Luxury is an experience not a price point
Movers & Shakers: Starwood names C-Suite exec for insurance strategies
In the latest batch of South Florida real estate hiring news, Barry Sternlicht’s Miami Beach-based Starwood Capital Group named Rob Allard as chief investment officer for Starwood Insurance Strategies, according to a press release. It is an arm of the firm’s credit division, the release shows. Alla
Read More'Resort fees’ in the U.S. must now be disclosed. But some aren't celebrating yet
A rule requiring short-term lodging companies to disclose "junk fees" starts Monday. But cuts to two government agencies could hinder enforcement.
Read MoreThe Weekly Dirt: Ryan Serhant talks “Owning Miami” and the importance of feeder markets
Ryan Serhant pitched Netflix a Miami version of “Owning Manhattan.” At The Real Deal’s New York Forum last week, he talked up the advantages of reality TV. “There’s a real distribution funnel that comes from exposure from what we’re selling that you just can’t buy,” he said, referring to Netflix
Read MoreFAA weighs reducing Newark flights after hundreds of disruptions
The FAA and airlines are meeting on Wednesday to discuss flight cuts at Newark Liberty International Airport.
Read MoreDisney, Abu Dhabi and a growing theme park capital at 'crossroads' of world
Yas Island, Abu Dhabi, home of Disney's newest planned theme park, has boomed over two decades into one of the biggest consumer economic engines in the world.
Read MoreMortgage demand still staying firm with elevated rates
If someone had told me that home sales would remain firm this year despite mortgage rates ranging from 7.25% to 6.64%, I would not have taken that bet. However, amid all the chaotic economic headlines of 2025 so far, the demand for mortgages is holding steady, even with the higher rates. Let’s dig i
Read MoreWhy U.S. air traffic control is stretched so thin — and the fight to fix it
An outage of radio and radar systems controllers use to guide planes into Newark last week exposed decades of underinvestment and staffing shortages.
Read MoreWith foreign tourists boycotting the U.S., businesses brace for falling sales
The U.S. is poised for weaker tourism from overseas this year amid tensions tied to trade and immigration.
Read MoreRelated Urban seeks extension of a ground lease for Live Local project in Miami-Dade
Related Urban is seeking more years on a ground lease to develop a Live Local Act mixed-income multifamily and office complex on a Miami-Dade County public housing site. The deal could generate $97.4 million over a century for the county, according to Miami-Dade officials. On Tuesday, the Miami-Da
Read MoreeXp Realty launches land and ranch division
eXp Realty has launched a new land and ranch division to serve real estate agents who specialize in rural, agricultural and recreational properties, the company announced this week.The new division is designed to support agents working in a growing sector of the housing market with tools tailored to
Read MoreDeadline looms in Minnesota property tax forfeiture lawsuit
Thousands of Minnesota residents who lost homes over property taxes may now be eligible for compensation, following a landmark U.S. Supreme Court ruling and a resulting $109 million class-action settlement fund.The case began with Geraldine Tyler, a 94-year-old Minneapolis woman who owed $15,000 in
Read MoreLenders witness surge of mortgage demand this week
It’s probably too early to get excited, but several lenders reported that mortgage demand climbed to 2022 levels this week. After months of hovering in the high 6% range—and most recently dipping to 6.84%— declining mortgage rates may finally be luring buyers back. Applications rose 11% last week, a
Read MoreLos Angeles County event will assist reverse mortgage borrowers with wildfire recovery
The communities engulfed in the Los Angeles-area wildfires continue to recover and pick up the pieces. And representatives of Los Angeles County have signaled they want to provide specific guidance for impacted reverse mortgage borrowers to navigate issues that arise with these loans in disaster are
Read MoreWhy federal support for tiny homes could be a game changer
As homelessness continues to rise nationwide, one nonprofit is pushing for a paradigm shift.DignityMoves, a San Francisco-based organization, has been leading the charge for what its founder and CEO Elizabeth Funk calls “interim supportive housing.”These cost-effective tiny home communities aim to h
Read MoreSome cities, states embrace property tax refunds for older homeowners
Older homeowners living on a fixed income have a higher chance of seeing their finances destabilized by rising costs, and that can be particularly true of something like property taxes. For homeowners who have either a forward or reverse mortgage on their home, these costs also must be paid in order
Read MoreNevada senator accuses Republicans of ‘land grab’ with late federal amendment
Following the revelation this week that Republican lawmakers in the House of Representatives added an amendment to a bill that would authorize the sale of thousands of acres of federal land in Nevada and Utah, a Democratic senator has called foul on the nature of the effort.Sen. Catherine Cortez Mas
Read MoreResi roundup: Billionaire Li Ge sells Fort Lauderdale mansion
In the latest roundup of South Florida luxury real estate deals, Chinese billionaire Li Ge sold a waterfront mansion in Fort Lauderdale. Deals spanned Miami Beach to North Palm Beach, and ranged in price from $8.2 million to $12.3 million. Miami Beach In Miami Beach, a businessman sold a waterfront
Read MoreWashington’s ‘upzoning’ law seeks to expand supply as Seattle home prices soar
A new law going into effect this summer in Washington aims to address the state’s housing supply woes. The legislation lifts zoning restrictions to allow for more multifamily development and comes as the median single-family home price in the Seattle area set a new record by exceeding $1 million.H.B
Read MorePanattoni seizes Flagler Station offices in deed in lieu, pays $21M for nearby building
Bridge Investment Group relinquished a Miami-Dade County office building in a deed in lieu of foreclosure and sold a nearby property for $20.8 million. The deals came as both buildings are struggling with high vacancies. Panattoni Development acquired both the half-vacant Building 1100 at 10451 No
Read MoreNew York bill targets lender payouts in deed fraud cases
State lawmakers in New York have introduced legislation that would block mortgage lenders from receiving title insurance payouts when real estate transactions are later found to be based on stolen deeds.S.B. 7732 was introduced May 2 and seeks to prohibit title insurers from compensating lenders for
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