Luxury is an experience not a price point
Ex-Dodgers player lists Miami Beach spec house for $75M

Alex Guerrero is out to prove he has an ear for luxury real estate. The former Los Angeles Dodgers infielder listed a spec home at 3100 North Bay Road in Miami Beach for $75 million, the Wall Street Journal reported. He purchased the waterfront site only two years ago for $13.6 million. The home is
Read MoreSummer slowdown: Miami weekly condo sales slump to $68M

Miami-Dade County’s condo sales and dollar volume dropped in the second week of June, as the summer slowdown begins. Brokers closed 89 condo sales totaling $67.7 million from June 6 to June 14. The previous week, brokers closed 123 condo sales totaling $115.1 million, marking a 41 percent drop in d
Read MorePartner accuses Canero Group of “fraudulent scheme” involving Miami-Dade projects

A fallout between Canero Group’s principals and a high-profile partner has sparked allegations of fraud and mismanagement involving six projects in Miami and Homestead. Justin Rundle, a real estate investor and son of Miami-Dade State Attorney Katherine Fernandez Rundle, alleges Jose Canero Sr. and
Read MoreSpec developer sells waterfront West Palm Beach home for $28M, down from $40M ask

Spec developer Steve Bendat’s Aquantis Group sold a waterfront spec home in West Palm Beach for $28.2 million. Records show an Aquantis affiliate sold the home at 3030 Washington Road to WY1968 LLC, a Florida entity managed by private equity bossJessica Fenwick. Stephanie Mordes with Aquantis Realt
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A third tower at the Aria Reserve condo complex, a pair of apartment buildings near Margaret Pace Park, and a Live Local Act project could be the latest projects to rise in Miami. The city’s Urban Development Review Committee will review the three proposals at its meeting on Wednesday. Miami-based
Read More Melo plans 1,600 units in Edgewater, Bazbaz proposes its second Miami Live Local Act tower

A third tower at the Aria Reserve condo complex, a pair of apartment buildings near Margaret Pace Park, and a Live Local Act project could be the latest projects to rise in Miami. The city’s Urban Development Review Committee will review the three proposals at its meeting on Wednesday. Miami-based
Read MoreGriffis drops $87M for downtown West Palm apartment tower

Woodfield Development sold a 223-unit apartment tower in downtown West Palm Beach for $87 million. The deal marks a slight uptick in South Florida multifamily sales after a drought of deals due to elevated interest rates and other economic headwinds. Greenwood Village, Colorado-based Griffis Resid
Read MoreReal estate investor finds buyer for $47M Gables Estates mansion

Real estate investor Rafael Perez secured a buyer for his waterfront Gables Estates mansion, asking $47 million. The pending sale led last week’s Eklund-Gomes report. Buyers signed 25 contracts for luxury properties in Miami-Dade County between June 9 and June 15, according to the report, which tr
Read MoreGaming streamer pays record $26M for 10-acre Davie estate

A massive estate in Davie sold for $25.5 million, marking a record for home sales in the western Broward County town. Adin Ross, a 24-year-old internet personality and gaming streamer, bought the home via an LLC, according to property records. Ross financed the purchase with a $12.7 million mortgag
Read MoreLease roundup: Alo Yoga on tap in Brickell; SoleFly, Japanese pancakes café coming to Doral

Alo Yoga, Massimo Dutti, Vuori | Miami Swire Properties’ Brickell City Centre scored eight tenants. In the biggest lease, global fashion label Massimo Dutti will open a 6,100-square-foot store at the mixed-use complex in Miami’s Brickell, according to a Brickell City Centre news release. Alo Yoga
Read MoreMovers & Shakers: Bainbridge Companies taps facilities VP

In the latest roundup of South Florida real estate hiring news, firms made leadership moves. Wellington-based Bainbridge Companies hired Kevin Kochersperger as vice president of facilities, according to a press release. Kochersperger joins the firm from his previous role as director of facilities ma
Read MoreHow South Florida builders are prepping for hurricane season

Hurricane season is on, and South Florida’s real estate industry is preparing. Hundreds of projects are under construction across the region, and all are at risk of damage and delays if a hurricane makes landfall. Preparation is paramount, industry experts say, as forecasters expect another very act
Read MoreBoeing Dreamliner crash, military escalations darken mood at Paris Air Show

The trade event is a big draw for the industry every year, as Boeing, Airbus and other aerospace giants host parties, sign deals and show off new aircraft.
Read MoreElevated mortgage rates aren’t discouraging homebuyers
Why aren’t home sales crashing as they did in 2022? Right now we have elevated mortgage rates, trade war uncertainty, rising property taxes and home insurance, terrible consumer confidence data and a downgrade of the government’s debt, among other factors. But, housing demand continues to hold up, s
Read MoreAirlines divert, suspend flights after Israel's strike on Iran closes airspace in Middle East

Several flights diverted after Israel's Iran strikes early Friday while Delta and United canceled their service to Tel Aviv.
Read MoreSeattle housing market wrestles with crippling affordability concerns
On the surface, Seattle’s housing market looks like any other in the country.The inventory of single-family homes for sale is up substantially year over year. New listings are up slightly, sales remain subdued and home prices aren’t moving much. That’s the story in the majority of housing markets.Bu
Read MoreComfortable city living usually requires a six-figure salary

Homeownership in many of America’s largest cities now demands a six-figure salary to sustain a comfortable lifestyle — with some regions requiring more than $300,000 annually.A new analysis by GOBankingRates ranked the top 50 U.S. cities by the income necessary to afford a comfortable standard of li
Read MoreAmericans are divided over housing impacts of immigration, tariffs

A new Redfin survey reveals sharp divides among Americans over how immigration and tariffs are affecting housing affordability, reflecting a complex and politically charged landscape.More than half of U.S. homeowners and renters (51.2%) believe that reducing immigration could worsen housing affordab
Read MoreIn Chicago, a reverse mortgage scammer left a lasting scar

Mark Diamond has been sentenced to 17 years in federal prison for his crimes against elderly homeowners, but the scars from the damage he inflicted across the Chicago metro area are still visible.A recent report from a local publication, the South Side Weekly, detailed one family’s struggle to recov
Read MoreTech Pulse: UWM challenges industry AI fear; Optimal Blue automates refi opportunities

Welcome back to Tech Pulse — a new weekly series rounding up the latest in technology, including tools, integrations and trends impacting mortgage and real estate.Here’s what happened this week:UWM’s Jason Bressler challenges the fear-driven narrative around AI in mortgage lendingAt HousingWire’s Th
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