July 20, 2019
Florida neighborhood ranks best for real estate buying and investing


Florida Trend Real Estate

Florida neighborhood ranks best for real estate buying and investing

| 8/6/2018

Florida neighborhood ranks best for real estate buying and investing

A real estate research firm has picked a neighborhood in Southwest Florida as the "best neighborhood" in the United States based on schools, crime and other factors. The Pine Ridge neighborhood in Naples, Florida, was the nation's best based on six criteria: affordability, home price appreciation, school scores, crime rates, unemployment rates and property taxes. More from the AP and National Mortgage Professional Magazine.

Margy Grant Margy Grant

Florida Realtors picks its next CEO

Florida Realtors has chosen its next CEO. The statewide professional group said Thursday that its chief operations officer and general counsel, Margy Grant, will become CEO on Jan. 1, taking over from the retiring Bill Martin. See the announcement from Florida Realtors, here. Also read more at the Sarasota Herald-Tribune.

Kroger moves into Florida with shopping center purchase

It’s a Lucky’s Market that’s coming to Delray Beach. Not Kroger. Speculation arose this week that Kroger, the Ohio-based grocery giant, might return to Florida after a real estate affiliate acquired Delray Commons in Delray Beach in two transactions totaling $17 million. More from the South Florida Sun-Sentinel, Chainstore Age, and Food Dive.

Crackdown on dirty money shook Miami real estate. Now, Rubio wants to take it national

In a move with significant implications for the U.S. housing market, Florida Republican Sen. Marco Rubio is seeking to take a Treasury Department crackdown on dirty money in luxury real estate and expand it from a few high-priced enclaves to the entire nation. [Source: Miami Herald]

Is Southwest Florida’s water quality impacting real estate?

As thick algae and dead fish was up along Southwest Florida’s shores by the thousands, people are staying away from the beach. So it may come as no surprise: people aren’t coughing up the money to buy houses in Southwest Florida either. [Source: WINK News]

The 34102 ZIP code had 13 home sales in March for $2 million or more. [Source: Naples Daily News]


› CREC, a specialist in reviving retail centers, buys a healthy one in Tallahassee
Principals of CREC diversified from their usual turnaround strategy by acquiring a fully occupied strip shopping center in Tallahassee for $15.9 million. Hobby Lobby, CVS and Bonefish Grill are anchor tenants at the shopping center, located northeast of Florida State University amid golf courses, country clubs and gated communities.

› St. Pete city council approves controversial Bezu condo tower
The controversial Bezu condo tower downtown won the go-ahead from city council Thursday despite impassioned pleas from opponents, some of whom came from as far away as Oregon and Maine.

› VyStar closes on purchase of downtown Jacksonville building
VyStar Credit Union has completed its $59 million purchase of a 23-story building downtown. The building at 76 S. Laura St. was under renovation before VyStar purchased what is now SunTrust Tower from Main Street Capital Partners. The deal closed Tuesday. Also read more at the Florida Times Union.

› Summer heat has not cooled interest in Bonita Springs, Estero markets
According to the Bonita Springs-Estero REALTORS Media Committee, Realtor.com reported over 7 million search result page views in the Bonita Springs and Estero markets for the month of June, as well as an average of 118 views per active listing.

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