🏆 Residential: Miami Beach had the priciest home sale recorded in South Florida, with the $35 million sale of 2131 Lake Avenue on Sunset Islands. The seller was a trust with Michele Ammirata as trustee. The buyer was Berjan 2132 LLC. The waterfront property spans 3,700 square feet and appears to have been sold as a development site. The seller had owned the property for decades.
🏆 Commercial: Miami Beach also had the top commercial deal to hit records in the region. Le Petit Papillon Montessori Corporation sold four parcels of a school property at 997 and 1021 Biarritz Drive, 6915 Rue Versailles and 6946 Rue Vendome for $19 million. The buyer was Alpha School 33141 LLC, tied to Andrew Price. The four buildings span more than 13,000 square feet.
📊 Commercial: In Davie, an industrial land site at 3570 Southwest 49th Way changed hands for $14.5 million. The seller was an affiliate of Atlanta-based Stonemont and the buyer was Coastal Waste & Recycling. The property spans nearly 97,000 square feet.
📊 Commercial: A warehouse in West Palm Beach at 3101 Tuxedo Avenue sold for $8.5 million. Shaul Porath and his wife, Mary Porath, owners of Porath Fine Cabinetry, were the sellers. Tuxedo Realty LP was the buyer. The property spans nearly 29,000 square feet. The deal comes out to about $295 per square foot.
By the Numbers: ICE plans to sell off, reassign most of newly acquired portfolio
The department’s U.S. Immigration and Customs Enforcement division, on a mission to add tens of thousands of beds to its detention centers, scooped up 11 industrial properties across the country over the past year. Nine of those deals totaled $911 million, according to an analysis by The Real Deal of media reports and PropertyShark data. ICE had attempted to acquire another seven buildings, but those transactions fell through.
ICE has been hit with a slew of environmental lawsuits and intense community pushback that have caused the agency to reevaluate its purchases. Now, it plans to sell or give seven properties valued at $700 million to other agencies, according to The New York Times.
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