Luxury is an experience not a price point
Landowners propose 65-acre expansion of Miami-Dade’s UDB for 1,200-unit resi project

A group of landowners want to expand Miami-Dade County’s Urban Development Boundary by 64.8 acres for a mixed-use project with over 1,000 residential units. The Urban Development Boundary, or UDB, aims to restrict suburban sprawl east onto Biscayne National Park and west onto the Everglades, as wel
Read MoreSouthern California luxury brokerage joins eXp Realty

The nation’s top brokerage by transaction side count, eXp Realty, is continuing to add agents. On Wednesday, eXp announced that Southern California-based independent brokerage Palm Realty Boutique was joining the firm. Founded by Brett Zebrowski, Palm Realty Boutique serves clients in the South Bay
Read MoreLarsa Pippen’s new Miami house revealed

“The Real Housewives of Miami” star Larsa Pippen paid $5.4 million for a home in Pinecrest last year, The Real Deal has learned. Pippen revealed that she bought a “nice house” in Miami on a recent episode of the Bravo reality TV show. The businesswoman and ex-wife of retired NBA champion Scottie Pi
Read MoreCompass, Zillow iron out lawsuit discovery terms

Compass and Zillow might disagree on many things, but when it comes to the proposed parameters of their expedited discovery, the two adversaries managed to agree on a few items. In a joint letter filed on Monday addressed to Judge Jeanette A. Vargas, the parties outlined their proposals for the exp
Read MoreLuxury boom helps fuel boutique brokerages in South Florida

The top broker in Palm Beach County isn’t with Douglas Elliman, Corcoran Group or Compass. It’s David Roberts, owner of Royal Palm Properties, a one-broker firm that focuses on the gated community for which it is named: Royal Palm Yacht & Country Club. Roberts closed more than $636 million in on-ma
Read MoreCould Social Security beneficiaries soon face more hurdles?

After a public backlash against the Social Security Administration (SSA) earlier this year, the federal agency said it would walk back some of its plans that would’ve required more beneficiaries to make in-person office visits. But a report released this week by the Center on Budget and Policy Prior
Read MoreMoxiWorks Founder York Baur joins Lone Wolf as chief industry relations officer

Lone Wolf Technologies has named York Baur its new Chief Industry Relations Officer, bringing one of the real estate industry’s most recognized tech leaders into its executive team. Baur is best known for his role as founding CEO of MoxiWorks, a real estate software platform that now supports over 8
Read MoreLongpoint’s South Florida spending spree continues with $82M Doral industry portfolio buy

Longpoint picked up another batch of South Florida industrial warehouses, dropping $82 million for a Doral portfolio. The Boston-based firm, led by Dwight Angelini, bought America’s Gateway Park, a collection of six industrial buildings spanning 302,000 square feet at 8901 Northwest 20th Street, 201
Read MoreRetail vacancies creep up across South Florida

Across South Florida, retail landlords experienced more tenants moving out of spaces than tenants moving in during the second quarter, according to a recent Colliers report. As a result, the vacancy rate in the tri-county region took a slight hit and average asking rents in Miami-Dade and Palm Beach
Read MoreTsunami waves reach California and Hawaii after massive earthquake in Russia

The earthquake, which struck early Wednesday, triggered evacuation orders in Hawaii and Japan.
Read MoreBrett Harris leaves Douglas Elliman for Bespoke

Top Miami Beach broker Brett Harris left Douglas Elliman after a decade to join Bespoke Real Estate as a founding portfolio manager in Miami, The Real Deal has learned. Harris has closed more than $2 billion in sales volume over his nearly 20-year career, according to Bespoke. He’s worked closely w
Read MoreSummer slowdown: Palm Beach County weekly condo sales drop to $24M

Palm Beach County’s condo sales and dollar volume dipped last week. Brokers closed 57 condo sales totaling $23.5 million from July 21 to July 27. That’s down from 77 condo sales totaling $34.3 million the week prior. Last week’s units sold for an average of $411,834, lower than the $445,079 average
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Evacuations were ordered across the Pacific Ocean after a magnitude 8.8 earthquake struck off Russia's Far Eastern Kamchatka Peninsula on Wednesday.
Read More Russia massive earthquake triggers tsunami warnings: Here's what we know so far

The earthquake, which struck early Wednesday, triggered evacuation orders in Hawaii and Japan.
Read MoreWhy we should be cheering for the mom-and-pop investors in the housing market
One of the most persistent lies about U.S. economics post-COVID-19 is that Wall Street has been a major buyer of homes in America and that’s the reason home prices have escalated out of control. The role of investors in the housing market is back in the news again, but I want to look at this topic f
Read MoreGlenn Sanford returns to lead SUCCESS Enterprises

Glenn Sanford has returned to SUCCESS Enterprises as publisher and managing director. Sanford — the founder of eXp Realty and CEO of eXp World Holdings — announced the move alongside the launch of SUCCESS+, an artificial intelligence (AI)-driven global platform aimed at providing professional develo
Read MoreTodd Nepola expands South Florida shopping center portfolio with $33M buy

Real estate investor Todd Nepola padded his South Florida shopping center holdings with a $33 million acquisition in Miami Gardens. An entity managed by him bought County Line Shopping Center at 21301-21495 Northwest Second Avenue, Nepola told The Real Deal via email. The 166,500-square-foot retail
Read MoreStellar MLS launches market, neighborhood reports for agents

Stellar MLS — the largest multiple listing service in Florida and Puerto Rico — has launched IO Reports, a new tool that offers subscribers access to neighborhood and market insights for any address in the U.S.The new feature — provided in partnership with location intelligence company Local Logic —
Read MoreSenate bill would add unconverted crypto to mortgage underwriting equation

A new bill introduced in the Senate would require Fannie Mae and Freddie Mac to consider unconverted digital assets in mortgage underwriting. Sen. Cynthia Lummis (R-Wyo.) introduced the legislation, known as the 21st Century Mortgage Act, on Tuesday.S.B. 2471 is a response to a directive from Bill P
Read MoreLongbridge hires Azita Guzzo to head up tech innovation efforts

Longbridge Financial, one of the nation’s leading reverse mortgage lenders, on Tuesday announced the hiring of Azita Guzzo as its new head of technology innovation. Guzzo will fill a newly created role at Longbridge. She’s being tasked with the development of advanced technology solutions for enhanc
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