June 21, 2025

florida

Investors

Dreamers still optimistic on Orlando baseball despite possible Rays sale

The Orlando Dreamers say they’re pressing forward on their efforts to bring Major League Baseball to Orange County – even as their most immediate path to do so may be slipping away. Wealthy investors pushing for an Orlando club had eyes on the Tampa Bay Rays, but on Wednesday the team announced it was entering into

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Loans

Government-backed loans fuel private equity takeover of Florida mobile home parks

ORANGE COUNTY, Fla. – Federal mortgage giants are helping corporate investors acquire mobile home communities across Florida, leading to dramatic lot rent increases, a News 6 investigation revealed. Florida leads the nation with 235 private equity-owned mobile home parks containing nearly 56,000 lots, according to data from the Private Equity Stakeholder Project, a nonprofit research

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Investors

Investors’ condo buying hits one of the lowest levels in 10 years

Investors’ condo purchasing has dropped to one of its lowest levels in the past 10 years — in a shift driven largely by their retreat from Florida, a new study shows. The analysis, conducted by real estate brokerage firm Redfin, examined county-level home purchase records across 39 of the most populous U.S. metropolitan areas dating

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Finance

Lawsuits battle for control of Jimmy Buffett’s $275 million estate

WATCH: Latitude Margaritaville Daytona Beach’s last new home The world’s first Jimmy Buffett-themed “55-and-older” active adult community recently sold its 3,73rd and final new home in Daytona Beach. “Margaritaville” icon Jimmy Buffett’s widow, Jane Buffett, is battling a co-trustee for control of the late singer’s estate. Jane Buffett said co-trustee Richard Mozenter has not acted

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Crypto

Cryptocurrency Billionaire Sells His South Florida Penthouse for $28.6 Million

Adam Weitsman is the billionaire owner/CEO of Upstate Shredding – Weitsman Recycling, a scrap metal processing company in Owego, New York. He is also the founder and owner of Viridium LLC, a cryptocurrency mining company. Weitsman recently sold his two-story penthouse on Florida’s Sunny Isles Beach for $28.6 million. His home is featured this week

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Banking

Huntington launches commercial banking in Florida

Huntington Bancshares is joining a wave of out-of-state banks that are seeking to take advantage of Florida’s growing economy. The Columbus, Ohio-based bank announced Thursday that it will continue to expand its footprint, starting with middle-market services anchored in Fort Lauderdale. Huntington’s commercial banking push in Florida follows major investments to scale its business in

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Funds

DOGE cuts millions in funds for HIV research at Florida universities

Those working to end the HIV epidemic say this cut in funding will have a ‘devastating impact.’ Protesters against planned National Institutes of Health funding cuts The Trump administration’s push to slash funding at the National Institutes of Health has been temporarily blocked by a federal judge. About $42 million of the terminated grants were

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Crypto

Noah Urban of Palm Coast pleads guilty cryptocurrency theft

Noah Michael Urban, 20, faces decades in federal prison and has agreed to make restitution of more than $13 million. He has yet to be sentenced. A Palm Coast man who called himself “King Bob” has pleaded guilty to charges in Florida and California for his role in a cryptocurrency heist and hacking cases; he faces decades

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Loans

Trump signs executive order to dismantle the Department of Education

Michaela Galligan  |  Staff Writer On Thursday, March 20, President Donald Trump signed an executive order to dismantle the U.S. Department of Education, following through on his long-standing opposition to the agency. Trump has targeted the department since his campaign citing concerns over bureaucracy and liberal influence. Before the order, his administration had already downsized

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Finance

Cherfilus-McCormick still silent on $5.8M overpayment and campaign finance investigation

WEST PALM BEACH, Fla. (CBS12) — CBS12 News has spent months trying toget answers from Congresswoman Sheila Cherfilus-McCormick regarding a $5.8 million overpayment her company, Trinity Health Care Services, received from the State of Florida. According to the state, it mistakenly overpaid Trinity while Cherfilus-McCormick was the CEO. Now, the state wants that money back

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