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Florida Trend Real Estate
The real estate investments of Florida's candidates for governor
The real estate investments of Florida's candidates for governor
This year's gubernatorial race sees a wide-open field of candidates including a billionaire developer, an affordable housing entrepreneur and a real estate heiress. As the Aug. 28 primary approaches, Bisnow took a look at the real-estate related work and holdings for Democrat candidates Andrew Gillum, Gwen Graham, Jeff Greene, Chris King, Philip Levine and Republican candidates Ron DeSantis and Adam Putnam. [Source: Bisnow]
Houses for sale in tight supply in Florida in June
Florida’s housing market reported rising median prices, fewer days to contract and a continuing tight supply of inventory in June, according to the latest housing data released by Florida Realtors. “Florida is still experiencing a shortfall in for-sale homes in many local housing markets and that continues to put upward pressure on median prices,” said 2018 Florida Realtors President Christine Hansen. See the news release from Florida Realtors and read more at Florida Weekly.
How Mayi de la Vega found success in South Florida’s luxury real estate market
Mayi de la Vega, the CEO of One Sotheby's International Realty shares how she became successful and the lessons learned along the way: "Managing so many people can be a challenge. The trick is to surround yourself with a team you can rely on to execute the company’s strategy and vision." [Source: TIME]
Black developers discuss barriers in Miami real estate
It’s hard enough being a developer in South Florida, one of the most cut-throat real estate markets anywhere. Being a black developer there does not make the job easier. On Thursday, five black real estate investors invited by the South Florida Black Economic Forum discussed the issues they face. [Source: Miami Herald]
Florida the best place to invest in a vacation home
Real estate investors looking at vacation destinations for rental investment properties could be best off focusing their search in Florida. Vacasa, which offers professional rental management for vacation homes, ranked the top 25 U.S. vacation rental markets, ranked according to capitalization rate. [Source: FOX Business]
$70,723
Price per unit Quad Property Group of New York City paid for a 44-year-old apartment complex in southwest Jacksonville. It is the third apartment complex the firm has acquired in Jacksonville in the last two years. [Source: The Real Deal]
› Rich New Yorkers are flocking to Florida. But soaring prices might offset the tax perks
The tax overhaul is fueling a luxury home boom in Florida. Prices for luxury properties in the state climbed 16 percent in the second quarter versus a year earlier, according to Bloomberg. And values for the top 5 percent of properties rose at the fastest pace in five years, even as prices in the rest of the Florida market increased only 7 percent.
› South Florida residential sales rise in all three counties
South Florida’s residential market showed continued signs of improvement. Residential sales rose in all three counties, and prices are also still on the rise – albeit at a slower pace.
› Broward jury awards $1.8 million to investor defrauded in real estate scam
A Broward jury awarded more than $1.8 million to a foreign investor who found himself swept up in a property con job. Serhan Unsal, a Turkish textile factory owner and investor, brought a civil theft suit against defendants Taner Gokalp and Ertugrul Meric.
› Jacksonville industrial development would span 3 million square feet
A Kansas City, Missouri-based company plans to buy 156 acres in Jacksonville to build three million square feet of industrial space. VanTrust Real Estate LLC expects to break ground next month and finish construction of the first building in September 2019.
Previous Real Estate Updates:
- Florida insurance market full of ‘low quality' companies, study finds
- Real estate pros say Florida's future looks bright
- What are squatters' rights? New Florida law targets occupancy fight
- Is trouble brewing in Florida's housing market? Here's what the data says
- Florida is growing. Can affordable housing keep up?
- Florida condo sales plummet despite falling prices and rise in 'motivated' sellers
- Want to get rich quick selling Florida real estate? Think again.
- New law would give new homebuyers better idea what their property taxes will be
- When will housing affordability improve? Spoiler alert: It will take some time
