Luxury “landmaxxing”: The billionaire push for private compounds
Buying mansions here and there is not enough for the uber-rich. “Landmaxxing,” or buying up adjacent properties to assemble sprawling private compounds, has been a major part of the ultra-luxury market this year, the Wall Street Journal reported. Compounds are increasingly in demand, and some of the business world’s biggest names are leading the trend. In South Florida, Citadel billionaire Ken Griffin dropped more than $450 million to piece together a 27-acre Palm Beach compound. Griffin has spent more than $1 billion assembling land from Miami to Palm Beach, The Real Deal previously reported. Jeff Bezos has become one of […]This article originally appeared on The Real Deal. Click here to read the full story.
Recent Posts
Redfearn sells Palm Beach building for more than 2X last year’s price
Miami-Dade extends historic courthouse auction after striking out again in bid to offload building
Midtown buys Doral industrial portfolio for $86M as local businesses drive demand for smaller spaces
Nelson Peltz takes out another $30M mortgage on Palm Beach estate
Six busted in $6M Miami condo association fraud scheme
Inside South Florida’s billion-dollar convention center hotel building boom
Controversial industrial HQ project outside Miami’s UDB back for a vote
Rishi Kapoor sentenced to 11-plus years behind bars for $89M fraud scheme
Cortland sells multifamily complex for $208M as market oversupply shows signs of balancing
Waterfront teardown in North Palm Beach sells for $28M
