Discover South Florida LIVE

Larry Mastropieri, real estate broker/owner of The Mastropieri Group
  • 5.0 (1)
  • News Commentary
  • Updated Weekly

South Florida real estate broker Larry Mastropieri, owner of The Mastropieri Group, discusses the latest real estate news in the area alongside co-host John Laws of Discover South Florida. Larry provides local expert insight as a knowledgeable real estate broker. John? He's there too. Together, they try to keep it interesting and fun.

  1. 3d ago

    Why Ken Griffin Spent $500M on 27 Acres in Palm Beach

    Ken Griffin has spent more than $500 million buying 10+ Palm Beach mansions, then tearing most of them down, to assemble a 27-acre ocean-to-lake estate. It's now the largest residential parcel on the island, bigger than Mar-a-Lago. We walk through the biggest buys on Blossom Way and South Ocean Boulevard, the 44,000-square-foot compound he's actually building, and why observers think the finished estate could be worth $1 billion.Then we meet the rest of the "landmaxxing" crowd. Larry Ellison quietly bought eight houses in a gated Boynton Beach community for his household staff, and the HOA changed its rules afterward. Plus, Stephen Ross's $100 million gift to bring Pine Crest School to West Palm Beach, and the land-price controversy behind the deal.Following the money: a Chrysler heir turns a $1.9M Everglades Island home into a $28.8M sale. Bugatti announces its first U.S. residential tower, 60 stories on the Miami River in Brickell. And a century-old nursing home on Datura Street makes way for a 25-story tower with 104 workforce units in downtown West Palm.And a history lesson we owe every condo owner: Surfside, five years later. We cover what the forensic engineers found, how it rewrote Florida condo law, and why the viral John McAfee theory doesn't hold up.Bring your questions — we're answering live in the chat. Thinking of buying, selling, or investing in South Florida? Reach out to Larry and the team directly (link below). Like, subscribe, and share!======⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️🤔Thinking of Moving to South Florida? 😎☀️🏖️📱 Call or Text: 561-544-7000📨 Email: larry@discoversouthflorida.com📅 Zoom: https://www.discoversouthflorida.com/...⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️======😎 Our Website: https://www.discoversouthflorida.com/======🔎 Our Google Business Profile: https://goo.gl/maps/1QeWj4RRvvWkbmW79======▶Subscribe 👉 http://bit.ly/3Ti3BtB======To learn anything & everything in regards to eating, sleeping, working, playing, the good, and the bad of living in South Florida, then subscribe ▶ and tap the bell🛎 for notifications so you can be the first to know about the current South Florida Market.😎We get calls and emails every day from home buyers/investors looking for help on making their move to South Florida and we absolutely love it. 😍 Whether you are moving in 9 days or 90 days, give us a call☎, send us a text📝, or email us📨 so we can help you make a smooth move to South Florida. 🕶️🌊======🏠 MUST WATCH South Florida Videos:https://youtu.be/cfvFdrr7Tfkhttps://youtu.be/eyoDym4TvuMhttps://youtu.be/FqlqrSlPJQghttps://youtu.be/93Twr3KA2_U======Reach out on our social media channels:https://www.instagram.com/discover.south.florida/https://www.facebook.com/share/17bGB2NipQ/https://x.com/DiscoverSoFlohttp://linkedin.com/company/discover-south-floridahttps://www.tiktok.com/@discover.southflorida======00:00 Introduction00:44 Ken Griffin Assembles 27-Acre Estate10:53 Larry Ellison Buys Homes for His Staff19:09 Stephen Ross Giving $100M to Pine Crest28:57 Chrysler Heir Sells Palm Beach Mansion33:53 Surfside Collapse: Tragedy and the Conspiracies51:10 Bugatti Residences Coming to Brickell1:00:13 Nursing Home Making Way for 25-Story Tower======#MovingToSouthFlorida #discoversouthflorida #SouthFloridaRealEstate #floridahousingmarket

