Southwest Florida Real Estate News and Market Insight

MG Developer and Vertical Developments landed a $100 million construction loan for Alhambra Parc, a mixed-use luxury condo project in Coral Gables. Miami-based Benmark Capital provided the financing for the eight-story development at 33 Alhambra Circle, according to a news release. Berkadia’s Scott

Diane Keaton's former Beverly Hills home has once again returned to the market—having had an astonishing $6 million trimmed from its original asking price. The property, which was once featured on the cover of Architectural Digest, was purchased by Keaton for $8.1 million in 2007 from another of its

HGTV star Jenn Todryk has opened up about why she made the decision to walk away from her hit series, "No Demo Reno"—admitting that she is grateful to have ended the show on her own terms, rather than end up with the rug pulled out from under her. Todryk, 37, shot to fame in 2021, when her show debu

President Donald Trump said Friday that his administration is still considering a public offering of shares in mortgage finance giants Fannie Mae and Freddie Mac, despite naming the government’s top housing regulator to temporarily lead the nation’s intelligence agencies. Bloomberg reported that whi

Leaders in Akron, a heartland city nearly 40 miles south of Cleveland, hope to shed the city’s “Rust Belt” label and drive its emerging revival by making it easier to build new homes. To achieve the objective, planners believe they’re on the verge of eliminating minimum lot sizes to counteract a shr

Mortgage Forward announced Friday that it has agreed to acquire the third-party origination (TPO) division of First Federal Bank, including QRL Financial, in a deal the companies say will expand Mortgage Forward’s national mortgage lending platform and broaden its product offerings. The companies co

Rep. Nicole Malliotakis (R-N.Y.) has introduced federal legislation that would temporarily raise the capital gains tax exclusion to $1 million for senior homeowners who sell their longtime primary residences. The move aims to ease tax burdens on older Americans and free up inventory for younger home

[Image (left to right): Scott Drees, Midwest Regional President, Barbara Drees Jones, VP Marketing, David Drees, Chairman, Alexa Drees Walker, Director of Midwest Design Centers. Drawing: Maggie Goldstone] The resonant image of a German immigrant’s handiwork – a brick Cape Cod house built on a shoes

American Pacific Mortgage (APM) has closed a merger deal to bring Synergy One Lending under its umbrella as a DBA, creating a mortgage production platform with roughly $14 billion in annual volume, the companies announced Friday. The combination of the two California-based lenders aims to scale thei

Developer Keith Menin paid $16.1 million for a waterfront home on North Bay Road in April 2024, and he teamed up with the billionaire founder of Rockstar Energy to renovate and flip the property.  Two years later, Menin and Russell Savage (previously Weiner) sold the home at 5300 North Bay Road for

The U.S. Department of Housing and Urban Development (HUD) is seeking public feedback on whether the Federal Housing Administration (FHA)’s property requirements for single-family homes should be updated to better reflect current market conditions and reduce barriers to homeownership. In a request f

A former employee of the District of Columbia Housing Authority who later became a real estate developer has pleaded guilty to federal charges — stemming from a yearslong scheme to secure millions of dollars in financing from private mortgage lenders. The announcement was made by the office of Jeani

To be successful at house flipping, real estate investors must have a nose for sniffing out properties with the potential to turn a profit once they’re renovated, no matter how they look—or smell—to begin with. It’s a skill “Zombie House Flipping: Family Business” star Tommy Harr, 31, has honed over

A federal judge in Chicago has extended Zillow’s temporary restraining order against Midwest Real Estate Data (MRED) in the listing portal giant’s antitrust lawsuit against the Chicagoland MLS and Compass International Holdings.  On Thursday morning, Zillow filed a motion to extend its temporary res

As the fight over the last remaining development site on Fisher Island heats up, top Miami developers are also part of the mix: Russell Galbut and the Related Group.  Galbut, the Pérez family’s Related Group and Raycliff Capital partnered HRP Group to redevelop the nearly 10-acre property on Fisher

The national housing market is currently navigating a complex and fragmented landscape, as revealed by the inaugural Realtor.com® Market Clock quarterly report. This innovative diagnostic tool synthesizes various housing indicators to provide a clear picture of buyer-seller leverage across the natio

Can we use renderings from the original story? MCR is planning to triple the guestroom count at its Hilton Miami Airport Blue Lagoon with a rezoning application to add 1,000 hotel rooms across two new buildings.  The New York-based hotel owner-operator wants to change zoning for the 20.6-acre site a

A former D.C. housing official pleaded guilty Thursday in a scheme to invent a fake federal housing program for veterans in order to defraud mortgage lenders of $15 million. Richard Cunningham, 55, pleaded guilty to making false statements to a mortgage lending business. In a plea agreement filed th

STEPHANIE GIARDINIERI JOINS FOSTERING SUCCESS AS DIRECTOR OF PROGRAMS Fostering Success announced Stephanie Giardinieri has joined the organization as its new Director of Programs. In this role, Giardinieri will oversee the organization’s education and enrichment programs across Southwest Florida, h

Federal Housing Finance Agency Director Bill Pulte will only remain director of national intelligence temporarily, President Donald Trump said, after bipartisan pushback to his appointment this week. Speaking at the White House Thursday, Trump said Pulte's role coordinating the nation's intelligence