SOUTH FLORIDA NEWS - Larry Mastropieri

Mamdani’s Win Fuels Palm Beach Luxury Real Estate Surge

The market just recorded its strongest contract week since August, with 29 high-end properties going under contract between November 10 and November 16. The Palm Beach luxury real estate market saw $235 million in asking volume during that period, a sharp jump from the previous week’s $67.7 million across just 10 contracts. The surge closely followed New York City’s election of Zohran Mamdani as mayor, a shift that’s prompting many wealthy buyers to explore options in South Florida.

Inside the Palm Beach Luxury Real Estate Market Surge After Mamdani’s Win

New Yorkers are taking notice of Mamdani’s progressive policies, which include a multi-year rent freeze and a 2% millionaire tax. High-income residents, especially those earning over $1 million…

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2025 South Florida Economic Incentives Fuel Corporate Growth

 In 2025, local and county governments across South Florida approved millions of dollars in performance-based economic incentives to bring in high-paying jobs, major corporate headquarters, and long-term investments. 

These South Florida economic incentives are designed to reward companies only after they meet specific job creation and wage targets. The approach is already reshaping the region’s business landscape, drawing major players like ServiceNow, Banco Santander, and BioStem, and fueling growth in industries such as biotech, finance, data infrastructure, and artificial intelligence.

What Are South Florida Economic Incentives?

South Florida economic incentives are public funds or tax benefits provided to businesses that choose to relocate,…

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Breaking Down the Trump 50 Year Mortgage Proposal

In November 2025,  President Donald Trump introduced the idea of a 50-year mortgage as a solution to housing affordability issues. The Trump 50 year mortgage proposal suggests extending the standard mortgage term from 30 years to 50 years to help more Americans qualify for home loans by reducing their monthly payments.

Framed as a "common-sense idea," Trump said this plan could help everyday Americans achieve the American Dream of homeownership by making monthly housing costs more manageable. While the proposal is not yet official policy, it has already sparked nationwide debate among housing experts, lawmakers, and real estate professionals. 

What Is the Trump 50 Year Mortgage Proposal?

In early November 2025, Donald Trump introduced the idea of…

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Jeff Greene Lawsuit Could Cost West Palm Beach $1 Billion

The legal dispute between billionaire developer Jeff Greene and the City of West Palm Beach could cost the city up to $1 billion. The Jeff Greene lawsuit is centered around his stalled twin-tower luxury condo project in the Northwood district. After two years of delays following planning board approval in 2023, Greene filed a lawsuit in October 2025, alleging political retaliation and unlawful interference.

What Sparked the Jeff Greene Lawsuit?

Jeff Greene is no stranger to West Palm Beach real estate. The billionaire developer and Palm Beach resident has invested heavily in the area. His latest project, two 30-story towers near Currie Park, was supposed to be another signature addition to the city skyline. But things didn’t go as planned.

The…

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Live Local Act Florida Updates and What They Mean

The Live Local Act Florida, passed in 2023, is a state law aimed at increasing affordable and workforce housing by giving developers zoning and tax incentives. The law allows taller, denser buildings and faster approvals if developers set aside 40% of their rental units for households earning up to 120% of the area median income (AMI). In return, developers receive substantial property tax breaks and reduced parking and zoning restrictions.

Why the Live Local Act Florida Was Created?

Florida faces a long-running affordable housing crisis. Rents have soared, especially in cities like Miami, Fort Lauderdale, and West Palm Beach. Many essential workers, teachers, nurses, firefighters, fall into what’s called the "missing middle," earning too much to…

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Inside the Fort Lauderdale Waterfront Real Estate Surge of 2025

In April 2023, Fort Lauderdale was slammed by a once-in-a-millennium rainstorm. Over two feet of water fell in just hours, flooding roads, homes, and even shutting down the airport. But instead of backing down, the city stepped up. With billions in new development and infrastructure on the way, Fort Lauderdale waterfront real estate is more in demand than ever in 2025.

The Storm That Sparked a Transformation of the Fort Lauderdale Waterfront

That storm was a wake-up call. Thunderstorms stalled over Fort Lauderdale, dropping more than 25 inches of rain. Entire neighborhoods flooded, and major roads became rivers. It was one of the worst climate-related events the city had ever seen.

In response, city leaders launched the Fortify Lauderdale…

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Commercial Real Estate in Deerfield Beach Sees Aerospace Growth

Deerfield Beach continues to gain momentum, fueled by the expansion of a major aerospace supplier. Commercial real estate in Deerfield Beach is benefiting as Planestocks LLC, a family-owned, global provider of aviation components, has signed a long-term lease to more than double its footprint within the Hillsboro Technology Center. This strategic move highlights the growing demand for industrial space across South Florida and reinforces Deerfield Beach’s appeal as a hub for high-tech manufacturing and distribution operations.

Planestocks LLC Signs Major Lease in Hillsboro Technology Center

Planestocks LLC is increasing its space from 15,615 square feet to 30,859 square feet. The expansion, located at 386 Hillsboro Technology Drive, is expected to be…

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Major Boca Raton Redevelopment Scaled Back After Public Pushback

The plan known as the One Boca project has been significantly revised following strong opposition from residents. The Boca Raton redevelopment plan, originally a massive proposal for the 31-acre City Hall site, has now been dramatically scaled back, prioritizing public green space over dense construction. The developers, Terra and Frisbie Group, altered their plans after more than 7,000 residents signed a petition, triggering a 2026 referendum.

The One Boca Raton Redevelopment: Background and Original Plans

The One Boca project was introduced in early 2024 to revamp the aging City Hall complex at 201 W. Palmetto Park Road. Positioned near the Brightline Boca Raton station, the plan aimed to create a walkable civic and residential hub.

Originally,…

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How NYC Politics Sparked a $100 Million Florida Real Estate Boom

A major political shift in New York City has set off more than $100 million in Florida real estate contracts, as high‑income New Yorkers look for stability and better financial conditions. New policies introduced by NYC’s newly elected mayor, Zohran Mamdani, are pushing many buyers and businesses to consider life outside the city.

Developers across South Florida are reporting their busiest months in years, and places like Boca Raton are actively attracting new residents and companies with lower taxes, strong economic growth, and a business‑friendly environment.

The result is a fast‑growing $100 million Florida real estate boom, and South Florida is leading the trend.

NYC Elects Mayor Zohran Mamdani

In 2025, New York City voters elected Zohran…

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Real Estate Success Story West Palm Beach

Janis Radwinsky Sold Her Home & Bought a New One in Just Four Weeks

Selling your home and buying another almost always involves multiple steps and can take months. Having a professional Realtor®, however, can simplify the process and significantly reduce the time it takes. From local expertise to trusted industry connections, Realtors® in West Palm Beach have the experience and resources you need to sell your home faster.

The Mastropieri Group turned that concept into reality, showcasing exceptional professionalism and client success. This inspiring story of Janis Radwinsky highlights how Joy Mastropieri and Larry Mastropieri helped her sell her longtime home and move into her dream property in just four weeks.

The Real Estate Success Story…

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