Thursday's Afternoon Update
What you need to know about Florida today
Florida's housing market continues momentum
Florida's housing market continued its upswing in May, with higher closed sales, more pending sales, rising median prices, more new listings and a lower inventory of homes for sale, according to the latest housing data released by Florida Realtors. Across the country, existing home sales last month rose 13 percent since May 2012 to their highest point since the tax stimulus in late 2009, the National Association of Realtors said Thursday morning. More at the Tampa Bay Times and Florida Realtors.
How Florida administrators are preparing for Common Core
Florida schools have one more academic year to fully get ready for Common Core State Standards. This new way of teaching is designed to better prepare students for college and a career. Thousands of teachers are getting help from the Florida Department of Education at training sessions this summer – studying a different way to guide student learning. More at StateImpact Florida.
Jaguars, city deal to feature largest video scoreboards in the world
Four-and-a-half months after their vision was unveiled, the Jaguars and city of Jacksonville agreed to terms Wednesday on a $63 million EverBank Field improvement project that will feature the largest video scoreboards in the world. More at the Florida Times-Union.
Miami turns to superstar developers to carry out long-stalled redevelopment
Can superstar developers Jorge Perez and Stephen Ross reignite long-stalled plans to build a luxury hotel complex, shopping center and mega marina on Watson Island? The Miami City Commission is willing to bet on it. More at the Miami Herald and Miami Today.
Bank purchase in Florida portends more Chilean investment in the U.S.
It's the biggest investment yet by a Chilean company in the United States. When the deal closes for Chile's Banco de Credito e Inversiones, or Bci, to buy City National Bank of Florida for $882.8 million, it will be the largest outlay ever from that relatively small South American nation in a U.S. business. More at the South Florida Sun-Sentinel.
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