South Florida - The Real Deal

South Florida’s top deals: The biggest resi sale was a $14M Boca Raton home

Mary Diduch — Fri, 23 May 2025 00:17:30 +0000

🏆Residential: In South Florida, the top residential deal recorded Thursday was in Boca Raton. A trust tied to Gary Kain, executive chair of AGNC Investment Corp.’s board of directors parted with 499 South Maya Palm Drive for $14.2 million; the seller put it up for sale in January for just under $15 million. The buyer […]

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Empira scores $111M construction loan for 310-unit apartment tower in Brickell

Lidia Dinkova — Thu, 22 May 2025 22:30:00 +0000

Empira Group scored a $111.3 million construction loan for a 310-unit apartment tower in Miami’s Brickell, The Real Deal has learned. The financing comes as construction loans and refinancings continue to flow in South Florida, despite higher interest rates and other economic headwinds. Empira, a Swiss firm that entered the Miami market three years ago, […]

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Wellington green-lights zoning changes for Mark Bellissimo’s mixed-use Marketplace project

Kate Hinsche — Thu, 22 May 2025 21:34:12 +0000

Developer Mark Bellissimo won approval for zoning changes that will allow him and his partners to build a boutique hotel, offices, condos, retail and restaurant space just across the street from his planned gated community, the Wellington. The mixed-use project, dubbed “the Marketplace” is said to be inspired by Palm Beach’s Worth Avenue and Greenwich, […]

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Lego billionaire drops $26M on Wellington equestrian estate

Kate Hinsche — Thu, 22 May 2025 20:30:00 +0000

Billionaire Thomas Kirk Kristiansen, whose great-grandfather Ole Kirk Kristiansen founded the toymaker Lego, bought an equestrian estate in Wellington for $25.5 million. It marks the most expensive sale in the horse-centric enclave so far this year. Records show Thomas Kirk Kristiansen bought the 14.2-acre compound at 3585 Olde Hampton Drive from Shady Grove Road Commercial […]

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Mast Capital, BH ramp up buyout of Coconut Grove condominium

Francisco Alvarado — Thu, 22 May 2025 19:33:04 +0000

Mast Capital and BH Group are teaming up to take over an older condominium building in Coconut Grove. An affiliate of Coconut Grove-based Mast, led by Camilo Miguel Jr., is under contract to purchase roughly a dozen units at Bayshore Park, a three-story condominium at 2545 South Bayshore Drive, sources familiar with the deals confirmed […]

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Miami board approves 328-unit Live Local Act tower in Edgewater

Lidia Dinkova — Thu, 22 May 2025 18:39:52 +0000

A developer scored approval for a 328-unit Live Local Act project in Miami’s Edgewater, amid a flurry of proposals under the state’s affordable and workforce housing law. Gonzalo Espinosa, through an affiliate, plans the 36-story Sense 22 apartment tower on a 0.7-acre assemblage at 114, 124, 128 and 138 Northeast 22nd Street, according to an […]

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Developer proposes 57 townhouses in West Kendall

Lidia Dinkova — Thu, 22 May 2025 15:13:11 +0000

A developer proposes 57 townhouses in West Kendall, amid a flurry of applications for projects on sites in suburban Miami-Dade County. The West Kendall Townhomes project is proposed for the 4.6-acre site on the northeast corner of Southwest 88th Street and Southwest 167th Avenue in unincorporated Miami-Dade County, according to an application submitted early this […]

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Broward weekly condo sales hit $41M

Kate Hinsche, Adam Farence — Thu, 22 May 2025 13:45:00 +0000

Broward County’s condo sales and dollar volume rose last week, led by a Hallandale Beach closing. Brokers closed 131 condo sales totaling $41.4 million from May 11 to May 18. The previous week, brokers closed 115 condo sales totaling $37.5 million. Last week’s units sold for an average of $316,079, lower than the $325,860 average […]

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Travis Kelce is renting a house in Boca Raton’s most expensive neighborhood

Kate Hinsche — Wed, 21 May 2025 21:30:16 +0000

Kansas City Chiefs tight end Travis Kelce is renting a mansion in Boca Raton’s most expensive neighborhood for off-season training. Kelce was seen moving into the home in Royal Palm Yacht & Country Club, the Daily Mail first reported. The community is a 15-minute drive to Johnny O’s Gym, the Boca Raton gym where Kelce […]

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Boston Scientific CEO drops $17M on Lost Tree Village house

Kate Hinsche — Wed, 21 May 2025 21:06:17 +0000

Longtime Boston Scientific Chairman and CEO Michael Mahoney dropped $17.3 million on a waterfront house in North Palm Beach’s gated Lost Tree Village community. Records show Mahoney’s Blue Sky Trust bought the house at 11279 Old Harbour Road from Edith Dixon Miller. The deed identifies Mahoney as the beneficiary of the trust and states he […]

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