantial investment aims to transform the island community, located just 20 minutes from Mar-a-Lago, into a premier destination for the ultra-wealthy. Key Takeaways Larry Ellison has invested $450 million in Florida real estate. The investments are concentrated in Manalapan, a town near Mar-a-Lago. Ellison acquired a record-breaking estate and a major resort hotel. The move is expected to further attract high-net-worth individuals to the area. A Significant Investment in Manalapan Ellison, the…
Florida has once again been recognized as a top destination for movers, securing the second position in the nation for growth in 2025. This surge in new residents is supported by data from U-Haul’s annual Growth Index and corroborated by local moving companies and real estate professionals who have observed a significant increase in activity. The state’s appeal, combined with a healthy housing market, continues to draw people seeking a warmer climate and favorable living conditions. Key Takeaways Florida ranked as the second-highest growth state in the U.S. for 2025, according to U-Haul’s analysis of one-way moving transactions. Texas claimed…
A Florida real estate broker is facing serious accusations of misappropriating over $121 million in investment funds. The broker allegedly used her managerial position within several companies to divert these substantial sums into her personal accounts, according to a lawsuit filed by a property investor. Key Takeaways A Florida real estate broker is accused of stealing more than $121 million. The funds were allegedly diverted from investment distributions to the broker’s personal accounts. The accusations stem from a lawsuit filed by a property investor. Allegations of Embezzlement A property investor has filed a lawsuit in state court accusing a Florida…
The luxury real estate market in Southwest Florida saw significant activity in December 2025, with Naples properties leading the charge. A stunning estate in Naples’ Grey Oaks community commanded the highest price, selling for $16.5 million. This highlights the continued demand for high-value residences in the region, with all top 10 sales in Collier County exceeding $8 million. Key Takeaways A Naples home in Grey Oaks sold for $16.5 million, topping the list for December 2025. All top 10 homes sold in Collier County were priced at $8 million or higher. Popular Naples neighborhoods for luxury sales included Pine Ridge,…
A Florida property investor has filed a lawsuit accusing a local real estate broker of misappropriating over $121 million. The investor alleges the broker, who managed several companies, diverted funds intended for investment distributions into her personal accounts. Key Takeaways A property investor claims a Florida real estate broker stole $121 million. The funds were allegedly diverted from investment distributions to the broker’s personal accounts. The lawsuit was filed in state court. Allegations of Embezzlement The lawsuit, filed in state court, details accusations that the real estate broker exploited her managerial role within multiple companies to systematically siphon funds. These…
South Florida’s real estate market is anticipating a brighter outlook for 2026, largely driven by a projected decrease in mortgage interest rates and a resilient job market. Despite concerns in 2025 regarding higher borrowing costs and condo market stability, the region’s housing sector demonstrated unexpected resilience. Limited inventory of single-family homes helped maintain price stability, while the luxury condo market absorbed some of the pressure, preventing a significant downturn. Key Takeaways Falling mortgage rates are expected to improve affordability and encourage homeowners to sell. The condo market, while still facing challenges, shows signs of stabilization. South Florida’s job market remains…
Florida Realtors highlights the engagement of Legislator ID 152, Garcia, in legislative matters pertinent to the real estate industry. The organization provides a comprehensive overview of its advocacy efforts and resources available to members, underscoring the importance of legislative action in shaping the real estate landscape. Key Takeaways Florida Realtors actively engages with legislators like Garcia to advance the real estate industry. The organization offers a wide array of resources for its members, including legal assistance, marketing tools, and market research. Legislative priorities focus on areas such as housing affordability, property management, and taxation. Advocacy and Legislative Priorities Florida Realtors…
New York City-based real estate investment platform Vertex has announced the acquisition of 61-63 Crosby Street, a prime mixed-use building in the heart of SoHo. The deal, terms of which were not disclosed, adds a stable, high-quality asset to Vertex’s growing portfolio, aligning with their strategy of pursuing long-term holds that generate strong, tax-efficient cash flow. Key Takeaways Vertex has acquired the 32,400-square-foot, five-story mixed-use building at 61-63 Crosby Street in SoHo. The landmark property is 100% leased, with Patagonia’s NYC flagship store anchoring the retail space. The building underwent a comprehensive redevelopment in 2018 and features long-term tenant stability.…
BI Group USA, a prominent developer, has appointed ONE Sotheby’s International Realty as the exclusive sales and marketing broker for its new Parkside development in Miami’s Brickell Financial District. This strategic partnership aims to leverage ONE Sotheby’s expertise to bring the luxury condo-hotel project to its full market potential. Key Takeaways BI Group USA selects ONE Sotheby’s International Realty for its Brickell condo-hotel project. Parkside offers rental-friendly units with flexible leasing options. The development features a range of amenities focused on wellness and modern urban living. Brickell was chosen for its global appeal, investor demand, and vibrant lifestyle. Parkside Development…
Broward County’s condominium market has experienced a mixed bag of results in recent weeks, with notable shifts in both the number of sales and the total dollar volume. While some periods saw a significant uptick in transactions and revenue, others witnessed a dip, reflecting the dynamic nature of the local real estate landscape. Key Takeaways Recent weeks have shown variability in Broward County’s condo market, with both increases and decreases in sales volume and total dollar value. Average prices per unit and per square foot have also fluctuated, indicating shifts in the types of properties being transacted. High-value sales continue…