Russell and Marisa Galbut’s GFO Investments scored a $54 million construction loan to build a new Whole Foods-anchored retail building in Miami Beach.  Miami-based Ocean Bank provided the financing, records and real estate database Vizzda show. An affiliate of Miami-based GFO paid $15 million for th

Three co-developers have found buyers for about 40 percent of the units at Eturna, a boutique condominium on Hollywood Beach, and expect to complete construction of the project by fall. They say pre-construction buyers have agreed to purchase 15 units in the seven-story, 36-unit development at price

Broward County’s condo sales and dollar volume rose last week.    Brokers closed 120 condo sales totaling $35.2 million from June 14 to June 22. The previous week, brokers closed 99 condo sales totaling $30.3 million.    Last week’s units sold for an average of $293,057, lower than the $306,049 aver

President Trump has started Operation Shadow Fed President, with news breaking Wednesday night that he has identified several candidates for the next Federal Reserve chairman. Under this strategy, the president selects a new Federal Reserve chair well before they can officially assume the role and t

The rapid rise in home prices and housing costs over the past five years has strained affordability in every part of the country, but a new study seeks to put a finer point on which metropolitan areas are getting hit the hardest.Realtor.com calculated the share of income a typical household spends o

Dermot Buffini, the CEO of Buffini & Co., joined this week’s episode of the RealTrending podcast for a conversation on the evolving challenges for real estate leaders.Speaking with host Tracey Velt at HousingWire’s The Gathering, Buffini addressed the pressures that brokers and team leaders face ami

A national survey released by NeighborWorks America found that prospective homebuyers overwhelmingly turn to Realtors first when seeking information about the homebuying process — outpacing friends, family and online searches.According to the poll, 41% of respondents who plan to buy a home in the ne

New Home Co. has completed a previously announced acquisition of Landsea Homes, the companies announced Wednesday. The deal creates a top-25 national homebuilder based on the number of new homes sold in 2024.Matthew Zaist, who currently serves as president and CEO of New Home, will led the combined

The housing market continued to cool in May, with buyer leverage increasing across many regions of the country, according to a new survey from The Real Brokerage.Real’s May 2025 Agent Survey — which polled more than 260 real estate professionals across the U.S. and Canada — points to softening trans

City of Miami commissioners will vote on a resolution to sell the historic Olympia Theater in downtown Miami to rapper Pitbull’s charter school nonprofit.  The commission will consider an item to waive competitive bidding for the property at 174 East Flagler Street and authorize the city to negotiat

As American demographics shift, so do the priorities of homebuyers, and pets are playing an increased role in real estate decisions.“Did you know there are more households with pets than children?” Jessica Lautz, deputy chief economist and vice president of research at the National Association of Re

Blackstone and Link Logistics sold another South Florida industrial property — to surpass the $1 billion mark in six separate deals since November.  The sales are likely the result of the two firms seeking to cash out investors who backed funds used for the acquisition and renovation of existing war

Baird & Warner has named Bill White Jr. as its new vice president of broker relations for mortgage and title services, marking his return to the firm after several years at Compass. In his new role, White will act as the primary liaison between real estate agents, attorneys and loan officers to supp

During a second straight day of testimony on Capitol Hill, Federal Reserve Chair Jerome Powell said the central bank is reviewing the Basel III rules (also known as the “Basel Endgame”), which would significantly increase bank capital requirements and could impact the mortgage industry, if implement

Beeline Title Holdings, a subsidiary of Beeline Holdings Inc., has closed what it says is one of the first residential real estate transactions funded through the sale of a cryptocurrency token backed by real property.The company described the deal as a milestone in merging decentralized finance wit

Southwest CEO Bob Jordan said the airline is open airport lounges and higher-end service like Europe flights and more premium classes to woo travelers.

A buyer linked to Microsoft is assembling a sprawling portfolio of Palm Beach properties, in a series of deals that will likely total more than $350 million, sources told The Real Deal. Billionaire Charles Simonyi, the early Microsoft employee credited with creating Word and Excel, is likely the buy

DMD Ventures launched a preemptive legal strike in an attempt to stave off foreclosure of a 2-acre multifamily development site in Fort Lauderdale.  On June 13, a Naples-based lending entity managed by lawyer Anthony Korda sued Fort Lauderdale-based DMD in Broward County Circuit Court for allegedly

Lennar wants to develop 106 townhouses near Homestead, as the homebuilding giant continues its development spree in south Miami-Dade County.  The Miami-based firm, led by Stuart Miller and Jon Jaffe, proposes the Retro West complex with 11 workforce units on a 10-acre vacant site on the northwest co

It was a busy week for brokers in Palm Beach County’s condo market, with sales and dollar volume soaring.  All but one of the top 10 closings this week were units at Alina Residences in Boca Raton. Brokers closed 155 condo sales totaling $239 million from June 14 to June 22. The previous week, broke