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 Boule
Mainstreet at Tuttle developer averts foreclosure auction with bankruptcy filing
The owner of the mixed-use Mainstreet at Tuttle development site in Royal Palm Beach narrowly avoided a foreclosure auction by filing for bankruptcy. The courthouse sale of the 38-acre site within the 200-acre Tuttle Royale master development on the southwest corner of U.S. 441 and Southern Boulevar
Workman Real Estate picks up another Miami-Dade warehouse, paying $16M for Miami facility
Workman Real Estate Ventures bought its fourth Miami-Dade industrial property, buying a Miami facility for $16 million. But the deal was almost derailed by an aggressive foreclosure action by a lender seeking repayment of a $9.2 million mortgage debt, court records show. An affiliate of Miami-based
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