  2. Oct 1

    $30M Dirt, a Dead Macy's & a $5M Penalty

    An empty lot in Manalapan just sold for $30 million. No mansion, no pool. It's a nearly two-acre, lake-to-ocean homesite at 1820 South Ocean Boulevard with a 1969 cabana and an old boat dock on it. The seller paid $7 million in 2015, the county appraised it at $19.1 million this year, and the buyer is still hidden behind an LLC. We'll dig into why this tiny island town south of Palm Beach has become the "billionaire's bunker," from Larry Ellison's $173 million compound to Sean Hannity next door, and why in Manalapan the dirt itself is the trophy.Then it's the teardown-and-rebuild files. A longtime Boca developer wants to knock down his own headquarters near Mizner Park for a nine-story building with 84 luxury apartments. And the 60-year-old Lighthouse Point Yacht Club clubhouse is finally rubble, clearing the way for a new clubhouse and 21 luxury townhomes, with only three left unsold.Over in West Palm, the waterfront and the skyline are both making news. A city committee picked Miami's Breakwater Hospitality for a nearly 700-seat restaurant at Currie Park. Meanwhile, Charles Cohen's West Palm Point office tower is running about 18 months late, and the mayor isn't hiding his frustration.Plus: dead space turning into homes. The former Macy's at Pompano Citi Centre is now 352 apartments with move-ins underway, and a Delray Beach office park could add 358 new homes without losing a single office building.Bring your questions, because we're answering live in the chat. Thinking of buying, selling, or investing in South Florida? Reach out to Larry and the team directly (link below). Like, subscribe, and share! 🏝️======⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️🤔Thinking of Moving to South Florida? 😎☀️🏖️📱 Call or Text: 561-544-7000📨 Email: larry@discoversouthflorida.com📅 Zoom: https://www.discoversouthflorida.com/...⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️======😎 Our Website: https://www.discoversouthflorida.com/======🔎 Our Google Business Profile: https://goo.gl/maps/1QeWj4RRvvWkbmW79======▶Subscribe 👉 http://bit.ly/3Ti3BtB======To learn anything & everything in regards to eating, sleeping, working, playing, the good, and the bad of living in South Florida, then subscribe ▶ and tap the bell🛎 for notifications so you can be the first to know about the current South Florida Market.😎We get calls and emails every day from home buyers/investors looking for help on making their move to South Florida and we absolutely love it. 😍 Whether you are moving in 9 days or 90 days, give us a call☎, send us a text📝, or email us📨 so we can help you make a smooth move to South Florida. 🕶️🌊======🏠 MUST WATCH South Florida Videos:https://youtu.be/cfvFdrr7Tfkhttps://youtu.be/eyoDym4TvuMhttps://youtu.be/FqlqrSlPJQghttps://youtu.be/93Twr3KA2_U======Reach out on our social media channels:https://www.instagram.com/discover.south.florida/https://www.facebook.com/share/17bGB2NipQ/https://x.com/DiscoverSoFlohttp://linkedin.com/company/discover-south-floridahttps://www.tiktok.com/@discover.southflorida======00:00 Introduction00:37 Procacci HQ redevelopment in Boca Raton11:40 Currie Park waterfront restaurant19:47 West Palm Point delay25:57 Lighthouse Point Yacht Club demolition35:18 Manalapan $30M lot sold42:40 Easton Atlantic in Delray Beach49:08 Caroline Pompano Beach======#MovingToSouthFlorida #discoversouthflorida #SouthFloridaRealEstate #floridahousingmarket

