South Florida - The Real Deal Real Estate News

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  South Florida’s top deals: Griffis Residential scoops up West Palm Beach apartment complex for $79M

  by Mary Diduch on March 14, 2026

  🏆 Residential: Boca Raton had the top home sale to hit records in the tri-county region, with the sale of a waterfront home at 1957 Southeast 21st Avenue for $10.7 million. The 6,600-square-foot home last traded in 2022 for $3.9 million. The seller was an LLC tied to real estate developer Costas Reamensnyder. The buyer was a company linked to Marcos Cintron. 🏆 Commercial: The top commercial deal recorded in South Florida was for an apartment complex in West Palm Beach. Suffern, New York-based Castle Lanterra sold the complex at 805 North Olive Avenue for $78.5 million to Griffis Residential, This article originally appeared on The Real Deal. Click here to read the full story.

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  Alexander family faces two foreclosure suits over Miami Beach homes

  by Katherine Kallergis on March 13, 2026

  The Alexander family is facing foreclosure suits from City National Bank over loans tied to two waterfront Miami Beach homes.  The Miami-based bank filed the complaints in January ahead of Oren, Alon and Tal Alexander’s federal sex trafficking trial. The three brothers were found guilty by a jury of sex trafficking and related charges this week, and face up to life in prison.  The properties at the center of the foreclosures are the home at 1611 West 24th Street on the Sunset Islands and the mansion at 2687 Flamingo Drive, which the family is looking to sell for a price This article originally appeared on The Real Deal. Click here to read the full story.

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  Griffis drops $79M for West Palm apartments amid lethargic rents, some supply overhang

  by Lidia Dinkova on March 13, 2026

  Griffis Residential paid $78.5 million for a West Palm Beach apartment complex as part of its newly launched multifamily fund, despite lingering challenges facing the South Florida rental market. Suffern, New York-based Castle Lanterra, led by Elie Rieder, sold the eight-story, 263-unit property at 805 North Olive Avenue, according to property records and the real estate database Vizzda.  Greenwood Village, Colorado-based Griffis financed the deal with a $56.7 million loan from Northmarq Capital, which matures in 2036.  The sale price breaks down to nearly $300,000 per unit.  The building, consisting of studios, one- and two-bedroom units, was rebranded to Griffis This article originally appeared on The Real Deal. Click here to read the full story.

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  Reuben Brothers eye W South Beach upgrades, including members-only club

  by Francisco Alvarado on March 13, 2026

  Reuben Brothers is looking to upgrade its W South Beach. The London-based investment firm, led by billionaire brothers Simon and David Reuben, is going before the Miami Beach Preservation Board for approval on Tuesday. The planned changes include a members-only social club, a French bakery and a new beachfront restaurant. ​ Reuben Brothers paid more than $400 million in 2024 for the oceanfront condo-hotel at 2201 Collins Avenue, acquiring the hotel component and a chunk of the condo-hotel units from Aby Rosen’s RFR Realty and David Edelstein’s Tricap. Completed in 2009, the 19-story, twin-tower property has 407 units.  Now, the This article originally appeared on The Real Deal. Click here to read the full story.

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  Kolter plans 600 homes in Wellington after massive land annexation

  by Erik Bojnansky on March 13, 2026

  The pastoral Palm Beach County town of Wellington is growing by 446 acres in a move that handed the Kolter Group a victory. The village council approved the annexation of Artistry Lakes, a 446-acre agricultural area at 18551 Southern Boulevard, along with zoning that allows a Kolter affiliate to build 579 single-family homes.  The property’s previous zoning, approved by Palm Beach County in 2024, allowed only 534 residential units, consisting of 480 single-family homes and 54 townhouses. The new zoning also dropped the requirement to build 47,000 square feet of office and retail on site. Three proposals had been filed This article originally appeared on The Real Deal. Click here to read the full story.

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  Ooh la la: Dacra, partners land Parisian brand Fouquet’s for Design District hotel

  by Lidia Dinkova on March 13, 2026

  Dacra, Fort Partners and their development partners are teaming up with a French hospitality firm on their planned luxury hotel and condo project in the Miami Design District.  Fouquet’s, a brand of over 100-year-old French entertainment firm Barrière, will be the flag for the hotel at Miami Design Residences Designed by Chipperfield and will manage the project’s condos, according to a news release from the developers. The brand also will lead the project’s dining concepts.  It will mark Fouquet’s first Miami outpost and second in the U.S., after opening in New York in 2022.   A powerhouse development team –– Miami This article originally appeared on The Real Deal. Click here to read the full story.

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  South Florida’s top deals: Developer Matthew Epstein sells Boca Raton mansion for $18M

  by Mary Diduch on March 13, 2026

  🏆 Residential: Boca Raton had the top home sale to hit records in the tri-county region, with the sale of a waterfront mansion at 207 West Coconut Palm Road in the Royal Palm Yacht & Country Club for $18 million. The seller was a trust tied to developer Matthew Epstein, and the buyer was also a trust. The home, built in 2024, spans 9,300 square feet and has seven bedrooms and eight and a half bathrooms. It went on the market in March 2024 with an asking price of $28.9 million; its last asking price was just under $20 million. This article originally appeared on The Real Deal. Click here to read the full story.

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  FPM Investment scores design approval for Miami Beach hotel

  by Francisco Alvarado on March 12, 2026

  A six-story hotel with 48 rooms is set to replace one built in the 1930s after the Miami Beach Design Review Board gave the project the green light. Miami-based FPM Investment’s project was unanimously approved Thursday, after the developer tweaked the planned low-rise’s exterior. The board deferred voting on the hotel in October to give FPM’s team time to make the changes, according to city documents.  “At the last meeting, there was a lengthy discussion about the building’s rhythm, the perforation along the facade and the overall lightness,” FPM’s land use attorney Vanessa Madrid said at Thursday’s hearing. “We were This article originally appeared on The Real Deal. Click here to read the full story.

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  Palantir’s Alex Karp revealed as buyer of $46M Miami Beach mansion

  by Katherine Kallergis on March 12, 2026

  Palantir Technologies CEO Alex Karp is the buyer who paid $46 million for a waterfront Venetian Islands mansion in June, The Real Deal has learned.  Tom and Patricia Kennedy, who founded a Miami Beach-based software firm, sold the 9,700-square-foot home at 55 East San Marino Drive on San Marino Island last summer to a hidden Delaware LLC. Karp’s identity had not been previously reported.  Palantir, the controversial AI software firm, announced last month that it was moving its headquarters to Miami from Denver. The relocation is part of the wave of tech companies and their CEOs who have moved to This article originally appeared on The Real Deal. Click here to read the full story.

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  Mast Capital, partner pitch first West Palm Beach condo project

  by Kate Hinsche on March 12, 2026

  Camilo Miguel Jr.’s Mast Capital and Curated JCZM Development are planning their first West Palm Beach condo project.  The developer is proposing a 25-story, 86-unit project at 400 Hibiscus Street, according to city planning documents. The Plans & Plats Review Committee, the first stop in the planning and approval process in West Palm Beach, evaluated the proposal at its Thursday meeting this week.  The proposal includes a 5,700-square-foot private club and 6,400 square feet of ground floor retail. Records show Mast Capital acquired the 0.9-acre site at 635 South Dixie Highway from FLF Holdings for $5.2 million in April.  The This article originally appeared on The Real Deal. Click here to read the full story.