Friday's Daily Pulse
What you need to know about Florida today
Florida commercial real estate development and employment booming
The National Association of Industrial and Office Parks ranked Florida among the top five states in the nation for commercial real estate industry spending impact and the number of jobs the industry sustains. The total impact — combining hard costs for materials, site selection and development and soft costs such as design fees — in Florida totaled $7.6 billion last year. Direct spending on commercial real estate in Florida was topped only by New York, at $24.8 billion; Texas, with $18.5 billion; California, at $14.3 billion; and Louisiana, with $9.9 billion, according to NAIOP’s latest “Economic Impacts of Commercial Real Estate.” Read more at the Business Observer and the Jacksonville Business Journal.
» Access to real-time data and VR tech is a top concern for developers and brokers
» Investors, lenders more optimistic about real estate
» Financing, traffic and sea-level rise challenge South Florida developers in today’s market
Florida voters may get a say over casino gambling
The Florida Supreme Court is signing off on a proposed constitutional amendment that would require voter approval for new casinos. A divided court ruled 4-2 on Thursday that the amendment was not misleading and sticks to one subject. [Source: AP]
Florida residents pay 6th lowest state taxes
Florida residents have the sixth lowest state tax burden in the U.S., according to a recent WalletHub report. Florida TaxWatch president and chief executive officer Dominic M. Calabro said the low tax burden is a plus for Florida families and businesses. [Source: Florida Watchdog]
Trump spends too much time at Mar-a-Lago, voters say
President Donald Trump spends too much time at properties owned by his company, including Mar-a-Lago, according to a new Quinnipiac poll. Fifty-five percent of voters in the national survey had that opinion vs. 34 percent who did not. From the poll:
Trump spends too much time at properties owned by his company, voters say 55 - 34 percent. He does not spend enough time at the White House, 50 percent of voters say, while 2 percent say he spends too much time and 38 percent say he spends the right amount of time.
Read more at the Tampa Bay Times.
No more bear hunt in Florida until 2019
It will be 2019 before Florida holds another bear hunt. That’s how the Florida Fish and Wildlife Conservation Commission voted Wednesday. The state agency agreed instead to re-examine the state’s bear management plan over the next two years. [Source: WLRN]
› Florida cruise bookings swell 20 percent
Cruise ships are a familiar sight at Port Canaveral, looming on the horizon low and large as you cross over the Banana River. Expect to see more, because it’s already been a good year for Florida’s cruise industry.
› Voting rights for ex-felons in Florida closer to getting on the ballot
The Florida Supreme Court ruled Thursday to approve the language of a proposed state ballot initiative to restore those rights, paving the way for its placement on the November 2018 ballot.
› Delta Airlines wins $6 million judgment against Orlando businessman
Delta Airlines has won a $6 million judgment against Orlando businessman Douglas Mark Fletcher, in a lawsuit that accused Fletcher of using Delta’s logo to sell fake vacation packages.
› Tampa Bay home values rise at second-highest rate among top metro areas
Tampa Bay had the second largest increase in home values over the past year of the country's 35 largest metro areas. Zillow data released Thursday indicated that bay area home values jumped 11.4 percent from March last year to $183,300, second only to Seattle at $426,300.
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