Sony CEO buys Palm Beach Il Lugano condo for $3.3M

Music mogul Martin Bandier has purchased a three-bedroom, 2,900-square-foot condo at Palm Beach’s Il Lugano. Bandier, chairman and CEO of Sony/ATV Music Publishing, paid owner Barbara Green Kay $3.3 million for the 300 Seminole Avenue unit, which she purchased in 2004 for $3.05 million. An Il Lugano apartment twice the size sold last year for $12.1 million. Carole Hogan of Brown Harris Stevens of Palm Beach, had the listing and the Corcoran Group’s Burt Minkoff represented the buyer in the transaction. [Palm Beach Daily News]