Sun West Mortgage Co. (SWM) has filed a lawsuit against First National Bank of Pennsylvania (FNB) for failing to repurchase two reverse mortgages worth more than $850,000 from Fannie Mae, alleging a breach of a 2017 settlement agreement.  The case involves reverse mortgages transferred from a bank a

NEXA Lending is continuing its legal battle against former employee Kristine Wake and has expanded its lawsuit, alleging that Wake and others misappropriated trade secrets, violated contracts and attempted to recruit NEXA employees to a competitor. The original suit, filed in May 2025 in the U.S. Di

Yamal Yidios’ Ytech secured $565 million in financing for the firm’s 70-story luxury condo tower that’s under construction in Miami’s Brickell.  The construction loan marks one of the largest to close in South Florida this year. J.P. Morgan is the senior lender, and Sculptor Real Estate is the junio

Ryanair CEO Michael O'Leary on Monday lambasted the U.K. government over its push to raise travel taxes.

Barstool Sports founder Dave Portnoy has threatened to move the company's headquarters out of New York City if Democratic socialist Zohran Mamdani claims victory in the mayoral election on Nov. 4. Portnoy, 48, who has an estimated net worth of around $250 million, founded Barstool Sports in 2003 in

ScandyCandy, La Coqueta | Palm Beach  The Royal Poinciana Plaza in Palm Beach scored two new tenants.  Swedish candy store ScandyCandy opened on Saturday, and British childrenswear boutique La Coqueta opened last month at The Current, a retail hub at The Royal Poinciana Plaza, according to the landl

In the latest roundup of South Florida real estate hiring news, brokerages are adding agent headcount in key markets.  Better Homes & Gardens Real Estate bought Castelli Real Estate Services, an 80-agent firm in Broward County, bringing its total headcount in the area to 250 agents, according to Cas

A skinny building here, a boldly painted property there—unique design choices are nothing new in the housing market. Yet lying behind a handful of the country's most distinctive dwellings are twisted tales of revenge that have become the stuff of legend. These "spite houses," which can be found in s

South Florida developers are increasingly looking to EB-5 funding to fill gaps in their capital stacks, as foreign investors rush to participate before the program expires.   The visa program, which provides green cards to investors and their immediate families whose funds lead to the creation of 10

In the gold rush that is real estate development in West Palm Beach, nothing is more valuable than the dirt on waterfront Flagler Drive.  But there is no vacant land left for sale. Aging condos inhabit the remaining development sites, their boards controlled by unit owners with differing opinions on

Scott Sherman still remembers when landlords could get top dollar asking rents for retail and restaurant spaces on Lincoln Road, the outdoor pedestrian mall in Miami Beach. “Eight years ago, rents got ridiculous,” Sherman, who leads Miami-based Torose Equities, told The Real Deal. “They went from $1

November brings big changes for some of The Real Deal’s markets. New York City begins saying goodbye to Mayor Eric Adams, who dropped his reelection bid in September after months of trailing in the polls.  In the final stretch of the mayoral election, Democratic nominee and frontrunner Zohran Mamdan

The New York City mayoral election has yet to be decided, but speculation over who will win and what policies they might put in place has already sparked the beginning of an exodus from the Big Apple. With Democratic Socialist candidate Zohran Mamdani leading in the polls—and promising sweeping tax

The Federal Reserve cutting interest rates again a quarter of a point is providing a boost to the housing market, but it's not necessarily enough to push people to make a home purchase. Mortgage interest rates are at 6.17% for the week ending Oct. 30, according to Freddie Mac. This is the fourth con

The gubernatorial showdown in New Jersey will finally come to an end Nov. 4, when residents elect either Rep. Mikie Sherrill (D) or former Assemblyman Jack Ciattarelli (R). It’s a closely watched race nationwide, and while electing either candidate will mean change for the Garden State, when it come

Potatoes, pie, and precipitation. That’s what awaits much of the country this Thanksgiving. The Old Farmer’s Almanac has released its end-of-month weather predictions, and while Americans prepare for family gatherings and copious amounts of food on Nov. 27, they may also want to have raincoats and s

A new benchmark for luxury bunkers has just been set in Fort Lauderdale, FL, where an extraordinary three-story megamansion that was built both to weather the area's most aggressive storms and provide a luxury lifestyle unlike any other, has hit the market for just under $15 million. The lavish thre

The Real Deal‘s Miami Forum is this week. Don’t go unprepared: Here’s a primer on the South Florida real estate market.  Macro issues are affecting the tri-county region. President Trump’s immigration policies threaten population growth in South Florida, which trickles down to fewer renters signing

Behind a long tree-lined drive in a quiet countryside community stands an esteemed estate that once belonged to one of the most respected federal judges in American history. Now listed for $5.75 million, the historic property in Bedford Hills, NY, was built in 1906—and was, for many years, home to J

The unsung hero of the housing market in 2025 has been the improvement in mortgage spreads, because without the spreads improving as much as they have, mortgage rates would not have gotten near 6% this year. I forecast that mortgage spreads should improve by 0.27%-0.41% this year, from a 2.54% avera