Price revealed: Russell Galbut and partners paid $73M for Galleria Fort Lauderdale
Russell Galbut’s GFO Investments, InSite Group, Atlas Hill Real Estate and Prime Finance paid $73 million for Galleria Fort Lauderdale, representing a significant discount off the price the seller was aiming for. The four firms acquired the 800,000-square-foot indoor mall at 2414 East Sunrise Boulevard in Fort Lauderdale with plans to eventually redevelop the property. The joint venture paid roughly $91 a square foot for Galleria Fort Lauderdale. Fort Lauderdale-based InSite is led by Ben Shmuel and Ronald Tercer. Atlas Hill is led by Sandeep Mathrani and Prime Finance is led by John Atwater. The seller, Keystone-Florida Holding Corporation, led […]This article originally appeared on The Real Deal. Click here to read the full story.
Recent Posts
Faena Residences developers presell $30M penthouse for record price along Miami River
“Animal House”: Brickell condo owners outraged by short-term rental goons
NFL’s Larry Ogunjobi turns developer with $16M spec home in Biscayne Point
Firms tied to Argentine soccer money probe bought four Miami-Dade properties
$1M rent, $100 steaks: Inside Coconut Grove’s booming restaurant scene
Miami secures $193M permit to build civic center at Freedom Park
Wetland development cost Florida homeowners $1.6B in flood damages, study finds
South Florida’s top deals: Double Venetian Islands property trade for $33M
Average 30-year mortgage rate climbs to highest level in nearly a year
New NAR survey: Americans value walkable neighborhoods
