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Florida Insurance Company in Settlement Over Bogus Hurricane Claims

Florida Insurance Company in Settlement Over Bogus Hurricane Claims

by Phil Hall | Apr 3, 2025 | Uncategorized

Florida Attorney General James Uthmeier has secured $4 million in fines from Universal Property & Casualty Insurance Company (UPCIC) to resolve allegations that the company fraudulently submitted numerous ineligible claims for reimbursement from the Florida...
Foot Locker Moves HQ from NYC to St. Petersburg, Florida

Foot Locker Moves HQ from NYC to St. Petersburg, Florida

by Phil Hall | Mar 31, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Foot Locker Inc. (NYSE: FL), the footwear and apparel retailer, is relocating is global headquarters from New York City to a 110,998-square-foot office in St. Petersburg, Florida. The company, which first announced its relocation plans last summer, has signed a lease...
Florida Home Sales Down Despite Rising Inventory Levels

Florida Home Sales Down Despite Rising Inventory Levels

by Phil Hall | Mar 20, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Florida recorded a total of 17,698 closed sales of single-family homes in February, down 7% from one year earlier, while existing condo-townhouse sales totaled 6,503, down 13% year-over-year. According to data from Florida Realtors, the decline in sales was seesawed...
Florida Lawmakers Consider Accessory Dwelling Units to Solve Affordable Housing Shortage

Florida Lawmakers Consider Accessory Dwelling Units to Solve Affordable Housing Shortage

by Phil Hall | Mar 17, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Florida legislature is considering the use of accessory dwelling units (ADU) to help solve the state’s affordable housing shortage. News Service of Florida reports panels within the state’s House and Senate passed bills that would enable localities to allow the...
Tampa Bay Rays Drop Effort to Develop New $1.3 Billion Stadium

Tampa Bay Rays Drop Effort to Develop New $1.3 Billion Stadium

by Phil Hall | Mar 13, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The melodrama surrounding the Tampa Bay Rays’ plans for a new stadium took another turn with the team announcing it will not continue the development of a new $1.3 billion, 30,000-seat venue in St. Petersburg, Florida. ESPN reports the team cited the expensive delays...
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