Carlyle Group buys land for Vanderbilt residential development

  • By Business Observer Staff
  • | 10:12 a.m. November 15, 2013
  • Commercial Real Estate
  • Share

BUYER: CRP/Vanderbilt Sandalwood LLC (The Carlyle Group), Washington, D.C.
SELLER: Amy Turner (50% interest), Tammy Kipp (22%) and BRT Coastal Partnership (28%)
PROPERTY: 3511 Vanderbilt Beach Road, Naples
PRICE: $6.7 million
PREVIOUS PRICE: $250,000, February 1989
LAW FIRM ON DEED: Roetzel & Andress LPA, Naples

 

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