Palm Beach recorded the highest residential sale in South Florida’s tri-county area with a condo at 200 Bradley Place selling for just under $9 million. The property, owned by brothers Leon and Peter Palandjian—whose late parents previously held the unit—was purchased by H. Barry Gales. Peter Palandjian serves as CEO and chairman of International Real Estate Corporation, while Leon is the chief risk officer. The three-bedroom condo offers waterfront views and covers approximately 3,300 square feet, equating to $2,700 per square foot. The listing went on the market in November for $9.5 million with Corcoran’s Paulette Koch.
In Fort Lauderdale, the most expensive commercial transaction was a one-story retail property at 2000 Federal Highway along with an adjacent parking lot featuring 30 spaces. The site 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, who had owned the property for decades. Native Realty listed the property with an asking price of $7 million.
Delray Beach saw a waterfront home at 715 Southeast Eighth Street sell for $7.6 million, or about $1,800 per square foot. Former NFL quarterback Rex Grossman and his wife Alison were the sellers; the buyer was 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. The Grossmans bought it in 2019 for $2.9 million and listed it in April for $7.7 million. Douglas Elliman’s Christopher Scoppettone represented both sides in the deal.
In Miami, 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—about $1,500 per square foot on its 4,500-square-foot footprint built in the 1950s on a one-acre lot. The Benenatis acquired it in 1992; it was listed in May for $8.3 million with Nancy Sanabria from Compass representing them while Pirez represented himself.
Saks Global recently filed for Chapter 11 bankruptcy protection, which could result in many retail locations closing across the country according to analysis by TRD Data (https://therealdeal.com/2026/01/19/by-the-numbers-where-are-saks-globals-stores-affected-by-bankruptcy/). Saks Global claims ownership or control over about 13 million square feet of leasable space and also owns Neiman Marcus after acquiring it for $2.7 billion in 2024 as well as outlet stores like Last Call (https://therealdeal.com/2024/07/12/saks-parent-hbc-buys-neiman-marcus-for-2-7b-in-luxury-retail-shakeup/). Saks Off 5th occupies roughly half of Saks Global’s stores—77 out of 173—with California and Florida each having twelve locations.
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