BBX Capital Real Estate Completes the Sale of Its Las Flores Center for $4.0 Million
April 24 2014 - 8:00AM
Marketwired
BBX Capital Real Estate Completes the Sale of Its Las Flores Center
for $4.0 Million
FORT LAUDERDALE,
FL--(Marketwired - April 24, 2014) - BBX
Capital Real Estate, a division of BBX Capital Corporation
(NYSE: BBX), announced today it has
completed the sale of its Las Flores Center for $4.0
million. Located in Miami, Florida, the Las Flores Center is a
retail and office project with total square footage of nearly
114,000 square feet on approximately 2.9 acres of land.
The Las Flores Center is part of the BankAtlantic legacy
portfolio of loans and real estate that was retained by BBX
Capital.
About BBX Capital
Corporation: BBX Capital, a New York Stock Exchange
listed company (NYSE: BBX), is
involved in the acquisition, ownership and management of, and joint
ventures and investments in real estate and real estate development
projects as well as investments and management of middle market
operating businesses. In addition, BBX Capital and its holding
company, BFC Financial Corporation, have a 46% and 54% respective
interest in Bluegreen Corporation; a vacation ownership company
with more than 60 owned or managed resorts, 225,000 owners and
5,000 employees.
As of December 31, 2013, BBX Capital had consolidated total
assets of $431.1 million, shareholders' equity of $302.4 million,
and its book value per share was $19.00. For more information,
visit www.BBXCapital.com.
About BFC Financial
Corporation : BFC (OTCQB:
BFCF) is a holding company whose principal holdings include
a 52% ownership interest in BBX Capital Corporation (NYSE: BBX) and a 54% indirect interest in
Bluegreen Corporation. As of December 31, 2013, BFC had total
consolidated assets of approximately $1.4 billion, shareholders'
equity attributable to BFC of approximately $239.4 million, and
total consolidated equity of approximately $422.4 million. For
more information, visit www.BFCFinancial.com.
For further BBX Capital
information, please visit our family of companies: BBX
Capital: www.BBXCapital.com Bluegreen Corp.:
www.BluegreenVacations.com Renin Corp.: www.ReninCorp.com Hoffman's
Chocolates: www.Hoffmans.com, www.BocaBons.com and
www.GoodFortunes.com Williams & Bennett:
www.WilliamsandBennett.com BFC Financial Corp.:
www.BFCFinancial.com
BBX Capital Contact
Info: Investor Relations: Leo Hinkley Managing
Director, Investor Relations Officer 954-940-5300 Email:
InvestorRelations@BBXCapital.comMedia contact: Caren Berg Boardroom
Communications (954) 370-8999 Email: cberg@boardroompr.com
BBX Capital (NYSE:BBX)
Historical Stock Chart
From Mar 2024 to Apr 2024
BBX Capital (NYSE:BBX)
Historical Stock Chart
From Apr 2023 to Apr 2024