  3. Sep 24

    A New Mr C., Greene's $150M Hotel Sale & 1,000 New Homes

    Billionaire Jeff Greene just sold the Tideline Palm Beach Ocean Resort for $150 million, after buying it for $41 million in 2011. The buyer is Fort Partners, the firm behind every Four Seasons in South Florida, and it already owns the Four Seasons Palm Beach right next door. Is this the start of something bigger on that stretch of oceanfront? We break down the numbers, why Greene says he sold, and where his attention is going next.Then it's the luxury brands moving in: the Cipriani family's Mr. C Residences is bringing hotel-style living to downtown Boca Raton, with 133 residences and Boca's first new branded tower in over a decade.Next up, the housing pipeline. The old Palm Beach Kennel Club is being assembled into Westgate Village, a 1,145-unit community. GL Homes is lining Lyons Road in West Boca with nearly 1,000 homes while schools push back. And national builder Dream Finders Homes makes its Palm Beach County debut with new townhomes from the $400Ks in Riviera Beach.Plus, downtowns and the train: Doc's All American is coming back amid 15+ projects in downtown Delray, and Aventana tops off next to Brightline Aventura, even as the railroad carries $4.9B in debt.Bring your questions — we're answering live in the chat. Thinking of buying, selling, or investing in South Florida? Reach out to Larry and the team directly (link below). Like, subscribe, and share!======⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️🤔Thinking of Moving to South Florida? 😎☀️🏖️📱 Call or Text: 561-544-7000📨 Email: larry@discoversouthflorida.com📅 Zoom: https://www.discoversouthflorida.com/...⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️======😎 Our Website: https://www.discoversouthflorida.com/======🔎 Our Google Business Profile: https://goo.gl/maps/1QeWj4RRvvWkbmW79======▶Subscribe 👉 http://bit.ly/3Ti3BtB======To learn anything & everything in regards to eating, sleeping, working, playing, the good, and the bad of living in South Florida, then subscribe ▶ and tap the bell🛎 for notifications so you can be the first to know about the current South Florida Market.😎We get calls and emails every day from home buyers/investors looking for help on making their move to South Florida and we absolutely love it. 😍 Whether you are moving in 9 days or 90 days, give us a call☎, send us a text📝, or email us📨 so we can help you make a smooth move to South Florida. 🕶️🌊======🏠 MUST WATCH South Florida Videos:https://youtu.be/cfvFdrr7Tfkhttps://youtu.be/eyoDym4TvuMhttps://youtu.be/FqlqrSlPJQghttps://youtu.be/93Twr3KA2_U======Reach out on our social media channels:https://www.instagram.com/discover.south.florida/https://www.facebook.com/share/17bGB2NipQ/https://x.com/DiscoverSoFlohttp://linkedin.com/company/discover-south-floridahttps://www.tiktok.com/@discover.southflorida====== 00:00 Introduction 00:34 Mr. C Residences in Boca Raton 16:24 Jeff Greene sells Tideline in Palm Beach 23:46 Westgate Village at the former PBKC 29:05 GL Homes doubles down on West Boca 38:15 New Townhomes Coming to Riviera Beach 43:50 Doc's All American Is Coming Back 50:49 Aventana Tops off Near Brightline

  4. Sep 17

    Griffin's HQ Scare, a $195M Palm Beach Listing & a $295M Condo War

    An 85-foot drill rig toppled at the site of Ken Griffin's planned $1 billion Citadel headquarters in Brickell. It crushed three vehicles and a worker container and set a passing SUV on fire. Four people were hurt, and all of them survived with minor injuries. We walk through what happened at 1201 Brickell Bay Drive and what's planned there: a 54-story, 1.7-million-square-foot tower on the bayfront lot Griffin bought for $363 million. We also cover why this is at least the third major construction-equipment collapse in the Miami area this year. OSHA and Miami-Dade are investigating, and we'll lay out what to watch next.Then we follow the money. A Billionaires' Row mansion in Palm Beach just listed for $195 million, $25 million above the island's standing record, on land that sold for $5.7 million in 1996. In Fort Lauderdale, the Hotel Maren sold for $47.1 million after a saga that included EB-5 investors, a bankruptcy and a stalking-horse rescue. And in Delray Beach, Sundy Village landed a $223 million refinancing at 97% leased, proof that the right office product still fills up.Plus, the condo drama files: BEKO Equities' $295 million buyout offer at Portofino South in West Palm Beach has the building at war with itself, with 95% approval needed by November 3. We also cover the suburbs' next chapter: the owners of The Plaza Hotel putting their name on a $1 billion rental district in Davie, and a 736-apartment plan for a half-empty Deerfield Beach shopping center.Thinking of buying, selling or investing in South Florida? Reach out to Larry and the team directly (link below). Like, subscribe and share! 🏙️======⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️🤔Thinking of Moving to South Florida? 😎☀️🏖️📱 Call or Text: 561-544-7000📨 Email: larry@discoversouthflorida.com📅 Zoom: https://www.discoversouthflorida.com/...⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️======😎 Our Website: https://www.discoversouthflorida.com/======🔎 Our Google Business Profile: https://goo.gl/maps/1QeWj4RRvvWkbmW79======▶Subscribe 👉 http://bit.ly/3Ti3BtB======To learn anything & everything in regards to eating, sleeping, working, playing, the good, and the bad of living in South Florida, then subscribe ▶ and tap the bell🛎 for notifications so you can be the first to know about the current South Florida Market.😎We get calls and emails every day from home buyers/investors looking for help on making their move to South Florida and we absolutely love it. 😍 Whether you are moving in 9 days or 90 days, give us a call☎, send us a text📝, or email us📨 so we can help you make a smooth move to South Florida. 🕶️🌊======🏠 MUST WATCH South Florida Videos:https://youtu.be/cfvFdrr7Tfkhttps://youtu.be/eyoDym4TvuMhttps://youtu.be/FqlqrSlPJQghttps://youtu.be/93Twr3KA2_U======Reach out on our social media channels:https://www.instagram.com/discover.south.florida/https://www.facebook.com/share/17bGB2NipQ/https://x.com/DiscoverSoFlohttp://linkedin.com/company/discover-south-floridahttps://www.tiktok.com/@discover.southflorida====== 00:00 Introduction 00:30 Rig collapse at the Citadel HQ site 09:06 $195M Billionaires' Row listing 19:47 Portofino South $295M buyout 33:38 Hotel Maren flips for $47.1M 40:08 The Plaza Davie District 46:56 Sundy Village $223M refi 01:02:24 Rivertowne Square, 736 units ======#MovingToSouthFlorida #discoversouthflorida #SouthFloridaRealEstate #floridahousingmarket

