Author: Florida Real Estate News

A Tampa-based real estate investment firm, RAD Diversified REIT Inc., is currently under investigation by the Florida Attorney General’s Office for alleged deceptive practices. Owners Brandon "Dutch" Mendenhall and Amy Vaughn are accused of pocketing investor funds instead of purchasing properties as advertised, with one investor claiming over $121 million was stolen. Key Takeaways Florida Attorney General’s Office is investigating RAD Diversified REIT Inc. for potential violations of deceptive trade laws. Owners Brandon Mendenhall and Amy Vaughn are named in subpoenas seeking documents related to investor complaints. Investors report being unable to retrieve returns or their initial investments. Allegations suggest…

Catherine Miller, a dedicated real estate professional, has achieved a significant professional milestone. Her commitment to excellence and client satisfaction has been recognized through a specialized designation, underscoring her expertise in the Florida real estate market. This achievement highlights her advanced training and trustworthiness. Key Takeaways Catherine Miller has been recognized for her professional achievements in real estate. A Mark of Distinction Miller’s recent accomplishment signifies her dedication to upholding the highest standards in the real estate industry. This recognition assures clients that they are working with a highly trained and trustworthy professional, providing them with confidence throughout their real…

Miami’s already impressive skyline is poised for another significant addition with the recent announcement of a planned 90-story Delano condominium tower. This ambitious project aims to bring luxury residential living to the heart of the city, promising to redefine the urban landscape and offer unparalleled views. Key Takeaways A new 90-story Delano condominium tower is planned for Miami. The project signifies continued growth and investment in Miami’s luxury real estate market. Further details regarding the project’s timeline, specific location, and amenities are anticipated. A New Icon on the Horizon The proposed Delano condo tower is set to become a prominent…

Related Ross has successfully secured a $157 million construction loan for its Shorecrest condominium project in West Palm Beach. This significant financial backing from GoldenTree Asset Management paves the way for the commencement of construction on the upscale waterfront tower, a key element in Related Ross’s broader development strategy for the city. Key Takeaways A $157 million construction loan has been finalized for the Shorecrest condominium project. GoldenTree Asset Management is providing the financing. Construction is set to begin soon, with completion anticipated in 2027. Residences will be priced from $3 million. Shorecrest Project Details Shorecrest, located at 1865 North…

A significant transaction has occurred in Santa Barbara’s hospitality scene with the acquisition of the Franciscan Inn & Suites by Warren Resort Hotels, a family-owned company. This marks a new chapter for the 53-room boutique property located in the desirable West Beach district, continuing a long-standing family connection to the area’s lodging industry. Key Takeaways Warren Resort Hotels, a third-generation family business, has purchased the Franciscan Inn & Suites in Santa Barbara. The sale price was $22.5 million, representing a cap rate of just under 4% on current income. The acquisition holds deep personal significance for the Warren family, coinciding…

Broward County is facing a dual challenge: a severe housing affordability crisis that prices out essential workers and a growing wave of sophisticated real estate scams, including those leveraging AI deepfakes. These issues are straining residents and prompting new initiatives to protect property owners and increase affordable housing options. Key Takeaways Only 8% of Broward residents can afford to own a home. Two-thirds of cost-burdened residents are people of color. United Way of Broward County is leading an effort to create 2,500 affordable housing units by 2027. Broward County Property Appraiser’s Office has launched "Owner Alert" to combat property fraud.…

Florida’s ambitious Live Local Act, designed to boost housing affordability through zoning reform and incentives, is facing potential delays. A legislative dispute over accessory dwelling units (ADUs) and their use as short-term rentals has emerged as a significant hurdle, threatening to derail updates to the landmark legislation. Key Takeaways A dispute over accessory dwelling units (ADUs) and their regulation as short-term rentals is jeopardizing updates to Florida’s Live Local Act. The Live Local Act, passed in 2023, aims to increase housing affordability by streamlining approvals and incentivizing workforce housing. Legislators are considering a "glitch bill" (Live Local 4.0) to refine…

Florida’s commercial real estate market is experiencing a significant upswing, marked by a series of strategic acquisitions and substantial investments. This surge is driven by the state’s growing population, favorable economic conditions, and attractive tax environment, making it a prime destination for investors seeking high-yield opportunities in the retail sector. Key Takeaways Multiple high-value retail properties have been acquired across Florida, indicating strong investor confidence. The state’s robust population growth and dynamic economy are key drivers of this commercial real estate boom. Investors are targeting well-located, grocery-anchored centers and portfolios with strong tenant mixes. Retail Property Acquisitions Drive Market Activity…

Zillow, the popular online real estate marketplace, has once again showcased some of the most unusual properties currently on the market. This week’s "Zillow Gone Wild" features include a former bank building transformed into a unique residence and a home designed to resemble a UFO, highlighting the diverse and often eccentric nature of real estate. Key Takeaways Unique properties like former banks and UFO-shaped homes are capturing attention on Zillow. These listings demonstrate creative repurposing and unconventional architectural designs. The "Zillow Gone Wild" series highlights the extraordinary side of the housing market. A Bank Reimagined One of the standout listings…

The Florida real estate market, particularly in the condo and townhome sector across the Treasure Coast, is undergoing a notable shift. January 2026 saw a substantial increase in new listings, leading to a significant drop in median sale prices for condos and townhomes in Indian River County. This surge in inventory, coupled with existing challenges like insurance costs and financing hurdles, has created a buyer’s market in some areas. Key Takeaways January 2026 experienced the largest single-month increase in new home listings on the Treasure Coast in years. Median sale prices for condos and townhomes fell across Martin, St. Lucie,…