Business
March 7 Luxury Auction® Set for Caribbean Waterfront Estate on Grand Cayman
Published
2 years agoon
WEST BAY, Grand Cayman–(BUSINESS WIRE)–Luxury real estate auction house Platinum Luxury Auctions has announced another offering on the Caribbean island of Grand Cayman, Cayman Islands. On March 7, 2024, a waterfront residence once asking $12 million will now be sold to the highest bidder in a live, luxury auction® without reserve. In October 2022, Platinum auctioned an oceanfront home in Grand Cayman’s Savannah neighborhood for approx. $4.7 million. The firm is conducting the March 7th sale in partnership with Antonette Baptist of principal brokerage Provenance Properties Cayman Islands, the exclusive affiliate of Christie’s International Real Estate in the Cayman Islands.
On March 7, 2024, a waterfront residence once asking $12 million will now be sold to the highest bidder in a live, luxury auction® without reserve.
“Platinum continues to strengthen its relationships with the Caribbean’s leading real estate agents and luxury brokerages, like Antonette and the team at Provenance Properties,” said Trayor Lesnock, Platinum’s founder and president. “We’ll look forward to adding this pristine, waterfront estate on Grand Cayman to our roster of successful luxury auction sales in the Caribbean to date.”
The tri-level property is located in the boutique, waterfront community of Stone Island Residences, a private and gated residential enclave developed by Dart Enterprises, one of the Caribbean’s largest developers and the leader of luxury, residential development on Grand Cayman.
The community is ideally located, occupying a small island on Governors Creek Harbor, just across from the Cayman Islands Yacht Club & Marina. It’s within a short walk of Camana Bay and the renowned Seven Mile Beach. George Town, the Caymans’ capital city and financial hub, is just 10-15 mins south.
The property’s current owner worked with the developer during construction to create a unique, custom residence within the community that offers approx. 9,500 sf throughout 3 living levels, with 5 bedrooms (plus a convertible 6th), 8 full and one half-bath. The balance of the residences in the development are approx. 4,500 sf.
Interestingly, the residence has not yet been occupied since its completion in 2020, though it’s been kept in exceptional condition. “It presents as ‘brand new’ – not a single crack, scuff or dent,” stated Lesnock. The owner also spent $750,000 to furnish the property, and those (unused) furnishings will be included in the sale.
Prominent property features include a waterfront pool with adjacent loggia and summer kitchen, multiple balconies, gourmet kitchen with butler’s pantry, home theater, office, and a sleek elevator serving all levels.
Stone Island community amenities include a gated entry, 24-hr security, private boat slips, waterfront boardwalk, kids’ playground, infinity pool, waterside conservatory, and a luxe clubhouse.
Interested brokers and buyers may preview the property by daily appointment, between the hours of 11 am and 5pm (local time), now through March 6th. Appointments may be scheduled by contacting Platinum’s project manager, James Smith, at +1 800.997.4235. Property photos, video, and diligence documents are also hosted online at CaymanLuxuryAuction.com.
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Business
Orlando Regional REALTOR Association Event Highlights Orange County Growth, Housing Trends and Economic Outlook
Published
2 weeks agoon
April 19, 2026By
Willie DavidORLANDO, Fla. (FNN) — The Orlando Regional REALTOR Association (ORRA) hosted its second annual State of Real Estate event for Orange County on April 17, bringing together industry professionals, policymakers and community leaders to examine the region’s housing market and economic outlook.
Held at ORRA’s headquarters in Orlando, the event focused on the evolving dynamics of residential and commercial real estate across Central Florida. Discussions centered on housing affordability, economic growth and long-term regional development.
Speakers and Panelists
- Lawrence Yun — Chief Economist, National Association of REALTORS
- Maria Henson — Senior Director of Market Research & Insights, Visit Orlando
- Racquel Asa — Head of External Affairs, Central Florida Expressway Authority
- Amy Mercado — Property Appraiser, Orange County
- Chris Atwell — Moderator, 2026 ORRA President
Industry experts said Central Florida’s economy continues to grow, though at a more measured pace. While housing and stock market wealth remain near record highs, job growth is softening, consumer sentiment has declined and loan defaults are rising — creating a market shaped by mixed signals.
Panelists noted the housing market has shifted into a more stable phase compared to the rapid growth seen during 2020 and 2021, with more balance and sustainable conditions.
Despite short-term fluctuations, long-term fundamentals remain strong. Orange County’s tax base has grown significantly since 2023, while the broader Central Florida region has experienced a 23% population increase over the past decade, with more than 1,200 people moving to the area each week.
Infrastructure and tourism were also highlighted as key drivers of future growth. Officials pointed to major roadway investments by the Central Florida Expressway Authority and the region’s continued strength as a tourism hub, drawing more than 75 million visitors in 2024.
“We’re operating in a global economy where interest rates, supply chains and migration policies all influence what happens at the local level,” said ORRA CEO Cliff Long.
Economic Trends Show Mixed Signals
Experts emphasized that strong asset values are being offset by softer job growth and declining consumer confidence.