  5. Sep 11

    Why Ken Griffin Wants All of Wynwood

    Miami's worst-kept secret is a billion-dollar deal. Brokers across Wynwood describe developer Moishe Mana's sale of the 30-acre Mana Wynwood complex to Citadel billionaire Ken Griffin as effectively done — at a rumored $700 million to over $1 billion, which would be a record for a South Florida development-site sale. Both men deny it. But Griffin reportedly wants an AI and technology campus on the site, Mana Wynwood has reportedly stopped booking major events more than a year out, and Griffin's confirmed buying spree — $180M+ for 545Wyn, a $363M Brickell lot for his $2.5B Citadel headquarters — tells its own story. We'll walk through why the rumor alone is already repricing land around the campus.Then, the tax story every investor needs to hear: $29 billion in deferred Opportunity Zone taxes comes due December 31, and the bill is owed on the original gain whether the project is performing or not. South Florida has 120+ zones — we'll map who's exposed and what OZ 2.0 opens up in January 2027.After that, the money moving through the region: Cain International and Kushner Companies' 440-unit twin towers near downtown Fort Lauderdale, Related Ross closing on 32 acres in Wellington for Village Landing — its first project outside West Palm Beach — and Estate Companies paying $13M for a 310-unit rental tower steps from the Brightline.Plus the price-gap file: a $27.5 million Lost Tree Village estate sold to be demolished, and Hallandale Beach's Nine Hundred tower dropping its hotel to add 220 apartments — in a city where a 1960s co-op trades at $85K and new construction starts at $580K.Thinking of buying or selling in South Florida? Reach out to Larry and the team — link below. Like, subscribe, and share.======⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️🤔Thinking of Moving to South Florida? 😎☀️🏖️📱 Call or Text: 561-544-7000📨 Email: larry@discoversouthflorida.com📅 Zoom: https://www.discoversouthflorida.com/...⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️======😎 Our Website: https://www.discoversouthflorida.com/======🔎 Our Google Business Profile: https://goo.gl/maps/1QeWj4RRvvWkbmW79======▶Subscribe 👉 http://bit.ly/3Ti3BtB======To learn anything & everything in regards to eating, sleeping, working, playing, the good, and the bad of living in South Florida, then subscribe ▶ and tap the bell🛎 for notifications so you can be the first to know about the current South Florida Market.😎We get calls and emails every day from home buyers/investors looking for help on making their move to South Florida and we absolutely love it. 😍 Whether you are moving in 9 days or 90 days, give us a call☎, send us a text📝, or email us📨 so we can help you make a smooth move to South Florida. 🕶️🌊======🏠 MUST WATCH South Florida Videos:https://youtu.be/cfvFdrr7Tfkhttps://youtu.be/eyoDym4TvuMhttps://youtu.be/FqlqrSlPJQghttps://youtu.be/93Twr3KA2_U======00:00 Introduction00:17 Ken Griffin's Rumored $1B Wynwood Buy15:06 The $29B Opportunity Zone Tax Bill Comes Due30:02 $27.5M Lost Tree Estate — Sold to Be Demolished37:39 Kushner's 440-Unit Fort Lauderdale Towers48:33 Related Ross Goes Suburban: Wellington55:35 310 Apartments by the Brightline in West Palm1:02:20 Hallandale's Nine Hundred: Hotel Out, 540 Units In======Reach out on our social media channels:https://www.instagram.com/discover.south.florida/https://www.facebook.com/share/17bGB2NipQ/https://x.com/DiscoverSoFlohttp://linkedin.com/company/discover-south-floridahttps://www.tiktok.com/@discover.southflorida======#MovingToSouthFlorida #discoversouthflorida #SouthFloridaRealEstate #floridahousingmarket

