SOUTH FLORIDA NEWS - July, 2026

Related Group Sells Aventura Stake as Condos Cool

Florida's biggest condo builder just walked away from an Aventura project, as the plan flipped from for-sale condos to rentals and a hotel. When the condo king cashes out, it says something about the market.

Key Takeaways

• BH Group and The Apollo Companies bought out Related Group's stake in the 4.5-acre Aventura City Center site at 2999 NE 191st Street.
• The project flipped from for-sale condos to a 248-unit rental tower plus a 153-room Marriott hotel, with the hotel zoning approved in May 2026.
• Related Group, Florida's largest condo developer, exiting a project that dropped condos, points to a cooling for-sale market.

When Florida's largest condo developer steps back from a project, it is worth asking why. According to The Real…

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Mayweather's Former Palm Island Home Resells at a $3.5M Loss

Even in real estate, "Money" Mayweather stayed undefeated. He booked a profit and left the loss to the next owner, who may have been smart to take the hit and move on.

Key Takeaways

• The Palm Island estate at 288 South Coconut Lane sold for $18.5 million in July 2026, about $3.5 million below what the seller paid in November 2024.
• Floyd Mayweather, the home's former owner, actually profited, buying at $18 million in 2021 and selling at $22 million in 2024.
• The loss belongs to the current seller, an LLC tied to Black Spruce Management's Josh Gotlib, who chose to cut it rather than keep holding.

A mansion once owned by boxing champion Floyd Mayweather just resold at a loss. According to The Real Deal, the waterfront estate at 288 South…

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Why Palm Beach County Paused the Self-Driving Airport Connector

Glydways pitched autonomous cars on elevated roadways running from downtown West Palm Beach to the airport. Commissioners said "not now" after the company requested a nearly $1 million feasibility study.

• Glydways withdrew its proposal on July 7, 2026, after Palm Beach County commissioners raised concerns about upfront study costs.
• The proposed system would connect Palm Beach International Airport to six downtown stations over a 4-5 mile elevated route.
• Commissioners cited budget uncertainty tied to the November 2026 homestead exemption referendum.

West Palm Beach's self-driving airport transit idea is not dead, but it makes sense that the county paused it. The concept is interesting, but a nearly $1 million feasibility study and a…

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How Florida Foreclosure Auctions Actually Work

Most first-time bidders lose money, and it usually happens after the gavel rather than during it. Surviving liens, credit bids, and occupied houses do the real damage.

• Winning bidders generally owe 5% at the sale and the full balance by noon the next business day.

• Junior claims usually clear, though property taxes, municipal fines, and IRS redemption rights can outlive the sale.

• Third-party buyers do not receive the association assessment safe harbor that lenders get.

Free live workshop, Wednesday July 29, 2026: Larry Mastropieri and three Florida foreclosure specialists take bidder questions on Zoom, 10:00 AM to 11:30 AM EST. Reserve a seat at no cost.

Distressed property keeps surfacing…

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21 Hollywood Nears 2027 Delivery With Premium Rents

Studios start at $2,250 a month in a city where the average studio rents for about $1,589. With the building nearly done and pre-leasing open, the real question is whether South Florida demand backs up the price.

Key Takeaways

• 21 Hollywood, a 14-story, 200-unit luxury rental at 2100 N Federal Highway, launched pre-leasing in July 2026 and targets completion in early 2027.
• Studios start around $2,250 a month, well above Hollywood's roughly $1,589 average studio rent, with about 22 units available now.
• Hollywood's Federal Highway corridor is planned for up to 25,100 residences, with nearly 6,000 completed or in the pipeline.

Hollywood's building boom is not only happening on the sand. While big names like Related Group circle the…

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$1.98M Judgment Over Mandarin Oriental Boca Condos

One buyer settled for $2.1 million, a dozen more are in line, and now a lender wants the whole project. The delay was always the headline, but the real problem now is that buyers no longer trust the finish line.

Key Takeaways

• A Palm Beach County judge awarded buyers Douglas and Debra Jacobs a $1.98 million judgment on June 29, 2026, after their condo missed its December 31, 2025 deadline.
• County records show 13 buyers have sued the developer, Penn-Florida affiliate Via Mizner Owner III, and a separate buyer settled for $2.1 million.
• In July 2026, a lender group tied to Apollo Global Management filed a $417.7 million foreclosure suit on the condo project, putting buyer deposits at risk.

The Mandarin Oriental story in downtown Boca…

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Fort Lauderdale's River District Gets Two New Towers

A $54 million pre-construction loan moved two ODA-designed high-rises closer to reality on a quiet stretch just south of downtown.

Key Takeaways

• Dependable Equities landed a $54 million pre-construction loan for two ODA-designed towers of 45 and 47 stories.
• Combined, the towers would add about 1,460 residences and nearly 2 million square feet, with construction targeted to begin in early 2028.
• The site sits south of the New River, an older office pocket that developers keep converting to new construction.

Downtown Fort Lauderdale has spent two decades filling in, and lately the building has been jumping the New River to the south side. That quieter bank is where the newest project lands. According to Florida YIMBY, Dependable Equities…

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E11EVEN Miami Expands to 1,000 Units After 90-Day Sellout

PMG sold out the first tower in roughly two months. Now the second tower is topping out, and the nightlife brand has become a real estate empire. This is either everything you love or everything you hate about Miami.

• E11EVEN Club Hotel & Residences (Tower 1) delivered in June 2026 with roughly 457 units.
• E11EVEN Residences Beyond (Tower 2) is topping out and will add approximately 550 more units in 2027.
• Combined, the two towers bring roughly 1,000 residences to downtown Miami's Park West district.

E11EVEN is not just a condo project. It is a nightlife brand turned into a residential tower, hotel concept, and Miami lifestyle asset. PMG took a warehouse district, attached it to one of the city's most recognizable 24/7 clubs, sold the…

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Inside Trump's South Florida Portfolio: $265M in Revenue

Mar-a-Lago, Doral, Jupiter, and West Palm Beach together account for about a tenth of the president's reported 2025 income.

Key Takeaways

• Four South Florida properties reportedly brought Donald Trump about $265 million in 2025, roughly a tenth of his reported total income.
• The figures come from a federal disclosure and reflect revenue, not profit, so they do not show whether the properties make money.
• The Trump Organization holds approval for 1,498 condos at Trump National Doral, its first self-developed South Florida project since 2012.

President Trump's four South Florida properties generated roughly $265 million in the first year of his second term, according to his latest federal financial disclosure as reviewed by the Miami…

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Giants Co-Owner Drops $12.5M on a 1982 Palm Beach Condo

The New York Giants co-owner and his wife bought into a six-residence building on Sunset Avenue that has quietly collected NFL ownership. The seller's family had paid $2.1 million for the same unit in 1993.

Key Takeaways

• Daniel Tisch, a New York Giants co-owner, and his wife Bonnie Tisch paid $12.5 million for a penthouse at Leverett House in Palm Beach.
• The 4,600-square-foot unit traded for roughly $2,712 per square foot in a building that was built in 1982.
• New England Patriots owner Robert Kraft bought into the same six-unit building in 2022, and a member of the Pittsburgh Steelers' Rooney family owns there too.

NFL ownership money keeps finding its way to Palm Beach, and one small building keeps catching it! According to The Real…

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