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Private-equity exec pays $10 9 million for landmarked Palm Beach house

Sandeep Alva of Onex Falcon buys 4 Golfview Road from trust linked to financier David Martinelli. Darrell Hofheinz Palm Beach Daily News Investment manager David Martinelli has sold, via a deed recorded at $10.9 million, the renovated landmarked house he bought through a trust in 2016 at 4 Golfview Road. Private-credit-financing specialist Sandeep Alva bought the 1922 house with four bedrooms and 5,207 square feet of living space, inside and out, according to the deed recorded Tuesday. The house stands on a private road immediately south of Worth Avenue and directly across from the Everglades Golf Course. Alva founded Falcon Investment Advisors of Boston and New York. In December, his company was acquired by the Toronto investment firm Onex Corp. and is now known as Onex Falcon. Alva serves as its managing director and co-head, according to its website. 

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