SOUTH FLORIDA NEWS - Boca Raton

New York Company Sells Land for $24M Boca Raton Redevelopment

Mutual of America Life Insurance Company, a New York-based financial firm, has sold its 11.7-acre campus in Boca Raton for $23.75 million. A major shift is underway in the Boca Raton redevelopment scene.The buyer? A partnership made up of Palm Beach Gardens-based Ram Real Estate, Coconut Creek-based Butters Construction & Development, and Fort Lauderdale's Altman, a subsidiary of BBX Capital Corp.

Located at 1150 NW Broken Sound Parkway, this deal marks the beginning of a major Boca Raton real estate transformation. Instead of expanding their presence in Boca with a new corporate headquarters, Mutual of America decided to pull back and lease space elsewhere. This opened the door for a new, mixed-use redevelopment plan to take shape.

What the…

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Zillow Climate Risk Scores Pulled After Realtor Backlash

Zillow recently removed Zillow climate risk scores from over a million listings across the country. The feature, created in partnership with First Street Foundation, gave buyers easy access to risk data for floods, fires, heat, wind, and air quality.

But after pressure from real estate groups, especially the powerful California Regional Multiple Listing Service (CRMLS), Zillow quietly rolled back the tool. Now, users only see a link to the data offsite, a major shift in transparency.

Here’s what happened, why it matters, and how it affects homebuyers in climate-sensitive areas like South Florida.

What Were Zillow Climate Risk Scores?

Zillow launched its climate risk tool in late 2025. introducing Zillow climate risk scores to help users…

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How Airplane Noise and Home Values Are Connected

Airplane noise might seem like just a background inconvenience, but a 2024 working paper from the  National Bureau of Economic Research  shows it can have a measurable impact on home prices. The study analyzed thousands of home sales and flight path changes across the U.S. to better understand the connection between airplane noise and home values.

This issue is especially relevant in South Florida, where major airports like MIA, FLL, and PBI are located near residential neighborhoods. For homebuyers and sellers in these areas, it's important to know how noise exposure can influence pricing, buyer behavior, and property demand. Understanding how airplane noise and home values interact can help in making better real estate decisions.

Why Airplane…

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Tesla’s Robotaxi in South Florida Could Change How We Get Around

Self-driving cars are no longer a future fantasy, they’re hitting the streets of Florida. Tesla's Robotaxi in South Florida is poised to reshape how people move through cities like Miami, Boca Raton, and beyond. With state laws already supporting autonomous vehicles and tech giants racing to expand, South Florida is becoming a major testing ground for this transportation revolution. In this article, we’ll look at where Tesla's Robotaxi is launching, which companies are leading the autonomous vehicle space, how local laws support innovation, and what all this means for life and real estate in the region.

What Is a Robotaxi and Why It’s Coming to South Florida?

Tesla's Robotaxi refers to its autonomous ride-hailing service that uses vehicles equipped…

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How Chinese Investment in Florida Real Estate Is Changing in 2025

Foreign interest in Florida property is nothing new, but 2025 has brought fresh challenges and renewed demand. Chinese investment in Florida real estate is growing quickly, even as new laws create major barriers for buyers.

Legal changes and court rulings have added confusion to the market, while international buyers rush to act before restrictions tighten again. This article breaks down the key legal developments, buyer activity trends, and what these changes could mean for the South Florida real estate market.

Chinese Interest in Florida Property Surges Despite Restrictions

Interest from Chinese Investment in Florida Real Estate continues to rise, with cities like Shenzhen leading global online searches for Miami real estate. According to the…

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Canadian Mattress Brand Boosts Boca Raton Commercial Real Estate

Essentia Organic Mattress, a leading Canadian manufacturer of organic sleep products, has made a significant move by establishing its U.S. headquarters and first manufacturing facility in Boca Raton, Florida. This $5.55 million investment brings attention to the expanding opportunities in Boca Raton commercial real estate. With a combined office, factory, and showroom now fully operational, Essentia’s move highlights the city’s growing appeal for international companies seeking strategic locations in South Florida.

Essentia Organic Mattress Expands to Boca Raton

Essentia Organic Mattress selected Boca Raton for its U.S. headquarters and manufacturing facility in part due to the personal connection of its founder and CEO, Jack Dell'Accio, who has…

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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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How to Choose a Luxury Realtor® in Boca Raton

Looking for the right luxury realtor in Boca Raton? Whether you're buying or selling a high-end home, the agent you choose can make or break your experience and your bottom line. With Boca Raton’s upscale market booming, it’s more important than ever to work with someone who not only understands the local luxury scene but also delivers white-glove service every step of the way.

In this guide, we’ll walk you through what defines a true luxury realtor, where to focus your search in Boca Raton, red flags to avoid, and why so many buyers and sellers trust The Mastropieri Group, Realtors for top-tier service and results.

What Makes a Realtor® ‘Luxury’?

Not every agent is equipped to handle the demands of luxury real estate. Luxury realtors in Boca…

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Top Things to Do in Boca Raton: A Guide for Visitors & Locals

The gorgeous community of Boca Raton lies nearly 50 miles to the north of Miami in the Palm Beaches. This place was originally formed in the early 20th century as a primary resort in South Florida. Boca Raton has subsequently grown into a desired destination of beautiful beaches, parks, cultural attractions, and an exciting dining scene. Architect Addison Mizner was a central figure in giving Boca its character especially with the designing of the city's hallmark town hall, Mizner Park, and the grand Mediterranean-styled pink "castle," the Boca Raton Resort & Club, which stands tall today as a landmark.

Boca Raton, or "Boca," as the locals fondly call it, is the second-largest city in Palm Beach County. It is celebrated for its wildlife conservation…

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Boca Raton Real Estate Market Update 2025: What You Need to Know NOW

It seems that at the tail end of 2024, the South Florida real estate market had some big changes compared to a year ago. From increased home prices to increased days on the market, here's a closer look at the leading trends shaping buying and selling in the Boca Raton area.

Home Prices on the Rise

• The average sale price is up 23% year-over-year, standing at $1,127,794 in December 2024 from $919,885 in December 2023.

• The median sale price increased by 3%, growing from $580,000 to $594,950 year-over-year.

• Year-to-date, the average sale price rose 24% and the median sale price was up 11%.

This uptick in price is representative of continued demand across all segments but especially within the luxury markets as…

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