Southwest Florida Real Estate News and Market Insight

In a case of island home-hopping, media mogul Cathie Black and her husband, Thomas Harvey, sold their Palm Beach house for $18 million in an off-market deal. The sale closed just days after they bought another home on the island for $12 million.  Records show Black and Harvey sold the 3,600-square-f

An order signed by a magistrate judge in the U.S. District Court for the Southern District of California has established a forward timeline for the ongoing lawsuit between major reverse mortgage industry lenders Mutual of Omaha Mortgage and Longbridge Financial. A trial is scheduled to begin in Nove

Nonqualified mortgage (non-QM) lender Logan Finance Corp. has launched a new set of loan products designed to serve borrowers who fall outside traditional lending requirements.The “Open Road” product series includes seven mortgage offerings tailored to self-employed individuals, real estate investor

Simon Property Group finalized its takeover of a shuttered Sears store at Town Center at Boca Raton in Palm Beach County. An affiliate of Indianapolis-based Simon, led by David Simon, paid $23 million to an affiliate of New York-based Seritage Growth Properties for the 180,029-square-foot big box st

Senior living organizations are often seen by the public as opposing ideas related to aging in place, but one senior living executive says that the industry’s future may lie in facilitating this increasingly common goal.This is according to an interview with Tod Petty, chief marketing officer at Fyn

Century 21 Real Estate has announced a new affiliation with Kobetz Realty Inc., a full-service brokerage based in Ukiah, California.The move expands Century 21‘s presence in Mendocino County and the surrounding region.Founded in 2020 by broker/owner Benjamin Kobetz, the firm will now operate as Cent

As Trump administration officials press ahead with their efforts to dismantle and defund the Consumer Financial Protection Bureau (CFPB), the Federal Reserve Office of the Inspector General (OIG) is reportedly opening an investigation into moves to fire the vast majority of CFPB and attempted cancel

Major League Baseball pitcher Luis Severino paid $10.7 million for a home under construction in Pinecrest.  Severino, who plays for the Oakland Athletics, and his wife Rosmaly Frechel, CEO of the Luis Severino Foundation, bought the 1-acre property at 10801 Southwest 67th Avenue, records show. A com

EliseAI is finalizing a partnership with Zillow Rentals to embed its conversational artificial intelligence (AI) technology directly into multifamily rental listings on the Zillow platform.The integration is expected to launch in the third quarter of 2025.Branded as AI Assist, Powered by EliseAI, th

Partner Real Estate is on the rise — and making its presence felt. The Los Angeles-based independent brokerage achieved its best-ever placement in the 2025 RealTrends rankings, coming in at No. 13 among mega teams by closed sales volume.For Rudy Kusuma, CEO of the team, the distinction represents mo

As Republican lawmakers continue to press ahead with a proposal to sell wide swaths of federal land, one official in a state that would be impacted is ramping up her opposition to plans from both the Trump administration and her congressional colleagues.Democratic Sen. Catherine Cortez Masto of Neva

Ohio-based digital mortgage lender Lower and Residential Wholesale Mortgage (RWM) have moved to settle a poaching lawsuit filed earlier this year in federal court in Texas.A two-page notice filed by Lower on May 16 offered few details about the settlement, but it signals the end of a brief legal bat

Developers can move forward with plans to build a seven-story, 289-unit mixed-income apartment building with workforce and affordable housing in Boca Raton, where a hotel and office complex was originally planned. The amended master plan for the 11.6-acre property, approved unanimously by Boca Raton

A developer proposes a 544-unit residential tower on the former Mexican Consulate site in Brickell, marking a continuing flurry of project applications for Miami’s financial district.  The proposal is for a 41-story building with 9,400 square feet of ground-floor retail and 421 parking spaces on the

Broward County’s condo sales and dollar volume dropped in the first week of June. Brokers closed 105 condo sales totaling $35.3 million from May 30 to June 7. The previous week, brokers closed 127 condo sales totaling $43.4 million. Last week’s units sold for an average of $335,816, lower than the $

A general contractor that specialized in building luxury Wellington equestrian estates filed for bankruptcy protection, as he faces fraud allegations from clients who say he doctored receipts and did not complete work. Records show both David Forkey and his business, Pegasus Builders, filed Chapter

The state sexual battery case against Oren and Alon Alexander, and their associate Ohad Fisherman, is coming into focus.  The Miami-Dade State Attorney’s Office alleges that Fisherman held down a woman as Oren and Alon, who are in federal custody awaiting their sex trafficking trial, allegedly took

Boca Raton approved an interim master plan that could enable Terra and Frisbie Group to build a mega mixed-use project on 30 acres of publicly owned land. The resolution, which was approved by the city council by a vote of 4-1 on Tuesday evening, sets a framework for Boca Raton’s ongoing negotiation

Continental Realty Corporation is diving into South Florida’s retail market for the first time, acquiring the Fresh Market-anchored shopping center at CityPlace Doral in Miami-Dade County for $87.5 million. Baltimore-based Continental Realty, led by CEO JM Shapiro, acquired the 235,000-square-foot c

Lissette Calderon’s Neology Life nixed a 1,360-unit multifamily project after selling a development site near the Miami River for $54 million. An affiliate of Miami-based Neology sold the 7.3-acre site at 2301 Northwest 33rd Avenue to Miami-Dade County, records show. Calderon’s firm had planned to d