Multifamily giant Greystar acquired the Gardens East apartments in Palm Beach Gardens for $92.16 million – marking its second South Florida deal with the same seller within a few days.

Magazine Gardens East, care of PGIM Real Estate in Newark, New Jersey, sold the 448 apartments at 10000 Alternate A1A to GS Palm Beach Owner LLC, an affiliate of Charleston, South Carolina-based Greystar. Berkeley Point Capital, doing business as Newmark, awarded a $72.71 million mortgage to the buyer. Property data firm Vizzda confirmed the parties involved.

The price worked out to $205,714 per unit. The last time the property traded with a regular deed was in 2000 for $32.5 million, but it changed hands several times since through LLC transfers at…

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Steakhouse owner Ralph Lewis has led a dramatic expansion of his family’s Okeechobee-branded restaurants in the past five years. As his iconic Okeechobee Steakhouse turns 76 in West Palm Beach, Lewis continues to fire up new food concepts elsewhere in the county.

Most recently, Lewis expanded his Okeechobee Prime Barbecue operation to unique settings, staging weekend pop-up events at a popular Jupiter Farms farmhouse café and a waterside tiki hut in Riviera Beach. 

Now, Okeechobee’s weekend barbecue is a permanent, week-long feature at the folksy Taylor Farmhouse in Jupiter Farms. On Monday, July 24, Lewis and his Okeechobee team took over food and service operations at the restaurant and music venue, popular for its sprawling backyard, bonfire-lit…

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Photo Courtesy of Frisbie Group

Billionaire Ken Griffin bought an office building on Worth Avenue for $83 million, marking the hedge funder’s latest move to home in on Palm Beach, after a near takeover of Miami’s Brickell. 

An entity tied to Griffin’s Citadel bought the nearly 50,000-square-foot office building at 125 Worth Avenue from an affiliate of Frisbie Group and Dreyfuss Management, according to records and real estate database Vizzda. 

Completed in 1974, the three-story building sits on 0.8 acres, Vizzda records show. Palm Beach-based Frisbie Group paid $30.7 million for the building in 2017. Bethesda, Maryland-based Dreyfuss owned a stake in the property, state corporate records show. 

Griffin, who moved his Citadel and Citadel…

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Everything from property rights to an ancient Native American mound and the future of one of the last remaining waterfront parcels in Jupiter is at stake as the town council prepares to hear a developer’s appeal later this month.

Charles Modica, a longtime Hobe Sound resident and developer, bought the Suni Sands mobile-home park near the Jupiter Inlet for $17 million in 2013, with a goal of building a mixed-use development with condominiums, a restaurant and a hotel.

The last Suni Sands residents were evicted in 2016. But plans to develop the property that some experts consider one of the most historically and archaeologically significant sites in South Florida have yet to be approved. The developers have been turned down while seeking a first…

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BPS Partners dropped $39 million for a Publix-anchored shopping center in Jupiter.

An affiliate of Palm Beach Gardens-based BPS acquired Bluff Square Shoppes at 4040 South US Highway 1, according to records and Vizzda. The deal works out to $287 per square foot for the 135,974-square-foot retail property. 

The seller, an affiliate of West Palm Beach-based Sterling Organization, paid $25.9 million for Bluff Square Shoppes in 2019, records show. Sitting on a 14.7-acre site, the shopping center was completed in 1986. 

Other tenants at Bluff Square Shoppes include Walgreens, Locals Surf Shop, TooJay’s Deli, CrossFit Sea Dog, and Grind Juice Co. As of May, the shopping center had four spaces available for lease, totaling about 9,000 square feet,…

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