City: West Palm Beach

The hotel company has liquidated its second investment fund by selling eight hotels for $267 million to a fund managed by Pyramid Advisors. Pyramid financed the purchase with $250 million of debt from Wells Fargo and Morgan Stanley.

June 24, 2005Apollo Real Estate Advisors, a New York opportunistic investor, has sold a portfolio of four class-A office buildings in West Palm Beach, Fla., for $92.5 million.JP Morgan Asset Management Co. purchased the 442,077-square-foot portfolio, which was unencumbered with ...

June 8, 2005 Windrose Medical Properties Trust (NYSE:WRS) acquired three medical office buildings totaling 230,000 square feet for nearly $53.5 million.The Indianapolis-based REIT acquired Palm Court Plaza and Professional Center, a 137,760-sf office complex in Delray Beach, Fla. The complex ...

June 3, 2005 Ram Development Co. has sold Pineapple Grove Village, a 160-unit apartment complex in Delray Beach, Fla., to Bainbridge Communities for $52 million, or $326,445/unit.The high-end property was constructed last year and includes direct-access garages and covered parking, ...

June 2, 2005 South Florida Sun-SentinelThe 219-room, 15-story Crowne Plaza West Palm Beach has been closed since Hurricane Francis hit Palm Beach County, Fla., last September. The hurricane left the property with extreme water damage, broken windows and without electrical ...

June 2, 2005 Apartment Realty Advisors advised Lincoln Property Co. in its recent sale of Lincoln Meadows in Boynton Beach, Fla.As reported, the 410-unit property was sold to Ashkenazy & Agus Ventures for $38 million, or $92,683/unit. And Anglo Irish ...

June 1, 2005 Corus Bank, a Chicago lender, has provided a $28.4 million construction loan to PB Shores Ocean Avenue LLC for Dolcevita at Singer Island, a 35-unit luxury condominium project in Palm Beach Shores, Fla. PB Shores, a builder ...

May 23, 2005 Anglo Irish Bank Corp. has provided $42 million of short-term financing to Ashkenazy & Agus Ventures for its purchase of and condominium conversion of Lincoln Meadows, an apartment property in Boynton Beach, Fla.The financing was comprised of ...

May 9, 2005 South Florida Business JournalHundreds of new condos, 44,000 square feet of shops and 220,000 sf of mid-rise offices are set to rise on parking lots at Roger Dean Stadium in Jupiter, Fla. The $143 million mixed-use development ...

May 9, 2005 Mountain Funding LLC has provided $23.25 million of bridge financing for St. Andrews at the Polo Club, a 200-unit condominium complex in Wellington, Fla.The upscale property was purchased last year by Wellington Development for $36 million. The ...