Oracle co-founder pays $80M for North Palm Beach estate

first_img Tags Share via Shortlink Message* The property was developed in 1991 and last sold in 2012 for $17.5 million, records show.Waterfront luxury residential sales in Palm Beach have set new records during the pandemic, in terms of both number of closings and sky-high prices.In February, private equity titan Scott Shleifer paid more than $120 million for the oceanfront mansion at 535 North County Road in Palm Beach, setting a record for Florida and marking one of the most expensive home sales in the U.S.Other recent buyers and sellers have included Steve Wynn, Greg Norman, Tommy Hilfiger and David Tepper.In the past two weeks, hotelier Beatrice Tollman sold her Palm Beach mansion at 174 Via Del Lago for $57 million. And Wynn paid $24 million for a lakefront home after flipping and buying other properties in Palm Beach.Contact Katherine Kallergis Email Address* Larry Ellison and 12525 Seminole Beach Road (Getty, Google Maps)Larry Ellison, billionaire co-founder of Oracle Corp., paid $80 million for the North Palm Beach estate owned by hedge fund manager Gabriel A. Hoffman.The sale, which closed slightly above the $79.5 million asking price, was first reported by the Wall Street Journal. It adds to a dizzying number of ultra-high-end deals to close over the past year in South Florida.Ellison is worth nearly $100 billion, according to Forbes. He’s chairman and chief technology officer of the Austin, Texas-based software company he co-founded, and was previously CEO.Hoffman heads the activist hedge fund Accipiter Capital Management.He initially listed his 7.35-acre compound at 12525 Seminole Beach Road in June with Douglas Elliman agent Gary Pohrer.Elliman agents Chris Leavitt and Ashley McIntosh, who promoted the sale on Instagram, represented the seller, while Elliman’s Tonja Garamella brought the buyer. The agents all declined to comment.ADVERTISEMENTThe Tuscan-style, 15,514-square-foot mansion has seven bedrooms, 11 bathrooms, three half-baths and more than 520 feet of ocean frontage. The property features a large private pool, theater, wine room, chef’s kitchen, tennis court, and guest suite. It’s accessible via helicopter.Read moreHedge funder’s North Palm Beach estate hits the market for $80M Sale of Palm Beach estate asking $140M sets new Florida record Hedge fund billionaire David Tepper paid $68M for Palm Beach mansion Full Name* North Palm Beach Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlinklast_img read more

Dale V.C. Holness is now Broward County’s Vice Mayor

first_imgThe Broward County Commission unanimously voted for Commissioner Dale V.C. Holness (District 9) to serve as Vice Mayor today at its Reorganization meeting.  The Broward County Charter stipulates that Commissioners, elected from single member districts, vote annually in November for the position of Mayor and Vice Mayor. First Elected in 2010Vice Mayor Holness was elected in 2010 to represent residents living in Broward County’s District 9, which includes a population of approximately 215,000.  Prior to being elected a Broward County Commissioner, he served as a City of Lauderhill Commissioner from 2004 to 2010, during his terms as a Lauderhill City Commissioner, he served as Vice Mayor twice, 2007, 2010, respectively and started the Lauderhill Chamber of Commerce and established the Lauderhill Business Incubator.   BusinessmanA practicing real estate broker for over 30 years, he is the President and CEO of All Broward Realty.  He is a well-known advocate for small, minority and women-owned businesses, fair wages for workers, improving and providing economic development opportunities for all, and home ownership.  His global advocacy includes positioning Broward County as the center for international trade with the recent success of the Florida International Trade and Cultural Expo (FITCE) held October 17-18, 2018 with representation from 54 countries and over 1200 people in attendance. Vice Mayor Holness worked for many years to bring the event to Broward County with the inaugural FITCE occurring in 2015. “Thank you Mayor Furr for your hard work this past year and doing a great job representing Broward County.  Thank you to my colleagues for your vote of confidence. I will continue to speak for those who are not represented and underrepresented, champion for the small and minority business owners, our senior citizens, giving people second chances with the adult civil citation program, which   I was able to pass earlier this year, fighting for our children to have a good education so when they graduate they can either go on to college, technical or vocational school, and to have compassion for those who need our help when it comes to social services, because my district has many economic and social needs. I look forward to working with Mayor Bogen and everyone on the Commission and to give Broward County, my best nothing less,” said Vice Mayor Holness.last_img read more