The historic Comeau Building in West Palm Beach was acquired out of foreclosure for $12 million.
The 104,404-square-foot office building at 319 Clematis Street is on the U.S. National Register of Historic Places. It was built in 1925 and was named for entrepreneur Alfred J. Comeau.
The building was lost in foreclosure in 2010 over a $13.4 million mortgage with a collateralized debt obligation fund. The winning bid at the foreclosure auction was $4.5 million by Comeau SPE LLC, an affiliate of the… …read more
From:: biz journal foreclosures