Florida Outlook Weekly “FLOW”.
Weekly Financial Summary of Florida
Week Ending Dec 7th, 2025.
The week ending December 7, 2025 was dominated by high‑end real‑estate headlines as Florida’s luxury market continued to set records and high‑profile investors shed northern assets. The biggest story was Citadel founder Ken Griffin nearing the sale of his last remaining Chicago condo after relocating his hedge‑fund empire to Miami. Griffin’s spokesperson confirmed the 9,250‑sq‑ft Park Tower penthouse at 800 N. Michigan Avenue is under contract at $12.5 million, a 20 % reduction from the July asking price Griffin’s complete exit from Chicago real estate underscores how ultra‑wealthy executives are embracing Florida’s pro‑business climate and lower taxes, and signals that Miami has permanently replaced Chicago and New York as his base.
In parallel, developer Stewart Satter scrapped plans to build a $285 million mega mansion on his 4‑acre Manalapan lot next door to Larry Ellison and relisted the property as vacant land for $75 million. Agents say ultra‑luxury buyers now prefer to commission their own designs rather than purchase a pre‑built estate, and the lot’s 350‑foot ocean‑to‑Intracoastal frontage is drawing intense interest. The change reflects surging demand for scarce oceanfront parcels and could reset price expectations in Palm Beach County.
Outside of residential real estate, Florida saw an uptick in regulatory clarity and corporate activity. HoldCo Asset Management, a Fort Lauderdale investment adviser managing roughly $2.6 billion, released a presentation urging KeyCorp’s directors to avoid acquisitions; the activist fund owns both common stock and debt in the bank. The move illustrates growing shareholder activism emanating from Florida‑based asset managers. In the advisory space, Steward Partners—a top‑ranked RIA—opened a Sarasota office to cement its Southeast growth and will base CEO Jim Gold there. MSP Recovery Inc., a Miami‑based healthcare‑claims firm, announced that the SEC closed its investigation without recommending enforcement action against the company or CEO John Ruiz, reducing legal overhang and potentially supporting stock performance.
Regulatory conversations continued around insurance. At the Florida Chamber Insurance Summit, Insurance Commissioner Mike Yaworsky argued that the 2022–23 tort‑reform laws have stabilized the state’s property‑insurance market. He pointed to increased private‑insurer participation and litigation levels falling back to pre‑2019 levels, warning that repealing reforms would impose a multi‑billion‑dollar “tax” on Floridians. This message was bolstered by Citizens Property Insurance seeing its policy count drop to 560,000 as private carriers assume more risk, indicating a healthier market. Meanwhile, capital flows into Florida property continued: RAIA Capital secured a $47.8 million Fannie Mae loan to acquire Mason Stuart, a 270‑unit multifamily community near Port St. Lucie. Overall, the week highlighted Florida’s ascendancy as the preferred destination for wealth migration, ultra‑luxury development and regulatory innovation.
Outlook – Next 30 Days
Real‑estate headlines will continue to dominate Florida financial news. Following Ken Griffin’s sale, watch for additional high‑profile executives to divest northern holdings and reinvest in South Florida property. Stewart Satter’s Manalapan land offering may attract bids from tech billionaires or foreign buyers; if it sells quickly, other owners could choose land‑only sales, accelerating price appreciation. In capital markets, expect more multifamily financing announcements as investors lock in funding before year‑end. The 2025 tort‑reform debate may intensify ahead of the 2026 legislative session; industry groups will lobby to protect current statutes while trial‑lawyer advocates push for changes. Insurance carriers are likely to file modest rate increases for 2026, citing inflation and reinsurance costs but tempered by improved loss ratios. On the wealth‑management front, further RIA expansions or tuck‑in acquisitions in Florida could be announced as firms aim to capture migrating clients. Regulators may scrutinize activist investors like HoldCo, so banks should prepare for heightened engagement. Overall, Florida’s financial ecosystem remains buoyant, but vigilance is required to manage regulatory and market risks.
About this report: This weekly summary highlights major deals, adviser moves, policy developments and market data for Florida’s wealth‑management and insurance sectors. For questions or media inquiries, please contact the author.
