Author: Florida Real Estate News

Concerns over New York City’s recent mayoral election results have triggered a significant surge in real estate activity in South Florida, with developers reporting over $100 million in new contracts from New York buyers. This influx suggests a growing trend of New Yorkers seeking new opportunities and a different lifestyle away from the Big Apple. Key Takeaways A Miami-based developer has seen over $100 million in signed contracts from New York buyers in recent months, doubling last year’s volume. "Nervousness" about incoming policies and potential impacts on quality of life, taxes, and crime are cited as key motivators for the…

Compass has announced a significant expansion in the Palm Beach market with the addition of the esteemed Champagne & Parisi team. This strategic move is set to enhance Compass’s luxury real estate offerings in the region. Key Takeaways The 78-person Champagne & Parisi team, founded in 2011, specializes in luxury waterfront residential properties. The team has a proven track record, closing $582.1 million between 2021 and 2022 and billions over nearly 15 years. This acquisition strengthens Compass’s position in the Palm Beach market. A Powerful New Alliance The Champagne & Parisi team, established in 2011 by Claude Champagne and Caesar…

Allen Morris Co. has successfully secured a $138.5 million construction loan for its ambitious Ziggurat Coconut Grove development. This significant financing, provided by BDT & MSD Partners and BHI (the U.S. Bank of Bank Hapoalim, B.M.), will fuel the creation of a landmark mixed-use project designed to honor Coconut Grove’s rich history while introducing modern luxury. Key Takeaways A $138.5 million construction loan has been secured for the Ziggurat Coconut Grove project. The development will feature a trophy office building, ultra-luxury residences, and high-end retail space. Groundbreaking is set for December 2025, with completion anticipated in early 2028. Ziggurat Coconut…

Broward County experienced a downturn in condo sales and overall dollar volume during the second week of June. A total of 99 condo sales were closed, amounting to $30.3 million, a decrease from the previous week’s 105 sales totaling $35.3 million. The average sale price per unit and per square foot also saw a decline. Key Takeaways Broward County saw a drop in both the number of condo sales and the total dollar volume for the week of June 6-14. The highest priced sale was a luxury unit in Pompano Beach, fetching $2.5 million. Average prices per unit and per…

Florida is grappling with a surge of sophisticated real estate investment fraud schemes that are targeting unsuspecting investors, leading to significant financial losses. Authorities are actively investigating multiple cases involving deceptive practices, Ponzi schemes, and outright theft, highlighting a growing concern for the state’s real estate market. Key Takeaways Multiple real estate investment firms and individuals in Florida are under investigation for alleged fraud. Schemes often promise high, guaranteed returns, luring investors with fake opportunities. Victims have reported losing substantial sums, ranging from thousands to millions of dollars. Elderly individuals appear to be particularly vulnerable targets for these scams. Investigations…

Florida Realtors has significantly expanded its international reach by signing a Memorandum of Understanding (MOU) with the Japan-America Real Estate Coalition Office (JARECO). This strategic partnership aims to foster collaboration, facilitate market data exchange, and enhance professional development for real estate professionals in both Florida and Japan. The agreement coincides with the upcoming launch of direct flights between Orlando and Tokyo, signaling a new era of connectivity and investment opportunities. Key Takeaways A new Memorandum of Understanding (MOU) has been signed between Florida Realtors and the Japan-America Real Estate Coalition Office (JARECO). The partnership focuses on sharing market data, professional…

Boca Raton, FL – The South Florida business community is mourning the loss of Keith O’Donnell, a prominent real estate and business leader, who passed away on November 28, 2025, at the age of 74. O’Donnell was a principal at Avison Young and left an indelible mark on the region through his extensive involvement in significant local projects and his dedicated service to various community organizations. Key Takeaways Keith O’Donnell, a respected figure in Boca Raton’s real estate and business scene, has died at 74. He played a crucial role in major local developments and served on numerous influential boards.…

The average rate for a 30-year U.S. mortgage has fallen to 6.19%, nearing its lowest point of the year. This marks the second consecutive weekly decrease, bringing relief to potential homebuyers and those looking to refinance. The current rate is the lowest seen since late October and is significantly down from 6.69% a year ago. Key Takeaways The 30-year fixed-rate mortgage average is now 6.19%, down from 6.23% last week. This rate is the closest it has been to its yearly low of 6.17% recorded on October 30th. Borrowing costs for 15-year fixed-rate mortgages also decreased to 5.44% from 5.51%.…

Aaron Rodgers, the star quarterback who spent 18 seasons with the Green Bay Packers, has put his Wisconsin home on the market for $3.7 million. The property, located in Hobart, Wisconsin, near Green Bay, was purchased by Rodgers in 2015 for $1.7 million. This move comes after his trade to the New York Jets in 2023 and his subsequent role as the quarterback for the Pittsburgh Steelers. Key Takeaways Aaron Rodgers has listed his Wisconsin mansion for $3.7 million. The quarterback purchased the home in 2015 for $1.7 million. The property is located in Hobart, Wisconsin, near Green Bay. Rodgers…

ORA By Casa Tua, a popular Italian restaurant and hotel concept, has officially filed for EB-5 designation. This move signals the company’s intention to seek foreign investment for its planned expansion in Miami Beach, potentially bringing new jobs and economic development to the area. Key Takeaways ORA By Casa Tua is pursuing EB-5 designation to attract foreign investment. The investment is intended for expansion in Miami Beach. The EB-5 program offers a pathway to U.S. residency for foreign investors who create jobs. The EB-5 Program Explained The EB-5 Immigrant Investor Program is a United States federal program that allows foreign…