Below-renovation house bought for $28.5 million in Palm Seaside, deed demonstrates

Frances Lawson

The developer whose expenditure group in January paid nearly $13 million for a 1980s-period seaside home in Palm Beach – and then embarked on a renovation for resale — has bought the property while in development. The rate recorded at $28.5 million for the estate at 870 S. Ocean Blvd. The deal closed Friday, seller Todd Michael Glaser instructed the Palm Seashore Each day […]

The developer whose expenditure group in January paid nearly $13 million for a 1980s-period seaside home in Palm Beach – and then embarked on a renovation for resale — has bought the property while in development. The rate recorded at $28.5 million for the estate at 870 S. Ocean Blvd.

The deal closed Friday, seller Todd Michael Glaser instructed the Palm Seashore Each day Information.

The deed lists the potential buyers as California trader Kevin Douglas and his spouse, Michelle, as trustees of the K&M Have faith in. The couple has an address north of San Francisco in Kentfield, California, the deed displays.

Kevin Douglas launched and is chairman of Douglas Telecommunications, a relatives investment decision business via which he manages the Douglas family’s diversified expense portfolio, in accordance to a transient on the web biographical sketch. His portfolio has included major investments in IMAX Corp., the significant-display screen film-technological know-how and theater organization, wherever he sits on the board of directors.

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