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Tampa Bay Rays Warn They May Never Move Into New Stadium

Tampa Bay Rays Warn They May Never Move Into New Stadium

by Phil Hall | Nov 20, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The owners of the Tampa Bay Rays said the team will not be able to move into their planned new stadium for the 2028 season, and there is a good chance they may never relocate to the new venue. The Associated Press reported the team’s executives informed Florida’s...
Florida Home Sales Dip While Prices Hold Steady

Florida Home Sales Dip While Prices Hold Steady

by Phil Hall | Oct 23, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Closed sales of existing single-family homes in Florida totaled 18,721, down 12.3% year-over-year, while existing condo-townhouse sales totaled 6,655, down 20.7% year-over-year, according to data from Florida Realtors. The statewide median sales price for...
Forecast: Property Damage from Hurricane Milton Could Cost up to $50 Billion

Forecast: Property Damage from Hurricane Milton Could Cost up to $50 Billion

by Phil Hall | Oct 16, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Insured industry losses to onshore property for Hurricane Milton could range from $30 billion to $50 billion, according to a forecast from the Extreme Event Solutions group at Verisk (NASDAQ: VRSK). The new forecast noted the back-to-back impact of Hurricane Helene...
Hurricane Milton Arrives in Florida

Hurricane Milton Arrives in Florida

by Phil Hall | Oct 9, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Hurricane Milton has reached Florida as a Category 3 storm and is on track to create billions of dollars in damages. According to combined media hurricane reporting, this is the first major hurricane to strike Florida’s Tampa Bay since 1921. The Tampa Bay metro area...
The Agency Opens New Office in Orlando

The Agency Opens New Office in Orlando

by Phil Hall | Oct 8, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The global real estate brokerage The Agency has opened its fourth Florida office in Orlando. The new locale, known as The Agency Orlando, follows the company’s Sunshine State offices in Miami, Palm Beach and Naples. The office will be led by Managing Partner Brian...
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