Comment on Miami firm purchases Newport resort community for $10.2 million

PORTSMOUTH, R.I. — A Miami-based real-estate firm and a developer announced Tuesday that they have purchased the Newport Beach Club, an upscale waterfront community, for $10.225 million.The development is intended to total 152 units on 124 acres along Narragansett Bay.Mark McClure, the managing director of GenX Capital Partners, the firm that bought the Newport Beach Club along with Maine-based developer Patrick Tinsman, confirmed the sale.“Yes, there [...]