SOUTH FLORIDA NEWS - south florida

Top Things to Do in Boynton Beach for Visitors and Locals

While Boynton Beach may not be among your top five South Florida cities to visit, it should be! Here is why: great beaches, memorable restaurants, and lots of outdoor fun. In this article, we will be putting forward a few suggestions on why you should consider visiting or even living here. Further, the city is not being left behind in making Boynton more aesthetically attractive with the Boulevard Streetscape Improvement Project, adding shops, dining, and fun activities. All these changes would only make Boynton Beach a better place to come around and live in.

 Boynton Beach Events and Festivals

The events happening throughout the year bring the community together, and most festivals and celebrations here are an absolute memory that one…

4687 Views, 0 Comments

Why South Florida’s Housing Market Is Booming Despite Record-High Prices

South Florida’s real estate market has been defying national trends and continues to attract deep-pocketed buyers, even as home prices reach unprecedented levels. In an era when rising interest rates and economic concerns have slowed housing activity across much of the country, South Florida’s housing market has surged ahead, particularly in Miami-Dade and Broward Counties.

Despite record-high home prices, affluent buyers are drawn to the region for its unique lifestyle, economic opportunities, and tax advantages. So, why are homebuyers flocking to South Florida, and what makes this market stand out?

 A Resilient Market with Growing Demand

April marked a significant shift in South Florida’s real estate landscape, with a noticeable uptick in home…

1101 Views, 0 Comments

Major Lakeshore Plaza office building sold at $17 million loss in Broward

In a significant transaction that reflects the evolving landscape of the commercial real estate market, Galium Capital recently purchased the Lakeshore Plaza II office building in Sunrise, Broward County, for $17 million. This sale comes at a steep discount, as the property’s value has dropped nearly 50% from its last sale price of $32 million in 2013. The deal highlights the challenges suburban office buildings face as remote and hybrid work models become more prevalent, but it also underscores the potential for recovery through strategic investment.

A Closer Look at the Transaction

The seller, TR Lake Shore Plaza LLC, an affiliate of Charlotte-based Barings Real Estate, was represented by a team from CBRE and Blanca Commercial Real Estate. The…

1875 Views, 0 Comments

Boca Raton Company Aims to Cool Cities with Heat-Absorbing Concrete

As temperatures rise every year, cities, especially in South Florida, are facing intense heat waves that make life increasingly uncomfortable. The hottest day ever recorded was on July 22, 2024, breaking a previous record set in July 2023, according to NASA’s global temperature data. These temperature increases are particularly problematic in urban areas, where dense structures and surfaces like concrete and asphalt absorb and trap heat, creating what’s known as the urban heat island effect.

But a Boca Raton-based company, Carbon Limit, is stepping up with a sustainable solution to help cool down cities and mitigate the effects of climate change. Their newest innovation, CoolCrete, is a concrete additive that not only helps cool urban environments but…

2056 Views, 0 Comments

Sea-to-Lake Estate in Manalapan Hits Market at $85M—More Than Double Its 2020 Sale Price

The barrier island community of Manalapan, once considered a quieter neighbor to Palm Beach, is making waves in the luxury real estate market. The latest property to catch attention is a stunning ocean-to-lake estate at 640 S. Ocean Blvd., which has just hit the market for an eye-popping $85 million—a price that includes furnishings. This listing marks one of the highest-priced residential properties ever listed for sale in Manalapan.

What’s even more striking is that the property, completed in 2019, was sold just four years ago in 2020 for $36.05 million, meaning its price has more than doubled in value. The $85 million price tag is reflective of the dramatic rise in real estate values in Manalapan, particularly during the pandemic, when many…

1015 Views, 0 Comments

West Palm Beach’s Historic District Faces New Wave of Waterfront Development

The historic Northwood Harbor district in West Palm Beach, a community over a century old, is experiencing a surge in waterfront development, sparking both excitement and concern. Once overlooked, this neighborhood along North Flagler Drive has caught the attention of developers eager to capitalize on the growing demand for luxury living, especially following the pandemic’s shift in buyer preferences.

The Rise of New Developments

Within the past year, numerous high-rise luxury condominium proposals have emerged for an eight-block stretch adjacent to Northwood Harbor. Construction has already begun on the 22-story Alba Palm Beach condominium, and adjacent plots are now being eyed for further development.

Alba Reserve, a new luxury project…

2270 Views, 0 Comments

South Florida Condo Crises Explained: What's Driving the Soaring HOA Expenses? (VIDEO)

Introduction

The South Florida condo crises has been making headlines lately. Condo owners are facing a major problem with rising HOA expenses, and it's causing a lot of concern in our beautiful coastal area. The situation is complicated, but here's what's happening: a combination of expensive insurance rates and other financial challenges are putting a strain on homeowners' finances.

In this blog post, we'll explore the various issues that are contributing to this financial problem. From the risk of hurricanes to insurance companies leaving the market, these factors are causing HOA costs to go up significantly. It's important for both condo owners and associations to understand what's behind these increases so they can find ways to deal with…

6039 Views, 0 Comments

South Florida Condo Market Update | Insights April 2024 (VIDEO)

Larry Mastropieri, the esteemed broker and owner of The Mastropieri Group, offers a comprehensive and insightful analysis of the current condominium market in Broward and Palm Beach County, Florida. As an expert deeply entrenched in the local real estate dynamics, Larry starts his presentation by setting a calm but serious tone, reassuring condo owners that while the market is indeed shifting, it is not yet a cause for panic.

Throughout his update, Larry methodically breaks down the latest statistics which paint a vivid picture of the current state and possible future trends in condominium sales within these regions. Beginning with an overview of condo listings, he highlights a troubling divergence between active listings and pended/sold…

1277 Views, 0 Comments

South Florida's Culinary Gems: Seven Local Eateries Shine on Yelp's Top 100 of 2024

In a thrilling announcement for food enthusiasts, Yelp has unveiled its Top 100 Places to Eat in the U.S. for 2024, and South Florida's dining scene is basking in the spotlight. With a diverse array of cuisines and experiences, seven local restaurants have carved out their places on this prestigious list, underlining the region's culinary richness and innovation.

Leading the pack, Fratellino in Coral Gables captures the hearts of diners with its authentic Italian dishes, securing the No. 5 spot. This cozy establishment is celebrated for its intimate atmosphere and expertly crafted menu, inviting guests to savor the tastes of Italy right in South Florida.

At No. 34, Amy’s French Bakery in Pompano Beach offers a slice of Paris with its exquisite pastries and…

643 Views, 0 Comments

Gumbo Limbo Nature Center - Boca Raton - Video Tour

Welcome to the enchanting Gumbo Limbo Nature Center and FAU Marine Science Lab, nestled in the heart of East Boca Raton. This tour promises a rich blend of educational and natural experiences, revealing why this center is an essential component of South Florida's ecosystem.

At Gumbo Limbo, education and research synergize, contributing significantly to local habitats. A jewel among its offerings is the Tropical Hardwood Hammock, a rare ecosystem found on barrier islands. Here, visitors immerse themselves in the diversity of native flora and fauna, gaining a unique perspective on the region's ecological richness.

The Butterfly Garden is another highlight, showcasing a variety of wild butterflies. This living exhibit exemplifies the center's…

1344 Views, 0 Comments