Florida
South Florida Real Estate Spotlight: Developers, Lenders & Investors Break Down Today’s Market
As South Florida experiences a surge of home migration and inbound funding, a whole lot of actual property builders, lenders, and traders attended the 2023 Annual Bilzin Sumberg Improvement Convention in Miami to discover the newest tendencies driving the regional market.
Panels coated all the things from sustainability and transit-oriented improvement, to rental redevelopment and strategies for successfully structuring joint ventures. A candid dialog between Rialto Capital Administration CEO Jeff Krasnoff and Bilzin Sumberg’s Actual Property Group Chair, Suzanne Amaducci, delved into the dynamics unfolding in particular asset lessons, and what financial uncertainty means for the trade.
The annual gathering brings collectively policy-makers, planners, builders, lenders, traders, and attorneys from South Florida and past who’re desirous to develop their data of the area’s numerous and sophisticated actual property market.
Nationwide Builders Align With Native Companions
One of many clearest paths for out-of-market traders seeking to enter the South Florida market is the creation of a three way partnership relationship with a locally-based agency. These joint ventures are a possibility to marry nationwide improvement and funding experience with a deep understanding of the subtleties current within the native market.
South Florida-based companions deliver relationships with native consultants, public officers, potential traders, and neighborhood nonprofits – all of which will be useful in securing approvals and executing a improvement.
Whereas the thought of working alongside a neighborhood agency could also be interesting, structuring the partnership accurately is essential to realizing success, in accordance with Bilzin Sumberg Companion David Resnick, who makes a speciality of negotiating and structuring actual property joint ventures in Florida and nationally.
“Allocating threat in the course of the pre-development section, navigating capital stack shortfalls, and negotiating exit methods are among the many realities of a three way partnership,” mentioned Resnick. “How an entity is conceived and structured from the beginning can go a great distance towards delivering all companions a wholesome return on their funding, in addition to guaranteeing all events have a transparent understanding of, and an agreed upon roadmap to resolving, potential points that will come up later within the partnership.”
“As a litigator with experience in resolving actual property associated disputes, it’s essential to have paperwork which are particular as nicely. Whilst you won’t need to take a look at it, I do, and I need to be certain it’s drafted with no room for ambiguity,” added Jake Greenberg, Bilzin Sumberg Actual Property Litigation Companion.
The Getting older Condominium Conundrum: Alternatives for Redevelopment
Condominium redevelopment has grow to be an particularly interesting area of interest for joint ventures. As South Florida’s actual property market has matured and demand for housing intensifies, the area is dealing with a shortage of developable land.
Couple that demand with current laws addressing condominium security and budgets which is rendering some older communities ‘functionally out of date,’ and builders and traders are more and more pursuing the redevelopment of present condominiums.
When residents can not afford to fund particular assessments and repairs or resolve to monetize the worth of their property, it presents a possibility for South Florida builders to deal with a brand new, modernized use that may meet calls for in in the present day’s market.
“Main assessments mixed with a coming prohibition on waiving reserves might be a wakeup name for condos, and we’re seeing many communities go down the trail of termination and redevelopment as a way for assuaging pricey repairs and realizing the worth of their property,” in accordance with Carter McDowell, a Companion in Bilzin Sumberg’s Land Improvement and Authorities Relations Follow, who guides purchasers via the rental redevelopment course of.
Navigating a Altering Improvement Panorama
With South Florida experiencing extra home migration than some other state, probably the most urgent questions dealing with native residents is methods to safe attainable housing. Builders wish to fulfill this demand by structuring inventive price fashions and planning and zoning methods.
Municipalities are additionally taking part in a major function by ushering in privately-developed housing on publicly-owned land.
To make sure that all events are benefiting from these public-private partnerships, builders are working with authorities authorities to enhance public transit methods and facilities.
One instance is Grove Central, a partnership between Terra and Grass River Property, which is bringing transit-oriented improvement to Miami’s Coconut Grove neighborhood, adjoining to Miami-Dade County’s Metrorail system and alongside the brand new Underline linear park.
Because the panorama for underwriting offers and lending is altering, builders are on the lookout for methods to mitigate development pricing and insurance coverage prices.
Sustainability and resiliency have additionally been high of thoughts for brand spanking new tasks, as private and non-private sectors plan for the longer term.
“It’s essential that we incorporate local weather resilience options and sustainable enhancements for the neighborhood in an effort to actually make these tasks a win-win for the federal government from a tax and income standpoint, and likewise for the encircling neighborhood and its residents,” mentioned Terra’s CEO David Martin.
TAMPA – Jesuit High School senior quarterback Will Griffin always idolized Florida Gator football legend Tim Tebow.
“I look up to him,” Griffin said.
However, it’s Tebow that is now looking up at Griffin, at least when it comes to the high school football record books.
What they’re saying:
“He’s definitely the once in a career type of player,” Jesuit head coach Matt Thompson said. “You don’t really get it that much. Not as a quarterback. I have not had a quarterback be as special as Will.”
In the first game of the 2025 season, Griffin surpassed the 10,000 passing yards career milestone. He is just the 10th player in high school football history in the sunshine state to ever join that club, according to MaxPreps. Tebow finished his career at Nease High School with 9,765 passing yards.
