Woodfield Development sold a 223-unit apartment tower in downtown West Palm Beach for $87 million.  The deal marks a slight uptick in South Florida multifamily sales after a drought of deals due to elevated interest rates and other economic headwinds.  Greenwood Village, Colorado-based Griffis Resid

Real estate investor Rafael Perez secured a buyer for his waterfront Gables Estates mansion, asking $47 million.  The pending sale led last week’s Eklund-Gomes report.  Buyers signed 25 contracts for luxury properties in Miami-Dade County between June 9 and June 15, according to the report, which tr

A massive estate in Davie sold for $25.5 million, marking a record for home sales in the western Broward County town.  Adin Ross, a 24-year-old internet personality and gaming streamer, bought the home via an LLC, according to property records. Ross financed the purchase with a $12.7 million mortgag

Alo Yoga, Massimo Dutti, Vuori | Miami  Swire Properties’ Brickell City Centre scored eight tenants.  In the biggest lease, global fashion label Massimo Dutti will open a 6,100-square-foot store at the mixed-use complex in Miami’s Brickell, according to a Brickell City Centre news release. Alo Yoga

In the latest roundup of South Florida real estate hiring news, firms made leadership moves. Wellington-based Bainbridge Companies hired Kevin Kochersperger as vice president of facilities, according to a press release. Kochersperger joins the firm from his previous role as director of facilities ma

Hurricane season is on, and South Florida’s real estate industry is preparing. Hundreds of projects are under construction across the region, and all are at risk of damage and delays if a hurricane makes landfall. Preparation is paramount, industry experts say, as forecasters expect another very act

The trade event is a big draw for the industry every year, as Boeing, Airbus and other aerospace giants host parties, sign deals and show off new aircraft.

Why aren’t home sales crashing as they did in 2022? Right now we have elevated mortgage rates, trade war uncertainty, rising property taxes and home insurance, terrible consumer confidence data and a downgrade of the government’s debt, among other factors. But, housing demand continues to hold up, s

Several flights diverted after Israel's Iran strikes early Friday while Delta and United canceled their service to Tel Aviv.

On the surface, Seattle’s housing market looks like any other in the country.The inventory of single-family homes for sale is up substantially year over year. New listings are up slightly, sales remain subdued and home prices aren’t moving much. That’s the story in the majority of housing markets.Bu

Homeownership in many of America’s largest cities now demands a six-figure salary to sustain a comfortable lifestyle — with some regions requiring more than $300,000 annually.A new analysis by GOBankingRates ranked the top 50 U.S. cities by the income necessary to afford a comfortable standard of li

A new Redfin survey reveals sharp divides among Americans over how immigration and tariffs are affecting housing affordability, reflecting a complex and politically charged landscape.More than half of U.S. homeowners and renters (51.2%) believe that reducing immigration could worsen housing affordab

Mark Diamond has been sentenced to 17 years in federal prison for his crimes against elderly homeowners, but the scars from the damage he inflicted across the Chicago metro area are still visible.A recent report from a local publication, the South Side Weekly, detailed one family’s struggle to recov

Welcome back to Tech Pulse — a new weekly series rounding up the latest in technology, including tools, integrations and trends impacting mortgage and real estate.Here’s what happened this week:UWM’s Jason Bressler challenges the fear-driven narrative around AI in mortgage lendingAt HousingWire’s Th

The Jupiter home of alleged predatory lender and fraudster Lisa McElhone sold out of receivership for $12.2 million.  The sale is part of a years-long federal case brought against McElhone and her husband, convicted fraudster Joseph LaForte, who was sentenced to 15.5 years in prison for RICO conspir

The cost of owning a home in the U.S. has jumped sharply in recent years, reaching an average of more than $1,700 per month in 2023 — a 17% increase since 2020 — according to an analysis by First American senior economist Sam Williamson.Using the most recent U.S. Census Bureau data, Williamson found

While the Federal Housing Finance Agency (FHFA) under President Joe Biden proposed a transition from a tri-merge to a bi-merge credit report system, the Mortgage Bankers Association (MBA) is now assessing the feasibility of moving to a single credit report for mortgage underwriting.Bob Broeksmit, pr

Miami-based investor Jon Samuel paid $24 million for a shuttered car lot in West Palm Beach that was the former headquarters of a defunct auto dealer.  Three entities managed by Samuel, who leads Miami-based Midtown Group, acquired the 14.7-acre site at 1200 South Congress Avenue, records show. The

The U.S. Department of Housing and Urban Development (HUD) and Ginnie Mae on Friday signed a memorandum of understanding (MOU) with a South Korean housing finance authority, with the goal of increasing investment in U.S. agency mortgage-backed securities.The agreement, signed with the Korea Housing

The cause of the crash wasn’t immediately known and could take months to determine.