BELLINGS

West Palm Beach Developer Buys Lot, Apartments on Way

Estate Cos. bought a lot in West Palm Beach and plans to build the second phase of a two-phase apartment project. The S. Floirda Business Journal reports the company paid $13 million for a 1.19-acre lot at 411 West Railroad. The seller was Sunview Cos. Banesco USA provided an…

Estate Cos. bought a lot in West Palm Beach and plans to build the second phase of a two-phase apartment project. The S. Floirda Business Journal reports the company paid $13 million for a 1.19-acre lot at 411 West Railroad. The seller was Sunview Cos. Banesco USA provided an…

BELLINGS Intelligence Score: 8

Why it matters

This is a routine real estate development transaction involving a $13 million lot purchase for an apartment project, with no novel financing structure or broader market impact.

Sources

  • Connect CRE

    West Palm Beach Developer Buys Lot, Apartments on Way

    Estate Cos. bought a lot in West Palm Beach and plans to build the second phase of a two-phase apartment project. The S. Floirda Business Journal reports the company paid $13 million for a 1.19-acre lot at 411 West Railroad. The seller was Sunview Cos. Banesco USA provided an…