SOUTH FLORIDA NEWS - June, 2026

Why the Oracle and WeatherTech Billionaires Split a Manalapan Lot

Larry Ellison and David MacNeil paid a combined $67 million for a 4-acre lot between their estates. The seller had planned a 50,000-square-foot mansion but walked away with a $39.5 million gain instead.

Key Takeaways

• Larry Ellison (Oracle) paid $35 million for the southern half; David MacNeil (WeatherTech) paid $32 million for the northern half.
• This purchase brings Ellison's total Manalapan investment to approximately $485 million.
• The seller, former Manalapan Mayor Stewart Satter, bought the lot for $27.5 million in 2024 and netted a $39.5 million gain.

Two billionaire neighbors in Manalapan just split a 4-acre lot between their estates for a combined $67 million. The property at 1960 S. Ocean Boulevard sat right between Larry…

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The Maxwell Brings 23 Boutique Condos to Delray's Pineapple Grove

A father is building a luxury condo project in memory of his son who envisioned it before passing away in 2021. The Maxwell will deliver 23 Modern Art Deco residences steps from Atlantic Avenue.

Key Takeaways

• The Maxwell is a 4-story, 23-unit boutique condo at 306 NE 2nd Street in Pineapple Grove, designed by Netta Architects.
• Developer Harold Van Arnem is building the project in memory of his son Maxwell, who conceived it before his death in October 2021.
• Early reservations are open, with pricing expected above $1 million based on downtown Delray comps.

The Maxwell is a 23-unit boutique condo coming to 306 NE 2nd Street in Delray Beach's Pineapple Grove district. According to the project's website, the building features Modern Art…

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Related Group Scores Rezoning for Marina Village After FBI Drama

An FBI subpoena, two canceled meetings, and a 3-2 vote that nearly failed. Related Group has cleared the final hurdle for a 418-unit tower on Riviera Beach's Broadway corridor.

Key Takeaways

• Gallery at Marina Village will bring 418 market-rate apartments to 2.5 CRA-owned acres on Broadway in Riviera Beach.
• The rezoning passed 3-2 after the original February vote was canceled following an FBI subpoena of Marina Village bid records.
• The Broadway corridor now has over 1,000 units approved or proposed across multiple projects.

The Riviera Beach City Council finally approved rezoning for Related Group, BH Group, and Tezral Partners to build a 20-story, 418-unit apartment tower at Marina Village. The project will be built on 2.5 acres of…

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Coral Springs vs Parkland: Diverse Suburb or Exclusive Enclave?

Coral Springs and Parkland share a city line in northwest Broward County, but offer two very different versions of South Florida suburban living. Here is how the two cities actually compare on home prices, lifestyle, schools, and daily life.

Quick verdict: Coral Springs vs Parkland

Choosing between Coral Springs and Parkland comes down to whether you want a larger, diverse, mid-range family suburb with a real downtown and a thriving local job market, or an exclusive, residential-only luxury enclave with $1M-plus entry points and elite-rated schools. Coral Springs is consistently ranked among Florida's most diverse cities, with 18 public schools, a developing downtown, and active code enforcement that keeps the city polished. Parkland is the smaller,…

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How a Condo Board Can Kill Your Sale Without Saying No

A Boca Raton condo owner claims she has been unable to sell her unit for five years because her board allegedly refuses to act on sale contracts. The Boca View case is now in court, but the bigger story is what it reveals about what Florida condo associations can and cannot legally do.

Key Takeaways

• A condo board can only approve or deny sales if that power is in the Declaration of Condominium.
• Boards can effectively block sales by delaying the issuance of estoppel certificates or by refusing to act on contracts.
• Contract language, meeting minutes, and reserve status matter more than most buyers realize.

When Tiger Woods or a new luxury tower makes headlines, people pay attention. But some of the most important real estate stories are…

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Boca Raton vs Parkland: Coastal Energy or Quiet Family Living?

Boca Raton and Parkland sit just 14 miles apart on opposite sides of the Palm Beach-Broward county line, but offer two very different versions of upscale South Florida living. Here is how the two cities actually compare on home prices, lifestyle, schools, and daily life.

Quick verdict: Boca Raton vs Parkland

Choosing between Boca Raton and Parkland comes down to whether you want coastal energy with college-town culture or a quiet, family-friendly, deliberately rural suburb. Boca Raton is a wealthy coastal city with beaches, four universities, a Brightline station, and a downtown packed with shopping and dining. Parkland is an inland family enclave zoned for park-like quiet, with luxury estates spread across master-planned communities and almost no…

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Related Ross Targets Boca's IBM Campus, Its First Boca Move

The campus where IBM engineers built the first personal computer could become a 1.7-million-square-foot "micro city" with more than 1,000 homes. The approvals are already done, so Stephen Ross can skip years of red tape and get straight to building.

Key Takeaways

• Related Ross is nearing a deal for the 1.7-million-square-foot former IBM campus, the largest single-office building in Florida.
• The site already has city approvals for about 1,250 homes, retail, medical offices, and a hotel on its parking lots.
• This would be Stephen Ross's first major project in Boca Raton, extending his multibillion-dollar push in West Palm Beach.

Let's back up for a second. Stephen Ross spent the last several years pouring billions into downtown West Palm…

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Tiger Woods and Justin Timberlake Bet Big on Wellington

A 600-acre luxury community with golf and equestrian facilities, and homes starting at $6 million, is taking shape in Wellington. The investor list includes big names, but all the projects going on in this South Florida city are even bigger.

Key Takeaways

• The Wellington was approved in February 2024 and is targeting a 2028 opening.
• The project includes 253 residences, an 18-hole championship golf course, and equestrian facilities.
• Abu Dhabi-based Modon Holding joined the partnership in November 2025, bringing sovereign-adjacent capital.

When Tiger Woods, Justin Timberlake, and a billionaire sports-team owner all back the same real estate project, it is worth paying attention. The Wellington is a roughly 600-acre luxury community in…

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PMG's 28-Story Sage Tower Begins Rising in Fort Lauderdale

The foundation is poured, the $115 million construction loan is secured, and PMG's 44-unit waterfront tower is now rising near the Galleria. Here is why this location is about to get a lot more interesting.

Key Takeaways

• The foundation pour took place on May 18, 2026, marking the start of vertical construction.
• PMG secured a $115 million construction loan from GoldenTree Asset Management.
• The 44-unit tower is expected to deliver in late 2027 with prices starting at $2.9 million.

When a foundation pour requires 140 concrete trucks running from 8 AM to 6 PM, you know the project is real. Sage Intracoastal Residences in Fort Lauderdale completed that milestone on May 18, 2026, according to Florida YIMBY, laying down approximately 1,400…

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The Pierce: 300 Units Set to Reshape Downtown Boynton Beach

After five years of plans, lawsuits, and rising costs, the city of Boynton Beach just fast-tracked $7 million to get the first shovels in the ground. Half the apartments are workforce housing.

Key Takeaways

• The Boynton Beach CRA voted on June 9, 2026, to fast-track a $7 million incentive, paying it in under three years instead of 15.
• Half of the 300 units are workforce housing for households earning 80-120% of the area median income.
• Affordability is locked in for 30-plus years: 50% of units for 15 years, then 30% for another 15, then 10% in perpetuity.

Let's set the stage first. For years, Boynton Beach has watched neighbors like Delray Beach and West Palm Beach pour money into their downtowns while its own core waited its turn. That…

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