🏆 Residential: The priciest home sale recorded in South Florida was in Palm Beach. An LLC tied to Justin Daniels parted with a home at 314 Chilean Avenue for $11.9 million. The buyer was a trust linked to Brian J. Flynn. The 4,200-square-foot property, built in 2000, has four bedrooms and five and a half baths. Its last asking price was $12.8 million, and it last sold a year ago for $10.4 million. Waterfront Properties & Club Communities’ Rob Thomson had the listing, and Jeff Cloninger with Sotheby’s International Realty brought the buyer.
🏆 Commercial: The top commercial deal to hit records was in West Palm Beach, where a one-story commercial property on a 1.3-acre lot at 2508 North Australian Avenue and a 0.7-acre vacant lot sold for $8.5 million. The seller was an affiliate of VDG Partners Limited and the buyer was an LLC tied to developer Allan Adelson.
📊 Residential: In West Palm Beach, a waterfront, single-family home at 3208 North Flagler Drive changed hands for $10.1 million. The seller was a trust tied to the late Joyce S. Hanley, and the buyer was North 3208 LLC. The 3,500-square-foot residence sits on a 0.4-acre lot and was built in 1948. Its last asking price was $11.5 million.
📊 Residential: A waterfront house at 18074 Sentinel Circle in Boca Raton traded for $6.4 million. The seller was an LLC managed by former Microsoft executive Jon A. Shirley. The buyer was a trust. The home spans more than 7400 square feet and sits on a 1.1-acre estate. It has five bedrooms and six and a half baths. Built in 2022, it also has a four-car garage. The home went on the market for just under $7 million in May 2025.
By the Numbers: U.S. commercial real estate investment volume surged 20 percent last year
Last year the U.S. commercial real estate market continued its trend of rising investment sales, marking double-digit growth in terms of transaction volume and number of deals.
The year kicked off with uncertainty amid geopolitical factors and the imposition of tariffs. But borrowing costs fell at the back end of the year, helping investors regain confidence to deploy dry powder they had been sitting on.
There were some 30,400 investment sales across the country last year totaling $472.6 billion, a nearly 20 percent surge in dollar volume and 18 percent increase in transactions compared to 2024, according to a market report from brokerage firm Avison Young, which expects the growth to continue into 2026.
