Author: Florida Real Estate News

CIM Group has recently celebrated the completion of its second multifamily project in Los Angeles’ vibrant West Adams neighborhood. This new development, named The Read, follows closely on the heels of another CIM project, Coro, underscoring the company’s commitment to expanding housing options in the area. Key Takeaways CIM Group has completed The Read, a 75-unit apartment building with ground-floor retail in West Adams. This project marks CIM’s second multifamily completion in the neighborhood within a month, following the opening of the 168-unit Coro. The Read offers modern amenities and convenient access to major Los Angeles destinations and transportation networks.…

Levin Johnston of Marcus & Millichap has successfully guided a private investor in acquiring two newly constructed commercial properties for a total of $9 million. The assets, located in Texas and Florida, are both subject to long-term, absolute triple-net (NNN) leases with major multinational restaurant chains. This strategic reinvestment of capital aims to meet the investor’s tax and management objectives while diversifying their portfolio. Key Takeaways A private investor acquired a Chipotle Mexican Grill in Florida and a Chick-fil-A in Texas for a combined $9 million. The acquisitions were part of a 1031 exchange, following the sale of a multifamily…

Florida’s real estate market, while vibrant, presents a complex landscape of legal and ethical considerations for professionals and consumers alike. Recent cases highlight the critical importance of adherence to disclosure laws, proper handling of funds, and the severe consequences of misconduct, including license revocation and criminal charges. Understanding these nuances is paramount for maintaining integrity and trust within the industry. Key Takeaways Disclosure is Crucial: Sellers and licensees must disclose known material facts affecting property value, even in "as is" sales. Failure to do so can lead to fraud allegations. Licensee Accountability: The Florida Real Estate Commission (FREC) actively disciplines…

Luxury automotive brand Aston Martin is expanding its global real estate portfolio with the announcement of a new residential development in Daytona Beach Shores, Florida. This marks a significant step in the brand’s strategy to extend its ultra-luxury lifestyle beyond automobiles, partnering with Valor Real Estate Development for this ambitious project. Key Takeaways Aston Martin is launching its first residential tower outside of South Florida in Daytona Beach Shores. The 18-story development will feature 86 luxury residences, including double-height penthouses. The project emphasizes a holistic design approach, integrating Aston Martin’s DNA into the living spaces. Completion is anticipated by 2029,…

Savvy real estate investors are quietly focusing their attention on specific markets within Florida and Texas, anticipating strong returns and steady appreciation in 2026. These Sun Belt cities are attracting attention due to robust job markets, consistent population growth, and favorable living costs, presenting compelling opportunities for those looking to invest. Key Takeaways Dallas and San Antonio in Texas, alongside Jacksonville, Cape Coral, and Port St. Lucie in Florida, are identified as prime investment targets. These markets benefit from strong job growth, population influx, and lower living costs compared to other major U.S. regions. While national market trends show stabilization,…

Florida’s housing market kicked off 2026 with robust momentum, reporting significant year-over-year increases in closed sales, new pending sales, and new listings. This positive start signals a strengthening market, offering more options for buyers and encouraging activity for sellers, with inventory levels showing notable improvement. Key Takeaways Sales Momentum: Both single-family homes and condo/townhouse sales saw healthy year-over-year increases in January 2026. Rising Inventory: New listings are up significantly, providing buyers with more choices and contributing to a healthier market balance. Pending Sales Surge: A consistent rise in new pending sales over several months indicates sustained buyer interest. Price Stabilization:…

Santa Maria Brickell continues to be a sought-after address in Miami, attracting discerning buyers who prioritize lasting quality, thoughtful design, and an exceptional lifestyle. This established waterfront community in South Brickell offers a unique blend of expansive grounds, attentive service, and spacious residences, setting it apart in the dynamic Miami real estate market. Key Takeaways Irreplaceable waterfront land and expansive grounds offering unique amenities. Service-oriented environment akin to a private country club. Spacious floor plans designed for comfortable living. Exceptional value compared to newer, high-priced developments. A distinct sense of "home" and tranquility. Irreplaceable Waterfront Land and Space Santa Maria’s…

Hillsborough County is offering property tax relief to homeowners and businesses impacted by Hurricanes Helene and Milton. This relief aims to ease the financial burden on residents as they focus on recovery and rebuilding efforts following the devastating storms. Several measures have been implemented to provide financial assistance and flexibility during this challenging period. Key Takeaways Catastrophic Event Tax Refund: Homeowners whose primary residences were uninhabitable for 30 or more days due to the hurricanes may be eligible for a proportional tax refund. Homestead Exemption Protection: Damaged properties can retain their homestead exemption for up to five years if the…

A new survey, "The Truth About Agents 2026," is inviting real estate professionals to share their experiences and insights. The annual survey aims to uncover current trends in marketing expenditures, the effectiveness of training programs offered by managing brokers, and how agents’ incomes compare to their peers. Key Takeaways Marketing Strategies: The survey seeks to understand where agents are allocating their marketing budgets in the current year. Training and Development: Insights into the pulse of training initiatives from managing brokers are a key focus. Income Benchmarking: Agents will have the opportunity to compare their earnings with industry averages. Participate and…

A prominent South Florida real estate figure, known for his "Sell to Bobby" commercials, experienced a terrifying home invasion early Friday morning. Burglars broke into his Northwest Miami-Dade residence while he and his family were asleep, stealing a luxury vehicle and other valuables. The incident has left the family feeling violated and unsafe in their own home. Key Takeaways The home of Bobby Suarez, CEO of SelltoBobby.com, was burglarized. Two intruders entered the gated residence around 3 a.m. A Porsche and other personal items were stolen. The burglars were seen searching the children’s rooms. Suarez is offering a $50,000 reward…