The first week of June 2026 has shown a notable lack of real estate transactions across Boca Raton, Delray Beach, and Boynton Beach, indicating a quiet period in these local housing markets. Meanwhile, developers in Palm Beach County are navigating significant challenges and shifts in development strategies.
Key Takeaways
- No real estate transactions were recorded in Boca Raton, Delray Beach, and Boynton Beach during the first week of June 2026.
- The Frisbie Group experienced setbacks, selling a Palm Beach property after development plans were withdrawn.
- A major proposed development in Boca Raton, "One Boca," was overwhelmingly rejected by voters.
- New regulations in Boca Raton now require voter approval for the sale of public land exceeding half an acre.
- The Frisbie Group is launching a new $1 billion real estate investment fund focused on South Florida.
Developer Challenges in Palm Beach County
The Frisbie Group, a prominent real estate family in Palm Beach County, has faced recent hurdles. After acquiring a key property in Palm Beach for $26 million in 2021, the firm and its partners sold it to CS Ventures for an undisclosed sum. This sale followed the withdrawal of proposed luxury residences and renovations from a development review meeting.
Boca Raton’s "One Boca" Project Defeated
In a significant blow to large-scale development, Boca Raton voters overwhelmingly rejected the "One Boca" project. This ambitious 1.1 million-square-foot proposal included residential units, a hotel, office space, a grocery store, and a government campus. The community backlash against the city’s land sale to Frisbie was so strong that it led to political changes, including the election of "Save Boca" founder Jon Pearlman to the city council. Consequently, a "Save Boca" ordinance was approved, mandating voter approval for the sale of public land exceeding half an acre.
Frisbie Group’s Strategic Pivot
Despite these setbacks, the Frisbie Group is actively pursuing new ventures. Easton Street Capital, co-founded by Rob Frisbie Jr., has partnered with 1789 Capital to launch a $1 billion real estate investment fund. This fund will target opportunities in South Florida, including Palm Beach and Boca Raton, where the Frisbie Group maintains a substantial presence. This move signals a strategic shift towards larger investment vehicles amidst evolving market conditions and generational leadership transition within the Frisbie family.
Sources
- Real Estate Transactions in Boca Raton, FL, from May 31 to June 6, 2026, The Boca Raton Tribune.
- Real Estate Transactions in Delray Beach, FL, from May 31 to June 6, 2026, The Boca Raton Tribune.
- Real Estate Transactions in Boynton Beach, FL, from May 31 to June 6, 2026, The Boca Raton Tribune.
- Frisbie Group Navigates Changing Course in Palm Beach County, The Real Deal.