The Real Deal Miami

Boca developer’s belongings to be returned after
October 07, 2010 04:45PM

Real estate developer Gregory Talbott is getting back his belongings after his Intracoastal mansion was raided earlier this month by a company seeking to recover the $1.6 million it lost in a foiled deal to sell Talbott a Boca Raton office building. Yesterday, a Palm Beach Circuit Court judge ruled that the county sheriff’s office must return the furniture, artwork, jewelry and loaded weapons it seized from the 19,000-square-foot, waterfront home at 230 N.E. 5th Avenue because the raid had also claimed unjustified items, including underwear and cosmetics belonging to Talbott’s wife, Mimi. Talbott, the second-largest commercial property owner in Boca Raton, had once planned to buy the office building in question from Atlantic Land Company, headed by Boca Raton attorney John Carter, but following a dispute between the parties, Atlantic lost the property to foreclosure. [Palm Beach Post]