PE billionaire Greg Mondre drops $58M on oceanfront Palm Beach lot

Private equity billionaire Greg Mondre dropped $58 million on an oceanfront lot in Palm Beach, after spec developer Brian Stock abandoned efforts to build a mansion on the property. Mondre bought the 1.2-acre parcel at 965 North Ocean Boulevard from Stock’s 965 North Ocean Boulevard LLC, sources confirmed. Listing sites show the deal has closed, but the deed has yet to appear in public records.  Lawrence A. Moens with Lawrence A. Moens Associates had the listing, and Marley Overman with Illustrated Properties brought the buyer. Mondre is co-CEO of the Menlo Park-based private equity firm Silver Lake. Forbes estimates his […]This article originally appeared on The Real Deal. Click here to read the full story.