Movers & Shakers: GFO, partners tap Galleria Fort Lauderdale exec amid revamp effort

Russell Galbut and his partners in Galleria Fort Lauderdale tapped new leadership to oversee the mall as they pursue a major redevelopment. Jim Heilmann joined Galleria Fort Lauderdale as senior general manager, according to a press release. Galbut’s GFO Investments, InSite Group, Atlas Hill Real Estate and Prime Finance teamed up to buy the retail complex last month. They paid $73 million for the 800,000-square-foot indoor mall. The partners are considering a major redevelopment of the mall that would include nine 30-story towers, a 170-key hotel and hundreds of Live Local Act units, the Miami Herald reported this week. Heilmann […]This article originally appeared on The Real Deal. Click here to read the full story.