Author: Florida Real Estate News

TerraCap Management, a real estate investment firm headquartered in Naples, Florida, has expanded its portfolio with the acquisition of Tresa at Arrowhead, a significant apartment development located in Glendale, Arizona, a suburb of Phoenix. The transaction, valued at $82.16 million, adds 360 units to the firm’s growing multifamily holdings. Key Takeaways Florida-based TerraCap Management acquired the 360-unit Tresa at Arrowhead apartment complex in Glendale, Arizona. The sale price was $82.16 million, equating to $228,219 per unit. The seller in the transaction was Hamilton Zanze & Co. Strategic Acquisition in a Growing Market The acquisition of Tresa at Arrowhead marks a…

Reality television personality Tyler Cameron is making waves in the Florida real estate market with a new luxury waterfront development on Hutchinson Island. Known for his appearances on "The Bachelorette," Cameron is now leveraging his real estate license to pitch an ambitious project featuring 24 townhomes in what he describes as "Florida’s last frontier." Key Takeaways Tyler Cameron, a "Bachelorette" alum and licensed real estate agent, is involved in a new luxury development. The project, located on South Hutchinson Island, includes 24 waterfront townhomes. Cameron presented the development concept to Ryan Serhant, founder of the Serhant brokerage. A New Frontier…

Brothers Oren, Tal, and Alon Alexander, prominent figures in the luxury real estate market, have been found guilty on all counts in a Manhattan federal court sex trafficking trial. The convictions follow a five-week trial where eleven women testified against the defendants, who lured victims with promises of lavish experiences before allegedly drugging and assaulting them. Key Takeaways Oren, Tal, and Alon Alexander were convicted of conspiracy to commit sex trafficking and sex trafficking by force, fraud, or coercion. Alon and Tal were also found guilty of sex trafficking of a minor. Alon and Oren were convicted of aggravated sexual…

Harbor Group International’s 55 Broadway has seen significant leasing activity in the past six months, securing 77,000 square feet of new commitments and renewals. Notably, several new tenants are relocating from buildings slated for residential conversion, highlighting a growing trend in Lower Manhattan’s office market. Key Takeaways 55 Broadway has leased 77,000 square feet in the last six months. New tenants are moving from properties planned for residential conversion. Existing tenants have also renewed leases and expanded their spaces. The building is well-positioned to benefit from a tightening office supply. Robust Leasing Activity CBRE has facilitated several office leases totaling…

Fort Lauderdale’s luxury real estate market is experiencing a subtle transformation in early 2026. While prices at the top remain strong, the market is being reshaped by disciplined buyers, rising inventory, and a focus on value and precision. Key Takeaways The ultra-luxury ($5M+) segment is slowing, with more inventory and longer selling times Price gaps between listing and sale are widening, making realistic pricing crucial Location, risk clarity, and condition define which properties move fastest New developments are raising standards and adding healthy competition Out-of-state buyers, especially from high-tax markets, remain active but selective Demand Shifts Toward Data-Driven Decisions Buyers…

Miami-Dade County is at the center of a heated debate over property taxes, with proposals in Tallahassee aiming to significantly reduce or eliminate them for homeowners. This potential shift could lead to substantial savings for some residents but also raises serious concerns about the future of county services and the overall housing market. Key Takeaways Eliminating non-school property taxes on primary residences could cost Miami-Dade County over $900 million annually. Proposed tax cuts could inadvertently increase home values, potentially making homeownership more expensive. Buyers need to understand how property taxes are calculated, as they can differ significantly from previous owners’…

The Florida State Board of Administration (SBA) has announced a significant new real estate pacing plan, dedicating $2 billion for strategic investments in fiscal year 2026. The move highlights the pension fund’s sustained focus on real estate as a core component of its diversified portfolio. Key Takeaways Florida SBA commits up to $2.1 billion for real estate in FY 2026 $1.2 billion set aside for core real estate assets; $900 million for non-core Continued focus on residential, industrial, and medical office properties Real Estate Investment Breakdown For the fiscal year starting July 1, 2025, Florida SBA plans to allocate up…

A South Florida real estate investor has been arrested and charged with two felony counts, accused of exploiting a disabled senior with dementia. Authorities allege that Igor Shlafman, 54, orchestrated the theft of the 75-year-old victim’s Hollywood condominium, subsequently moving the man into squalid living conditions in a dilapidated mobile home. Key Takeaways A real estate investor is accused of stealing a disabled senior’s condo. The victim was allegedly moved into a "deplorable" mobile home. The senior, diagnosed with dementia and other health issues, reportedly received no proceeds from the condo sale. Allegations of Exploitation Broward County Property Appraiser Marty…

The United States housing market is experiencing a widening gap between the number of new households forming and the pace of new home construction. Despite steady demand driven by various age groups, a decade-long trend of underbuilding has led to a significant housing shortage, impacting affordability and market dynamics. Key Takeaways Household formation is robust across different age demographics, including older adults and middle-aged families. The U.S. has been underbuilding housing since at least 2012, resulting in a cumulative deficit of over 4 million homes by 2025. New construction starts in 2025 fell short of the number of new households…

The Fort Lauderdale luxury real estate market is experiencing a quiet but significant shift in the first quarter of 2026. Driven by a combination of rising inventory, more discerning buyers, and increased financial scrutiny, the market dynamics are evolving. This report delves into the key factors influencing pricing, negotiation power, and sales timelines, offering insights for both buyers and sellers. Key Takeaways The $5M+ market is slowing, with longer absorption cycles and thinner liquidity in the $10M+ segment. A notable gap exists between list prices and actual sales, with many properties undergoing price reductions. Market velocity is selective, favoring well-located…