Florida Real Estate, Cannabis Impact, and AI in Commercial Real Estate
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Steve Hamoen

Florida Real Estate, Cannabis Impact, and AI in Commercial Real Estate

E219 • Aug 17, 2025 • 14 mins

In this episode, Steve Hamoen introduces Alico, Inc. and examines the Citrus Heights Ordinance, setting the stage for a broader analysis of Florida's real estate market. He delves into the implications of the Citrus Heights Re-occupancy Ordinance, discussing its potential impact on local real estate dynamics. The episode then explores how cannabis cultivation is influencing industrial real estate trends. Steve engages with Matt Faupel to discuss the role of AI in commercial real estate. He also draws parallels between lessons from the Iowa State Fair and commercial real estate strategies. The episode wraps up with final takeaways, emphasizing relationship building in the industry, followed by Steve's closing remarks.

Key Points

  • Alico, Inc. is transitioning from citrus agriculture to land development with the ambitious Corkscrew Grove Villages project in Florida, aiming to create 9,000 homes and 560,000 square feet of commercial space while designating 6,000 acres for conservation.
  • Concerns have been raised by property owners in Citrus Heights about a proposed re-occupancy ordinance draft, which aims to reduce blight and prevent crime by requiring owners to register vacant buildings and pay annual fees, though the financial burden of these fees is a contentious issue.
  • Matt Faupel is revolutionizing commercial real estate with his AI-powered CRE Pro tool and the Unlock Your Potential Newsletter, providing industry professionals with leadership insights and innovative solutions to modernize property management and operations.
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