Saturday, December 28, 2013

Developer pays $128 million for Palm Beach Gardens property |

Progress being made on development of the Briger Tract, which won't make our local EF! folks happy. I am sure they will continue their fight to block development of this parcel. Their current plan of attack is to point out that the endangered Blue Indigo snake finds this property as a prime habitat. The article details the recent sale of over 600 acres by Kolter Group. It is the largest dollar value sale of real estate in Palm Beach County this year. Here are some others. Click title for link to article.
Big real estate deals return
Pricey deals in 2013:
$127.5 million: Kolter Group bought the Briger tract in Palm Beach Gardens.
$83.5 million: Toll Brothers bought 124 acres west of Boca Raton in December.
$71 million: The Esperante Corporate Center in downtown West Palm Beach got a new landlord in December.
$69.1 million: An apartment complex in Delray Beach sold in February.
$63.1 million: An apartment complex west of Boca Raton changed hands in March.
$59.2 million: An apartment complex in Boynton Beach sold in March.
$52 million: Howard Stern bought an oceanfront manse in Palm Beach in May.
$51 million: Minto Communities bought Callery-Judge Grove, an unincorporated area along Seminole Pratt Whitney Road in September.
$49.5 million: The Bethesda Health City offices west of Boynton Beach were sold to a new landlord.