Colony Club Luxury Apartments Trade for $26.7M

Advenir acquired The Colony Club Luxury Apartments at 7132 Colony Club Dr. in Lake Worth, FL from The Holiday Organization, Inc. for $ 26.65 million, or about $ 125 per square foot. The three-story 237,340-square-foot, Class A apartment building was built in 2003 and is located in the
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Farkas, Colony Capital In Talks To Acquire ‘Significant’ Stake In Grubb & Ellis

Just a few months after announcing plans to acquire NAI Global, a firm controlled by real estate investor Andrew L. Farkas is in exclusive talks to execute “a strategic transaction” with troubled commercial real estate services firm Grubb & Ellis Co. (NYSE: GBE). A subsidia
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