The two Boca Raton rental projects will be added to Florida Atlantic University’s student housing stock. Rosemurgy Properties and Giles Capital Group, the developers of the University Park student housing project in Boca Raton, acquired Boca Sol and Addison Park, both on Northeast 20th Street, from selling entities which were represented by Mr. Blasi. Boca Sol sold for $8.7 million, and Addison Park for 4 million. According to the Sun-Sentinel, Alex Rosemurgy, head of Rosemurgy Properties, told the newspaper the two acquisitions increase the partners’ investment in the corridor to more than $100 million, and that Addison Park has been renamed University View, while Boca Sol has been renamed University Square. See more at: https://therealdeal.com/miami/blog/2014/10/13/fau-scores-additional-student-housing/#sthash.PkwG4MZj.dpuf
In a separate, unrelated student housing transaction, Mr. Blasi represented Davie Collegiate LLC in its $8M sale of a Nova University Student Housing Project in Davie, Florida, to a group also affiliated with Rosemurgy Properties.
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Shapiro, Blasi, Wasserman & Hermann, P.A., with offices located in Boca Raton, Florida and Hollywood, Florida, has practice areas in Commercial Litigation, Labor and Employment, Construction Litigation, Chinese Drywall Litigation, Bankruptcy and Creditor's Rights, Real Estate Transactions, Real Estate Litigation, Business Transactions, Family Law, Wills, Trusts and Estates, and Appellate Matters. We represent clients throughout Florida and nationwide.