Custom homebuilder Stock Development affiliate buys Palm Beach home lot for $34M

An affiliate of custom homebuilder Stock Development purchased a vacant lot along the ocean in Palm Beach for $34.15 million.

Carl D. Panattoni, the chairman of Sacramento, California-based commercial real estate development firm Panattoni Development Co., and wife Mary Jane Panattoni sold the 1.24-acre property at 965 N. Ocean Blvd.

The buyer was 965 North Ocean Boulevard LLC, managed by Brian K. Stock, the CEO of Naples-based Stock Development. CIBC Bank USA provided a $17.08 million mortgage…

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About Lokesh Jaral 89759 Articles
Being an enthusiast who likes to spend time binge-watching TV shows and movies and following the hype in the media and entertainment world. Exploring the field of technology and entertainment, I am here to share the varied experiences on this blog.

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