Author: Florida Real Estate News

The once-rural landscape of Parkland, Florida, is undergoing a dramatic transformation as the "Wedge" or "Golden Triangle" area, a significant developable parcel, rapidly fills with new residential communities. This region, previously part of Palm Beach County, was transferred to Broward County in 2009, strategically positioning it for growth as South Florida’s developable land dwindles. Major developers like Lennar and Standard Pacific are leading the charge, with initial residents already moving into upscale neighborhoods. Key Takeaways The "Wedge" or "Golden Triangle" is one of the last large developable areas in Broward County. The area was transferred from Palm Beach County to…

The Tampa Bay real estate market is experiencing unprecedented demand, leading to intense bidding wars and record-low inventory. Buyers are increasingly waiving contingencies and offering significantly over asking price, while sellers are seeing multiple offers on the first day of listing. This frenzied activity is reshaping the local housing landscape. Key Takeaways Demand is so high that some homes receive dozens of offers, with buyers waiving inspections and contingencies. Median sale prices in Hillsborough and Pinellas counties have surged by 18% year-over-year. Housing inventory has drastically shrunk, with less than one month’s supply available in both counties. Homes are selling…

A significant transaction in the retail real estate sector has concluded with the sale of a 10-property open-air retail portfolio for $395.5 million. The portfolio, spanning approximately 1.04 million square feet across Florida and South Carolina, was acquired by 11North Partners and Bain Capital from PGIM Real Estate. This deal highlights strong investor confidence in well-located, necessity-based retail centers. Key Takeaways A 10-property open-air retail portfolio totaling 1.04 million square feet was sold for $395.5 million. The portfolio is located across Florida and South Carolina, with strong occupancy rates. Bain Capital and 11North Partners are the new owners, acquiring the…

The Marion County and surrounding areas real estate market in June 2025 is experiencing a noticeable seasonal shift. Buyers are actively exploring their options, leading to increased inventory and a more deliberate pace. Sellers are advised to present their properties strategically to attract discerning buyers in this evolving landscape. Key Takeaways Buyers are in a "window-shopping" phase, taking their time to evaluate properties. Inventory levels are rising across all four counties, offering buyers more choices. Sellers need to price and present their homes effectively to stand out. The extended time properties spend on the market provides buyers with negotiation opportunities.…

Florida has officially eliminated its 57-year-old Business Rent Tax (BRT) on commercial leases, a move projected to save businesses $2.5 billion annually. This significant legislative change, championed by Florida Realtors, aims to enhance the state’s economic competitiveness and encourage business expansion. Key Takeaways The repeal of the Business Rent Tax took effect on October 1, 2025. Businesses in Florida will save an estimated $2.5 billion each year. The tax had been in place since 1968, with rates fluctuating over the decades. Advocacy efforts by Florida Realtors and other business groups were instrumental in achieving the repeal. A Long-Awaited Repeal The…

Debra Duvall, a distinguished real estate professional from Jensen Beach, Florida, has been recognized for her exceptional skills in handling real estate contracts and negotiations. Duvall’s passion for these intricate aspects of the industry stems from her desire to ensure both buyers and sellers achieve their desired outcomes in property transactions. Key Takeaways Debra Duvall excels in real estate contracts and negotiations. Her dedication is focused on client satisfaction. She is affiliated with Water Pointe Realty Group. A Passion for the Deal Duvall’s enthusiasm for real estate is particularly evident in her approach to contracts and negotiations. She states, "I…

A Central Florida-based vacation rental company, IPG Franchising, has filed for Chapter 11 bankruptcy, leaving a trail of disgruntled investors, property owners, and renters. The company, which attracted investors to manage vacation rentals and handled all payments, is now facing numerous lawsuits and accusations of delayed or entirely withheld payments. The bankruptcy filing lists over 80 creditors and indicates liabilities between $1 million and $10 million against assets under $50,000. Key Takeaways IPG Franchising, a Florida vacation rental company, has filed for Chapter 11 bankruptcy. Investors and property owners allege significant financial losses due to delayed or non-existent payments. The…

Florida officials have approved the donation of nearly three acres of prime downtown Miami real estate, valued at over $66 million, to serve as the potential site for President Donald Trump’s presidential library. The decision, made by Governor Ron DeSantis and the Florida Cabinet, designates a parcel currently used as an employee parking lot by Miami Dade College. Key Takeaways Nearly three acres of prime downtown Miami real estate, appraised at over $66 million, have been approved for the Trump Presidential Library. The land is located next to the historic Freedom Tower and across from the Kaseya Center. The donation…

Buckingham Companies has successfully secured $36 million in refinancing for its Plat 4 at Research Triangle, a significant rental community located in Durham, North Carolina. This financial maneuver aims to replace the initial construction financing, paving the way for continued operations and potential future enhancements of the property. Key Takeaways Buckingham Companies obtained $36 million in refinancing for Plat 4 at Research Triangle. The loan is a floating rate, interest-only bridge loan provided by ACRE. The refinancing replaces existing construction funds from Stifel. Plat 4 at Research Triangle is a 240-unit garden-style community that came online in 2023. Property Details…

South Florida’s real estate market is experiencing a significant surge in investment, primarily driven by buyers from Latin America. These international investors are injecting substantial capital into the region, seeking stable assets amidst economic and political uncertainties in their home countries. This trend highlights South Florida’s enduring appeal as a prime destination for wealth preservation and investment. Key Takeaways Latin American investors accounted for $367 million in South Florida real estate transactions between August 2023 and July 2024. This represents 29% of all foreign real estate investments in the United States. 91% of these buyers acquire property for investment purposes,…