Hobe Grove sold

Midbrook 1st Realty paid $43.76 million to Becker Holdings of Vero Beach for the 2,823 acres currently being proposed for development as Hobe Grove, according to public records.

Midbrook is managed by Coventry Development Corp. of New York, which specializes in large, urban developments, one of which is outside of Denver and the other in Houston.

Tom Hurley of Becker Holdings will continue to represent the Hobe Grove project as it goes through the county and state approval process, including changes to the Martin County Growth Management Plan, said Midland.