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.
$12M Boca Raton spec mansion tops signed contracts

A waterfront spec mansion in Boca Raton asking $12 million was the most expensive listing to find a buyer in Palm Beach County last week. Buyers signed 12 contracts between July 28 and Aug. 3 for luxury properties in Palm Beach County, according to a market report from Douglas Elliman’s Eklund-Gomes
Read MoreSouth Florida developer, real estate attorney Isaac Kodsi dies at 59

South Florida developer and longtime real estate attorney, Isaac Kodsi, died last weekend at the age of 59. Isaac founded and led Ark Capital Group, a Pembroke Pines-based real estate investment firm that specializes in debt and equity for projects that are under $50 million. “We are deeply sadden
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Ezio’s Steakhouse | Miami Beach An Italian-inspired steakhouse and seafood restaurant will open at Lefferts’ recently completed 72 Park condo tower in Miami Beach. Ezio’s Steakhouse, co-founded by Brandon Hoy and chef Carlo Mirarchi, leased 2,200 square feet on the ground floor of the 22-story,
Read More Miami-Dade weekly condo sales hit $105M

Miami-Dade County’s condo dollar volume dipped last week, despite an increase in sales. Brokers closed 97 condo sales totaling $104.6 million from July 28 to Aug. 3. The previous week, brokers closed 88 condo sales totaling $110.8 million. Last week’s units sold for an average of $1,078,191, lower
Read MoreAlaska Airlines to launch London, Iceland flights, debut new livery for international expansion

Alaska Airlines is adding to its international expansion with new flights to London and Iceland.
Read MoreU.S. to require some travelers post up to $15,000 bonds to enter: What to know

The United States is launching a pilot program that could see some inbound travelers paying bonds of up to $15,000 to enter.
Read MoreDRA jumps into Miami’s Allapattah with $74M multifamily acquisition

DRA Advisors is dipping into Miami’s Allapattah multifamily market, acquiring a 263-unit apartment complex for $73.5 million. An affiliate of New York-based DRA, led by David Luski, bought Modera Skylar at 1444 Northwest 14th Avenue, records and real estate database Vizzda show. The buyer also assum
Read MoreAnheuser-Busch heirs buy Wellington equine facility for $25M

Scions of the Anheuser-Busch family dropped $24.5 million on a 42.1-acre equestrian facility in Wellington. Records show PBESC LLC, a Florida entity managed by Stephen A. Orthwein Jr. and linked to his uncle, Peter Busch Orthwein, bought the Palm Beach Equine Sports Complex at 13056 Pierson Road. Th
Read MoreOlympus Property expands South Florida multifamily portfolio with $46M purchase

Olympus Property boosted its South Florida multifamily portfolio after acquiring a recently completed Miami project for $45.9 million. An affiliate of Fort Worth, Texas-based Olympus, led by founder Chandler Wonderly, bought The Fifteen Miami, an Allapattah nine-story complex with 132 apartments at
Read MoreMore than 3,000 Boeing defense workers go on strike after rejecting contract

More than 3,000 Boeing defense workers go on strike.
Read MoreTimbaland finds buyer for Coral Gables mansion asking $16M

Grammy award-winning artist Timbaland signed a contract to sell his Coral Gables mansion, topping luxury residential sales activity last week across Miami-Dade County. Buyers signed 12 contracts between July 28 and Aug. 3, according to the latest Eklund-Gomes report, which tracks listings of homes
Read MoreMovers & Shakers: Colliers adds Miami VP

Real estate firms are staffing up in their South Florida offices. Colliers brought in Frankie Castellanos as vice president in its Miami office, a press release shows. Castellanos joins the firm from Cushman & Wakefield, where he worked for six years, most recently as a director. In his role with C
Read MoreBain Capital, 11North pay $395M for portfolio of 10 shopping centers, mostly in Florida

Bain Capital Real Estate and 11North Partners bagged 10 open-air shopping centers for $395 million, with the portfolio heavily weighted toward the Sunshine State and specifically South Florida, The Real Deal has learned. Boston-based private equity firm Bain and New York-based retail investment fi
Read MoreInside the Ghermezians’ fight to keep $4B American Dream alive in Miami

It takes serious imagination to envision dropping a 16-story indoor ski slope near swampland in South Florida. That’s why the Ghermezian family, owners of the three largest shopping centers in North America, may be the only developers willing and able to pull it off. The ski slope is among the ente
Read MoreMeet Alexandra Eichner, next in line at the Continuum Company

It all started with lunch. Developer Ian Bruce Eichner took his daughter, Alexandra, to the Little Beet in New York for veggie-forward bowls. Before accepting the invitation and picking the spot, she said, “Dad, no disrespect, but what’s the agenda? There’s no casual lunch with you,” her father, w
Read MoreWhy a rumor on social media caused a drop in summer trips to Japan

Visitor interest in Japan plunged in June, amid a prophecy in a manga that predicts a "disaster" would strike Japan in July 2025.
Read MoreThe Weekly Dirt: Is Miami’s drop in foreign buyers overstated?

Some condo developers are reporting good news. Ricardo Dunin is among them. He says his sales team secured contracts for 77 condo sales at his two condo-hotel projects in Brickell, Domus Brickell Park and Domus Brickell Center, within the last 70 days or so. (The average price of the units is $584,
Read MoreThe AI 'algorithmic audit' could be coming to hotel room checkout

AI is already influencing bills at the car rental counter. Your hotel room charges and dinner check could be next.
Read MoreJFK airport's $9.5 billion international terminal is taking shape. See what's inside

JFK's new fully-international-travel dedicated terminal opens in mid-2026.
Read MoreThis is the 'No. 1 reason' to buy the early boarding upgrade, travel expert says

If you want to keep your carry-on item close to you on a flight, or secure space in an overhead bin, consider these features, experts say.
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