Real estate developers are getting into the space sector in Florida
Developers are increasingly turning to niche sectors as offices and some retail businesses struggle and apartment rent growth slows. Some real estate companies are building data centers to capitalize on the growth of artificial intelligence. Others are looking to space. Rockets and spacecraft are large and expensive, making it difficult to transport them to launch sites by road or train. They also require an army of suppliers. This creates demand for storage and manufacturing facilities near launch sites. (Source: Wall Street Journal)
Florida considering bill to protect buyers from moving company scams
A bill that would create new safeguards for consumers against moving company scams is on its way to a second hearing after receiving unanimous approval in its first stop in the Senate. The measure aims to make movers and the companies that connect them with customers more accountable by increasing documentation requirements and prohibiting them from holding people’s belongings for exorbitant sums. (Source: Clay today)
Gov. Ron DeSantis’ Recommended Budget Includes Millions for Property Insurance Market
Gov. Ron Desantis released his recommended budget for the upcoming fiscal year on Tuesday, which includes $109 million to support residential home mitigation programs and additional oversight of the property insurance market. Many Florida homeowners have dropped their homeowners insurance this year due to rising costs. (Source: WPTV)
Private island for sale in Florida just saw its price drop by $30 million
The bad news is that you still need that $187.5 million in reserve. Tarpon Island, a 2.3-acre private island created in the Intercoastal Waterway around Palm Beach, Florida in 1930, returned to the real estate market for the first time in 23 years in 2021. Real estate markets across the country and Florida being in the middle Following a boom, luxury real estate developer Todd Michael Glaser bought it for $85 million in July, then relisted it for $210 million a few months later in November. (Source: The street)
Messi Business: the football star’s favorite real estate in Florida
It was the biggest coup in Major League Soccer history and the hottest thing to happen in South Florida since string bikinis. In June, FIFA world champion Lionel Messi joined the David Beckham-backed Inter Miami CF team. The result was “Messi Mania,” a frenzy of interest not only in the athlete and the team, but also in South Florida itself. (Source: New York Post)
0.5%
The median Alachua County home was listed for $349,075 in November, up 0.5 percent from $347,450 the month before, according to an analysis of Realtor.com data. (Source: Gainesville Sunshine)
› Southwest Tallahassee needs more housing; what neighbors say about the situation
“The cost of living in the South is a burden.” This is Stephanie Wilson. Despite the houses that line these streets, she told me, “you don’t have a lot of options.” For now, that might be the case, but recently the Leon County Commission approved a $35 million bond issue to build 156 rental units for low-income families.
› What you need to know in Manatee: Lazy C Ranch set to build more than 1,000 homes on farmland
Manatee County commissioners have given the green light to build more than a thousand new homes on rural land previously reserved for agriculture. Commissioners discussed the development, as well as proposals for a new gas station in Palmetto and an expansion of the Ingman Marine boat dealership, during a public land use meeting Thursday.
› As homelessness rises, Orlando could invest $6 million in Christian Service Center renovation
Orlando city commissioners are being asked to approve funding for a renovation of the Christian Service Center, which would add indoor showers, mailboxes, laundry, charging stations and a long-sought comprehensive day center, creating a one-of-a-kind support facility. focused on rapid access to housing for homeless people.
› Here’s how much living space $1,700 rent gets you across Miami
A recent report revealed how much space renters could get for $1,700 in Miami-Dade County. RentCafe analyzed 43 ZIP codes in the county and found that 17 of them offer apartments under 600 square feet, while 25 neighborhoods offer living spaces between 601 and 851 square feet for $1,700, including only one reaches 1,000 square feet.
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