Author: Florida Real Estate News
Hillsborough County Property Appraiser Bob Henriquez is currently facing scrutiny following the emergence of a controversial poll that falsely accused him of overvaluing properties and increasing tax burdens. The poll also hinted at a potential challenge from former State Senator Tom Lee, raising questions about the political landscape surrounding Henriquez’s office. Key Takeaways A recent "push poll" has circulated, alleging Bob Henriquez overvalues properties and raises taxes, claims Henriquez refutes as "demonstrably false." The poll suggests former State Senator Tom Lee may be considering a challenge to Henriquez in the upcoming election. Henriquez, a Democrat, is seeking his fourth term…
The Florida Attorney General’s Office is investigating Tampa-based real estate investment firm RAD Diversified REIT Inc. and its owners, Brandon “Dutch” Mendenhall and Amy Vaughn, for alleged deceptive practices and potential violations of state laws. The probe, initiated following multiple investor complaints, centers on claims that the company may be operating a Ponzi scheme. Key Takeaways Florida Attorney General James Uthmeier’s office is investigating RAD Diversified REIT Inc. for potential deceptive practices. Owners Brandon “Dutch” Mendenhall and Amy Vaughn are specifically named in the investigation. The investigation is looking into allegations that the firm is operating a Ponzi scheme, with…
The future of the Galleria Mall in Fort Lauderdale, Florida, is uncertain as plans emerge for its potential redevelopment. Instead of its current retail focus, the site could be transformed into a vibrant mixed-use complex featuring residential towers, a hotel, and much-needed affordable housing. This significant shift signals a potential end for the mall as a traditional shopping destination. Key Takeaways The Galleria Mall in Fort Lauderdale may be demolished. Plans propose replacing it with nine residential towers, a hotel, and affordable housing. The development aims to address housing needs in the area. A New Vision for the Mall Site…
The 2025 real estate landscape in Miami’s Brickell and Downtown areas reveals a market of both resilience and adjustment. A recent analysis of key buildings highlights which condominiums are maintaining their value and which are facing challenges, offering crucial insights for buyers and sellers navigating this dynamic market. Key Takeaways Stability Amidst Change: While some buildings show significant price declines, others demonstrate robust growth and end-user stability. End-User vs. Investor: The report emphasizes the divergence in performance between buildings primarily occupied by owners and those with a high concentration of investors. Quality and Governance Prevail: Buildings with strong management, consistent…
The highly anticipated 2025 South Florida Agents’ Choice Awards finalists have been announced, recognizing the top talent and achievements in the region’s vibrant real estate market. Following thousands of votes from industry professionals, the list celebrates outstanding individuals and companies across various categories. Winners will be unveiled online on October 20th. Key Takeaways The finalists represent a diverse range of expertise, from top-performing teams and managing brokers to rising stars and industry influencers. Awards span multiple categories including team performance, individual achievements, digital presence, and community impact. Leading brokerages and developers are also recognized for their significant contributions to the…
Wynwood’s vibrant art scene has a new destination with the opening of Calle Collective, an open-air art gallery by Fisher Brothers. Located at the new Joule House rental residence, the gallery transforms everyday walls into a canvas for local talent, showcasing 19 large-scale murals by Miami-based artists. This initiative aims to celebrate community, culture, and the unique artistic spirit of the neighborhood. Key Takeaways Calle Collective is Wynwood’s newest open-air art gallery, featuring 19 murals by local artists. The gallery is situated within the paseo of Joule House, a new rental residence by Fisher Brothers. The project is a collaboration…
Broward County homeowners are grappling with a significant surge in property taxes, driven by a combination of escalating home values and changes in property assessment laws following renovations. This financial strain is forcing some long-time residents to reconsider their ability to remain in their homes, sparking calls for tax relief and reform. Key Takeaways Property taxes in Broward County are increasing dramatically for some homeowners, even those with homestead exemptions. Major home renovations can trigger a full property reassessment, removing protections like the Save Our Homes cap. A surge in all-cash offers from out-of-state buyers is driving up market values…
The Florida Attorney General’s Office is investigating Tampa-based RAD Diversified REIT Inc. and its owners, Brandon “Dutch” Mendenhall and Amy Vaughn, for potential violations of the state’s Deceptive and Unfair Trade Practices Act. The probe, which has led to subpoenas for the company and its principals, centers on allegations that investors’ funds are being misappropriated instead of being used for real estate purchases as advertised. Key Takeaways Florida Attorney General James Uthmeier’s office is investigating RAD Diversified REIT Inc. for alleged deceptive practices. Owners Brandon “Dutch” Mendenhall and Amy Vaughn are specifically named in the investigation. The investigation is exploring…
The Milestone Group has announced the acquisition of Casa Brera at Toscana Isles, a 206-unit apartment community located in Lake Worth Beach, Florida, a submarket of Miami. This strategic purchase, previously owned by RAIA Capital Management, was made at a 20 percent discount to replacement cost, with Milestone assuming the existing financing. Key Takeaways Milestone Group acquired the 206-unit Casa Brera at Toscana Isles in Lake Worth Beach, Florida. The acquisition was made at a 20 percent discount to replacement cost. The property features one-, two-, and three-bedroom floorplans and extensive amenities. Miami’s multifamily investment activity has seen a year-over-year…
Buying a home is a significant life event, often representing one of the largest financial commitments. For many, especially first-time buyers, the process can seem daunting. This guide breaks down the essential steps involved in purchasing a house, offering clarity and confidence for both new and experienced buyers. Key Takeaways Understand your financial readiness, including credit score and budget. Get pre-approved for a mortgage to know your borrowing power. Partner with a knowledgeable real estate agent. Define your needs and explore neighborhoods. Make an informed offer and be prepared for negotiations. Navigate home inspections and appraisals. Prepare for closing costs…