Search
 

BH3 Wins Trump Hollywood Bid

FT. LAUDERDALE, FL-The deal communicates the willingness of banks like HSBC to sell notes.

By Jennifer LeClaire | Updated on April 06, 2011

FT. LAUDERDALE, FL-BH3 won the bid for 175 unsold units at Trump Hollywood. BH3, along with investment funds managed by King Street  Capital, paid $160 million to acquire the distressed notes the project secured in 2010.

Trump Hollywood sits on a five-acre site and features two- and three-bedroom condos ranging from 2,070 to more than 7,000 square feet, all with private elevator access and panoramic ocean, Intracoastal and city views from private oversized terraces. It’s the most luxurious building on Hollywood Beach.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.