F
loyd Mayweather Jr., the retired boxer known as "Money," is investing his wealth in commercial real estate. He has made significant investments in office portfolios, including a $10 billion portfolio in New York and a $400 million multifamily portfolio elsewhere. Mayweather's net worth is reportedly over $1 billion, earned throughout his career.

    The boxing legend is also acquiring a stake in the iconic Versace Mansion on Miami Beach, which was converted into a luxury boutique hotel after Gianni Versace's death in 1997. The property, now called Villa Casa Casuarina, will be opened to the public under Mayweather's ownership. He has also sold his waterfront mansion on Palm Island for $22 million.

    Mayweather joins other former pro athletes like Alex Rodriguez, who has a substantial real estate portfolio. This trend may indicate that retired athletes are turning to commercial real estate as a lucrative investment opportunity.

    In other news, condo owners at 1060 Brickell in Miami will face a $21 million special assessment for repairs. Residential sales include the sale of Louise Riggio's oceanfront compound in Palm Beach for $81 million and an oil trader listing his waterfront mansion in Bal Harbour for $78 million.

    Florida politics are also making headlines, with Pam Bondi, Donald Trump's pick for U.S. attorney general, facing scrutiny over her past stances on issues like the Affordable Care Act and same-sex marriage. Former Rep. Matt Gaetz will not return to Congress next year, and condo reforms in Florida have been pushed back until March.