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.
House Democrats call for more action on US housing crisis

As the economic situation for many Americans continues to evolve due in part to the cost of housing, one Democratic member of the House of Representatives used her time on the floor Tuesday to call for more action to address rising housing expenses.Rep. Shontel Brown (D-Ohio) on Tuesday introduced a
Read MoreFormer CFO sues Real Brokerage, alleges discrimination

The former chief financial officer of cloud-based real estate firm The Real Brokerage has filed a federal lawsuit alleging she was pushed out of the company after becoming pregnant and taking maternity leave.Michelle Ressler, who was relieved of her role as CFO in April, claims in the suit that Real
Read MoreRocket Pro announces partnership with Vetted VA

Rocket Pro is partnering with Vetted VA, which provides education to veterans and training to loan officers to give veterans better access to home loan benefits.The partnership, announced on Tuesday at The Gathering by HousingWire, will involve the training of Rocket staff and LOs by Vetted VA so th
Read MoreSimon expands at Dadeland Mall, pays $16M for JCPenney ground lease

Simon Property Group is JCPenney’s new landlord at Dadeland Mall in Kendall, acquiring the ground lease for the big box store for $15.6 million. An affiliate of Indianapolis-based Simon, led by David Simon, bought the leasehold interest in the 190,962-square-foot department store at 7201 Kendall Dri
Read MoreSteve Mnuchin’s stepsister sells waterfront Palm Beach house for $24M

Lisa Hedley, the stepsister of former Treasury Secretary Steve Mnuchin, sold a waterfront Palm Beach house for $23.8 million. Records show Hedley and her husband, Walter D. Wick, sold the house at 173 East Inlet Drive to a trust named for the address and managed by Daniel P. Tighe. The true buyer is
Read MoreBoeing airplane orders rise to highest level since late 2023 ahead of Paris Air Show

Boeing booked 303 gross orders in May, the most since December 2023.
Read MoreDouglas Elliman exec Susan de França buys Boca Raton condo

Douglas Elliman executive Susan de França liked an Elliman development so much, she bought a unit there. Property records show de França, president and CEO of Elliman Development Marketing, paid $6.5 million for a condo at Alina Residences, a luxury project at 200 Southeast Mizner Boulevard in Boca
Read More$12M Fisher Island closing tops Miami-Dade weekly condo sales

Miami-Dade County’s condo sales and dollar volume dipped in the first week of June. Brokers closed 123 condo sales totaling $115.1 million from May 30 to June 7. The previous week, brokers closed 129 condo sales totaling $151.4 million. Last week’s units sold for an average of $935,700, lower than
Read MoreU.S. travelers are cutting back on summer Europe trips — but Chinese tourists are making up for it

Concerns about higher costs and political perceptions weighed on U.S. travel sentiment, the European Travel Commission said.
Read MoreMexican REIT bosses drop $18M on another Acqualina condo

The heads of Mexico’s largest real estate investment trust, Fibra Uno, dropped $17.9 million on another condo at Sunny Isles Beach’s Estates at Acqualina. Records show Daniel Shiff sold unit TS-4205 at 17901 Collins Avenue to Estatemann South LLC, a Florida entity managed by Moises and Andre El-Mann
Read MoreNew York Life buys medical offices in Pembroke Pines for $38M

New York Life Real Estate Investors bought a medical office complex in Pembroke Pines for $38.3 million. The real estate arm of insurance giant New York Life purchased Pembroke Pines Medical Plaza at 400, 500, 600 and 700 North Hiatus Road from an affiliate of Aventura-based Triarch Capital Group,
Read More$110M Indian Creek sale next to Bezos’ property leads pending contracts

Amazon billionaire Jeff Bezos could soon have a new neighbor in Indian Creek. The lot next door to Bezos’ property, asking $130 million, is in contract to sell to an “international finance executive” for $110 million, the Wall Street Journal first reported. The pending sale of the site at 9 Indian
Read MoreTrilogy completes Edgewater assemblage with $42M purchase of Crescent Heights’ HQ

Crescent Heights sold its headquarters in Miami’s Edgewater to Trilogy Real Estate Group for $41.9 million, The Real Deal has learned. Chicago-based Trilogy, led by Neil Gehani and Ian Kok, plans a mixed-use project with condos and apartments on the 2-acre property at 2200 Biscayne Boulevard in Mia
Read MoreLease roundup: West Elm opening in Wynwood, Sushi Sake in Weston

West Elm | Wynwood | Miami West Elm will open at the Dorsey mixed-use building in Miami’s Wynwood. The furnishings brand leased more than 12,000 square feet at the 12-story building at 286 Northwest 29th Street, according to the landlords’ news release. The store is expected to open in the second
Read MoreAri Pearl, BH3 plan Mondrian-branded condo conversion in Hallandale

Ari Pearl’s PPG Development and BH3 Management plan to convert a luxury apartment tower in Hallandale Beach to Mondrian-branded condos. The developers announced they plan to convert Slate, a 26-story, 250-unit rental building at 101 Diplomat Parkway into Mondrian Hallandale Beach Residences. The bu
Read MoreAre real estate brokerages going the way of the dodo?

Real estate brokerages have faced their fair share of challenges over the past year — from legal threats and business practice changes, to a slow housing market and the breakneck pace of technological development. With all of these changes and challenges many wonder if we are on the precipice of a b
Read MoreCompass talks M&A strategy at The Gathering

Private listings and Clear Cooperation (CCP) have been Compass’s headline calling cards over the past several months, but at HousingWire’s The Gathering on Sunday, mergers and acquisitions were the primary focus. In a conversation with Diego Sanchez, the president of HousingWire, Lacey Conway, the C
Read MoreThe Weekly Dirt: Inside the battle over the Robins family dynasty

Everyone in Miami Beach knows who the Robins family is, led by the late Jerry Robins, who helped shape the city’s skyline. His death in the fall of 2022 triggered a family fight over his kids’ inheritance and the value of their father’s estate. In The Real Deal’s latest issue, Francisco Alvarado d
Read MoreTodd Glaser, Ron Simkins and oil trader Mark Fisher team up on anti-water intrusion device

Luxury home developer Todd Glaser teamed up with oil trader Mark Fisher and developer Ron Simkins to create a patented kit that consumers and contractors can install to prevent water intrusion through sliding glass doors. Fisher teamed up with Glaser after Hurricane Irma struck Florida as a Categor
Read MoreTrump wants to bring manufacturing jobs back. The aviation industry can't hire fast enough

The aviation industry is facing a retirement wave of workers who make and fix airplanes.
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