The Real Deal Miami

Bluegreen suffers second-quarter loss

August 12, 2011 10:50AM

Boca Raton-based timeshare firm Bluegreen took a loss in the second
quarter of $26.7 million. The company was charged for its residential
division, Bluegreen Communities, which is currently
for sale
. In July, the company entered into a non-binding agreement
with an undisclosed buyer looking to purchase that division and the
company’s golf course assets. The majority owner of Bluegreen is BFC
Financial, which itself is the majority owner of BankAtlantic. [SFBJ]