Gatsby Florida Lands $119M Loan to Build Spec Palm Beach Gardens Office
Development and investment firm Gatsby Florida has secured a $118.6 million loan from Cirrus Real Estate Partners to build a speculative luxury office complex in Palm Beach Gardens, Fla., Commercial Observer has learned. Called The Palm, the eight-story development will feature…
Development and investment firm Gatsby Florida has secured a $118.6 million loan from Cirrus Real Estate Partners to build a speculative luxury office complex in Palm Beach Gardens, Fla., Commercial Observer has learned. Called The Palm, the eight-story development will feature…
BELLINGS Intelligence Score: 10
Why it matters
This is a routine commercial real estate development loan without novel structure or broad market impact, representing ordinary business activity.