Siblings Sean and Nicole Mirmelli suffered a significant setback in their legal battle to kill a 99-year ground lease tied to one of two parcels underneath the Kimpton Surfcomber Hotel in Miami Beach. Last week, Miami-Dade Circuit Court Judge Thomas Rebull dismissed four of the five counts in the Mi

Miami-Dade County condo sales dipped last week. Brokers closed 80 condo sales totaling $82,283,112 from Aug. 4 to Aug. 10. The previous week, brokers closed 97 condo sales totaling $104,584,533. Last week’s units sold for an average of $1,028,539, lower than the $1,078,191 average price from the pre

The Chetrit Group is bringing on a partnership led by billionaire Adam Neumann’s Flow, Canada Global and billionaire Yakir Gabay’s Yellowstone Trust as the majority owners of the planned Miami River District megaproject.  New York-based Chetrit will remain a “significant” minority partner in the 6.2

Retired racing driver Michael Andretti paid $27.4 million for a waterfront compound in Fort Lauderdale, marking one of the priciest home sales in the city over the past year.  Andretti is the son of racing legend Mario Andretti. Michael Andretti and his wife, Jodi Ann Andretti, acquired the 17,812-s

In an all-cash deal, a Los Angeles-based organization that provides affordable housing to individuals diagnosed with HIV and AIDS bought an aging Miami Gardens hotel for $24 million.  AIDS Healthcare Foundation, led by president Michael Weinstein, acquired Stadium Hotel, a 217-room building at 21485

The penthouse at Regalia, a luxury condo tower in Sunny Isles Beach, finally secured a buyer, topping luxury residential sales activity last week across Miami-Dade County.  Buyers signed nine contracts between Aug. 4 and Aug. 10, according to the latest Eklund-Gomes report, which tracks listings of

Jenny Bernell’s Clearline Real Estate scored an $89 million construction loan for a 310-unit apartment project in Wynwood.  Clearline will start construction of the 12-story 2000 Wynwood on a 1.4-acre site at 2000 and 2010 North Miami Avenue and 2021 and 2025 Northwest Miami Court in Miami, accordin

Travel credit cards may be worth the cost as long as it fits your lifestyle. Otherwise, it may not make sense to have an expensive credit card in your wallet.

The Ghermezian family is still chasing the American Dream in Miami.  To the average person, it seems like the planned $4 billion, 6 million-square-foot entertainment and retail center in South Florida might never get built. It’s been seven years since Miami-Dade County commissioners approved a massi

Housing inventory growth has been slowing down since the last two weeks of June, as mortgage rates have been trending lower. However, last week we saw an actual decline week to week, which is rare for this time of year compared to recent years.  What does this mean? Has active inventory peaked? Our

On Saturday, President Donald Trump seemed to acknowledge reporting by The Wall Street Journal on Friday that he plans to IPO Fannie Mae and Freddie Mac by the end of this year. Trump posted an AI image on Truth Social of him at the New York Stock Exchange with the words: MAGA LISTED NYSE and The Gr

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The line between reverse mortgages and home equity sharing products got a little blurrier on Thursday when a Ninth Circuit Court of Appeals panel reversed a lower court’s dismissal order in a proposed class-action suit against Unison. The opinion found that the plaintiffs suing Unison have shown tha

Welcome back to Tech Pulse — HousingWire‘s weekly series rounding up the latest in technology news, including tools, integrations and trends that impact mortgage and real estate. Here’s what happened this week: ICE integrates Mortgage Analyzer with Freddie Mac’s borrower verification tool ICE Mortga

Analysts are tempering expectations after reports that the Trump administration aims to sell shares of Fannie Mae and Freddie Mac by the end of 2025 at a combined valuation of $500 billion — more than double some market estimates. They’re concerned about the feasibility of completing all necessary s

Paul Cejas, the chairman of PLC Investments and ambassador to Belgium under Bill Clinton, is planning an apartment project on Lincoln Road. Cejas’ proposal for the site 1600 Washington Avenue and 1601 Drexel Avenue in Miami Beach will be considered by the city’s Planning Board at its Sept. 9 meeting

Acre landed a $72 million refinancing for a 236-unit multifamily project on Miami’s waterfront. Nuveen Real Estate, part of TIAA, provided the three-year, floating-rate loan for Adela at MiMo Bay, a five-story apartment building facing Biscayne Bay at 6445 Northeast Seventh Avenue in Miami’s MiMo Bi

A manufactured homes firm and PGIM Real Estate bought a mobile home community with 377 homesites near Greenacres for $28.1 million.  Orem, Utah-based Havenpark Communities and Newark, New Jersey-based PGIM bought the Tavares Cove Mobile Home Park at 2315 Espana Real in unincorporated Palm Beach Coun

Ohio-based MLS Now will offer the Rayse client experience platform at no cost to its subscribers beginning Aug. 12, the organization announced. The service will be available through the MLS Now dashboard. MLS Now serves more than 13,500 real estate professionals in 36 Ohio counties. Rayse — which in

As artificial intelligence (AI) transforms housing, mortgage lending and real estate sales, industry leaders will gather Tuesday in Dallas for HousingWire’s AI Summit to discuss the opportunities and challenges presented by the emerging technology. Summit speakers include Eric Forney, director of ex