Russell Galbut’s family office, partners buy Galleria Fort Lauderdale
Russell Galbut’s GFO Investments teamed up with InSite Group, Atlas Hill Real Estate and Prime Finance to buy Galleria Fort Lauderdale, sources told The Real Deal. The partnership closed on the 800,000-square-foot indoor mall at 2414 East Sunrise Boulevard, according to sources familiar with the transaction. The buyers plan on redeveloping Galleria Fort Lauderdale with detailed plans to be unveiled in the combining months, a press release states. Galbut called the property “an incredible site” that’s two blocks from the ocean. “A transaction like this comes about once in a lifetime,” he told TRD. “We’re going to reinvent the mall and […]This article originally appeared on The Real Deal. Click here to read the full story.
Recent Posts
Historic cottage near Citadel’s Brickell HQ to move to Coconut Grove
Summermaxxing: Wealth boom brings heat to South Florida with pricey off-season sales
Rivani’s $50M Miami Beach office expansion with Playboy HQ heads to voters
Alonzo Mourning, HTG net $55M financing package for affordable housing
$16M West Palm mansion breaks city’s record for priciest non-waterfront sale
Centaur sells Panther National for $191M in South Florida’s biggest golf course trade this year
Florida’s education shakeup is pouring money into private schools. Here’s what it means for real estate
South Florida’s top deals: Palm Island home sells for $19M
Simple steps can make a home listing stand out
Why more Americans are turning to co-buying to afford a home
