Author: Florida Real Estate News
A shocking home invasion occurred early Friday morning at the residence of prominent Miami real estate CEO Bobby Suarez. While Suarez, his wife, and their two young daughters slept soundly, intruders entered their gated Palm Springs North home, ransacked several rooms, and made off with valuable items, including a Porsche. Key Takeaways Two masked intruders broke into the Suarez family home around 3 a.m. The burglars searched through the children’s bedrooms. A Porsche, wife’s car keys, purses, and expensive glasses were stolen. The family feels violated and unsafe despite living in a gated community. A significant reward is being offered…
Florida’s once red-hot housing market is showing signs of a significant cooling, with projections indicating a potential price correction in several key areas by 2026. While a widespread crash is not anticipated, a notable pullback from recent peaks is expected, particularly in markets that experienced rapid growth during the pandemic. However, strategic investors and buyers may find opportunities amidst this market shift. Key Takeaways Five Florida housing markets are identified as having a high risk of price decline in 2026: Cape Coral, Fort Lauderdale, Lakeland, Palm Bay, and West Palm Beach. Seven of the top 10 "coolest" housing markets in…
Florida’s housing market is experiencing a notable cooling trend, with several Gulf Coast cities identified among the "coolest" markets in the nation. This slowdown is characterized by longer selling times, increased inventory, and declining home prices, a stark contrast to the rapid growth seen in recent years. Key Takeaways Seven of the top ten "coolest" housing markets in the U.S. are located in Florida. Cape Coral, Naples, and Punta Gorda on the Gulf Coast are among the most affected areas. Homes are taking significantly longer to sell, with a median of 98 days in Florida compared to 77 days nationally.…
Douglas Elliman Development Marketing has been appointed as the exclusive sales and marketing agent for The Berkeley Palm Beach, a new luxury high-rise development. The project, spearheaded by developer Al Adelson, is slated for a 2028 debut and has already achieved significant pre-sales, with over 20% of its residences sold. Key Takeaways Douglas Elliman Development Marketing will handle sales for The Berkeley Palm Beach. The project is a 25-story luxury tower featuring 193 residences. It is scheduled to launch in 2028 and is already over 20% sold. The development aims to set a new standard for high-rise living in Palm…
Paulo Bacchi, the entrepreneur behind the high-end furniture and lifestyle brand Artefacto, has profoundly influenced Miami’s luxury real estate market. For nearly two decades, Bacchi has been instrumental in shaping how luxury living is experienced, focusing on scale, service, and the ability to deliver instantly in a market driven by urgency. Key Takeaways Bacchi’s strategy of stocking significant inventory allowed for rapid delivery, meeting the demand for immediate gratification in the luxury market. He adapted to market downturns, like the 2008 crash, by furnishing unsold units and creating showcase opportunities, thereby accelerating sales. His business philosophy centers on the principles…
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 alliance aims to foster collaboration, knowledge exchange, and investment opportunities between the real estate sectors of Florida and Japan. The agreement comes at a pivotal time, coinciding with the upcoming launch of direct flights between Orlando and Tokyo, poised to enhance connectivity and economic ties. 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 will facilitate the sharing of market…
Florida Governor Ron DeSantis is pushing for the complete elimination of property taxes, a move he argues will provide much-needed relief to homeowners. However, this proposal is sparking debate among experts and lawmakers, with concerns raised about its potential impact on housing affordability and local government services. Key Takeaways Eliminating property taxes could cause Florida home values to jump by 7-9% immediately. This increase would benefit existing homeowners but could make it harder for first-time buyers to enter the market. Local governments would face significant revenue shortfalls, potentially requiring substantial sales tax increases or service cuts. Lawmakers are exploring various…
Erin Halstead, a distinguished real estate professional, has been highlighted for her contributions and expertise within the industry. Based in Englewood, Florida, Halstead is associated with Michael Saunders & Company and is a member of the Englewood Area Board of Realtors. Her recognition underscores a commitment to high standards in real estate services. Key Takeaways Erin Halstead is a recognized real estate professional in Englewood, Florida. She is affiliated with Michael Saunders & Company. Halstead is a member of the Englewood Area Board of Realtors. Professional Background Erin Halstead operates from Englewood, Florida, and her professional activities are linked to…
Moderno Development Group has successfully closed on a $117 million refinancing loan for Rivr Lofts, a newly completed 352-unit luxury high-rise in downtown Fort Lauderdale, Florida. The three-year, floating-rate loan was arranged by JLL Capital Markets, marking a significant financial milestone for the upscale multifamily property. Key Takeaways Rivr Lofts, a 29-story luxury high-rise in Fort Lauderdale, has secured $117 million in refinancing. The property, completed in November, is already 65 percent leased. The loan was arranged by JLL Capital Markets. Rivr Lofts: A Premier Residential Offering Rivr Lofts, situated at 307 SW 5th St. in Fort Lauderdale’s Tarpon River…
The Moinian Group has appointed Newmark as the exclusive leasing agent for 220 Eleventh Avenue, a significant new construction office development in Manhattan’s Midtown South. This partnership aims to bring a modern, inspiring workspace to the market, catering to businesses seeking state-of-the-art facilities. Key Takeaways The Moinian Group has chosen Newmark to lead the leasing efforts for its newly constructed office building at 220 Eleventh Avenue. The development offers a rare opportunity for companies looking for brand-new office space in Midtown South. The building is designed to be a next-generation workspace, reflecting a commitment to New York City’s commercial future.…