Price revealed: Russell Galbut and partners paid $73M for Galleria Fort Lauderdale
Russell Galbut’s GFO Investments, InSite Group, Atlas Hill Real Estate and Prime Finance paid $73 million for Galleria Fort Lauderdale, representing a significant discount off the price the seller was aiming for. The four firms acquired the 800,000-square-foot indoor mall at 2414 East Sunrise Boulevard in Fort Lauderdale with plans to eventually redevelop the property. The joint venture paid roughly $91 a square foot for Galleria Fort Lauderdale. Fort Lauderdale-based InSite is led by Ben Shmuel and Ronald Tercer. Atlas Hill is led by Sandeep Mathrani and Prime Finance is led by John Atwater. The seller, Keystone-Florida Holding Corporation, led […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Loan officers are going to Washington
When standard DSCR falls short: What real estate investors should know about no-ratio financing
The Ground Lease Dilemma—Affordability Engine or Ticking Time Bomb?
She Taught Private Swim Lessons at Home for 7 Years. Then the City Shut Her Down After a Neighbor’s Complaint.
Naples Comprehensive Health Enhances Storm Preparedness
Here’s Where It Takes the Longest To Save for a Down Payment—and Where It’s Quickest
FOSTERING SUCCESS ANNOUNCES 2026 SCHOLARSHIP RECIPIENTS
‘Grey’s Anatomy’ Star Patrick Dempsey Lifts the Lid on His Childhood in Tiny Maine Town—and His Job at Local Recycling Center
Maria Shriver Reveals How Childhood Lessons From Her Late Father Help Her Navigate Tricky Relationship With RFK Jr.
Southwest Airlines forecasts quarterly earnings below estimates on higher fuel
GET MORE INFORMATION
Stevan Stanisic
Real Estate Advisor | License ID: SL3518131
Real Estate Advisor License ID: SL3518131