Capital, office relocations and development across Boca Raton and West Palm Beach.
Claims policy. Talks and rumored deals are labeled unconfirmed until a closing is reported or recorded.
Newest first. Amounts show what the source states: price, loan or the stated value of a project.
The West Palm Beach CRA board, as landlord, considered a resolution on Sept. 28 extending West Palm Point LLC’s completion deadline to 2029. The extension takes effect only when the project’s construction loan closes.
Downtown / Quadrille Blvd · Source: Hoodline
Newmark arranged Ares financing for Related Ross's purchase of the 1.7M SF, 124-acre BRiC; the price is undisclosed. Floridian Development reports nearly $300M of financing and CP Group as seller.
BRiC / north Boca (former IBM campus) · Source: Newmark via PR Newswire
The investment bank announced a new West Palm Beach office, calling the city a major nexus for finance. The press release does not give the building or square footage.
Downtown · Source: Houlihan Lokey via Business Wire (Nasdaq)
Thor Equities bought 5355 Town Center Road, 153,213 SF of office about 90% leased plus a garage, from CP Group. The Real Deal also reported the price as $63M.
Town Center / Glades Rd · Source: CRE-sources · Verified: Palm Beach County Property Appraiser · PCN 06424723400000010 · OR 36807/00670
Mast Capital's 22-story, 88-unit condo at 400 Hibiscus St received final DAC approval; the developer bought the site in 2025 for $5.2M.
Downtown / South Dixie · Source: Stet News · Verified: City of West Palm Beach Development Services
San Diego-based Fairfield bought the Portofino Place Apartments at 4400/4600 Portofino Way from Cortland; other outlets describe the price as a discount to prior valuation.
Suburban WPB (Portofino Way) · Source: REBusinessOnline · Verified: Palm Beach County Property Appraiser · PCN 74424312250040010 · OR 36752/01765
Related Ross filed plans for a 194-unit, 25-story residential tower at 464 Fern St on a 2.64-acre site it bought for $55M in May 2026; the plan is still in municipal review.
Downtown · Source: Discover South Florida (citing Florida YIMBY)
Interface bought the seven-building, 189,542 SF Fountains Center at 7000-7700 W. Camino Real with a $31.75M City National Bank acquisition loan; the purchase price was not stated.
West Camino Real · Source: Florida YIMBY · Verified: Palm Beach County Property Appraiser · PCN 00424728030010070 · OR 36566/00837
The March 10 ballot measure to lease downtown city land failed, and the city says the project will not move forward as proposed. A secondary source reports 74.5% voted no.
Downtown / Government campus (near Brightline) · Source: City of Boca Raton
The Boca Raton CRA approved on Feb. 9 the assignment of the Mizner Park ground leases from Brookfield to CP Group-led entities. It is a leasehold transfer; no closing or price has been reported.
Mizner Park / downtown · Source: AOL (syndicated)
The council approved the downtown government-campus redevelopment agreement 4-1 in January. Voters rejected the project at the March 10 referendum, so it will not proceed as proposed.
Downtown / Government campus (near Brightline) · Source: The Coastal Star · Verified: City of Boca Raton (myboca.us)
Wells Fargo's wealth and investment management unit leased 50,000 SF at Related Ross's One Flagler, bringing the tower to 100% occupancy; about 100 employees are to relocate by year-end 2026.
Flagler Drive / waterfront · Source: Bisnow
Ares, Monarch and HPS lent $772M, called the largest construction loan recorded in Florida, for two office towers totaling 960,000 SF. ServiceNow and Cleveland Clinic are anchor tenants, with delivery expected in 2027.
Downtown / CityPlace-Okeechobee · Source: Bisnow · Verified: Related Ross (borrower)
CP Group, with DRA Advisors, reported new leases and renewals including Modernizing Medicine (127,821 SF renewal) and Allstar Recruiting (42,697 SF new).
BRiC / north Boca (former IBM campus) · Source: CP Group via Business Wire