Author: Florida Real Estate News

Bain Capital Real Estate and 11North Partners have jointly acquired a significant portfolio of ten open-air retail centers spanning Florida and South Carolina for approximately $395 million. This strategic acquisition, primarily anchored by Publix supermarkets, underscores the partners’ focus on high-growth, necessity-based retail markets in the Southeast. Key Takeaways Bain Capital Real Estate and 11North Partners acquired 10 open-air retail centers for $395 million. The portfolio is located across Florida (Fort Lauderdale, Orlando, Tampa, Palm Beach) and Charleston, South Carolina. Seven of the ten centers are anchored by Publix, with a strong mix of national and daily-needs tenants. The combined…

Mill Creek Residential has officially broken ground on Modera Downtown Boca, a significant new development poised to introduce over 300 homes to the vibrant core of Boca Raton. This project marks a notable addition to the downtown area, promising a unique living experience with a wide array of amenities. Key Takeaways Modera Downtown Boca, a joint venture between Group P6 and Mill Creek Residential, has commenced construction. The development will feature over 300 homes, including studio, one-, two-, and three-bedroom units, penthouses, and townhomes. Residents can expect high-end finishes and a comprehensive suite of community amenities. The project is anticipated…

Orlando’s real estate market is showing signs of renewed activity as mortgage interest rates have fallen to their lowest point this year. This development, coupled with a slight increase in sales and a stable median home price, offers a positive outlook for both buyers and sellers as summer concludes. The Orlando Regional REALTOR® Association highlights these trends, suggesting a potential boost to market affordability and buyer confidence. Key Takeaways Mortgage interest rates dropped to 6.5% in July, the lowest of 2025. The median home price remained steady at $389,999. Overall sales saw a modest increase of 1.5% from June to…

For Miami Beach homeowners considering a sale, the upcoming winter season is shaping up to be an opportune moment. Data suggests that strategic timing, coupled with current market dynamics, could lead to faster sales and more favorable pricing. International buyers and seasonal residents typically increase demand during this period, and projected interest rate drops are expected to further boost buyer purchasing power. Key Takeaways Winter is a peak selling season in Miami Beach due to the influx of international buyers and snowbirds. Projected interest rate decreases are anticipated to enhance buyer affordability and demand. Different price tiers experience varying optimal…

Alexander Gomez, a former surgical technician, has achieved remarkable success by inventing D-HELP, a disposable, battery-powered heating device designed to keep surgical lenses clean during procedures. His company, New Wave Surgical, was acquired for over $100 million, marking a significant entrepreneurial triumph born from a simple observation in the operating room. Key Takeaways Alexander Gomez invented D-HELP, a device that prevents surgical laparoscope lenses from fogging. New Wave Surgical, the company founded by Gomez, was acquired for over $100 million. Gomez’s inspiration stemmed from observing a low-tech solution to a high-tech problem in operating rooms. The Genesis of an Idea…

Florida lawmakers are actively exploring significant changes to the state’s property tax system, a move championed by Governor Ron DeSantis. The proposals aim to provide property tax relief, but concerns linger about the potential impact on essential local services and the overall affordability crisis. Key Takeaways Lawmakers are considering various property tax reform options, including eliminating taxes on primary residences or significantly increasing homestead exemptions. Concerns exist that reducing property tax revenue could lead to cuts in public services like education and public safety. Homeowners are experiencing rising insurance costs, which some argue is a more pressing affordability issue than…

Leadership Ocala Metro (LOM) continues its mission to foster community engagement and leadership development through its comprehensive programs. Designed for both high school juniors and adult professionals, LOM aims to deepen participants’ understanding of their local area and encourage active contribution to its growth. The initiative highlights the lasting connections and mentorship opportunities that emerge from its cohorts. Key Takeaways LOM offers distinct programs for high school juniors and adult professionals. Both programs focus on local community understanding and engagement. Scholarships are available for the adult program’s course fee. Program fees cover meals, transportation, and an annual alumni dinner. Participants…

A Tampa-based real estate investment firm, RAD Diversified REIT Inc., is currently under investigation by Florida Attorney General James Uthmeier’s Office for alleged violations of the state’s Deceptive and Unfair Trade Practices Act. The probe centers on claims that the company and its owners may be misappropriating investor funds instead of acquiring properties as advertised, with suspicions of a Ponzi scheme. Key Takeaways Florida Attorney General James Uthmeier’s Office is investigating RAD Diversified REIT Inc. and its owners, Brandon “Dutch” Mendenhall and Amy Vaughn. The investigation stems from multiple investor complaints alleging inability to retrieve returns or principal investments. Authorities…

In today’s dynamic real estate landscape, a recent analysis highlights a crucial trend: experienced top agents consistently outperform their less seasoned counterparts, especially when markets shift. This phenomenon is attributed to a combination of honed skills, strategic investment in business development, and a deep understanding of market cycles, allowing them to adapt and succeed where many others falter. Key Takeaways Experience Breeds Resilience: Agents with a proven track record across different market conditions are better equipped to handle fluctuations. Skillset Over Salesmanship: Effective agents prioritize understanding client needs, fears, and motivations over mere talking. Strategic Marketing is Crucial: Top agents…

Grupo T&C has received the green light from the City of Miami’s Urban Development and Review Board for its ambitious Edge House Miami project. This 56-story luxury condominium tower, located in the vibrant Edgewater neighborhood, marks a significant development in Miami’s booming real estate market. Construction is underway, with an anticipated completion in late 2028. Key Takeaways Grupo T&C’s Edge House Miami, a 56-story luxury condo tower, has been approved by the City of Miami. The project is located in the Edgewater neighborhood and is slated for completion in the fourth quarter of 2028. Sales for the 608 units have…