Blackstone sold another South Florida senior living facility to BH Group and Gold Standard of Care at a discount. The joint venture paid $12.2 million for Atrium at Boca Raton, roughly $10 million below the previous sale price eight years ago, according to a source familiar with the deal. Gold Standard of Care’s family office … Read more
A newly constructed house in Boca Raton’s most expensive residential neighborhood topped signed contracts for luxury homes in Palm Beach County. Buyers signed 10 contracts between Nov. 3 and Nov. 9 for luxury properties in Palm Beach County, according to a report from Douglas Elliman’s Eklund-Gomes team. The homes that went pending last week total … Read more
Macquarie Capital | Principal Finance and Vanderbilt Office Properties sold a multifamily development site approved for nearly 300 units in Boca Raton for $21.2 million. NADG, or North American Development Group, bought the 6.8-acre site at 1800 North Military Trail, according to records and real estate database Vizzda. The land shares the same lot as … Read more
A Boca Raton spec mansion topped signed luxury contracts in Palm Beach County last week. Buyers signed 14 contracts between Oct. 20 and Oct. 26 for luxury properties in Palm Beach County, according to a report from Douglas Elliman’s Eklund-Gomes team. The homes that went pending last week total $85.1 million in asking dollar volume … Read more
Facing foreclosure on its development site in Boca Raton, Penn-Florida Companies sold the 1-acre lot previously planned for an assisted living facility for $27 million. Led by Mark Gensheimer, Penn-Florida sold the vacant property at 375 East Royal Palm Road to Boca Raton-based SobelCo, according to records and real estate database Vizzda. SobelCo, a real … Read more
Terra and Frisbie Group presented a scaled back plan for their proposed One Boca megaproject in Boca Raton, slashing the housing and office components in the development. It marks the latest iteration of the developers’ February plan to redevelop Boca Raton’s city government campus at 201 West Palmetto Park Road. The new proposal calls for … Read more