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024 was a year of ups and downs in South Florida real estate. Despite high interest rates suppressing deal activity, home buyers and sellers set records, while commercial properties traded at varying prices and leases were signed. Condo owners and associations had to navigate new legislation, with an appeals court ruling putting some buyout deals on hold.

    Palm Beach and its surrounding areas drew attention from developers, tenants, and buyers. The FBI was also active in the region, investigating scandals involving top real estate agents Oren and Tal Alexander, who were arrested on federal sex trafficking charges. Developer Sergio Pino died by suicide as the FBI planned to arrest him for orchestrating murder-for-hire attempts against his estranged wife.

    Celebrity dealmaking continued, with notable sales including David and Victoria Beckham's $72 million purchase of a waterfront mansion in Miami Beach. Other high-profile deals included Fox News host Bret Baier selling his Palm Beach house and former Fox alum Sean Hannity buying a mansion in Manalapan for $24 million.

    The office market showed signs of cracking, with investment sales falling and new-to-market firms pulling back. Landlords faced mounting debt woes as companies backed out of their leases.

    Notable sales included Todd Michael Glaser's sale of Tarpon Island to Australian investor Michael Dorrell for $150 million, and Reuben Brothers' purchase of the W Hotel South Beach for over $400 million. A new mansion in Hillsboro Beach hit the market asking $45 million, while billionaire Jeff Bezos paid $87 million for his third waterfront estate in the Miami area.