Author: Florida Real Estate News
A Florida-based real estate investment company, Sterling Organization, has acquired the Bristol Plaza, a significant shopping center located on Farmington Avenue in Bristol, Connecticut. The acquisition, made on behalf of the company’s $600 million institutional value-add fund, Sterling Value Add Partners IV, signals the firm’s intent to leverage its expertise to increase the property’s overall value. Key Takeaways Sterling Organization, headquartered in West Palm Beach, Florida, has purchased the Bristol Plaza. The 263,000 square-foot shopping center is anchored by Stop & Shop and features national tenants like T.J. Maxx, Burlington, Five Below, and Starbucks. The company plans to enhance the…
The Florida House of Representatives has passed a proposed constitutional amendment that would phase out non-school property taxes for homesteaded properties starting January 1, 2027. The vote, largely along party lines, now sends the proposal to the Florida Senate, where its future remains uncertain due to significant resistance and alternative proposals being considered. Key Takeaways The Florida House approved a joint resolution to place a constitutional amendment on the November 2026 ballot that would eliminate non-school property taxes on homesteaded properties. The measure passed with a 80-30 vote, with all Republicans in favor and all Democrats opposed. The Florida Senate…
European hospitality giant Kempinski Group is making its highly anticipated U.S. debut with the launch of Kempinski Residences Miami Design District. This marks the brand’s first branded residential project in the United States, signaling a significant expansion into the American luxury market. The development promises to bring Kempinski’s renowned European elegance and legendary service to Miami’s vibrant Design District. Key Takeaways Kempinski Group, Europe’s oldest luxury hospitality brand, is entering the U.S. market with its first branded residences. The project features two 20-story towers offering 132 condominiums, six townhomes, and 17 guest suites. Residences will range from two to four…
Related Urban Development Group and Miami-Dade County have successfully completed the fourth phase of the Liberty Square redevelopment in Miami. This significant milestone, known as Serenity at Liberty Square, introduces 193 new affordable housing units to the Liberty City neighborhood, marking a substantial step forward in revitalizing the historic community. Key Takeaways The completion of Serenity at Liberty Square adds 193 affordable housing units, including public housing and workforce housing options. This phase brings the total number of completed units at Liberty Square to 793, with public-private investment exceeding $220 million. The redevelopment aims to transform the 60-acre site into…
A Tampa-based real estate investment firm, RAD Diversified REIT Inc., and its owners, Brandon “Dutch” Mendenhall and Amy Vaughn, are currently under investigation by Florida Attorney General James Uthmeier’s Office. The probe centers on allegations of violating the state’s Deceptive and Unfair Trade Practices Act, with concerns that investor funds may not be used for property acquisition as advertised. Key Takeaways RAD Diversified REIT Inc. and its owners are being investigated for potential deceptive practices. Subpoenas have been issued, demanding documents by July 18. The investigation stems from multiple investor complaints. Investigation Details The Attorney General’s office has issued subpoenas…
The South Florida real estate market is presenting a nuanced picture in early 2026, with distinct trends emerging across different property types and counties. While some areas see robust activity and price appreciation, others are experiencing declines, creating a complex environment for both buyers and sellers. Key Takeaways Broward County’s condo market continues to lag, with falling median prices and a slight dip in sales volume. Palm Beach County’s condo market shows strength, driven by a high percentage of cash buyers and increasing sales pace. Miami-Dade County’s condo market remains steady, with stable prices and increased inventory indicating a buyer’s…
A new $1 billion real estate fund is set to target acquisitions and developments in South Florida, primarily in Palm Beach and Boca Raton. The initiative is a collaboration between 1789 Capital, an investment firm with which Donald Trump Jr. is affiliated, and the local luxury real estate firm Frisbie Group. Key Takeaways 1789 Capital, co-founded by Omeed Malik, is partnering with Frisbie Group for its first foray into commercial real estate. The fund aims to attract significant investor interest, with initial reports suggesting around $1 billion. Donald Trump Jr. is a partner at 1789 Capital, and the firm has…
Central Florida’s housing market is poised for a positive shift in 2026 as experts anticipate improved conditions for both buyers and sellers. With a national trend of migration to the Sunshine State and factors like falling interest rates and greater inventory, the region’s real estate landscape appears to be turning the corner after a sluggish 2025. Key Takeaways 2026 expected to bring lower interest rates and more inventory to Central Florida’s housing market. Migration from states such as the Carolinas, Virginia, Georgia, and parts of the Midwest remains strong. Both buyers and sellers can expect a more balanced market. First-time…
West Palm Beach is experiencing a significant influx of high-net-worth individuals and corporations, solidifying its status as "Wall Street South." This trend is driving demand for premium, year-round residences. In response, the Mandarin Oriental Residences have officially launched in West Palm Beach, marking a new era of luxury living and reflecting the area’s growing prominence as a dynamic luxury market. Key Takeaways West Palm Beach is emerging as a major hub for wealthy individuals and businesses. The Mandarin Oriental Residences offer a new standard in luxury waterfront living. The development features architecture by Safdie Architects and interiors by Studio Munge.…
West Palm Beach is experiencing a significant influx of high-net-worth individuals and corporations, solidifying its status as "Wall Street South." This trend is driving demand for premium, year-round residences. Reflecting this shift, the Mandarin Oriental Residences have launched, marking a new era of luxury living in the burgeoning "Billionaire Corridor." Key Takeaways West Palm Beach is becoming a prime destination for wealthy individuals and businesses. The Mandarin Oriental Residences offer ultra-prime, full-time living. The development features architecture by Safdie Architects and interiors by Studio Munge. Pricing starts at $3.5 million for two-bedroom residences. A New Standard in Waterfront Living The…