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A Florida Future Fund Would Upgrade State’s Crumbling Infrastructure, Protect Natural Resources
As a state on the front lines of climate change, Florida needs to upgrade its crumbling infrastructure and invest in innovative energy, transportation, and flood protections to withstand sea-level rise and more extreme weather
Diaz-Balart Secures $616 Million in CDBG Recovery Funds for Florida
Congressman Mario Diaz-Balart (FL-25), Chairman of the Transportation, Housing and Urban Development Appropriations Subcommittee, issued the following statement after the Department of Housing and Urban Development (HUD) released $615,922,000 to the state of Florida as part of the Community Development Block Grant-Disaster Recovery Program (CDBG-DR).
Florida Keys Insurance Agent Charged with Fraud and Grand Theft
CFO Jimmy Patronis and the Florida Department of Financial Services (DFS) announced the recent arrest of Richard Joseph Girard, a licensed insurance agent and owner of A-Rated Insurance Group. Girard allegedly submitted a policy application for property insurance for a Key Largo client but provided fictitious supporting documentation that falsified the age of the roof of the property. As a result, Citizens Insurance accepted the application, initiated a policy and Girard received commission on the successful insurance sale
Sales and median price increase as interest rate dips during Orlando’s peak homebuying season
Orlando home sales increased 14 percent in May compared to May of 2016 while the median price jumped 7.4 percent, reports the Orlando Regional REALTOR® Association. Inventory continued its year-over-year slide and dropped by 16.8 percent, but a small relief was found in the 1.2 percent increase in the number of homes available in May compared to April.
U.S. Rep. Castor’s Statement on the Threat to Florida’s Environment and Economy Under Pres....
U.S. Rep. Kathy Castor (FL14), elected officials, activists and experts stood together on the shore of Tampa Bay on the seven-year anniversary of the Deepwater Horizon blowout, to speak out in strong opposition to President Trump’s elimination of the Tampa Bay Estuary program, clean water, clean air and NOAA coastal resource initiatives under his proposed budget
Sales activity versus available inventory drive Orlando’s supply of homes to its lowest point...
Buyer activity during the month of March pushed the supply of homes available for purchase in Orlando to just 2.48 months’ worth, the lowest since May of 2013 and swinging the market pendulum further towards favoring sellers. Housing economists consider six months of supply to indicate a market that is balanced between buyers and sellers.
Sentinel Concierge FL Launches New Website
Leading concierge service provider, Sentinel Concierge FL, launched a new website to help clients gain easy access to their services and information on how concierge services can make life easier. Leading Florida based personal concierge services provider, Sentinel Concierge FL, has announced the launch of its brand new website
The Boulder Group Arranges Sale of Single Tenant Net Leased Walgreens
The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Walgreens property located at 3505 University Blvd W in Jacksonville, Florida for $5,150,000.
The Boulder Group Arranges Sale of Triple Net Lease Bob Evans Property
The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant Bob Evans property located at 105l El Jobean Road in Port Charlotte, Florida for $1,904,000
Orlando’s First Earth Fare to Anchor Luxury Mixed-Use Project
Crescent Communities, a leading developer in Orlando for more than 20 years, announced today the purchase of a 4.6-acre site slated for a walkable mixed-use development in Downtown Orlando. The site was formerly owned by Orlando Health.
Capital Pacific Sells Burger King in Spring Hill, FL
Capital Pacific, a leading retail investment brokerage firm, recently represented the seller of a 3,510 SF Burger King located on the southeast corner of Spring Hill Drive and Anderson Snow Road, in Spring Hill, FL. The property was sold all-cash for $1,305,000 to a non-1031 buyer
Orlando home sales jump 7 percent; median price rises 14 percent as inventory continues...
Sales of homes in Orlando experienced a year-over-year increase of 7.32 percent for the month of August, reports the Orlando Regional REALTOR® Association. The jump occurred amid yet another double-digit decrease in inventory, which continues to contribute to the area’s sustained rise in median price.
Robert Muszynski named vice president of finance for the Orlando Regional REALTOR® Association
Robert is responsible for administering the financial and cash management affairs of the 12,500-member association. His duties include overseeing the accounting department, preparing for annual budget and audit activities, and serving as the staff liaison to ORRA’s budget/finance and investment committees.
REALTORS® recommend real-estate friendly candidates for election
The Orlando Regional REALTOR® Association has released a list of area candidates that it, Florida REALTORS®, and the National Association of REALTORS® are supporting for election to public office on August 30. The REALTOR® organization recommends candidates who are sensitive to issues related to real estate, homeownership, and private property rights
South Florida’s World-Renowned Multiculturalism Fueling Home Sales
Of the 500,000 new residents who moved to the Miami, Broward, Palm Beach metro area over the last five years, about 65 percent (335,000) came from other countries, according to new U.S. Census data. South Florida boasts the highest-in-the-nation share of foreign home sales ($6.1 billion in total sales volume in 2015) and unprecedented international allure (South Florida is the most searched U.S. destination by international consumers on Realtor.com).
Orlando median price continues upward trek as buyer demand for homes outstrips inventory
The inventory of Orlando homes available for purchase took another tumble in February, slowing year-over-year sales by 5 percent and driving a double digit increase in median price.
JTHS Council Endorses Dorothy Jacks for Palm Beach Property Appraiser
The Jupiter-Tequesta-Hobe Sound Council of the MIAMI Association of REALTORS® endorses Dorothy Jacks in the election for Palm Beach County property appraiser. The JTHS Public Policy Committee unanimously voted to support Jacks on Feb. 3
Westwood Financial Corp. Adds Seventh Florida Shopping Center to Firm’s Southeast Portfolio
Westwood Financial Corp. (WFC), one of the largest privately held owner-operators of grocery-anchored retail properties in the United States, announced today its acquisition of the Shoppes at Milestone, a fully-leased shopping center located in an emerging neighborhood of Pensacola, Florida at 2144-2176 West Nine Mile Road
Rainbow Recognized for Achievement in Affordable Housing
Rainbow Housing Assistance Corporation (Rainbow), a nonprofit organization that provides service-enriched housing programs for residents of rental housing communities throughout the country, was honored at the recent Novogradac 2016 Tax Credit Housing Developers Conference in Miami Beach, Florida, alongside The Reliant Group during the 2016 Developments of Distinction Awards ceremony for their exceptional achievement in affordable housing development
Orlando housing market ends 2015 with a 15 percent increase in annual sales; 9...
Orlando’s 2015 median price ($178,788) finished a healthy 9.02 percent higher than the 2014 annual median price ($164,000), thanks to a full 12 months of year-over-year price increases. Sales for 2015 finished 15.46 percent above the cumulative total sales for 2014.
“We saw several significant trends in 2015,” says Orlando Regional REALTOR® Association President John Lazenby, Colony Realty Group, Inc., “most notably a very active and extended spring-summer homebuying season that saw year-over-year increases leap as high as 40 percent in July.
