In Palm Beach, a condominium at 200 Bradley Place sold for nearly $9 million, making it the most expensive residential transaction recorded in South Florida’s tri-county area recently. The property was owned by brothers Leon and Peter Palandjian, whose late parents had previously held the unit. Peter Palandjian serves as CEO and chairman of International Real Estate Corporation, while Leon Palandjian is the firm’s chief risk officer. The buyer was H. Barry Gales. The three-bedroom condo features waterfront views and spans approximately 3,300 square feet, with a price per square foot of $2,700. It was listed for sale in November by Corcoran’s Paulette Koch at an asking price of $9.5 million.
In Fort Lauderdale, the top commercial real estate deal involved a one-story retail building measuring 12,100 square feet at 2000 Federal Highway and its adjacent parking lot with 30 spaces. This property sold for $6.9 million to an affiliate of El Car Wash. The seller was an LLC led by Ilan Neuwirth of Inn Real Estate, which had owned the site for decades. Native Realty handled the listing with an initial asking price of $7 million.
Delray Beach saw another notable residential transaction when former NFL quarterback Rex Grossman and his wife Alison sold their waterfront home at 715 Southeast Eighth Street for $7.6 million to a trust linked to Michael Manning. The nearly 4,100-square-foot house includes four bedrooms, four and a half bathrooms, a pool, and a private dock—amounting to about $1,800 per square foot. The Grossmans bought the home in 2019 for $2.9 million and listed it this April for $7.7 million; Douglas Elliman’s Christopher Scoppettone represented both parties.
Another residential sale took place in Miami where Drs. James and Susan Benenati sold their five-bedroom home at 7400 Southwest 47th Court to an affiliate of Alex Pirez’s Mocca Group for $6.9 million or roughly $1,500 per square foot on the 4,500-square-foot property built in the 1950s. The Benenatis purchased it in 1992; Nancy Sanabria from Compass represented them while Alex Pirez represented himself.
On the retail front nationally, Saks Global has filed for Chapter 11 bankruptcy protection as reported by TRD Data. This filing puts at risk up to 173 retail stores that could be closed according to analysis from TRD Data (source). Saks Global claims ownership or control over about 13 million square feet of leasable space across its properties and also owns Neiman Marcus after acquiring it in early 2024 for $2.7 billion (source). Among these holdings are discount outlets such as Last Call and Saks Off 5th—the latter accounting for nearly half (77 out of 173) of Saks Global’s locations—with California and Florida each hosting twelve stores (source).
Readers interested in more timely updates can subscribe to TRD Data’s evening digest.
