Author: Florida Real Estate News
Miami-Dade County is experiencing a significant boom in residential construction, with numerous new apartment complexes and housing developments either proposed or already underway. This surge reflects the region’s ongoing population growth and the increasing demand for diverse housing options across various income levels. Key Takeaways Multiple developers are actively pursuing new residential projects throughout Miami-Dade. There is a notable focus on workforce housing and affordable living solutions. Projects range from large-scale apartment complexes to single-family home developments. Industrial development is also progressing, particularly in the South Dade area. New Apartment Complexes Emerge Several developers are bringing new apartment projects to…
Central Florida-based IPG Franchising, a company that connects investors with vacation rental management contracts, has filed for Chapter 11 bankruptcy. The move follows months of investigation by Gulf Coast News and a growing number of lawsuits from disgruntled investors, property owners, and renters who claim they are owed significant sums of money. The company’s financial situation appears dire, with reported assets under $50,000 and liabilities between $1 million and $10 million. Key Takeaways IPG Franchising has filed for Chapter 11 bankruptcy. The company faces numerous lawsuits from investors, property owners, and renters. Investors report delayed or non-existent payments, with some…
The home of Bobby Suarez, CEO of SelltoBobby.com, was targeted in an overnight burglary in Northwest Miami-Dade. While Suarez and his family slept, intruders gained access to their residence, ransacked several rooms including the children’s bedrooms, and made off with a luxury Porsche and other valuables. The incident has left the family feeling violated and unsafe in their own home. Key Takeaways Two individuals broke into the home of real estate CEO Bobby Suarez while he and his family were asleep. The burglars stole a Porsche, car keys, purses, and other items. Surveillance footage captured the suspects inside the home…
Construction has officially commenced on Surf Row Residences, a new luxury condominium project located in the desirable coastal neighborhood of Surfside, Florida. This development, a joint venture between LD&D and ONE Capital, promises to add 21 exclusive residences to the beachfront, with completion anticipated by 2027. Key Takeaways Groundbreaking ceremony held for Surf Row Residences in Surfside. Project is a collaboration between LD&D and ONE Capital. Features 21 bespoke condominiums. Expected completion by 2027. Sales and marketing exclusively handled by ONE Sotheby’s International Realty. A New Era of Coastal Living Surf Row Residences is set to redefine luxury living with…
The recent New York City mayoral election has triggered a significant surge in interest and investment in Florida’s real estate market, with developers reporting a substantial increase in deals from New York buyers. This trend is attributed to anxieties surrounding the policies and potential impact of the newly elected mayor, Zohran Mamdani, on the quality of life and economic stability in New York City. Key Takeaways A Miami-based developer has reported over $100 million in signed contracts from New York buyers in recent months, doubling last year’s volume. Concerns over potential tax increases, crime rates, and lifestyle changes are driving…
Palm Beach County’s real estate market is experiencing a robust surge in sales, particularly for single-family homes, as reported for September and October 2025. While overall sales volume is up significantly year-over-year, the market is characterized by steady median prices for single-family homes and a notable increase in cash transactions. Condominium sales also saw an uptick, though median prices in this segment have seen a slight decline. Key Takeaways Single-family home sales in Palm Beach County increased by approximately 25% in September compared to the previous year. The median price for single-family homes remained stable at $615,000 in September, while…
South Florida anticipates a continued influx of new residents in 2026, potentially mirroring the migration patterns seen during the COVID-19 pandemic, albeit at a more gradual pace. This trend is fueled by a desire for lower taxes, reduced living costs, and a more business-friendly environment, attracting individuals and businesses from states like New York, California, Illinois, and Massachusetts. Key Takeaways The South Florida housing market is experiencing a resurgence, with rising sales and median prices, particularly in the Miami-Fort Lauderdale-West Palm Beach area. While the luxury market shows signs of being overbuilt, there’s a significant demand for affordable and workforce…
The Florida State Board of Administration (SBA) is making significant investments in the real estate sector, committing billions of dollars to fuel commercial growth across the United States. This strategic allocation targets various property types, with a particular emphasis on residential assets, aiming to rebalance the portfolio and capitalize on market opportunities. Key Takeaways Florida SBA committed $1.57 billion to real estate in the second quarter. The board plans to commit $1.4 billion to real estate this year, focusing on residential properties. Recent acquisitions include single-family rentals, student housing, and apartment projects totaling $147.7 million. The SBA is adjusting its…
A prime four-acre oceanfront parcel in Manalapan, Florida, once slated for a record-breaking $285 million mansion, has been relisted as land for $75 million. The property, located directly next to Oracle billionaire Larry Ellison’s sprawling estate, offers potential buyers the opportunity to design and build their own custom luxury residence. Key Takeaways A four-acre oceanfront property in Manalapan, Florida, is now listed for $75 million. The land was previously marketed with plans for a $285 million mansion. The property is adjacent to Larry Ellison’s Florida estate. The shift to a land-only offering reflects buyer demand for custom-built homes. A Prime…
1789 Capital, an investment firm where Donald Trump Jr. is a partner, has teamed up with South Florida developer Frisbie Group to launch a $1 billion real estate fund. The fund will focus on acquisitions and development projects primarily in Palm Beach and Boca Raton, marking a significant expansion of the Trump family’s presence in the region’s commercial real estate market. Key Takeaways 1789 Capital, with Donald Trump Jr. as a partner, is launching a $1 billion real estate fund. The fund will target acquisitions and developments in South Florida, specifically Palm Beach and Boca Raton. Frisbie Group, a local…