  6. Sep 10

    Why the Playboy Mansion Owner Is Selling Miami

    The owner of the Playboy Mansion is cashing out of Miami Beach. Daren Metropoulos — who bought Hugh Hefner's Holmby Hills estate for $100 million in 2016 — has his oceanfront home at 7815 Atlantic Way in North Beach under contract for nearly $25 million, up from the $18 million he paid in 2021. It's the second-priciest deal in a week where 12 Miami-Dade properties asking $4M+ went under contract, and it points at the real story: the "Miami market" is now two markets moving in opposite directions. The ultra-luxury tier keeps setting records on cash and wealth migration while the mid-market slows under higher rates.Then the drama files. Wells Fargo has filed a $1.28 billion foreclosure lawsuit against affiliates of Boca Raton-based Workspace Property Trust — the biggest we've ever covered on this show — targeting eight South Florida office buildings in Boca Raton, Sunrise and Miramar plus 32 more in Tampa. Suburban office is being handed back to lenders at the exact moment downtown towers are breaking records.We're also tracking the money moving through the region: Related Ross files for a 25-story, 194-residence tower at 464 Fern Street on a West Palm lot that beat every developer before them (they paid $55 million for the dirt alone). Affiliated Development seeks an $8.8M tax break for The Cypress — its third Broward project funded by a third different public program. And Deerfield Beach may finally get a downtown: three 14-story buildings on land voters approved selling back in 2023, with a P&Z hearing on September 3.Plus: Lake Park's taxable value jumped 38.7% and Westlake's 23.7% — the two biggest gains in Palm Beach County — and West Palm's CRA moves to rebuild six 1924 shotgun homes destroyed by fire, as affordable housing in the Northwest Historic District.Thinking of buying or selling in South Florida? Reach out to Larry and the team — link below. Like, subscribe, and share.======⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️🤔Thinking of Moving to South Florida? 😎☀️🏖️📱 Call or Text: 561-544-7000📨 Email: larry@discoversouthflorida.com📅 Zoom: https://www.discoversouthflorida.com/...⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️======😎 Our Website: https://www.discoversouthflorida.com/ ====== 🔎 Our Google Business Profile: https://goo.gl/maps/1QeWj4RRvvWkbmW79 ====== ▶Subscribe 👉 http://bit.ly/3Ti3BtB ====== To learn anything & everything in regards to eating, sleeping, working, playing, the good, and the bad of living in South Florida, then subscribe ▶ and tap the bell🛎 for notifications so you can be the first to know about the current South Florida Market.😎We get calls and emails every day from home buyers/investors looking for help on making their move to South Florida and we absolutely love it. 😍 Whether you are moving in 9 days or 90 days, give us a call☎, send us a text📝, or email us📨 so we can help you make a smooth move to South Florida. 🕶️🌊 ====== 🏠 MUST WATCH South Florida Videos: https://youtu.be/cfvFdrr7Tfk https://youtu.be/eyoDym4TvuM https://youtu.be/FqlqrSlPJQghttps://youtu.be/93Twr3KA2_U====== Reach out on our social media channels: https://www.instagram.com/discover.south.florida/ https://www.facebook.com/share/17bGB2NipQ/ https://x.com/DiscoverSoFlohttp://linkedin.com/company/discover-south-florida https://www.tiktok.com/@discover.southflorida ====== #MovingToSouthFlorida #discoversouthflorida #SouthFloridaRealEstate #floridahousingmarket ======00:00 Introduction00:35 Playboy Mansion Owner Cashes Out of Miami12:06 $1.28B Foreclosure Hits SoFla Offices23:08 The Cypress: $8.8M Tax Break Ask34:10 Related Ross Files 25 Stories on Fern St43:36 Deerfield Beach Is Getting a Downtown50:52 Lake Park & Westlake Lead PBC Growth01:02:56 Rebuilding West Palm's 1924 Shotgun Homes

