Southwest Florida Real Estate News and Market Insight

A developer scored a $117 million construction loan for a 382-unit multifamily project in West Palm Beach’s Northwood District.  Immocorp Ventures –– a partnership between Gilbert Benhamou of Aventura-based Immocorp Capital and Gideon Friedman of New York-based Beachwold Residential –– is developing

Real estate software provider Lone Wolf Technologies is launching an integration with Zillow-owned customer relationship management system Follow Up Boss as it aims to connect transaction, marketing and accounting tools in one system.Follow Up Boss will be linked with Lone Wolf’s Foundation platform

Mast Capital and BH Group paid at least $20 million for the majority of condos at an older building in Coconut Grove, The Real Deal has learned.  Mast, led by Camilo Miguel Jr., and Liat and Isaac Toledano’s BH Group, acquired more than 75 percent of units at the 39-unit Bayshore Park, at 2545 South

A vacant, distressed drug treatment facility near Lake Worth Beach sold for $15.6 million, and the new landlord has secured Banyan Treatment Centers to move into the building.  Blue Cane Properties, a Delaware entity, bought the 109-bed rehabilitation complex at 4140 Lake Worth Road in Palm Springs,

The Federal Reserve held benchmark rates steady in the range of 4.25% to 4.5% following its two-day meeting on Wednesday, a decision with implications for the mortgage industry. The move, expected by virtually all monetary policy watchers, underscores the challenge facing the Federal Reserve — decid

Bob Vila, the home improvement star known for his 1980s show “This Old House,” sold his waterfront Palm Beach home for a nearly $20 million price cut.  Records show Vila and his wife, Diana Barrett, sold their home at 690 Island Drive for $33 million to a trust named for the address and managed by [

Even though new home sales showed growth last month, the homebuilders — both big and small — have no desire to grow housing permits or starts with 7% mortgage rates. Housing starts and permits peaked in 2022 and have been fluctuating at levels similar to the early stages of the COVID-19 recession fo

Craig Robins’ Dacra and its partners landed a $125 million construction loan for a 107-unit apartment project in the Miami Design District.  The deal marks continued flow of financing for South Florida multifamily development, despite a slowdown of leasing and plateauing –– and even slightly declini

Silicon Valley Bank (SVB), a division of First Citizens Bank, and lending partner Setpoint announced on Wednesday that they’re providing a $200 million warehouse facility to Austin-based mortgage tech firm UpEquity.The funding is expected to support $1 billion in originations over the next two years

Loan volume through the U.S. Department of Veterans Affairs (VA) is up 45% during the first half of 2025 compared to the same period in 2024. That’s according to an analysis of VA loan data released Wednesday by Veterans United Home Loans.The analysis, based on lending data from the first half of fi

A group of developers are proposing a 422-unit multifamily project on a former church site in Fort Lauderdale’s Progresso Village.  The plans come as redevelopment of religious sites has become gospel in South Florida real estate, with multiple projects targeting churches. While some developers repl

As more companies embrace the incorporation of artificial intelligence (AI) into their business- and customer-facing operations, a concern has emerged among firms focused on delivering services to older peopleAI training typically occurs with younger staffers, who could then incorporate unconscious

Kyler Ferris — the founder of Ferris Realty in Conroe, Texas — has rejoined eXp Realty, bringing with him a 45-agent team and a reported sales volume of $164 million in 2024.The move marks a return to the national brokerage after Ferris Realty’s brief stint as an independent firm.Ferris, whose “Livi

Aging in place is gaining momentum among older homeowners, and the National Association of Home Builders (NAHB) has taken notice.The organization recently reported that 73% of homebuilding industry leaders say that requests for aging-in-place features have significantly or somewhat increased in the

Mount Sinai Medical Center of Florida is planning an urgent care center on a development site acquired for $20 million near Miami’s Blue Lagoon. An entity managed by Sedano’s Supermarkets CEO Agustin Herran sold four contiguous vacant parcels to Mount Sinai, a Miami Beach-based hospital led by CEO G

The housing affordability crisis often conjures images of coastal urban cities with acute housing supply shortages and heavy land-use regulations. While these places do tend to have the highest home prices, it’s not where costs are rising the most.That’s according to a sprawling new study from JPMor

A Palm Beach couple sold their home in the Mar-a-Lago Security Zone for $17 million, marking the latest sale in the area since Donald Trump returned to office. Records show David Weisman and Jacqueline Michel sold the house at 142 Via Palma to a trust named for the address and managed by attorney La

JetBlue Airways CEO Joanna Geraghty told staff the carrier is further cutting costs as softer travel demand makes break-even operating margins in 2025 unlikely.

The countdown is on to Zillow’s new listing standards policy, which bans publicly marketed private listings. While it’s possible for agents at any firm to end up with a banned listing, most industry observers expect that agents at Compass — a vocal critic of the Clear Cooperation Policy (CCP) and Zi

Following its passage in the House of Representatives, the One Big Beautiful Bill Act — President Donald Trump’s signature domestic policy bill that includes tax reform provisions with major implications for the federal budget deficit — is going through a series of pronounced changes during the reco