Author: Florida Real Estate News

Allen Morris Co., a prominent real estate developer in the Southeast, has officially broken ground on Ponce Park, a new mixed-use development located at 3000 Ponce de Leon Blvd. in downtown Coral Gables. The project aims to blend contemporary design with Coral Gables’ Mediterranean architectural heritage, promising to be a significant addition to the city’s luxury living landscape. Key Takeaways Allen Morris Co. has commenced construction on Ponce Park, a mixed-use luxury development in Coral Gables. The project features 58 high-end residences and 25,000 square feet of retail space. Significant community improvements to Ponce Circle Park are planned as part…

Broward County is experiencing a significant economic boom, with downtown Fort Lauderdale emerging as a major powerhouse. The region’s commercial real estate market, particularly office and retail sectors, is showing robust signs of growth, driven by professional services, residential development, and strategic business expansions. This surge is reshaping the economic landscape, attracting new talent and investment. Key Takeaways Downtown Fort Lauderdale’s economic impact has surged by 44% since 2019, now reaching $43 billion annually. The office sector sees notable activity with companies expanding leases and new firms entering the market. Residential development is a key driver, creating vibrant live-work-play environments.…

Florida’s real estate market is experiencing a significant uptick in foreign investment, with international buyer dollar volume reaching $10.4 billion in the past year. While overall sales remain below pre-pandemic levels due to high prices and interest rates, the number of transactions has increased by 50%. Latin American buyers, particularly from Colombia and Brazil, are making substantial contributions, alongside a strong showing from Canadian investors. Key Takeaways International buyer dollar volume in Florida reached $10.4 billion between August 2024 and July 2025, a 50% increase from the previous year. Canada remains the top international buyer country by dollar volume ($1.9…

Legislator ID 155, known as Avila, is highlighted by Florida Realtors for their engagement with the real estate industry. This recognition underscores the importance of legislative support for the housing market and the professionals within it. Avila’s involvement signifies a commitment to addressing key issues affecting Florida’s real estate sector. Key Takeaways Legislator Avila is recognized for their work with Florida Realtors. The focus is on legislative priorities impacting the real estate industry. Avila’s actions align with Florida Realtors’ advocacy efforts. Legislative Priorities and Advocacy Florida Realtors actively engages with legislators to advance its policy agenda. The organization champions various…

Once a celebrated Hollywood star, Mickey Rourke is reportedly facing eviction from his Los Angeles residence due to significant unpaid rent. The actor, known for his roles in "Body Double," "Man on Fire," and "Diner," has allegedly not paid rent since 2016 for his $7,000-per-month home. Key Takeaways Mickey Rourke is facing eviction from his LA home. The actor has reportedly not paid rent since 2016. His monthly rent for the property is $7,000. A Fall From Stardom Mickey Rourke enjoyed a period of significant success in Hollywood, starring in a string of popular films. However, reports suggest he has…

Alexander’s, Inc. has successfully restructured a significant $300 million mortgage loan tied to the retail condominium at 731 Lexington Avenue in Midtown Manhattan. This strategic financial maneuver aims to provide greater flexibility and manage capital for the prominent property. Key Takeaways The original $300 million loan has been divided into two notes: a $132.5 million senior A-Note and a $167.5 million junior C-Note. Both notes have a new maturity date set for December 23, 2035. Alexander’s affiliate purchased the senior A-Note at par, indicating confidence in the asset. A new B-Note has been established to fund capital expenditures, re-leasing efforts,…

A growing number of Canadian "snowbirds" are finding it increasingly difficult to leave their beloved Florida properties, as a challenging housing market, exacerbated by political sentiment, makes selling a daunting prospect. Many who once sought refuge from harsh winters in the Sunshine State now feel unwelcome and are struggling to exit the market they helped inflate. Key Takeaways Canadian snowbirds are facing difficulties selling their Florida properties due to an oversupply of homes on the market. Political rhetoric from U.S. leaders has contributed to a feeling of being unwelcome, prompting many Canadians to consider leaving. Southwest Florida’s real estate market…

Florida’s real estate market is experiencing a dynamic period with significant investment and acquisition activity. From large retail portfolios to multifamily ventures, the state is attracting substantial capital, signaling continued growth and opportunity across various property sectors. Key players are actively deploying funds, focusing on value-add strategies and expanding their portfolios. Key Takeaways Florida’s real estate sector is attracting significant investment, with major deals and joint ventures being announced. Both retail and multifamily properties are seeing substantial activity, indicating a diverse market. Investment firms are focusing on value-add opportunities and portfolio enhancements. Major Acquisitions and Investments Sterling Organization, a Florida-based…

Florida is on the brink of a significant property tax overhaul in 2026, with proposals ranging from substantial reductions to complete elimination. This potential shift has ignited a fierce debate between state leaders advocating for tax relief and local officials warning of dire consequences for essential services. The coming legislative session is poised to be a pivotal moment in shaping the state’s financial landscape and the burden on its homeowners. Key Takeaways Proposals aim to significantly reduce or eliminate property taxes for Florida homeowners. Local government leaders express strong concerns about funding essential services like police and fire departments. Potential…

Florida’s high-end real estate market is experiencing a surge, with several record-breaking sales across the state. From the Panhandle to the Keys and the Gulf Coast, luxury properties are fetching unprecedented prices, signaling a robust and increasingly valuable market for opulent homes. Key Takeaways A Panhandle mansion sold for a record $41 million, surpassing previous regional highs. Dave Portnoy of Barstool Sports acquired a Florida Keys compound for $27.75 million. Longboat Key saw its most expensive residential sale ever with a $30.3 million cash transaction. Panhandle Sets New Benchmark A stunning oceanfront mansion in Florida’s Panhandle has set a new…