Insurance giant buys control of South Beach hotel for $56M
An affiliate of Prudential Insurance Co. of America acquired control of the Boulan South Beach hotel for $56.3 million, although the deal didn't include its hotel condo units.
Parc Place Development, managed by real estate investor Bert E. Brodsky in Port Washington, New York, sold the 72,755 square feet of common area of the hotel at 2000 Collins Ave. for $33.52 million to GA Collins Realty. Just Around the Corner, also managed by Brodsky, sold the 65,424-square-foot parking garage at 237 20th...