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‘Living and working in Florida is like being in a toxic relationship,’ but the Northeast shows jarring differences, real estate founder says | Fortune

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‘Living and working in Florida is like being in a toxic relationship,’ but the Northeast shows jarring differences, real estate founder says | Fortune


In a candid interview, top real estate agent and founder of SYKES Properties, Erin Sykes, got real about the state of the Florida real estate market. “Living and working in Florida is like being in a toxic relationship,” she said at the ResiDay conference in an interview with ResiClub editor Meghan Malas.

Now, Skykes, whose firm showcases multimillion-dollar deals in both Florida and the Northeast, said she’s watching two Americas diverge in real time. In the Northeast, she’s seeing bidding wars have returned in commuter suburbs like Monmouth County, N.J., and mid-Long Island, where buyers still fight for an acre and an elite school district. In Florida, by contrast, she described a market in withdrawal, nursing a hangover after a flurry of activity. “Just a couple years ago, we were being love-bombed and told how great we were,” she said, citing Florida’s burgeoning status as “Wall Street South,” a new finance hub. Now, things are “flat” or even heading downward.

Home prices in Florida have fallen 5.4% year-over-year, dragged down by a glut of aging condos facing six-figure special assessments and post-Surfside safety mandates. Single-family homes, meanwhile, remain relatively resilient, she noted. She characterized the Sunshine State’s housing scene as a cycle of boom, bust, and burnout. She’s always fueled by the belief that somehow, the next round will be different.

“Now we’re being told, ‘Oh, you’re too expensive,’ and kind of being discarded,” Sykes said. “You know, the conversation changes by the day, really.”

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Noting that Florida has always been a boom-or-bust state, she said she sees signs of moderation rather than collapse. “Rather than being the boom up here and the bust way down here like we saw in 2008 and 2009, the waves are becoming flatter,” she said. While there may be a pullback in prices, “really, a 5% pullback is nothing when your house has appreciated 25%.”

For Florida, Sykes argued, even a flat market signals stability after years of breakneck appreciation—especially in Palm Beach, where home values have jumped as much as 200% in the past few years.

The challenge of dual market personalities

Sykes described jarring regional differences. In Florida as an agent, you’re “just trying to really push and pull and drag deals together, you’re getting discounts of 5%, 10%, 20% off list price,” but then in the Northeast you find yourself going into a bidding war. “It’s like having a multiple personality disorder.”

That volatility, she noted, reflects a broader split between regions that overheated during the pandemic and those returning to normal. The migration wave that sent high earners south may have turbocharged Florida’s boom but also exposed its fragility. Now, Sykes said, agents and homeowners alike are navigating two competing realities: the Northeast’s cautious recovery and the Southeast’s cooling after years of mania.

She also outlined a bifurcation within the Florida housing market: while single-family homes remain robust thanks to demand for space among incoming families, condos face mounting challenges. That’s difficult because they are “really what has been driving down the Florida market,” and they are facing new challenges from special assessments, strengthened structural regulations, and fallout from incidents like the Surfside collapse. Pre-selling of new-construction condos continues apace, she said, with West Palm Beach alone seeing many significant developments underway.​

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Sykes described a bifurcation between single-family homes and condos in Florida, since its exploding population is full of people who left Manhattan or Chicago and “wanted their own space.” She said single-family homes are doing well, and then “We’re seeing condos bifurcated, and then within that bifurcation of condos, a secondary bifurcation.”

“Florida,” she concluded, “you have to always take with a grain of salt.”



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Florida to execute man convicted in 1989 home invasion killing – WTOP News

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Florida to execute man convicted in 1989 home invasion killing – WTOP News


STARKE, Fla. (AP) — A man convicted of stabbing a woman to death during home invasion robbery more than 30…

STARKE, Fla. (AP) — A man convicted of stabbing a woman to death during home invasion robbery more than 30 years ago is scheduled to be executed Tuesday evening in Florida.

Mark Allen Geralds, 58, is set to receive a lethal injection starting at 6 p.m. at Florida State Prison near Starke. Geralds was convicted of murder, armed robbery, burglary and stealing a car and was sentenced to death in 1990. The Florida Supreme Court later vacated the sentence but affirmed the conviction, and Geralds was resentenced to death in 1992.

It would be Florida’s 18th death sentence carried out in 2025, further extending the state record for total executions in a single year.

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According to court records, Tressa Pettibone’s 8-year-old son found his mother beaten and stabbed to death on the kitchen floor of their Panama City home in February 1989. Geralds was a carpenter who had previously done remodeling work at the home.

Geralds ran into Pettibone and her children at a shopping mall about a week before the killing, and Pettibone mentioned that her husband was away on business. Geralds later approached Pettibone’s son at the video arcade and asked when the boy’s father would return and what time he and his sister left for and returned from school each day, according to court records.

Investigators found that Geralds pawned jewelry with traces of Pettibone’s blood on it, and plastic ties used to bind Pettibone matched ties found in Geralds’ car.

After a death warrant was signed last month and his execution date set, Geralds told a judge he did not wish to pursue any further appeals. The judge signed off on that decision.

