South Florida recently saw several significant real estate transactions in both the residential and commercial sectors.
In Boca Raton, a waterfront home at 7400 Northeast Orchid Bay Terrace sold for $10.8 million. The 7,000-square-foot property features five bedrooms, a pool, and a wraparound balcony. The seller was entrepreneur Shawn Meaike, who had purchased the home in 2020 for $5 million. Compass’ Meghan Romanelli represented Meaike in the transaction, while Jonathan Postma of Coldwell Banker Realty represented buyers Agostino Vona, president of Vona Capital Group, and Barbara Vona.
On the commercial side, Coral Gables recorded the top deal with DWS Group selling its two-building office complex—The Alhambra at 2 Alhambra Plaza (232,100 square feet) and 95 Merrick Way (94,300 square feet)—for $119.6 million. The properties were marketed last year with an initial target price of $125 million. The buyer is an LLC associated with Dallas-based Lone Star Funds, Jay Caplin’s Miami-based Square2 Capital, and David Moret’s Highline Real Estate Capital. DWS Group acquired these assets in 2015 for $118.5 million.
Another notable commercial transaction took place in Miami’s Little Havana neighborhood where Douglas Enclave at 61 Northwest 37th Avenue was sold for $68 million by developer Astor Companies to an affiliate of Tandel Group. The apartment complex includes 199 units across an 11-story building with ground-floor retail space.
In West Palm Beach, a home at 6707 Pamela Lane changed hands for $9.7 million. Managed by developer Samuel Fisch through an LLC, the property measures 6,300 square feet and includes seven bedrooms and six and a half bathrooms as well as amenities like a pool and summer kitchen. The buyer was a trust managed by Eric Ray.
Across the U.S., outstanding commercial real estate debt reached $4.8 trillion through the second quarter of 2025 according to Trepp’s analysis of Federal Reserve data. Banks and thrifts hold nearly 38 percent of this debt—about $1.83 trillion—while government-sponsored enterprises such as Fannie Mae and Freddie Mac account for approximately 22 percent or $1.08 trillion.
“If you like this digest, you can get it even earlier — every evening — by subscribing to TRD Data, here.”
