🏆 Residential: The top residential deal to be recorded was in Tequesta, where a single-family home at 19223 Riverside Drive changed hands for $11.2 million. The seller was the family of the late Harry Hersey Jr. and Martha Hersey. The buyer was a trust. The riverfront mansion spans more than 10,400 square feet and has five bedrooms, five full bathrooms and one half bathroom. Built in 2002, it also has a five-car garage, elevator and pool. It went on the market a year ago for just under $18 million. Sabra Kirkpatrick with Brown Harris Stevens had the listing, and Evelyn Yang with KW Reserve represented the buyer.
🏆 Commercial: Welltower, an Ohio-based real estate investment trust, had the top commercial transaction to hit records in South Florida. The firm unloaded five senior housing properties in Palm Beach County for about $81.1 million. The buyer was Excelsior Care Group, according to real estate platform Vizzda. The properties are located at: 3001 South Congress Avenue and 3600 Old Boynton Road in Boynton Beach; 7225 Boca Del Mar Drive and 375 West Yamato Road in Boca Raton; and 16150 South Jog Road in Delray Beach. Combined, they have 720 units. Welltower provided a $160 million mortgage for the transaction.
📊 Commercial: In Opa-locka, a nearly 23,000-square-foot indutrial property at 2365 Ali Baba Avenue traded for $11 million, or roughly $480 per square foot. The buyer was Chicago-based Ambient Capital Partners. The seller, Annapolis-based Realterm, purchased the 1960s-era building in 2020 for $3.9 million.
📊 Residential: James and Ruth Brown sold a waterfront home at 978 Dogwood Drive in Delray Beach for $7.8 million or about $1,100 per square foot. The buyer was Paul L. Gooding. The residence measures just over 7,100 square feet; it has five bedrooms, seven full bathrooms and two half baths. It also has a four-car garage and dock on the Intracoastal Waterway. It went on the market a year ago for $8.9 million. Christopher Bohn with The Keyes Company brokered the deal.
By the Numbers: The $77B “hard maturity” wall hitting CMBS
Commercial mortgage-backed securities borrowers are running out of runway.
After several years of extensions, 2026 is shaping up to be the year that many loans hit a hard stop. Roughly $76.6 billion worth of debt faces hard deadlines, meaning borrowers have no contractual options left to push out their due dates, according to research firm Trepp. The firm notes that hard maturities can also include loans that never had any extension options, but Trepp focused on loans whose borrowers have already used up all extensions. These are loans that are truly at distress.
That wall is taller than it has been in recent years.
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