Delta Air president buys Ritz-Carlton condo in Riviera Beach

This is Edward Bastian's second purchase in the condo tower

TRD MIAMI /
Jun.June 17, 2015 11:15 AM

The president of Delta Air Lines just picked up a unit in Riviera Beach’s Ritz-Carlton for $7.3 million, The Real Deal has learned.

Edward H. Bastian, along with his wife Anna, filed a deed for a unit on the building’s 12th floor earlier this week. The 7,443-square-foot condo has five bedrooms, four bedrooms and five-and-a-half bathrooms.

The unit was sold by Susan P. Lovejoy, the wife of the late Walter Lovejoy, who was chairman of the power transmission company Lovejoy Industries until he passed away in 2011. Walter purchased the Ritz-Carlton condo under his company Caprice I for $5 million in 2008.

This isn’t the Bastians first purchase in Riviera Beach — the couple picked up another unit on the Ritz-Carlton’s 16th floor for $2 million in 2012.

Edward H. Bastian was hired as Delta Air Lines’ president and director in 2007. Before that, Bastian spent two years as the company’s chief financial officer and executive vice president, and he has been at working at Delta in various roles since 1998.


Related Articles

arrow_forward_ios
23 Tahiti Beach Island Road and 4965 Southwest 82nd Street

Cuban coffee mogul trades waterfront Tahiti Beach mansion for Ponce-Davis estate

Cuban coffee mogul trades waterfront Tahiti Beach mansion for Ponce-Davis estate
Diego Arnaud and Ritz-Carlton Residences, Sunny Isles Beach

Mexican steel CEO buys condo at Ritz-Carlton in Sunny Isles

Mexican steel CEO buys condo at Ritz-Carlton in Sunny Isles
Rendering of the Ritz-Carlton Residences, Sunny Isles Beach with Manuel Grosskopf and Edgardo Defortuna

Ritz-Carlton Residences Sunny Isles developers pay off $212M loan

Ritz-Carlton Residences Sunny Isles developers pay off $212M loan
Dave Folsom, president & CEO of Sotherly Hotels, and the DoubleTree Resort by Hilton Hollywood Beach at 4000 South Ocean Drive (Credit: Google Maps)

Hollywood DoubleTree’s $59M CMBS loan enters special servicing

Hollywood DoubleTree’s $59M CMBS loan enters special servicing
Ritz-Carlton Residences Sunny Isles Beach (Credit: Sunny Isles Property Venture LLC and iStock)

Gastroenterologist buys unit at Ritz-Carlton Sunny Isles

Gastroenterologist buys unit at Ritz-Carlton Sunny Isles
Kevin R. Kreutzfeld of Premier Estate Properties and 1408 West Lake Drive

Waterfront home in Fort Lauderdale’s Harbor Beach sells for $11M

Waterfront home in Fort Lauderdale’s Harbor Beach sells for $11M
3621 South Ocean and Corcoran's Jennifer Kilpatrick

Sean Posner, partners sell new Highland Beach townhouses for $12M

Sean Posner, partners sell new Highland Beach townhouses for $12M
Integra Investments’s Victor Ballestas and Artsquare at Hallandale Beach

Integra scores $68M refi for Artsquare at Hallandale Beach

Integra scores $68M refi for Artsquare at Hallandale Beach
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...