🏆 Commercial: Palm Beach had the top commercial deal to hit records, with the closing of the Reuben Brothers and Crown Onyx’s purchase of The Esplanade, a luxury shopping center at 150 Worth Avenue for $200 million. The seller was an affiliate of O’Connor Capital Partners, which acquired the property in 2014 for $106 million. The Esplanade dates to the 1970s and includes retailers like Caolina Herrera and Emilio Pucci.
🏆 Residential: Palm Beach also had the top residential transaction, with the sale of a waterfront mansion at 870 South Ocean Boulevard for $37.1 million. The seller was telecommunications mogul Kevin Douglas and his wife, Michelle, who purchased the 6,100-square-foot home for $28.5 million in 2021. Built in 1987, the property has six bedrooms, seven bathrooms, two half bathrooms and two pools. It went on the market with Christian Angle with Christian Angle Real Estate in November, with an asking price of $43.9 million. Angle also represented the buyer, an LLC.
📊 Residential: William and Sinesia Karol — he is the CEO of Koda Enterprises Group, and she is a luxury swimwear designer — parted with a condo at 501 West Avenue in Miami Beach for just under $13 million, or about $1,900 per square foot. The buyer was Recoltant LLC. The nearly 6,800-square-foot pad has four bedrooms and two parking spaces. It also has a wraparound balcony. It went on the market in March 2025 for $15 million.
📊 Commercial: In Deerfield Beach, an industrial property at 1498 Northwest Third Street and an adjacent vacant lot at 1400 Northwest Third Street traded for $9 million. The building spans more than 27,500 square feet, and the properties last sold in 2022 for $8.2 million. In the latest sale, the seller was an affiliate of Bryn Mawr, Pennsylvania-based Alliance HP, and the buyer was an LLC managed by Rich Applegate.
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