Inside Steve Ross’ buyout of a West Palm Beach waterfront condo
Before Steve Ross set his sights on a 1980s waterfront condo in West Palm Beach, Joey Columbo was picking up units in the building with the foresight that a developer would soon come knocking on doors with a buyout offer. Columbo, a Palm Beach-based investor and broker, identified Southbridge Condominium, a three-story complex at 3915 South Flagler Drive, as a future teardown redevelopment site along West Palm Beach’s coast. Between 2021 and 2023, he acquired eight units for a combined $1.6 million, records show. During the same period, he joined four other partners to buy 19 more units for a […]This article originally appeared on The Real Deal. Click here to read the full story.
Recent Posts
Blue Jays’ Mad Max sells under-construction Admirals Cove estate for $23M
Butters targets tech, pharma with plans for low-rise light-industrial in Boca Raton
Opterra’s Holiday Inn hotel-to-resi conversion moves ahead in Boca Raton
Inventory drops for first time since 2023 as sales rebound across coastal Miami, beaches
Brian Tuttle loses Main Street dev site in $60M bankruptcy sale
Wave Group, partners launch short-term-rental friendly Wynwood condos
Ultra-luxury brings heat as Palm Beach home sales surge
Why Earnest Money Matters to Sellers
RE Q&A: Who Pays for Noncompliant Fence?
Fla.’s March, 1Q Housing: Closed, Pending Sales Up