  7. Aug 27

    Why Al Capone's Empty Lot Sold for $21M

    Join real estate broker Larry Mastropieri, owner of The Mastropieri Group, and John Laws of Discover South Florida for a full breakdown of the deals, fights and financing reshaping the South Florida market right now.The headliner: the vacant Palm Island lot where Al Capone spent his final years just sold for $21 million — and there's no house on it. The villa was demolished in 2023, so the buyer, Russian mogul Ilya Karpov, paid purely for 0.7 acres of waterfront and one of the most infamous addresses in America. A few hundred yards away on Hibiscus Island, a brand-new mansion with its own nightclub closed at $51.5 million — $4,905 per square foot — an all-time record for both islands, set by a house smaller than the sales just below it. We break down what that per-foot number really tells you about guard-gated island dirt. 🏝️Then, the money moving through the region: Kolter just spent another $25.6 million on 222 homesites at Avenir, pushing its total there past $117 million across roughly 1,000 lots. Banyan Tree Residences cleared a unanimous downtown vote in West Palm Beach — 25 stories, 88 units, designed by OMA, and the brand's first residences in the United States. And in Hallandale Beach, the $370M Oasis project landed a $50 million mezzanine loan on top of a $112M construction mortgage — we'll explain exactly what a mezz loan is and what it signals to a buyer.Plus the fights: Brightline is carrying $4.9 billion in debt with its own auditor flagging "substantial doubt," even as real estate leaders line up to call it a crown jewel the region can't lose. And Palm Beach County votes this week on a one-year data center moratorium after residents packed a hearing and killed Project Tango. We close with The Club at Ibis breaking ground on a $63 million campus overhaul — the country club arms race, continued. ⛳Thinking of buying, selling, or investing in South Florida? Reach out to Larry and the team! 00:00 Introduction 00:32 Al Capone's Old Lot Sells for $21M 11:18 Brightline Buried in $4.9B of Debt 17:06 Palm Beach Co. Moves to Block Data Centers 25:04 Banyan Tree Tower Wins Unanimous Vote 29:56 Kolter Drops $25.6M on More Avenir Homesites 43:20 Oasis Hallandale Lands $50M Mezz Loan 53:09 The Club at Ibis Breaks Ground

  8. Aug 20

    Billionaires, Condo Loans & a 765-Unit Tower

    Join real estate broker Larry Mastropieri, owner of The Mastropieri Group, and John Laws of Discover South Florida for a breakdown of the deals, rule changes, and neighborhood fights reshaping the South Florida market.This episode's headliner: Ken Griffin just sold his Worth Avenue building to Blackstone for $86 million — only $3 million more than he paid in 2023. On paper that's a break-even trade. In context, it's a billionaire quietly rotating out of Palm Beach and into Miami, where Citadel has broken ground on a 54-story, $2.5 billion Brickell headquarters. We'll unpack the 125 Worth Avenue deal at roughly $1,720 per square foot, why Blackstone is buying trophy retail streets worldwide, and what sub-1% vacancy and $92-per-square-foot rents say about Worth Avenue right now.Then the story that hits every condo owner watching: Fannie Mae and Freddie Mac killed their fast-track condo reviews as of August 3. Nearly every conventional condo loan now triggers a full review of the association's budget, reserves, and insurance — and if the building fails, every owner in it can be cut off from normal financing. Larry walks through exactly what to request before you buy.Next, the money moving through the region: a 765-unit, three-tower "Terrasse" proposed in Fort Lauderdale using the Live Local Act to skip rezoning entirely, the 166-acre Emerald Hills golf course rezoning approved in Hollywood for 284 homes, and Mr. C West Palm crossing 85% sold with the Cipriani brand's first Palm Beach County tower.Plus the drama files: Deerfield Beach sends its 20-year beachfront rules to a November 3 referendum, and the Heron Bay HOA backs down on sweeping landlord rules after a chaotic meeting in Coral Springs.======00:00 Introduction00:34 Ken Griffin sells Worth Ave to Blackstone10:24 Fannie/Freddie end streamlined condo reviews18:42 Deerfield Beach beachfront referendum29:10 Terrasse — 765-unit Fort Lauderdale project37:28 Emerald Hills golf course rezoning45:27 Mr. C West Palm Beach — 85% sold52:58 Heron Bay HOA chaos======

See All (32)

About

South Florida real estate broker Larry Mastropieri, owner of The Mastropieri Group, discusses the latest real estate news in the area alongside co-host John Laws of Discover South Florida. Larry provides local expert insight as a knowledgeable real estate broker. John? He's there too. Together, they try to keep it interesting and fun.

Information

  • Creator
    Larry Mastropieri, real estate broker/owner of The Mastropieri Group
  • Years Active
    2026
  • Episodes
    32
  • Rating
    Clean
  • Copyright
    © Larry Mastropieri, real estate broker/owner of The Mastropieri Group
  • Show Website
    Discover South Florida LIVE