“10,000 was amazing,” Griffin said. “It is really hard to do that. I’ve got to remind myself that I go out here and play for the team. I am not playing for myself or the stats that follows. If you can have a good team around you and a great defense to get you the ball, a great offense that can score, the stats will naturally come.”
The backstory:
It certainly helps he was able to play varsity football as a seventh and eighth grader under Tampa Bay Buccaneers legend Mike Alstott at Northside Christian. Griffin makes it clear; however, he does not deserve all of the credit for hitting this mark.
“I wouldn’t be here if it wasn’t for the offensive line,” Griffin said. “If it wasn’t for the receivers catching my passes. If it wasn’t for the running backs running touchdowns to open up the pass. A lot of things go into it.”
READ: State Basketball Championships moving to Jacksonville after decades in Lakeland
A lot of things go into his success, but Jesuit head football coach Matt Thompson says Griffin has a lot of the traits to be successful.
“He has all of the measurables,” Thompson said. “[He has] the size, the speed, the strength and the arm strength as a quarterback. His football IQ is outstanding. He understands the game. He understands the offense. He understands the defense. He’s a total package.”
The University of Florida was impressed with those abilities and offered him a scholarship. For the kid who grew up watching the Gators on fall Saturdays, it’s a dream come true.
Going to Gainesville
“It’s just home,” Griffin said. “It felt like the right place for me to be. Very excited. I want to get there. I want to help out. I want to contribute. I want to play really badly.”
However, at this moment, Griffin just wants to soak in his last few months as a high school football player.
“I am trying to enjoy it as much as I can because I know it’s going to end soon,” Griffin said. “I want to make sure I take in every moment.”
That’s because Griffin wants to be remembered not for his stats but for who he is as a person.
“I want people to remember me more as a leader rather than going to Florida,” Griffin said. “I want it to be more like, ‘He was a leader. He gave everything to the team. He never quit. He never gave up.’”
Griffin will enroll early at Florida. He was the first commit for Billy Napier in the 2026 recruiting class.
The Source: The information in this story was gathered by FOX 13’s Mark Skol, Jr.
Florida
Thousands of Northeast Florida students, community members pour out support for Charlie Kirk at vigil
ST. JOHNS COUNTY, Fla. – Students and community members from across Northeast Florida gathered Sunday evening at Veterans Park to honor conservative activist Charlie Kirk, who was killed last week while speaking at Utah Valley University.
The vigil that brought out thousands was organized by student-led chapters of Turning Point USA, including groups from the University of North Florida, Jacksonville University, Creekside High School and St. Augustine High School.
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Kirk, who co-founded Turning Point, was known for his rallies, debates and outspoken presence on college campuses across the country.
“Somebody that inspired me, somebody who made me want to voice my own opinion and how I feel about things going around in the world and my beliefs,” Abigail Venuto said.
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Students who talked with News4JAX said the event honored Kirk’s legacy.
“We honored his movement,” Jaden Duffey said.
Mourners lit candles and left flowers and handwritten messages at the vigil.
Duffey, former president of Creekside High School’s Turning Point USA chapter, urged unity.
“We’re in the midst of a political escalation,” he said. “Everybody needs to de-escalate and we’re not alone. We’re unified as Americans and that’s the most important thing.”
Duffey said during his time with Creekside chapter he had the chance to meet Kirk several times over breakfast.
“Someone who has accumulated millions of followers it was just stunning,” Duffey said. “Then you realize that he’s a very humble person inside.”
Duffey said he was in disbelief when he first heard the news of Kirk’s death. He said there were lots of calls and conversation leading up to Sunday’s vigil.
The St. Johns County Sheriff’s Office acknowledged the vigil in a social media post earlier in the day, saying deputies would have a “large law enforcement presence” at the park and surrounding area as a precaution.
“We’ve got to calm down,” Duffey said. “We have to bring back the American way – the first amendment right, allowing people to just disagree with one another no matter how passionate it is but violence is never the option.”
Copyright 2025 by WJXT News4JAX – All rights reserved.
The No. 18 South Florida Bulls play against the No. 5 Miami Hurricanes in a college football game today. The matchup is scheduled to begin at 3:30 p.m. CT on The CW Network. Fans can watch this game for free online by using the free trial offered by DirecTV.
The Bulls enter this matchup with a 2-0 record, and they have already defeated two ranked opponents this season. In their most recent game, the Bulls defeated Florida 18-16.
During the victory, Byrum Brown led the South Florida offense. He completed 23-36 passes for 263 yards and a touchdown, so he will look to perform similarly this afternoon.
Notably, Brown led the team in rushing with 66 yards on the ground.
The Hurricanes also enter this matchup with a 2-0 record, and they are coming off a 45-3 win against Bethune-Cookman.
During the victory, Carson Beck led the Miami offense. He completed 22-24 passes for 267 yards and two touchdowns, which highlights his arm talent.
Beck has thrown for four touchdowns and nearly 500 yards this season, so he will try to continue his offensive success today.
Fans can watch this college football game for free online by using the free trial offered by DirecTV.
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