Author: Florida Real Estate News

Kara Wisely has been appointed as the new President of Florida Realtors, marking a significant leadership transition for the influential real estate organization. Her extensive experience and dedication to the industry are expected to guide Florida Realtors through its next chapter, focusing on advocacy, education, and member services. Key Takeaways Kara Wisely assumes the role of President for Florida Realtors. Her leadership aims to bolster advocacy, education, and member support. Wisely brings a wealth of experience to the position. A New Era for Florida Realtors Kara Wisely’s ascent to the presidency of Florida Realtors signifies a pivotal moment for the…

Core Investment Management has expanded its real estate portfolio with the strategic acquisition of Jacaranda Plaza, a prominent Publix-anchored shopping center located in Plantation, Florida. The transaction, facilitated by JLL Capital Markets, marks a significant addition to Core Investment Management’s growing assets under management. Key Takeaways Core Investment Management has acquired Jacaranda Plaza, a 175,084-square-foot shopping center in Plantation, Florida. The property is anchored by a Publix supermarket and features a strong mix of national and regional retailers. JLL Capital Markets represented the seller and also arranged the acquisition financing through U.S. Bank. Strategic Location and Tenant Mix Jacaranda Plaza…

Pacific Cruise Terminals, LLC (PCT), a joint venture formed by Carrix, Inc. and JLC Infrastructure, has been selected to spearhead the development and operation of a new cruise terminal at the Port of Los Angeles’ Outer Harbor. PCT will also oversee the redevelopment and ongoing operations of the existing World Cruise Center. Key Takeaways A new Outer Harbor cruise terminal and redevelopment of the World Cruise Center are planned. The project aims to capture more of the growing cruise business and position LA as a primary West Coast cruise gateway. The new terminal will accommodate the latest, most environmentally sustainable…

Florida’s housing market is experiencing a significant shift, influenced by a confluence of factors including a decline in Canadian "snowbird" interest and ongoing affordability challenges for retirees. While the state remains a popular destination, a surplus of available properties and a cooling demand are creating a challenging environment for sellers, particularly in popular snowbird enclaves. Key Takeaways Canadian snowbirds are increasingly hesitant to purchase or even sell Florida properties due to political sentiment and a saturated market. Southwest Florida is particularly affected, with high inventory and projected price declines. Despite market shifts, Florida continues to attract retirees due to its…

Real estate magnate Stephen Ross is spearheading an ambitious plan to transform Palm Beach County into a thriving hub for technology and innovation, aiming to rival Silicon Valley. Ross believes Florida’s business-friendly climate and lower cost of living will attract companies and professionals, particularly those looking to leave California. Key Takeaways Stephen Ross aims to make Palm Beach County the next Silicon Valley. Florida’s business-friendly environment and lack of state income tax are key attractions. Vanderbilt University and Cleveland Clinic are set to establish major presences. The initiative seeks to draw talent and investment away from high-tax states like California.…

Florida is experiencing a significant upswing in its commercial real estate sector, driven by a robust economy, continuous population influx, and advantageous tax policies. This surge is attracting substantial investment and reshaping the state’s commercial landscape. Key Takeaways Florida’s commercial real estate market is booming due to population growth, favorable tax laws, and a strong economy. High-net-worth individuals and professionals are migrating to South Florida, boosting demand for retail and mixed-use developments. Companies are relocating to Florida, further stimulating commercial property investment and occupancy. Driving Forces Behind the Surge Experts attribute the current boom to a confluence of factors, including…

Florida’s housing market is showing signs of stabilization and is anticipated to experience a rebound in 2026. Experts predict a more balanced market driven by easing mortgage rates, continued population growth, and a resurgence in international buyer interest. While 2025 presented a slower pace, the outlook for the coming year is cautiously optimistic. Key Takeaways Mortgage rates are expected to continue their downward trend, potentially reaching an average of 6% in 2026, which will improve affordability. Home sales are forecast to increase significantly, with national projections suggesting a 14% rise. Inventory levels are stabilizing, moving towards a more balanced market…

Florida’s luxury real estate sector is experiencing a significant boom with several high-profile developments and projects underway. From iconic automotive brands entering the residential space to exclusive waterfront estates, the state is attracting significant investment and catering to a discerning clientele seeking unparalleled living experiences. Key Takeaways Aston Martin is expanding its brand into luxury residences, starting with a Daytona Beach Shores tower. Fort Lauderdale is seeing new ultra-luxury condo developments like Sage Intracoastal Residences. Miami continues to attract high-end projects, including the redevelopment of historic properties like Prescott Mansion. Palm Beach is also witnessing the launch of exclusive townhome…

A legislative proposal aimed at increasing state oversight of payments insurance companies make to their parent and affiliate companies has successfully cleared its first committee hurdle. The bill seeks to address concerns that these payments can obscure profits and justify rate increases for policyholders. Key Takeaways A bill requiring state regulators to scrutinize payments insurers make to affiliates has passed a House committee. Supporters believe this measure will protect policyholders by preventing excessive fees paid to related companies. The proposal stems from a study that found billions of dollars in fees funneled to affiliates over a three-year period. Increased Scrutiny…

Hillsborough County is witnessing a significant boom in residential construction, with multiple new developments and expansions underway. From large-scale master-planned communities to apartment complexes and single-family homes, the county is poised for substantial growth in its housing sector, attracting major builders and developers. Key Takeaways Multiple new residential projects are breaking ground and expanding across Hillsborough County. Developers are focusing on a mix of single-family homes, townhouses, and apartment units. Major homebuilders like Lennar, Taylor Morrison, and Perry Homes are actively involved. New infrastructure, including parkways, is being integrated into these developments. New Master-Planned Community Takes Shape Eisenhower Property Group…