Palm Beach recorded the highest-priced residential sale in South Florida’s tri-county area with a condo at 200 Bradley Place selling for just under $9 million. The sellers were Leon and Peter Palandjian, whose late parents previously owned the unit. Peter Palandjian is CEO and chairman of International Real Estate Corporation, while Leon serves as chief risk officer. H. Barry Gales purchased the three-bedroom, waterfront property, which spans about 3,300 square feet. The sale price equates to $2,700 per square foot. Corcoran’s Paulette Koch listed the unit in November for $9.5 million.
In Fort Lauderdale, the most expensive commercial real estate transaction was the sale of a one-story retail property at 2000 Federal Highway and an adjacent parking lot with 30 spaces for $6.9 million. An affiliate of El Car Wash bought the property from an LLC led by Ilan Neuwirth of Inn Real Estate, who had owned it for decades. Native Realty handled the listing with an asking price of $7 million.
A waterfront home in Delray Beach at 715 Southeast Eighth Street sold for $7.6 million—about $1,800 per square foot—to a trust associated with Michael Manning. Former NFL quarterback Rex Grossman and his wife Alison Grossman were the sellers; they purchased it in 2019 for $2.9 million and listed it this April for $7.7 million. The nearly 4,100-square-foot house includes four bedrooms, four and a half bathrooms, a pool, and a private dock. Douglas Elliman’s Christopher Scoppettone represented both sides in the deal.
In Miami, Drs. James and Susan Benenati sold their home at 7400 Southwest 47th Court to an affiliate of Alex Pirez’s Mocca Group for $6.9 million—about $1,500 per square foot on its roughly 4,500-square-foot footprint built in the 1950s. The five-bedroom home sits on a one-acre lot and features four bathrooms and a pool; it was listed in May at $8.3 million after being purchased by the Benenatis in 1992. Alex Pirez represented himself; Nancy Sanabria with Compass represented the sellers.
Saks Global filed for Chapter 11 bankruptcy protection on Wednesday—a move that could result in up to 173 retail stores closing nationwide according to TRD Data analysis (https://therealdeal.com/national/2026/01/17/saks-global-files-for-bankruptcy-plans-to-close-stores-nationwide/). Saks Global owns or controls about 13 million square feet of leasable space across its brands including Neiman Marcus—which it acquired for $2.7 billion in 2024—and discount outlets like Last Call and Saks Off 5th (https://therealdeal.com/national/2024/06/04/hudson-bay-company-saks-neiman-marcus-merger-explained/). Saks Off 5th accounts for nearly half its locations: out of all stores operated by Saks Global set to be affected by bankruptcy proceedings, California and Florida each have twelve.
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