South Florida Business Journal Joe Lubeck, chief executive of American Landmark Apartments, has bought the Embassy Suites by Hilton Palm Beach Gardens PGA Boulevard hotel in Palm Beach Gardens, Fla., for $40 million, or $250,000/room. Lubeck purchased the 160-room property from ...
As part of its purchase, Dermot assumed the property's debt, a $59.4 million Fannie Mae mortgage that was increased to $110 million by an affiliate of Affinius Capital. The original loan paid a floating rate pegged to SOFR plus 234 ...
South Florida Business Journal Dermot Co. has bought the 340-unit Quaye Apartments in Palm Beach Gardens, Fla., for $131.8 million, or $387,647/unit. The New York company purchased the property from an affiliate of PGIM Real Estate of Newark, N.J., which had ...
South Florida Business Journal Artemis Real Estate Partners has bought the 220-unit Everleigh Palm Beach Gardens active-adult apartment complex in Palm Beach Gardens, Fla., for $69.4 million, or $315,455/unit. The Chevy Chase, Md., company purchased the property from a venture ...
The property serves as collateral for a $102.52 million fixed-rate loan that matures in five years, according to data compiled by Trepp Inc. The loan is part of a $550 million debt package that's securitized through CSTL Commercial Mortgage Trust 2025-GATE2. ...
South Florida Business Journal An affiliate of West Shore has bought Turnbury at Palm Beach Gardens, a 542-unit apartment complex in Palm Beach Gardens, Fla., for $117.9 million, or $217,528/unit. The Boston company purchased the two-story property from Advenir of ...
Commercial Real Estate Direct Staff Report Citibank has provided $600 million of financing against eight apartment properties with 3,241 units in the Southeast and Midwest regions of the country owned by investment manager West Shore. The five-year financing, arranged by ...
South Florida Business Journal Konover South has lined up $26.7 million of construction financing for the Coconut Crossing retail center in Palm Beach Gardens, Fla. The Deerfield Beach, Fla., developer borrowed the loan from City National Bank of Florida. It's ...
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