Billionaire Greg Mondre flips Palm Beach teardown for $5M-plus gain
Private equity billionaire Greg Mondre sold a teardown in Palm Beach for $36.3 million, after buying it last March for $31 million. Mondre’s 1160 NOB LLC sold the 0.8-acre property at 1160 North Ocean Boulevard to a trust named for the address and managed by attorney Jessica Shapiro. Marley Overman
Pacific Northwest buyers drop $51M on affordable Weston apartments
Canadian real estate investment firm Spira Equity Partners and Foundation For Affordable Housing bought a low-income apartment complex in Weston for $50.5 million. Vancouver, British Columbia-based Spira and Bend, Oregon-based Foundation For Affordable Housing bought the 300-unit The Falls of Bonav
South Florida’s top deals: Investment execs scoop up $32M oceanfront manse in Manalapan
🏆 Residential: The top home sale recorded in South Florida was in Manalapan, where aviation mogul Robert Fessler parted with a mansion at 880 South Ocean Boulevard for $31.5 million. The buyer was an LLC tied to the John and Daria Barry Foundation. John Barry is the chairman and CEO of Prospect Cap
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