Billionaire Related Ross Chairman and CEO Steve Ross secured $600 million in financing for his planned South Flagler House condo project in West Palm Beach. It marks the largest condo construction financing in South Florida so far this year.  Bank OZK provided $475 million as the senior secured lend

Cara Petersen, who has served as the principal deputy enforcement director at the Consumer Financial Protection Bureau (CFPB) since late 2017, resigned this week with a letter that’s highly critical of the enforcement posture at the bureau under the new administration of President Donald Trump.Peter

An oceanfront mansion in Palm Beach asking $45 million led signed contracts in the county last week. Buyers signed 14 contracts between June 2 and June 8 for luxury properties in Palm Beach County, according to a market report authored by Douglas Elliman’s Eklund-Gomes team. The properties totaled $

A federal judge on Tuesday refused to block a landmark New York City law that will shift responsibility for paying broker fees from renters to landlords — clearing the way for the Fairness in Apartment Rental Expenses (FARE) Act to take effect on Wednesday.U.S. District Court Judge Ronnie Abrams den

In the wake of the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement, RealTrends Consulting co-founder Steve Murray predicted a new wave of industry consolidation. “Almost any time in history the U.S. federal government gets involved in this kind of litigation against

South Florida’s office values are recalibrating.  From late 2020 through 2022, the tri-county region became a magnet for out-of-state companies, prompting a leasing flurry, record rents and voracious investment sales appetite.  The bonanza pushed up office values to their peak since at least the Gre

As the economic situation for many Americans continues to evolve due in part to the cost of housing, one Democratic member of the House of Representatives used her time on the floor Tuesday to call for more action to address rising housing expenses.Rep. Shontel Brown (D-Ohio) on Tuesday introduced a

The former chief financial officer of cloud-based real estate firm The Real Brokerage has filed a federal lawsuit alleging she was pushed out of the company after becoming pregnant and taking maternity leave.Michelle Ressler, who was relieved of her role as CFO in April, claims in the suit that Real

Rocket Pro is partnering with Vetted VA, which provides education to veterans and training to loan officers to give veterans better access to home loan benefits.The partnership, announced on Tuesday at The Gathering by HousingWire, will involve the training of Rocket staff and LOs by Vetted VA so th

Simon Property Group is JCPenney’s new landlord at Dadeland Mall in Kendall, acquiring the ground lease for the big box store for $15.6 million. An affiliate of Indianapolis-based Simon, led by David Simon, bought the leasehold interest in the 190,962-square-foot department store at 7201 Kendall Dri

Lisa Hedley, the stepsister of former Treasury Secretary Steve Mnuchin, sold a waterfront Palm Beach house for $23.8 million. Records show Hedley and her husband, Walter D. Wick, sold the house at 173 East Inlet Drive to a trust named for the address and managed by Daniel P. Tighe. The true buyer is

Boeing booked 303 gross orders in May, the most since December 2023.

Douglas Elliman executive Susan de França liked an Elliman development so much, she bought a unit there.  Property records show de França, president and CEO of Elliman Development Marketing, paid $6.5 million for a condo at Alina Residences, a luxury project at 200 Southeast Mizner Boulevard in Boca

Miami-Dade County’s condo sales and dollar volume dipped in the first week of June.  Brokers closed 123 condo sales totaling $115.1 million from May 30 to June 7. The previous week, brokers closed 129 condo sales totaling $151.4 million. Last week’s units sold for an average of $935,700, lower than

Concerns about higher costs and political perceptions weighed on U.S. travel sentiment, the European Travel Commission said.

The heads of Mexico’s largest real estate investment trust, Fibra Uno, dropped $17.9 million on another condo at Sunny Isles Beach’s Estates at Acqualina. Records show Daniel Shiff sold unit TS-4205 at 17901 Collins Avenue to Estatemann South LLC, a Florida entity managed by Moises and Andre El-Mann

New York Life Real Estate Investors bought a medical office complex in Pembroke Pines for $38.3 million.  The real estate arm of insurance giant New York Life purchased Pembroke Pines Medical Plaza at 400, 500, 600 and 700 North Hiatus Road from an affiliate of Aventura-based Triarch Capital Group,

Amazon billionaire Jeff Bezos could soon have a new neighbor in Indian Creek.  The lot next door to Bezos’ property, asking $130 million, is in contract to sell to an “international finance executive” for $110 million, the Wall Street Journal first reported.  The pending sale of the site at 9 Indian

Crescent Heights sold its headquarters in Miami’s Edgewater to Trilogy Real Estate Group for $41.9 million, The Real Deal has learned.  Chicago-based Trilogy, led by Neil Gehani and Ian Kok, plans a mixed-use project with condos and apartments on the 2-acre property at 2200 Biscayne Boulevard in Mia

West Elm | Wynwood | Miami  West Elm will open at the Dorsey mixed-use building in Miami’s Wynwood.  The furnishings brand leased more than 12,000 square feet at the 12-story building at 286 Northwest 29th Street, according to the landlords’ news release.  The store is expected to open in the second