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.
Billionaire Patrick Dovigi’s waste management firm linked to $17M Five Park penthouse purchase

An LLC tied to waste management mogul Patrick Dovigi’s company paid $17.5 million for a penthouse at Five Park in Miami Beach. The developer, a joint venture between Russell Galbut’s GFO Investments and David Martin’s Terra, sold penthouse 4702 at 500 Alton Road, records show. A company managed by
Read MoreNAR moves to dismiss California agent antitrust suit

It’s been just over a month since real estate agent John Diaz refiled his lawsuit in U.S. District Court in Sacramento, but the National Association of Realtors (NAR), along with other state and local associations, are already asking the court to dismiss it. On Monday, NAR and the California Associa
Read MoreHersh Equity expands South Florida industrial portfolio with $47M purchase

Hersh Equity Group bought a warehouse complex in Broward County for $47.2 million, expanding the boutique firm’s South Florida industrial portfolio. Boynton Beach-based Hersh Equity, led by Juda Hersh and Corey Schwartz, bought six warehouses at 5801-5897 Southwest 21st Street, 5901-5981 Southwest 2
Read MoreERA Real Estate firms merge in Atlanta

Two established Atlanta metro-area real estate firms — ERA Foster & Bond and ERA Sunrise Realty — have merged, combining operations under a single brokerage that now includes more than 175 agents and six office locations.The combined firm now has a Georgia footprint that extends across Atlanta, Cant
Read MoreFederal regulators scrap 2023 CRA rule

Three federal banking regulators announced on Wednesday the rescission of the Community Reinvestment Act (CRA) final rule issued in October 2023.The decision made by the governing boards of the Federal Reserve System, the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insura
Read MoreBlend, Doma expand partnership with title solution integration

Blend Labs Inc. and Doma Technologies LLC announced on Wednesday an expanded partnership to bring Doma’s AI-powered instant title decisioning technology to lenders through Blend’s home lending platform.Lenders using Blend’s mortgage and rapid home lending solutions can now access instant title decis
Read MoreThe success reset: How real estate agents can rebuild, relearn, and rise again

Whether you’re just starting your real estate journey or hitting the reset button after a tough season, I want you to hear this: You didn’t choose an ordinary career — because this isn’t an ordinary industry.Real estate will stretch you. It’ll challenge you. It’ll ask you to grow in ways you didn’t
Read MoreFidelity National, FHFA announce collaboration on ‘innovative title solutions’

Fidelity National Financial (FNF) and the Federal Housing Finance Agency (FHFA) have agreed to collaborate on “innovative title insurance solutions,” news that was first shared on social media by FHFA Director Bill Pulte.“I had great conversations with industry today, including the CEO of Fidelity N
Read MoreBill aims to construct homes with proceeds from future GSE release

U.S. Reps. Tom Suozzi (D-N.Y.) and Nicole Malliotakis (R-N.Y.) have introduced the Housing for US Act — a bipartisan proposal aimed at easing the national housing shortage by investing federal funds into the construction of millions of new homes for middle-class Americans.The bill, which is currentl
Read MoreAtlantic Pacific proposes 71-unit affordable housing project on Liberty City’s Carver Theater site

Atlantic Pacific Companies plans to redevelop the long-closed Carver Theater in Liberty City with a 71-unit affordable housing project. The Miami-based company plans the 11-story Lofts at Carver Theater building on the half-acre site at 6016 Northwest Seventh Avenue in Miami, according to an applic
Read MorePremier Estate Properties inks lease for second Palm Beach office

Premier Estate Properties inked a lease for its second office in Palm Beach. The Bankers Row office will be led by top agent Margit Brandt and will be just for her team, according to a press release. Brandt joined Premier in 2022, and since then has closed more than $1 billion in sales, the release
Read MoreHellman Jordan founder sells lakefront Palm Beach estate for $87M

Hellman Jordan founder Jerry Jordan and his wife, Darlene Jordan, sold their lakefront estate in Palm Beach for $86.5 million, marking the most expensive home sale on the island so far this year. Records show the Jordans sold the mansion at 203 South Lake Trail to a trust named for the address and
Read MoreTurmoil at Brickell condo complex over money and power

A group of unit owners at a two-tower condo on Brickell Avenue in Miami voted to oust their association president in late November, as they were fed up with a series of his and the board’s actions that included enacting a $21 million special assessment and eliminating electronic voting. But Jacob K
Read MoreOne Royal Palm Way closing tops Palm Beach County weekly condo sales

Palm Beach County’s condo sales and dollar volume dropped slightly last week. Brokers closed 59 condo sales totaling $24.8 million from July 7 to July 13. That’s down from 62 condo sales totaling $25.8 million the previous week. Last week’s units sold for an average of $420,076, higher than th
Read MoreHere are 10 of the most expensive cities for high-net-worth individuals, according to a new report

Singapore tops the list as the most expensive city globally for high-net-worth individuals, according to Julius Baer's 2025 Global Wealth and Lifestyle Report.
Read MoreMiami Dolphins’ Tua Tagovailoa sells Davie home

Miami Dolphins quarterback Tuanigamanuolepola “Tua” Tagovailoa sold his Davie home. Tagovailoa sold his five-bedroom, four-and-a-half-bathroom house at 10972 Pine Lodge Trail in Broward County, according to the listing for the property. The 5,076-square-foot home sits on a 0.8-acre lot on a lake. I
Read MoreMoishe Mana scores $150M refi for 56-property portfolio in Miami’s Wynwood

Moishe Mana scored a $150 million refinancing for his expansive property portfolio in Wynwood. The loan covers 56 properties in Miami’s arts district and was provided by WFL Lender, a Delaware-registered entity, according to the mortgage record. The properties surround his Mana Wynwood Convention C
Read MoreJoby Aviation says it is doubling production at its air taxi manufacturing hub

The eVTOL maker has already delivered its first air taxi to the United Arab Emirates, with plans to launch service in the region next year.
Read MoreGroup P6 and Mill Creek score approval for 306-unit multifamily project in Boca Raton

Group P6 and Mill Creek Residential scored final approval for a 306-unit apartment building in downtown Boca Raton, marking continuing multifamily development in South Florida. The Boca Raton Community Redevelopment Agency voted in favor of the 12-story Modera Boca project on Monday, according to t
Read MoreTop North Carolina agent Tammy Register joins eXp Realty, brings 15-agent team

Tammy Register — a veteran real estate leader in North Carolina’s Triangle region — has joined eXp Realty along with her 15-agent team and five operational staff members.Based in the Raleigh-Durham, North Carolina, metro area, The Tammy Register Team closed more than $88 million in sales volume acro
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