Housing Market Enters Stable Phase
The market has transitioned from pandemic-driven volatility to a more balanced and sustainable pace.
Growth, Infrastructure and Tourism Drive Future
Population growth, infrastructure investment and tourism continue to support long-term expansion in Central Florida.
ORRA’s Impact and Benefits on the Real Estate Industry
The Orlando Regional REALTOR Association provides critical market insights, advocacy and professional resources for REALTORS® across Central Florida. Its events foster collaboration between industry leaders, policymakers and the community, helping guide responsible growth, inform housing policy and strengthen the regional real estate market.
Business
Walmart’s Road to Open Call Returns to Orlando, Offering Small Businesses Access to National Retail Opportunities
Published
2 weeks agoon
April 15, 2026By
Willie David
ORLANDO, Fla. (FNN) — Walmart, in partnership with the Hispanic Chamber of Metro Orlando, will host the 2026 Walmart Road to Open Call pitch event on May 21 in Orlando, offering small businesses the opportunity to present their products directly to Walmart buyers.
The Orlando event is the only Florida stop in 2026 and is part of a nationwide initiative designed to support small business growth, expand supplier diversity and strengthen U.S. manufacturing.
OPPORTUNITY FOR SMALL BUSINESSES
The Road to Open Call serves as a pathway for entrepreneurs to connect with Walmart’s sourcing team, refine their pitches and prepare for the company’s annual Open Call event in Bentonville, Arkansas.
Applications are open through May 1 at 10 p.m. EST. A select group of applicants will be chosen to participate in the Orlando event, where each business will receive a 30-minute, one-on-one pitch meeting with a Walmart buyer, along with feedback and mentorship.
Top participants may earn a fast pass to Walmart’s annual Open Call, where they can pitch for potential placement in Walmart stores or online.
FOCUS ON U.S.-MADE PRODUCTS
Walmart’s Open Call is the company’s largest sourcing event for products made, grown or assembled in the United States. The program is open to businesses across industries, including food and beverage, beauty, safety and consumer goods.
“The Road to Open Call provides a powerful platform for small businesses to grow and scale,” said Mark Espinoza, senior director of public affairs at Walmart. “By connecting entrepreneurs directly with our sourcing teams, we’re helping bring innovative, U.S.-made products to customers while supporting American jobs and local economies.”
LOCAL IMPACT AND ECONOMIC GROWTH
Local leaders say the initiative strengthens both entrepreneurship and the regional economy.
“We are proud to join forces with Walmart for the second consecutive year to bring this opportunity to the business community,” said Pedro Turushina, president and CEO of the Hispanic Chamber of Metro Orlando. “This initiative supports entrepreneurs and helps small businesses access national retail opportunities.”
Since launching in 2014, Walmart’s Open Call has helped thousands of small and midsize businesses become suppliers, while more than 85% of Walmart shoppers report valuing U.S.-made products.
Business
AdventHealth Opens 2026 Community Impact Grants to Address Central Florida Health Needs
Published
2 weeks agoon
April 15, 2026By
Willie DavidORLANDO, Fla. (FNN) — AdventHealth is now accepting applications for its 2026 Community Impact Grants, aimed at supporting nonprofit organizations working to address critical health needs across Central Florida.
The grant program partners with community-based organizations to expand initiatives that improve quality of life and promote long-term sustainability. Eligible nonprofits serving residents in Orange, Osceola, Seminole and South Lake counties are encouraged to apply.
Applications are open from March 30 through April 16, with funding expected to begin Jan. 1, 2027.
FOCUS ON COMMUNITY HEALTH NEEDS
The grants are guided by Central Florida’s Community Health Needs Assessment, which identifies key challenges impacting residents’ well-being.
“Our annual Community Impact Grants are guided by Central Florida’s Community Health Needs Assessment to ensure we are investing meaningfully where our neighbors need us most,” said Tricia Edris, senior vice president of innovation and partnerships for AdventHealth Central Florida. “We are honored to align our resources and stand as partners to create measurable, lasting impact across the region.”
PRIORITY AREAS FOR FUNDING
The 2026 grant cycle will focus on three key areas:
- Housing instability
- Transportation
- Food insecurity
These priorities reflect social determinants of health that can significantly influence a person’s ability to live a healthy and stable life. Community organizations often serve as the first line of support for residents facing these challenges.
COMMUNITY IMPACT AND PARTNERSHIPS
Past grant recipients say the program has helped expand opportunities for residents. Crystal Davidson highlighted the impact of the initiative on workforce development.
“Schools and colleges often don’t have the funding to provide introductory workforce programs that expose students to new career opportunities,” Davidson said. “Through partnership grants like the one AdventHealth is providing, we’re able to give young people hands-on experiences that help them discover their potential and build a path toward a meaningful career.”
AdventHealth will also host an informational webinar to guide organizations through eligibility requirements, funding priorities and the application process. Interested applicants can learn more and apply through the AdventHealth website.