🏆 Residential: The priciest residential sale was in Delray Beach. A trust tied to Dr. Robert S. Fishel, a cardiologist, parted with a 0.5-acre vacant lot at 102 Basin Drive for $20.3 million. The buyers were Randy and Dawn Lebowitz. Fishel had owned the property for decades.
🏆 Commercial: Deerfield Beach had the top commercial deal recorded in South Florida, with the sale of an industrial property at 2070 Northwest 40th Court for $10.5 million. The seller was an LLC tied to Brookfield Properties, and the buyer was an affiliate of Stamford, Connecticut-based Jadian Capital. The property spans 15,800 square feet, pricing the sale at $665 per square foot. It last sold in 2024, for $6.8 million.
📊 Residential: Rodrigo and Paola Barbosa scooped up a waterfront property at 6853 Sunrise Court in Coral Gables for $16.2 million. The sellers were Philip and Jennifer Tingle, who purchased the site in 2004 for $2.1 million. The home, built in 2023, spans 5,400 square feet and has six bedrooms and seven and a half bathrooms. It also has a six-car garage. The last asking price was $17 million, and it was on the market with Renier Casanova with Compass. Juliana Savoia with Coldwell Banker Realty brought the buyer.
📊 Residential: In Pinecrest, a trust purchased a 9,400-square-foot mansion, built last year, for $11.1 million. The seller was an LLC tied to Edgar Dreyer of Lightstone Group. The property sits on a nearly 1-acre lot and went on the market in June for just under $12 million. The sale breaks down to $1,200 per square foot. Michael Martinez with One Sotheby’s International Realty represented both sides of the transaction.
By the Numbers: The mall is back — but only if it’s high-end
Is the American mall back?
A report from Coresight Research says it could be — at least for high-end operators that have revamped their properties to bring in Gen Z-friendly tenants and top-tier experiences for visitors.
By mid-2025, the occupancy rate for malls hit 90.7 percent, up from a low of 85 percent in the first quarter of 2022, according to the report, which noted that demand for top space continues to outpace supply. However, leasing has been stronger in luxury malls, which recorded occupancy rates north of 95 percent last year, while non-top-tier malls saw an average occupancy rate of 90 percent.
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