Southwest Florida Real Estate News and Market Insight

Vlad Doronin’s OKO Group and The Bastion Collection have partnered on a planned restaurant and exclusive club on the top two floors of the 830 Brickell office tower.  Miami-based OKO and Bastion, a subsidiary of Houston-based Crest Investment Company, plan Seia with an Italian restaurant and members

Movement Mortgage said Friday that it has completed a three-year overhaul of its technology systems, culminating in the launch of its new loan origination system, MORE LOS. The rollout marks the final phase of Movement‘s initiative to modernize and merge the company’s core systems into a single plat

The 10-year yield closed below 4% for the first time this year on Thursday, sending mortgage rates closer to year-to-date lows after a credit market scare. But this begs the question: have mortgage rates already priced in a lot of the economic news? Bond traders on Friday were less fearful of the Zi

Rapper Nicki Minaj is reportedly at risk of losing her sprawling $20 million California mansion—after allegedly refusing to pay $503,000 that was awarded to a security guard who claims he was assaulted by the musician's husband, Kenneth Petty. According to legal documents obtained by Us Weekly, secu

After adding a second story and a new roof to their family home, Walter and Debbie’s property tax bills jumped from $15,000 a year to an eye-watering $91,000. The culprit was more than just the material improvements they made to their property—it was that the addition had triggered a reassessment of

American Pacific Mortgage (APM) announced on Friday a leadership transition as longtime chairman and former president and CEO Bill Lowman prepares to retire later this month after more than two decades with the company. “Words cannot express how impactful Bill’s leadership, guidance, and commitment

Private equity billionaire Greg Mondre dropped $58 million on an oceanfront lot in Palm Beach, after spec developer Brian Stock abandoned efforts to build a mansion on the property. Mondre bought the 1.2-acre parcel at 965 North Ocean Boulevard from Stock’s 965 North Ocean Boulevard LLC, sources con

A bankruptcy court approved Terra’s lease takeover of the Miami Seaquarium property in Key Biscayne.  David Martin’s Coconut Grove-based firm has a $22.5 million lease deal in place for the 38-property at 4400 Rickenbacker Causeway, which is owned by Miami-Dade County.  The deal, which still require

Sellers have always opened their doors to prospective buyers, but the latest trend may be taking landing a sale a bit too far. It turns out, there is a growing trend of buyers asking to stay overnight in a home before making an offer, according to the Wall Street Journal. Real estate agent McKenzie

The rich are getting richer in Palm Beach County, FL, as properties continue to skyrocket in price. One property in particular is turning heads: a listing for a Manalapan megamansion with a price tag of $134 million. That's five times more than what it was originally sold for in 2013, according to R

Hollywood heavyweight Mark Wahlberg has forked over $37 million to buy a newly flipped, fully furnished Florida mansion on an exclusive stretch known as "Billionaires Row." The actor, 54, purchased the lavish retreat, which is located in the gated Stone Creek Ranch community in Delray Beach, from sp

Would you be willing to invest in an abandoned property without ever setting foot inside? For any adventurous buyers willing to take on that kind of gamble, a world of opportunity awaits, including the chance to snap up a four-bedroom dwelling for as little as $72,000. Abandoned homes traditionally

President Donald Trump's deputy chief of staff, Stephen Miller, has put his Virginia dwelling on the market for $3.75 million after the property was targeted by activists who covered the sidewalk outside of the dwelling with anti-MAGA messages. Miller, 40, who lives at the Arlington home with his wi

A city of Miami board voted to approve a rezoning of a portion of the Jungle Island property, which Terra and ESJ Capital Partners’ Ecoresiliency Miami plan to redevelop.  Miami’s Planning, Zoning and Appeals Board voted to amend the existing Jungle Island special area plan and rezone about 5.4 acre

Developer Michael Shvo is no longer involved in the Raleigh Miami Beach, the trophy asset he planned to redevelop into a luxury condo and hotel project.  New York-based Nahla Capital paid about $270 million for the three-acre property at 1775, 1757 and 1751 Collins Avenue, sources confirmed to The R

Facing a maturity date next month, a $188 million commercial mortgage-backed securities loan tied to the St. Regis Bal Harbour Resort is being transferred to special servicing, according to Morningstar.  The move comes despite the hotel’s owner, Qatari firm Al Rayyan Tourism Investment Company (ARTI

Beleaguered actor Bill Cosby has secured a buyer for his $29 million New York City townhouse—months after it was revealed he had gone into foreclosure on both of his Manhattan homes. Cosby, 88, initially put the historic seven-story, six-bedroom dwelling, which is located on East 71st St., on the ma

Mortgage rates this week for a 30-year fixed loan decreased to 6.27%, down from 6.3% last week. A small move, but perhaps an unexpected one given that markets hit the pause button amid the ongoing political standoff between Republicans and Democrats over the government shutdown. So what impact does

Much of the national housing market remains at a standstill, with sellers in some parts of the U.S. who are struggling to offload their properties increasingly offering price cuts.   Slashing a home's asking price has been a common strategy this summer and early fall as elevated mortgage rates and r

An empty waterfront plot in Palm Beach, FL, has been quietly sold for the sky-high price of $58 million—after previous plans to construct a lavish mansion on the property were abandoned in the wake of furious outcry from local residents. The parcel, which spreads over 1.24 acres and includes 150 fee