John H. Forsgren bought a three-bedroom, five-bath condo at 1171 N. Ocean Blvd. in Gulf Stream from Donald and Mary Lasater for $1.75 million on July 13.

Unit #3BN is 3,270-square-foot in size. It is part of the El Cortijo condo development in the Gulf Stream Seaside.

Forsgren is chief financial officer and executive vice president of Select Energy, Inc., a supplier of electricity and natural gas in the Northeast and mid-Atlantic states. He currently serves as a director of Trident Resources Corp., Duke Energy Corporation, CuraGen Corporation and Phoenix Life Insurance Company. He is also a member of the board of regents of Georgetown University.

He previously served as CFO and executive vice president of Northeast Utilities System. Prior to that, he was CFO and executive vice president of the Public Service Company of New Hampshire. He also held executive positions at Connecticut Light & Power Co., PSNH and Western Massachusetts Electric Co., Northeast Generation Company, Neon Communications Inc., Euro Disney, The Walt Disney Company, Sun International Investments Ltd., Chase Manhattan Bank, Northeast Utilities System, FirstLight Hydro Generating Company and CuraGen Corp.

He has a B.A. in economics from Georgetown University, an M.B.A. from Columbia University and a master's degree in international finance and management from the University of Geneva, Switzerland.

According to BlockShopper.com, there have been seven condo sales in Gulf Stream during the past 12 months, with a median sales price of $335,000.

Address: 1171 N. Ocean Boulevard, Unit: 3BN
Buyer(s): John H Forsgren (Trustee) and John H Forsgren (Revocable Trust)
Seller(s): Donald E Lasater (Trustee) and Mary E Lasater (Unified Credit Trust)
Sale date: Jul. 13, 2011