🏆 Residential: The top home sale recorded in South Florida came in at $13.6 million, for a condo at 2627 South Bayshore Drive in Coconut Grove. The sellers were a trust tied to Paul and Karen Wick, a financier and an attorney, respectively, and the buyer was a trust tied to Daniel S. Glaser. The five bedroom, seven and a half bathroom unit measures more than 6,900 square feet, and the transaction pencils out to just under $2,000 per square foot. The Wicks purchased the pad in 2023 for $12.6 million and put it up for sale in October, asking $14.8 million. Nathan Zeder with Coldwell Banker Realty had the listing, and Liz Hogan with Compass brought the buyer.
🏆 Commercial: The top commercial transaction to hit records was in Miami’s Wynwood neighborhood. Ken Griffin and Goldman Properties’ purchase of an office property at 545 Northwest 26th Street for $181 million hit records. The seller was Chicago-based Sterling Bay, which built the 10-story building, known as 545Wyn, in 2021. It spans nearly 500,000 square feet, pricing the deal at roughly $360 per square foot.
📊 Commercial: A trio of industrial properties in Hialeah changed hands for $24.5 million. Boston-based Longpoint Realty Partners sold the buildings at 14025 Northwest 58th Court in Miami Lakes and 13290 and 13230 Northwest 45th Avenue in Opa Locka to Hoboken, New Jersey-based Faropoint Ventures. They measure almost 108,000 square feet.
📊 Residential: In Palm Beach, a single-family home at 200 Bermuda Lane traded for just under $8 million, or about $3,300 per square foot. The seller was an LLC managed by Mark Marcello, and the buyer was an LLC managed by Timothy Scanlan. The property measures about 2,400 square feet and has three bedrooms, two bathrooms and two half baths. The seller purchased the home in 2024 for $6.8 million. It went on the market in February 2025 for $9.3 million. Lawrence Moens of Lawrence A. Moens Associates brokered the transaction.
By the Numbers: Where are institutional investors buying homes in the US?
President Donald Trump on Tuesday signed an executive order that seeks to place guardrails on institutional investors buying single-family homes.
But do big buyers really compete with the average American who is looking to buy a home, and where are they most active?
The states with the greatest shares of investor-buyers in the second quarter were: Missouri (18.9 percent), Mississippi (17.1 percent) and Nevada (15.4 percent). The states with the lowest share were: Oregon (5.3 percent), Washington (5.7 percent) and New Hampshire (6.2 percent).