A total of 44 men have died by court-ordered execution so far this year in the U.S., and a handful of executions are scheduled for the rest of the year.

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Since the U.S. Supreme Court restored the death penalty in 1976, the highest previous annual total of Florida executions was eight in 2014. Florida has executed more people than any other state this year. Another execution is planned for next week in the state under death warrants signed by Republican Gov. Ron DeSantis.

Frank Athen Walls, 58, is scheduled for Florida’s 19th execution this year on Dec. 18. He was convicted of fatally shooting a man and woman during a home invasion robbery and later confessing to three other killings.

Florida’s lethal injections are carried out with a sedative, a paralytic and a drug that stops the heart, according to the state Department of Corrections.

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© 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

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Florida wide receivers coach Billy Gonzales, RBs coach Jabbar Juluke not being retained

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Florida wide receivers coach Billy Gonzales, RBs coach Jabbar Juluke not being retained


Sources tell On3 that Florida interim head coach and wide receivers coach Billy Gonzales is not being retained on Jon Sumrall’s staff. He’s had three stints at Florida as a wide receivers coach, coming under Urban Meyer, Dan Mullen and Billy Napier.

He’s developed three first-round picks in Ricky Pearsall, Kadarius Toney and Percy Harvin. Gonzales landed top wide receiver talent out of the high school ranks, most recently five-star Vernell Brown and four-star Dallas Wilson. Both were top-50 recruits in the 2025 recruiting cycle.

Florida running backs coach Jabbar Juluke is not being retained, sources tell On3. He had been with Napier previously at Louisiana.

Gonzales stepped in as interim coach in October, when Florida fired Billy Napier after four seasons. Gonzales went 1-4 as Florida’s interim coach this season, picking up his lone win over Florida State in the regular season finale.

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“A goal of mine would be, obviously, [to] be able to stay here,” Gonzales said in his introductory press conference as interim head coach. “My first goal is to make sure we put a fantastic group of players on that football field that are going to compete and play for the University of Florida.”

Sumrall is a 43-year-old Alabama native who won two conference titles at Troy and made the American Conference title game in 2024 in Year 1 at Tulane. He won a conference title over the weekend and has the Green Wave playing in the College Football Playoff. Sumrall is 11-2 on the season and 43–11 in four years as an FBS head coach.



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Retired NYC restaurant owner charged with DUI in Florida golf cart crash that killed his wife

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Retired NYC restaurant owner charged with DUI in Florida golf cart crash that killed his wife


A retiree who once owned a quaint Queens diner was charged with a DUI after his wife was killed in a golf cart crash at their dream retirement spot in Florida late last month — while he was behind the wheel.

Angelo Theodosiou, 64, and his wife Christina Theodosiou, 58, were cruising through Nocatee, an unincorporated coastal community in Florida, on Nov. 30, when tragedy struck.

Christina Theodosiou, 58, and her husband Angelo Theodosiou, 64, retired in Nocatee, an unincorporated coastal community in Florida. Dignity Memorial

Christina Theodosiou fell from the golf cart and smacked her head against the pavement around 10:45 p.m. that night. She was transported to a nearby hospital, but succumbed to her injuries the following day, according to an arrest report obtained by Law & Crime.

Investigators observed that Angelo Theodosiou’s “eyes were bloodshot and watery and pupils displayed a reddened sclera.” Responding officers could also smell “an odor of alcoholic beverage” on him “from approximately three feet away in an open area,” according to the report.

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Angelo Theodosiou previously owned the Jackson House Restaurant in Jackson Heights, Queens. St. Johns County Sheriff’s Office

At the scene, a distraught Angelo Theodosiou refused to complete a standard field sobriety test. He also failed to submit to a breathalyzer test, according to the report.

Officials noted in the report that he was “repeatedly asked what was happening and why he was arrested” the following day.

Angelo Theodosiou’s lawyer, L. Lee Lockett, said that the widower is “heartbroken” and maintains his innocence that he wasn’t impaired the night of the accident.

Christina Theodosiou died after she fell out of the golf cart and hit her head on the ground. Dignity Memorial

“He’s distraught. He’s depressed as can be,” Lockett told the St. John’s Citizen.

Angelo Theodosiou was charged with driving under the influence and refusing to submit to police testing. He made bond and was released from jail the day after his arrest, according to Law and Crime.

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Residents in the cozy retirement hotspot told the outlet that they figured a recently opened greenway path would be bound to cause an accident sooner or later, since it’s created more congestion. Some said they’d seen some recent near-miss collisions between golf carts and e-bikes.

Angelo Theodosiou previously owned the Jackson House Restaurant in Jackson Heights, Queens, according to a 2018 article written by students at the School of the New York Times.

Angelo Theodosiou was charged with a DUI. Dignity Memorial

He and his brother ran the restaurant, which retained its original name after they purchased the property in the 1990s. Under their leadership, Angelo Theodosiou told the students that they aimed to treat every customer like “family.”

“It might sound corny, but it’s really true,” he said.

It’s unclear when he retired and made the move to the Sunshine State.

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