Southwest Florida Real Estate News and Market Insight

A Los Angeles woman whose class action lawsuit against Grant Cardone was tossed out two years ago has another shot at making her case.  Last week, a panel of three California U.S. appeals court judges reversed an October 2023 ruling that dismissed Christine Pino’s complaint against Cardone, his Aven

The Telephone Consumer Protection Act (TCPA) lawsuits against real estate companies are beginning to pile up again. Plaintiff Jessica Murch filed a TCPA suit against Compass and Compass Washington on Tuesday in U.S. District Court in Portland, Oregon.“The Plaintiff brings this action to enforce the

Mountain Realty ERA Powered has acquired Miller & Associates Real Estate, an independent brokerage based in Gettysburg, Pennsylvania.The newly merged firm will operate under the Mountain Realty ERA Powered name, with a combined total of 34 agents across two offices.The acquisition expands Mountain R

Erick Fernandez — founder of the real estate group EF Homes — has joined Coldwell Banker Realty’s office in Aptos, California, marking a shift from his prior affiliation with Keller Williams.He brings more than two decades of business experience and is accompanied by EF Homes team members Laif McCle

With buyers flying north to beat the Florida heat, they’re signing fewer contracts for luxury homes in Palm Beach County. Buyers signed nine contracts between June 9 and June 15 for luxury properties in Palm Beach County, according to a market report authored by Douglas Elliman’s Eklund-Gomes team.

Alex Guerrero is out to prove he has an ear for luxury real estate. The former Los Angeles Dodgers infielder listed a spec home at 3100 North Bay Road in Miami Beach for $75 million, the Wall Street Journal reported. He purchased the waterfront site only two years ago for $13.6 million. The home is

Miami-Dade County’s condo sales and dollar volume dropped in the second week of June, as the summer slowdown begins.  Brokers closed 89 condo sales totaling $67.7 million from June 6 to June 14. The previous week, brokers closed 123 condo sales totaling $115.1 million, marking a 41 percent drop in d

A fallout between Canero Group’s principals and a high-profile partner has sparked allegations of fraud and mismanagement involving six projects in Miami and Homestead.  Justin Rundle, a real estate investor and son of Miami-Dade State Attorney Katherine Fernandez Rundle, alleges Jose Canero Sr. and

Spec developer Steve Bendat’s Aquantis Group sold a waterfront spec home in West Palm Beach for $28.2 million. Records show an Aquantis affiliate sold the home at 3030 Washington Road to WY1968 LLC, a Florida entity managed by private equity bossJessica Fenwick.  Stephanie Mordes with Aquantis Realt

A third tower at the Aria Reserve condo complex, a pair of apartment buildings near Margaret Pace Park, and a Live Local Act project could be the latest projects to rise in Miami.  The city’s Urban Development Review Committee will review the three proposals at its meeting on Wednesday.  Miami-based

A third tower at the Aria Reserve condo complex, a pair of apartment buildings near Margaret Pace Park, and a Live Local Act project could be the latest projects to rise in Miami.  The city’s Urban Development Review Committee will review the three proposals at its meeting on Wednesday.  Miami-based

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.