Jeffrey Soffer sells Hallandale Beach casino parking lot for $31M
Billionaire Jeffrey Soffer offloaded part of his Broward County gambling site, a portion of a parking lot, for $31.1 million. An affiliate of Soffer’s Aventura-based Fontainebleau Development sold 12.2 vacant acres of the Big Easy Casino at 831 North Federal Highway in Hallandale Beach to an affiliate of Kadima Developers, records and real estate database Vizzda show. The price amounts to more than $2.5 million per acre. Aventura-based Kadima, led by co-founders Alejandro Chaberman and Joseph Melul, partially financed the acquisition with a $17.6 million loan from RMWC. Kadima immediately flipped three of the 12 acres for $12 million to […]This article originally appeared on The Real Deal. Click here to read the full story.
Recent Posts
Buyer of Wynwood office building alleges “dangerous conditions” and “Band-Aid” repairs in suit against East End
Golden Beach spec home asking $80M tops signed contracts in Miami-Dade
BH, Lennar tap Elliman to sell single-family homes on former golf course west of Aventura
Oceanfront mansion lists for $195M in potential Palm Beach record
Resi roundup: Architect’s landmark Palm Beach home sells for $28M, waterfront mansion goes for $27M
Marina showdown: Inside the proposed $80M redevelopment of Rickenbacker Marina, Marine Stadium Marina
South Florida’s top deals: Former Pfizer exec sells Palm Beach home for $27M
Wealth building starts with behavior, expert tells Realtors
BREAKING NEWS: Florida Realtors supports property tax reform
South Florida Dirt: Mandarin Oriental Boca Raton developer fires back
