🏆 Residential: The priciest residential transaction recorded in South Florida was in Surfside, where two penthouses at the Seaway at the Surf Club at 9149 Collins Avenue sold for $68.7 million. Two LLCs with Pablo and Almudena Legorreta as members purchased units PH-10A and PH10-B in the property, which was developed by Nadim Ashi’s Fort Partners. Pablo Legorreta is the founder and chief executive officer of Royalty Pharma, which buys biopharmaceutical royalties. Penthouse 10A spans 12,716 square feet and was valued at $54.9 million. Penthouse 10-B measures 3,627 square feet and was valued at $13.8 million. The transaction, across both units, pencils out to about $4,200 per square foot.
🏆 Commercial: The top commercial real estate deal recorded in South Florida was in Pompano Beach. CTO Realty Growth, based in Winter Park, dropped $65.2 million on a 35-acre, open-air shopping center at 1955 North Federal Highway, known as the Pompano Citi Centre. The seller was West Palm Beach-based Sterling Organization, which acquired the property in 2012 for just over $15 million. It spans 509,000 square feet and is 92 percent leased. The deal works out to $128 per square foot.
📊 Residential: Steven K. Hudson, CEO of ECN Capital, purchased a single-family home at 433 Antigua Lane in Palm Beach for $19 million. The sellers were Daniel, Joseph, Mary and Angela McCluskey. The 5,900-square-foot home was built last year and has five bedrooms and eight bathrooms. It also has a pool and elevator. The home’s last asking price was $21.5 million.
📊 Residential: A trust tied to Nancy Goodes, widow of Melvin Goodes, the former CEO of Warner-Lambert, and Philip Gross parted with a home at 231 Via Las Brisas in Palm Beach for $18 million or about $3,300 per square foot. The buyers were Andrew and Mindy Heyer. Andrew Heyer is the CEO of Mistral Equity Partners. The 5,400-square-foot home has five bedrooms and sits on a half-acre lot. It also has six full bathrooms, two half baths, a summer kitchen and a pool. Dana Koch with Corcoran represented both parties in the deal. The Heyers had owned the residence since 2014, when they purchased it for $5.9 million. It went on the market in March for $21.5 million.