🏆 Residential: The priciest home sale recorded in South Florida was in Miami Beach, where a newly built home at 1785 Cleveland Road traded for $14.2 million or roughly $2,400 per square foot. The seller was an LLC managed by Slobodan Zivojinovic, a former professional tennis player, and the buyer was an LLC managed by Elie Yaffa, a French rapper known as Booba. The property spans 6,000 square feet and has six bedrooms and six and a half baths. Its last asking price was $15.9 million. Mirce Curkoski, Albert Justo and Michael Leduc with One Sotheby’s International Realty represented the seller, and Compass’ Mathieu Rochette brought the buyer.
📊 Residential: In Boca Raton, Frank and Lea Ann LoBello sold a home at 252 South Maya Palm Drive for $11.4 million. The buyer was a trust. The residence measures about 5,900 square feet and has five bedrooms and six and a half baths. Dating to 2001, it last traded in 2012 for $3.8 million. The home went on the market for $12.5 million in December. David Roberts with Royal Palm Properties represented both sides of the transaction.
📊 Residential: In Bal Harbour, Ivan Kaufman parted with a condo at 9701 Collins Avenue. The buyers were Daryl and Sarit Hagler, who paid $9.4 million for the 3,500-square-foot pad. Daryl Hagler is a real estate investor. The sale pencils out to about $2,700 per square foot. The unit has three bedrooms and three and a half baths.
📊 Residential: A home at 1880 Sabal Palm Drive in Boca Raton changed hands for $8.9 million. The sellers were tech executive Prentis Wilson and his wife, Miriam Park, and the buyers were Sean and Gina McDermott. The sellers bought the home in 2020 for $5.2 million. It spans more than 8,100 square feet, with six bedrooms, six full bathrooms and two powder rooms. Royal Palm Properties’ David Roberts represented the buyer and seller in this transaction as well. The listing went live in December, with an asking price of $9.5 million.
By the Numbers: Where is ICE buying up industrial real estate?
The Department of Homeland Security has been buying up warehouses and industrial properties around the country as it works to increase the capacity of its detention centers.
The department’s U.S. Immigration and Customs Enforcement division intends to add about 20,000 beds to its detention centers, bringing the total to 92,600.
If you like this digest, you can get it even earlier — every evening — by subscribing to TRD Data, here.