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.
In $90M deal, Blackstone unloads another South Florida industrial property

Blackstone’s South Florida industrial sell-off is chugging along with the $90.2 million sale of three Miami-Dade warehouses. Including its latest divestiture, the New York-based investment giant and its subsidiary, Link Logistics, have unloaded 34 industrial properties in Miami-Dade, Broward and Pa
Read MoreAlden Global-linked entity sells West Palm spec mansion for $17M

An entity linked to the investment firm Alden Global Capital sold a waterfront West Palm Beach spec mansion for $16.8 million after a year on the market. Records show the developer’s entity, 7001 South Flagler LLC sold the house at 100 Beverly Road to John S. Paulson, who listed a mailing address in
Read MoreRedwood Dev Co scores $126M refi for 350-unit multifamily portfolio in north Miami-Dade

Redwood Dev Co scored a $126.3 million refinancing for a 350-unit multifamily portfolio in north Miami-Dade County. The deal comes as lending continues to flow in South Florida, despite elevated interest rates, skyrocketing insurance and the threat of higher construction costs due to the Trump admi
Read MoreBroward weekly condo sales climb to $43M

Broward County’s condo sales and dollar volume rose in the last week of May. Brokers closed 127 condo sales totaling $43.4 million from May 23 to May 31. The previous week, brokers closed 89 condo sales totaling $25.6 million. Last week’s units sold for an average of $341,962, higher than the $287,
Read MoreCC Homes and Turnberry plan to build 151 houses in Davie

CC Homes and Turnberry are planning to launch sales this year and begin building The Estates by Turnberry, a gated community with 151 houses on the west side of Davie, across I-75 from Weston. The Davie Town Council recently rezoned the development site and approved several other proposals by the de
Read MoreTrump bans citizens of 12 countries from entering the U.S.

The Trump Administration signed a proclamation Wednesday suspending entrance to the U.S. for citizens from 12 countries.
Read MoreGoby Homes launches property transaction platform, founder honored by NAR

Real estate technology startup Goby Homes has launched a new platform aimed at increasing transparency, security and communication in residential real estate transactions, the company announced during the 2025 Realtors Legislative Meetings.That announcement coincided with the National Association of
Read MoreTop-producing California agent joins eXp Realty

Costanza Genoese Zerbi — a nationally recognized real estate agent and founder of Long Beach, California-based Costanza Genoese Zerbi & Associates — has joined eXp Realty, the company announced Tuesday.Zerbi, a veteran agent with nearly a decade of experience, brings a strong sales record to the bro
Read MoreHome-price growth at decade low, Florida markets lead declines

Home-price growth in the U.S. fell to its lowest rate in more than a decade this April, according to the latest data from Cotality.Weighing on the market were continued concerns about the economy, including job stability, inflation and possible tariff impacts — all contributing to sluggish buyer dem
Read MoreWhite House expects reverse mortgages to continue producing government receipts

Following last month’s release of the so-called “skinny budget” from the White House, the Office of Management and Budget (OMB) has released a 1,200-plus page appendix for the proposal. It includes projections related to the performance of the Home Equity Conversion Mortgage (HECM) portion of the Mu
Read MorePrudent AI debuts non-QM underwriting tool

Prudent AI — a California-based financial technology company — has released what it calls the first upfront automated underwriting system (AUS) designed specifically for non-qualified mortgages (non-QMs).Unlike traditional AUS tools — which assess loan eligibility later in the mortgage process — Pru
Read MoreTCB’s appeal against Ginnie Mae over reverse-backed collateral will proceed

Following its vow to appeal the initial decision in a case brought against Ginnie Mae over rights to reverse mortgage-backed collateral stemming from the collapse of a major industry lender, filings by Texas Capital Bank (TCB) have been docketed and assigned a case number in the Fifth Circuit Court
Read MoreColdwell Banker Premier enters Florida market through merger

Coldwell Banker Premier has expanded into Florida through a merger with Coldwell Banker Envision Real Estate, marking the firm’s first office in the state.The company will now offer its full suite of services — including listing programs, marketing tools, and property and association management — to
Read MoreGenting sells piece of downtown Miami assemblage to Opportunity Zone fund partnership

Malaysian casino conglomerate Genting Group sold a piece of its downtown Miami land holdings to a developer that plans a Live Local Act tower. An affiliate of Kuala Lumpur-based Genting sold the 0.8-acre, six-parcel assemblage at 1515 and 1525 Northeast Miami Place, 75 Northeast 15th Street, and 150
Read MorePartner Real Estate launches instant offers platform

California-based Partner Real Estate has introduced a new technology platform aimed at speeding up home sales and expanding options for agents and homeowners.The company’s Instant Offers Exchange (IOX) allows sellers to receive multiple competitive cash offers within minutes without committing to a
Read MoreRobert Reffkin touts Compass’s AI platform, agent advocacy efforts

Details regarding Compass‘s soon-to-be-released artificial intelligence (AI) platform were shared by CEO Robert Reffkin during a company retreat this week.“We continue to invest over $100 million in technology every year, building more and more tools that can help you stand out and run a better busi
Read MorePanattoni offloads former Miami Herald HQ at a loss for $26M

Panattoni Development is abandoning plans to redevelop the Miami Herald’s former home in Doral, selling the 9-acre site at a loss for $25.9 million. A trust affiliated with Los Angeles-based Ares Management, led by Michael Arougheti, bought the property at 3511 Northwest 91st Avenue for $4 million l
Read MoreHouse Financial Services chair calls for federal investigation into Little Rock Housing Authority

Citing a series of missteps made despite the oversight and U.S. Department of Housing and Urban Development (HUD) action plans, the chairman of the House of Representatives‘ Financial Services Committee is calling for a federal investigation into the housing authority of Little Rock, Arkansas.Rep. F
Read MoreGrant Cardone offers $230M for Boca Raton distressed multifamily project

A Grant Cardone-led entity submitted a $230 million stalking horse bid for Penn-Florida Companies’ 101 Via Mizner in Boca Raton. Aventura-based Cardone Real Estate Acquisitions is seeking to buy the 14-story, 366-unit building at 101 East Camino Real, according to a June 2 U.S. Bankruptcy Court emer
Read MorePace Gallery CEO sells Palm Beach home at discount to ex-Dodgers CEO for $19M

Marc Glimcher, president and CEO of Pace Gallery, sold his lakefront Palm Beach house for $19.2 million to Jamie McCourt, the former Dodgers CEO and ambassador to France and Monaco under the first Trump administration. Records show Glimcher’s 1221 NLW LLC, a Delaware entity, sold the home dubbed “th
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