Early Hurricane Outlook Points to Fewer Storms
Florida still faces a 15% chance of a major hurricane along the East Coast and 20% along the Gulf Coast, according to one of several preseason forecasts.
South Florida’s top deals: Sterling offloads Broward retail at 24% gain
🏆 Commercial: The top commercial sale to hit records in South Florida was in Coral Springs and Margate, where the Sterling Organization, based in West Palm Beach, offloaded an Aldi-anchored retail center for $46.3 million. The addresses of the complex are: 3200-3470 Northwest 62nd Avenue in Margate
South Florida’s top deals: Welltower drops $87M on Lake Worth facility
🏆 Commercial: The top commercial sale to hit records in South Florida was in Lake Worth, where a 377-unit assisted living facility at 9130 Hypoluxo Road traded for $87.2 million. The property spans more than 366,000 square feet and sits on a 22.5-acre site; it last sold in 2024 for $63.8 million. I
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