IVC Coral Palm, a Delaware corporation managed by New York-based Investcorp International, paid $19.85 million for the 2015 N. University Drive shopping center last week, according to Broward County property records. The acquisition was recorded Friday,



Investcorp is part of joint ventures led by West Palm Beach-based Ceebraid-Signal that are facing foreclosure suits over the Omphoy Ocean Resort in Palm Beach and the Gulfstream Hotel in Lake Worth.