Southwest Florida Real Estate News and Market Insight

The Office Depot site in Miami Beach’s Sunset Harbour traded for $28.5 million, The Real Deal has learned.  EOS Wellness Real Estate Miami LLC bought the 19,700-square-foot retail building on the 0.6-acre site at 1771 West Avenue, according to a source. Records show the seller is The George Jay II L

Newly formed real estate firm GrowIn Group proposes a pair of 32-unit condo buildings in Ojus, marking its first ground-up development projects.  GrowIn –– founded by Jorge Saivay, owner of Miami Gardens-based general contractor Saivay Construction, and industrial engineer Luis Ochoa –– proposes the

“South Florida by the numbers” is a web feature that catalogs the most notable, quirky and surprising real estate statistics.  They did it again! The Florida Panthers are the 2025 Stanley Cup Champions, after winning their first title in thrilling fashion last year. This year was an even more domina

Winn-Dixie parent Southeastern Grocers allegedly misled an Aventura-based developer into starting construction of a new store the company had no intention of occupying, court records show. On Monday, Miami-Dade Circuit Court Judge Abby Cinnamon ruled that an affiliate of TCII Capital Group can amend

Oren Alexander and his wife sold their waterfront Miami Beach mansion for $51.5 million, as the disgraced broker sits in jail awaiting trial for federal sex trafficking charges.  Alexander and Kamila Hansen Alexander sold the nearly 10,000-square-foot home at 2135 Lake Avenue to a trust named after

Broward County’s condo sales and dollar volume dropped in the second week of June.    Brokers closed 99 condo sales totaling $30.3 million from June 6 to June 14. The previous week, brokers closed 105 condo sales totaling $35.3 million.   Last week’s units sold for an average of $306,049, lower than

FHFA Director Bill Pulte called for Federal Reserve Chairman Jerome Powell to resign today, shortly after President Trump urged Powell to cut the Fed funds rate by 2.5% in a social post.This follows the Federal Reserve’s decision yesterday to keep the Fed Funds rate unchanged. Although Powell pointe

Today, President Trump called Fed Chairman Jerome Powell “Too Late” in a social post and said that he can save the country billions of dollars by shaving 2.5% off the Fed Funds rate. This is part of an ongoing Trump attack on the Fed Chair to cut rates, but is this strategy the best way to do it?As

The U.S. home flipping market showed signs of strain in the first quarter of 2025 as the number of flipped properties dropped to a six-year low and profit margins continued to erode, according to ATTOM’s Q1 2025 U.S. Home Flipping Report.A total of 67,394 single-family homes and condominiums were fl

Kadima Developers is launching a $70 million mixed-use condo project in Hallandale Beach, marking the latest addition to the city’s residential development pipeline. Kadima’s Seven Park is planned for 218-220 Southeast 7th Street and will span eight stories with 121 condos, according to a press rele

Commission lawsuit settlement agreements from 15 real estate industry players, including major names like Keyes Co./Illustrated Properties, Side, JPAR, NextHome and Baird & Warner will be up for final approval on Tuesday, June 24.The fifteen settling defendants, which come from the Gibson and Keel s

A rising tide of financial pessimism is washing over U.S. consumers, driven by concerns about inflation, global instability and a lack of economic clarity. At the same time, a solid majority of Americans remain optimistic about their financial future, according to TransUnion’s Consumer Pulse Study f

Hoby Hanna, the CEO of Howard Hanna Real Estate Services and Hanna Holdings, joined the RealTrending podcast this week to discuss his company’s approach to growth, technology and consumer offerings.In an interview with host Tracey Velt, Hanna breaks down a selective approach to mergers and acquisiti

Technology is accelerating change across the financial services industry, and United Wholesale Mortgage is at the forefront of mortgage innovation. With the launch of two groundbreaking platforms— the Loan Estimate Optimizer (LEO) and Mia, an AI-powered assistant for loan officers, UWM is setting a

Class Valuation has launched a new appraisal review product designed to bring greater clarity and oversight to residential valuations. The new tool, Class Valuation Analysis (CVA), offers licensed appraiser-led reviews of existing appraisal reports by incorporating automated valuation model (AVM) te

Birmingham, Michigan-based brokerage @properties REMI Christie’s International Real Estate is opening its 10th office in the state in July by expanding into the lakeside resort town of Traverse City.The brokerage was launched in 2021 by Detroit-area natives Eric Walstrom and Alex Irrer, and it has g

Rachel Gustafson serves as a certified financial planner with the Financial Investment Team, a firm based in Portland, Oregon. Over the course of a 12-year career in the field, she has a specialty for helping her clients figure out the best and most efficient ways to retire.When reverse mortgages fi

Oak Row Equities scored a $210.5 million construction loan for a 324-unit multifamily tower in Edgewater, The Real Deal has learned.   The deal comes amid a South Florida construction financing flurry, which has continued despite higher interest rates and a slowdown of apartment lease-ups due to rec

Few events in recent real estate history have rattled the industry more than the antitrust lawsuits filed against major brokerages and the National Association of Realtors (NAR), accusing them of artificially inflating agent commission rates.NAR settled the Sitzer-Burnett case for $418 million and a

Equity release — a class of financial products that involve unlocking home equity and converting it into cash flow — currently has global annual volume of roughly $17 billion.This class includes reverse mortgage products in the U.S., the United Kingdom and elsewhere, but a European equity release au