🏆 Commercial: Miami logged the top commercial real estate deal in South Florida, with the sale of a 200,000-square-foot warehouse at 9500 Northwest 108th Avenue. Intradeco Apparel sold the property for $48.8 million to an affiliate of Conshohocken, Pennsylvania-based Seagis Property Group. The sale breaks down to about $244 per square foot.
🏆 Residential: The top home sale to hit records in South Florida was in Lantana, where a home at 416 South Lake Drive changed hands for $8.4 million. The sellers were an LLC managed by Anthony Hernandez of Illustrated Properties, who brokered the sale, and Kimberly Hernandez, and the buyers were John Clark and Brent Clark. The waterfront property spans about 8,500 square feet and has six bedrooms, six bathrooms and two half bathrooms. It was built last year.
📊 Residential: In Wellington, a home at 12381 Cypress Island Road traded for $8 million. The seller of the 8,100-square-foot property was an LLC managed by Alejo Pedroza Paez, and the buyer was Jean Goutal. The home, which last sold in 2018 for $6.1 million, has six bedrooms and seven and a half bathrooms. Its last asking price was $10.9 million. Romain Marteau with M B Real Estate Group brokered the transaction.
By the Numbers: Tariffs, war keep pressure on construction costs
Tariffs that doubled midyear, a renewed spike in steel prices and the ripple effects of the war with Iran are offsetting any broader cooling in materials, leaving developers and homebuilders with little relief heading into 2026.
The Building Cost Index, a measure of labor and materials prices from the Engineering News-Record, rose 4.2 percent year-over-year in 2025, while the trade publication’s Construction Cost Index grew by 3.6 percent. (Both indices include pricing for steel, lumber and cement for non-residential construction. The BCI incorporates skilled labor wages, while the CCI uses common labor wages.)
If you like this digest, you can get it even earlier — every evening — by subscribing to TRD Data, here.