Anca Maria

A 600-ton boat lift leaves West Palm Beach for Alabama, traveling by barge for nine days around the Florida Keys.

Meanwhile, the marina it came from changes hands for $72.4 million.

Integra Investments acquired Rybovich Marina, then secured $322 million in financing from Tyko Capital for the acquisition and future construction.

The waterfront property has a redevelopment vision involving four condominium towers and up to 660 residences, but the full plan remains subject to development decisions and approvals.

For now, Rybovich remains an operating superyacht marina. The question is how its next chapter will take shape.

A $202 million offer became $245 million. Now it’s $295 MILLION.

A developer wants to buy all 140 condos at Portofino South in West Palm Beach and replace the building with a new development.

But there’s a catch: Under Florida’s condo termination rules, just 5% of owners can potentially block the deal. That’s only 7 owners in this building.

Some owners see an opportunity to cash out as maintenance and repair costs rise. Others have no interest in giving up their waterfront homes.

And that’s what makes this story so interesting. The value of the land may be attracting the developer, but the owners still have a say in what happens to it.

Could you turn down an offer like this?

CondoTermination SouthFloridaRealEstate PalmBeachCounty RealEstateNews

A piece of downtown West Palm Beach land for just $10?

The City Commission approved declaring a 10-foot-wide strip near Banyan Boulevard and N. Sapodilla Avenue surplus, clearing the way for a proposed transfer to Related Ross.

The reason? A planned 191-unit affordable housing development.

But there’s a catch: the agreement calls for a $100,000 payment if the developer fails to meet certain construction requirements.

The $10 conveyance still requires a separate agreement to return to the City Commission for approval.