The Real Deal Miami

Soffer fortunes falter in Vegas

July 06, 2009 01:20PM

Jeff Soffer took the reins of his family development when he cut the ribbon on the renovated Fontainebleau Hotel last year in Miami Beach. Now the heir to the Turnberry company that stands for the family name in South Florida faces difficulties in Nevada, as it attempts to extend the Fontainebleau Hotel brand to Las Vegas. That $3 billion venture has gone poorly and company lawyers continue to scramble to convince skeptics that the faltering project won’t imperil the health of the $7 billion Florida real estate empire.