Southwest Florida Real Estate News and Market Insight
Market data, mortgage rate movement, housing policy, and property news from across the country and here at home in Collier and Lee counties. Anything that affects what a home in Naples, Bonita Springs, or Estero is worth, and what it costs to own one, is worth understanding before it shows up in your closing statement or your tax bill.
In $25M deal, JBL adds Broward shopping center to retail portfolio

JBL Asset Management’s South Florida retail portfolio experienced a growth spurt with a $25 million Broward shopping center purchase. Hollywood-based JBL, led by Jacob Khotoveli, acquired Palm Square, a 77,621-square-foot center with two outparcels that is 94 percent occupied, a press release state
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Fox News host Kat Timpf has candidly opened up about the grueling experience of being diagnosed with breast cancer just hours before she gave birth to her first child—while revealing the criticism she has faced from some "Gutfeld!" viewers over her decision to continue working even after becoming a
Read More Here’s what’s next for the 38-acre Miami Seaquarium site

Developer David Martin has set his sights on his next challenge, a redevelopment of the Miami Seaquarium property in Key Biscayne. An affiliate of his Coconut Grove-based firm, Terra, has a $22.5 million deal in place to take over the lease for the 38-property at 4400 Rickenbacker Causeway, which i
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Former rapper and current real estate mogul Vanilla Ice is parting ways with one of his Texas investments—and it could be yours for $409,000. The real estate investor once told Steve-O on his podcast, "Steve-O's Wild Ride," that he started "buying homes all over the country." He never lived in them,
Read More Sellers in Top Buyer’s Markets Are Sweetening Deals With Discounts

Sellers eager to offload their properties in inventory-rich, buyer-friendly markets are increasingly turning to price cuts as a way to attract shoppers—but mostly at certain price ranges. Price cuts have emerged as the go-to strategy among sellers this year in the face of slowing housing market acti
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New Zealand country star Kaylee Bell feels right at home on stage, having been a standout contestant on "The Voice Australia" before going on to tour with music superstars like Brad Paisley, Kane Brown, and Ed Sheeran. Yet when Bell, 35, is not performing on the road, or writing and recording music
Read More California MBA names Paul Gigliotti new CEO as Susan Milazzo retires

The California Mortgage Bankers Association (California MBA) announced a leadership transition on Wednesday, noting the retirement of longtime CEO Susan Milazzo and the appointment of Paul Gigliotti as her successor. Milazzo, who has served the association for two decades, will stay on as a consulta
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The Yankees and Red Sox are battling again in October, and while these two teams have more than 100 years of beef between them, the real rivalry might be off the field—in the housing market. Since 2021, the last time these teams clashed in the postseason, home prices in both metros have soared more
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A stunning California castle that was tailor-made for modern-day royalty has hit the market for a staggering $29.5 million—a price that includes all manner of regal design features, from shimmering chandeliers to gold leaf accents. Though the luxury Thousand Oaks dwelling was built in 2001, it has a
Read More FICO bypasses credit bureaus with new program for mortgage lenders

Fair Isaac Corp. (FICO) has launched a program allowing tri-merge resellers to calculate and distribute its scores directly to mortgage companies, effectively bypassing the three nationwide credit bureaus: Equifax, TransUnion and Experian. The move comes amid intensified competition with VantageScor
Read MoreDuell scion drops $28M on Forté on Flagler PH

Benjamin Duell, a scion of New York real estate’s Duell family, dropped $28.3 million on a penthouse in the recently completed Forté on Flagler in West Palm Beach. Records show WPB Lower Penthouse LLC, a Florida entity managed by Duell, bought unit 2401 at 1309 South Flagler Drive from an affiliate
Read MoreResidents Defy Eviction From Mobile Home Park—4 Months After City Declares It Unsafe

Four months after Riverside Mobile Home Park in Toledo, OH, was condemned as “unfit for human habitation,” tenants are still living there. With the water shut off and demolition crews on standby, residents say they have nowhere to go. “We’re trying all the time to find a place,” Susan Luttrell, one
Read MoreFannie and Freddie waive some loan requirements amid shutdown

Government agencies and enterprises issued guidance on Wednesday for mortgage lenders and servicers during the current government shutdown, which affects federal employees, services, contractors, vendors and other businesses. Fannie Mae and Freddie Mac are waiving some requirements for lenders due t
Read MoreWhy the FTC is targeting Zillow and Redfin’s rental deal

Despite rumors earlier this year that the Federal Trade Commission (FTC) was investigating Zillow and Redfin over their $100 million rental syndication deal, the announcement that the FTC was suing the two companies still carried an element of surprise. “This shows that the Federal government is sti
Read MoreAEW, Mast Capital sell 342-unit apartment building on Miami River for $108M

AEW Capital Management and Mast Capital sold the Remi on the River apartment building on the Miami River for $108.4 million. Boston-based AEW and Coconut Grove-based Mast sold the eight-story, 342-unit property they completed last year at 999 Northwest Seventh Street in Miami, according to records
Read MoreTitle insurance premiums rise to $4.5B in Q2

Title insurers generated $4.5 billion in premiums during the second quarter of 2025, up from $4.1 billion a year earlier, according to the American Land Title Association’s (ALTA) latest Market Share Analysis. “The title insurance industry continues to demonstrate resilience and reliability, even as
Read MoreKerzner, 13th Floor plan first Siro hotel in the US in Brickell

Arnaud Karsenti’s 13th Floor Investments is partnering with a Dubai-based hospitality firm to develop the first Siro hotel in the U.S. in Miami’s Brickell. 13th Floor and Ian Ludmir’s Forse Holdings, both based in Miami, are the local partners of Kerzner International’s planned Siro Brickell, Miami
Read MoreHomebuyers Can Score 1.99% Mortgage Rates on a New-Construction Home

After a slow summer for home sales, buyers are making it clear that newly built homes are in, with new-home sales jumping 20.5% higher in August. In comparison, pending home sales edged up just 4% in the same month, according to the National Association of Home Builders. Among the reasons was easing
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The judge overseeing Sean "Diddy" Combs' trial has denied the rapper's request to overturn his two prostitution-related convictions—meaning that the music mogul's planned sentencing will go ahead on Friday. Diddy's lawyers had submitted a motion to toss out his convictions on two counts of transport
Read More CrossCountry seeks dismissal in kickback suit

CrossCountry Mortgage has asked a federal judge to dismiss a lawsuit alleging the lender engaged in an illegal kickback arrangement with a Raleigh real estate firm. Homebuyer Jeremiah VonBlohn, who filed suit at the end of July, claims his agent at Raleigh Realty directed him to CrossCountry in 2022
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