Southwest Florida Real Estate News and Market Insight
Market data, mortgage rate movement, housing policy, and property news from across the country and here at home in Collier and Lee counties. Anything that affects what a home in Naples, Bonita Springs, or Estero is worth, and what it costs to own one, is worth understanding before it shows up in your closing statement or your tax bill.
Miami Beach’s Sixty Sixty Resort faces $21M foreclosure

Three years after buying Sixty Sixty Resort in Miami Beach, the owners could lose the 82-key waterfront condo-hotel to foreclosure. On June 27, De Paz Family Investment sued Bloom Hotels 6060 — which owns all the units at the 15-story building at 6060 Indian Creek Drive — as well as the property’s
Read MoreMiami-Dade drops sexual battery charge against Ohad Fisherman

The Miami-Dade State Attorney’s office dropped its case against real estate broker Ohad Fisherman, who was expected to stand trial this week on a sexual battery charge that also allegedly involved Oren and Alon Alexander. Fisherman was accused of pinning a woman down on New Year’s Eve in 2016 as Or
Read MoreVDA lands $31M construction loan for Artefacto-branded Bay Harbor condos

Chilean developer VDA Origin | Miami landed a $30.5 million construction loan for a planned Artefacto-branded condo project in Bay Harbor Islands. Mauricio Moya and Sergio Guzmán’s VDA scored the financing from Joshua Crane and Robert Schwartz’s New York City-based S3 Capital, according to a press r
Read MoreLongpoint sells Broward County industrial portfolio for $70M

Longpoint sold a Broward County warehouse portfolio for $69.9 million, roughly $19 million more than the previous sale price four years ago. In the largest of three separate deals, an affiliate of Newport Beach, California-based MIG Real Estate paid $29.9 million for a 124,227-square-foot industria
Read MoreCoca-Cola bottling mogul finds buyer for $26M waterfront Key Biscayne mansion

Art collector and Coca-Cola bottling mogul Carlos de la Cruz Sr. entered into a contract to sell his waterfront Key Biscayne mansion asking $26 million, leading the latest Eklund-Gomes report. Buyers signed a dozen contracts for luxury properties in Miami-Dade County between June 30 and July 6, acc
Read MoreLease roundup: Steve Ross’ CityPlace lands Reformation, Alo, Bluemercury

Reformation, Alo Yoga, Bluemercury, more | West Palm Beach Billionaire Steve Ross’ CityPlace mixed-use complex in downtown West Palm Beach scored more than 125,000 square feet of new leases. Already open are vintage-inspired clothing store Reformation, Alo Yoga, and skin care and wellness products
Read MoreDeveloper scales down Goulds Village Center to 300 market-rate apartments

A developer wants to scale down its planned Goulds Village Center project to 300 units. Lockhart Management Group, which primarily has built self-storage facilities across Florida, plans the market-rate complex with a pair of five-story buildings on a 3.7-acre site between U.S. 1 and the South Dade
Read MoreWhy mortgage purchase apps are on a 22-week growth streak
One of the most surprising pieces of housing economic data for 2025 is that purchase apps for the existing home sales market have shown 22 weeks of year-over-year growth. And that includes nine consecutive weeks of double-digit year-over-year growth in recent weeks. Normally, this would be a signifi
Read MoreSome international LGBTQ+ travelers pull back on U.S. trips: 'Why would I go there?'

Despite some pullbacks in corporate sponsorships, pride organizations across the U.S. said attendance is still strong.
Read MoreTripadvisor stock surges 17% as Starboard Value builds sizable stake in online travel company

Tripadvisor shares jumped 10% after Starboard Value revealed a more than 9% stake in the online travel company, according to a securities filing.
Read MoreCleveland Browns owner drops $25M on oceanfront Lost Tree Village home

Cleveland Browns owner Susan “Dee” Bagwell Haslam bought an oceanfront home in North Palm Beach’s gated Lost Tree Village community for $25 million, in an off-market deal. Records show her Knox-Main Trust bought the home at 11914 Turtle Beach Road from Robert F. White Jr. and Diane White. Bagwell
Read MoreArmando Falcon on the FHFA’s move toward crypto mortgages

It’s been just over a week since Federal Housing Finance Agency (FHFA) Director Bill Pulte directed Fannie Mae and Freddie Mac to start preparing for the use of cryptocurrency in single-family mortgages.With limited guidance beyond the FHFA’s directive, mortgage originators and industry experts are
Read MoreGranite REIT picks up Coral Springs industrial complex for $36M

Granite REIT is the latest institutional out-of-towner to dip into South Florida for the first time. An affiliate of the Toronto-based real estate investment trust, led by CEO Kevin Gorrie, paid $36.3 million for a Coral Springs industrial complex, records and real estate database Vizzda show. A J
Read MoreState AGs oppose HUD’s plan to roll back fair housing marketing rules

California Attorney General Rob Bonta — along with a coalition of 20 other attorneys general — is urging the U.S. Department of Housing and Urban Development (HUD) to abandon a proposed rule that would eliminate federal requirements prohibiting discriminatory marketing of affordable housing.In a let
Read MoreDevelopers buy Venetian Islands lot for $16M, plan $62M spec estate

Spec developers Ricardo Halfen and Matthew Rosenblatt dropped $15.8 million on a waterfront lot on the Venetian Islands, where they plan to build a $62 million estate, The Real Deal has learned. The pair bought the half-acre property at 1141 North Venetian Drive in Miami Beach from an LLC named for
Read MoreTexas independent brokerages join Compass

Compass continues to welcome agents to the firm, this time via two independent brokerage integrations in Texas. Vista Real Estate and Halo Group Realty are joining Compass, according to an announcement on Thursday. Vista Real Estate serves clients in central Texas and has more than 60 agents, while
Read MoreOne ‘Big Beautiful’ win: House advances budget bill for Trump’s signature

President Donald Trump’s One Big Beautiful Bill Act is about to become law.The House of Representatives on Thursday voted to advance the budget reconciliation bill by a razor-thin margin, echoing the 50-50 tie in the Senate that required Vice President JD Vance’s vote in order to advance the legisla
Read MoreSurvey: Down payment concerns delay homeownership for many

Despite strong interest in home-buying, affordability challenges and misconceptions about down payments are deterring many potential buyers, according to a new survey from NeighborWorks America.The nonprofit organization reports that 27% of U.S. adults say they plan to buy a home within the next yea
Read MoreCentury 21 expands in North Carolina with new rural affiliation

Century 21 Real Estate is expanding its footprint in northeastern North Carolina through the affiliation of Carolina Land and Home Realty — a full-service brokerage based in Ahoskie.The office will now operate as Century 21 Land and Home Realty.Broker-owner Clay Revelle, a native of Northampton Coun
Read MoreLeadingRE adds The Training Academy to preferred vendor program

Leading Real Estate Companies of the World (LeadingRE) has added The Training Academy LLC to its Solutions Group — a curated program of preferred business resources available to its global network of 550 real estate firms.The Training Academy, based in Florida and led by founder Dan Elzer, provides
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