Abacus Capital Group paid $32.5 million for a multifamily development site within Catalfumo Companies’ mixed-use PGA Station project in Palm Beach Gardens. 

New York-based Abacus Capital bought the site at 3701 Catalfumo Way South, which is approved for a pair of 13-story buildings with a total of 620 units, according to records and real estate database Vizzda. 

Palm Beach Gardens-based Catalfumo Companies, the master developer of the 37.6-acre PGA Station, sold the development site to Abacus. 

The 4.7-acre property now consists of two three-story office buildings completed in 2007 and 2009, according to records. Abacus Capital has recorded a notice of commencement of demolition. 

Catalfumo, led by Daniel Catalfumo, scored approval in…

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Related Ross announced several new office leases for its West Palm Beach buildings, including three for its newest property, the 25-story One Flagler office tower facing the Intracoastal Waterway.

The leases, spanning the finance, technology and professional service fields, reflect the "strong demand" for new, highly-amenitized office space, according to Jordan Rathlev, senior vice president of Related Ross, based in West Palm Beach.

The transactions also further reinforce the county's transformation into "Wall Street South," a hub of financial and corporate offices that began forming 15 years ago but that has grown dramatically during and after the COVID pandemic.

Related Ross is led by Stephen Ross, owner of the NFL's Miami Dolphins and a…

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