South Florida’s top deals: Spec developer offloads Coral Gables mansion for $36M

🏆 Commercial: Palm Beach Gardens logged the most expensive commercial deal to hit records in South Florida. A 16-key hotel and adjacent vacant lot spanning 4 acres at 4350 PGA Boulevard sold for $40 million. The seller was an LLC tied to Dallas-based Ashford Hospitality. The buyer was Joe Lubeck. The deal breaks down to $212,500 per key. 🏆 Residential: A waterfront mansion at 9360 Gallardo Street in Coral Gables sold for $36 million, representing the priciest residential sale recorded in the tri-county region. The sellers were spec developer Irving Padron and architect Cesar Molina, and the buyer was a […]This article originally appeared on The Real Deal. Click here to read the full story.