Defunct Retreat Behavioral Health facility near Lake Worth Beach sells for $16M

A vacant, distressed drug treatment facility near Lake Worth Beach sold for $15.6 million, and the new landlord has secured Banyan Treatment Centers to move into the building.  Blue Cane Properties, a Delaware entity, bought the 109-bed rehabilitation complex at 4140 Lake Worth Road in Palm Springs, court records show. The buyer was represented by […]This article originally appeared on The Real Deal. Click here to read the full story.