🏆 Residential: The top residential sale recorded in South Florida was in Palm Beach where a home at 239 Emerald Lane sold for $25 million. Buck House Limited was the seller. Mac Cummings, co-founder of Terakeet, was the buyer. The 7,200 square foot home has six bedrooms and nine and a half bathrooms. Stephen Hall with Compass Florida handled the listing. Gary Pohrer with Serhant brought the buyer.
🏆 Commerical: The top commercial sale to hit records was in Miami, where a Coral Gables Hospital’s off-campus emergency center at 8665 Bird Road traded for $32 million. The seller was an affiliate of Amdur Management, and the buyer was an LLC managed by Miami-based Supermarket Management. The seller had owned the site, which sits on a nearly 8-acre lot, for decades.
📊 Residential: In Pinecrest, Jose and Stephanie Armas parted with a mansion at 13291 Old Cutler Road for $17.5 million. Jose Arma is an attorney. The buyer was a company tied to Nicholas and Francesca DeStefane, healthcare executives. The property spans 11,600 square feet and has nine bedrooms, nine full bathrooms and four half baths. The Armas purchased the site in 2020 for $1.5 million and the home was built four years later. It hit the market in February with an asking price of $19.5 million. Michael Martinez with One Sotheby’s International Realty had the listing, and Lorraine Devine with BHHS EWM Realty brought the buyer.
📊 Residential: In Miami Beach, a home at 1045 North Venetian Drive sold for $18.2 million. The seller was an LLC managed by Jose Boschetti Jr. of The Boschetti Group, and the buyer was Cambridge Capital of Miami LLC. Built in 2018, the home has six bedrooms and six and a half bathrooms across nearly 5,500 square feet, pricing the sale at roughly $3,300 per square foot. It went on the market in November 2024 for just under $20 million but was removed about half a year later.
📊 Commercial: In Palm Beach, the land designated for the Hilltop Gardens Community sold for about $30.7 million. Gardens Business Center Palm Beach LLC was the seller; RK PBG MF Owner LLC was the buyer. The parcel is slated for 430 units of workforce housing.
By the Numbers: Miami claims highest office asking rents in the US
The U.S. city with the highest asking rent is not the Big Apple or Silicon Valley — it’s Miami.
The Magic City logged an average asking rent of $59.66 per square foot, besting New York’s $50.56 per square foot, according to an analysis by commercial listings platform LoopNet, which looked at 5,000 office listings across 50 markets as of March 2026. The report is new for the firm.
New York’s figure encompasses the entire city, not just Manhattan, whose office leasing market has been on a hot streak so far this year. Data from commercial real estate research firm Yardi Matrix shows the asking price for Manhattan alone coming in at $69.29 in May, the highest in the country. Miami’s was third, at $58.41.
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