Luxury is an experience not a price point
Developer advances 173-unit condo project in Hallandale Beach

Developer Alejandro Chaberman advanced plans to build Blue Park, an eight-story condominium with 173 units in Hallandale Beach, one of several projects he has launched in the city. The Hallandale Beach City Commission voted unanimously Tuesday to approve a site plan for Blue Park and rezone, on seco
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A Palm Beach condo association reached a settlement with a resident nearly a year into litigation regarding an allegedly unsanctioned air conditioning project and $15 million in unaccounted special assessment funds. Court records show the Halcyon of Palm Beach Condominium Association settled the ca
Read More ADUs could remedy America’s housing crisis, but obstacles remain

Industry veteran Bill Dallas, chairman of Dallas Capital and former president of Finance of America, says accessory dwelling units (ADUs) still face major hurdles before they can become a reliable solution to what he calls the nation’s “largest social challenge:” affordable housing. “One of the chal
Read MoreeXp Realty embraces digital twin tech to transform workflows

For eXp Realty, artificial intelligence (AI) is not a side project — it’s a company-wide mandate. Following a session at HousingWire’s AI Summit where eXp chief technology officer Sumanth Kamath talked about how the company was utilizing digital twin technology, HousingWire sat down with eXp CEO Le
Read MoreWFG National Title added to Fannie Mae’s multifamily approval list

WFG National Title Insurance Co. has been added to Fannie Mae’s list of approved title insurers for multifamily transactions. The designation means lenders and borrowers using WFG for Fannie Mae–financed multifamily deals can avoid delays caused by policy exceptions or compliance issues. Fannie Mae
Read MoreBillionaire Russell Weiner expands Miami Beach luxury empire

Billionaire Russell Weiner is expanding his Miami Beach real estate portfolio with the $35.3 million purchase of a waterfront mansion on Star Island, The Real Deal has learned. Weiner closed on the purchase of the 1.1-acre property at 43 Star Island Drive on Thursday, according to sources. The late
Read MoreKEI expands North Miami-Dade holdings with Aldi-anchored center

KEI Properties added to its North Miami-Dade County holdings after paying $22.5 million for an Aldi-anchored shopping center, as well as taking over a mortgage for the same amount. Three affiliates of North Miami-based KEI, led by Kenneth Israel, bought Palmetto Plaza at 15905, 16101, 16301, and 163
Read MoreERA Real Estate expands in Colorado

LUX Real Estate Company ERA Powered has expanded with the acquisition of Vail Real Estate Center, the firm announced this week. The Cherry Creek North, Colorado-based brokerage — founded and led by Emily Duke — will now have a presence in one of the state’s most competitive resort markets. Founded i
Read MoreAs seniors gain comfort with AI, how should reverse mortgage lenders respond?

The knowledge and use of artificial intelligence (AI) among older generations is often misunderstood and mischaracterized. But seniors are often following the path of the wider population when it comes to incorporating AI into their daily lives. Recent survey data published by the University of Mich
Read MoreMormon church pays $153M for 384-unit Boca Raton apartment complex

The Church of Jesus Christ of Latter-day Saints’ real estate investment arm picked up a 384-unit apartment complex in Boca Raton for $152.5 million. The deal marks the church’s continuing investment in South Florida properties over the past two years. The religious institution has made the purchase
Read MoreSurvey: Where are you in the AI revolution in mortgage operations?

Attention Mortgage Professionals! You’ve been selected to participate in our exclusive survey on AI in mortgage operations. Your insights are crucial! Click Here As noted at the HousingWire AI Summit, exploring AI solutions is essential. We want to know your journey and strategies in this exciting f
Read MoreFormer DOJ official blames lobbyist for weaker antitrust scrutiny

Roger Alford’s time at the Department of Justice (DOJ) may have been brief — much to the relief of the real estate industry — but that doesn’t mean he doesn’t have thoughts on his time there. Alford, a law professor at Notre Dame who served as an expert witness testifying against the real estate in
Read MoreCrossCountry Mortgage settles sexual harassment case in Georgia

CrossCountry Mortgage (CCM), a branch manager in Georgia and a former employee have reached a settlement in a sexual harassment lawsuit, according to court filings. The case began in June 2023 when former processor Christina Nielsen alleged that branch manager Steven Bocca subjected her and other fe
Read MoreExisting home sales surprise with positive growth in July
Existing home sales in July exceeded monthly estimates and demonstrated year-over-year growth. However, it’s important to remember that we started from a low baseline for sales in 2024, so this year-over-year growth needs to be viewed in context. For those who have been following our weekly tracker,
Read MoreTyko lends $285M to Terra, Sympatico for Mr. C West Palm Beach project

David Martin’s Terra and the Morrison family’s Sympatico Real Estate secured a $285 million construction loan for their planned Mr. C Hotel & Residences West Palm Beach. Tyko Capital, a New York-based real estate firm backed by Elliott Investment Management, is the lender. The developers launched s
Read MoreSurvey: Job insecurity leading to home purchase delays

More than two in five American workers say concerns about job security are causing them to delay or cancel a major purchase such as a car or home, according to a new Redfin-commissioned survey. The survey found that 44% of employed U.S. residents put off or scrapped such purchases. Another 30% said
Read MoreSteve Ross scores $340M refi for One Flagler tower in downtown West Palm Beach

Billionaire Steve Ross scored a $340 million refinancing for the One Flagler office tower, completed this year in downtown West Palm Beach. Related Ross, Ross’ real estate firm formed last year, obtained the loan from BDT & MSD Partners for the 25-story building at 180 Lakeview Avenue, according to
Read MoreBroward County weekly condo sales dip to $20M

Broward County’s condo sales and dollar volume dropped last week. Brokers closed 42 condo sales totaling $19.6 million from Aug. 11 to Aug. 17. That’s down from 96 condo sales totaling $29 million the week prior. Last week’s units sold for an average of $465,448, higher than the $302,128 average pr
Read MoreSpirit Airlines is on shakier ground after avoiding hard decisions in bankruptcy

Spirit Airlines raised doubts last week that it could survive a year without more cash.
Read MoreFewer people are drinking — and that's changing how they travel

Some 54% of Americans now say they consume alcohol, according to a Gallup poll. Those who quit describe how it's changed their travel habits.
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