Liens on billionaire investor’s Palm Beach manse

Miami /
May.May 01, 2013 04:00 PM

Two liens have been filed on one of billionaire Jeff Greene’s Palm Beach properties, Gossip Extra reported. Two contractors claim they have not been paid in full for extensive renovations of a $24 million mansion, the site said.

West Palm Beach-based Karns & Baldwin Innovative Builders claims the investor owes more than half a million dollars a year after work commenced, while Cemex Construction Materials of Jupiter, Fla., claims it is owed $2,175.65 for materials delivered months ago, Gossip Extra reported, citing court records.

Greene, whose net worth Forbes estimates at $2.1 billion, made his fortune by buying up credit default swaps that soared in value when sub-prime loans tanked, a biographical detail not lost on Florida voters. Shortly before beginning his real estate buying spree in Palm Beach, Greene filed his candidacy for the U.S. Senate but lost the Democratic nomination to former U.S. Rep. Kendrick Meek.

Greene has been working on the mansion, known as La Bellucia, since purchasing it last year from Tampa Bay Buccaneers owner Malcolm Glazer. [Gossip Extra]Emily Schmall


Related Articles

arrow_forward_ios
1440 South Ocean Boulevard and Sydell Miller (Google Maps, Getty)
Facelift required: Beauty mogul sells Palm Beach lot for $42M
Facelift required: Beauty mogul sells Palm Beach lot for $42M
450 Royal Palm Way and the buyer H. William Perry. (Google Maps, Gunster)
Banker’s Row office building in Palm Beach sells for $17M
Banker’s Row office building in Palm Beach sells for $17M
Carl Panattoni and 965 North Ocean Boulevard (Photos via Panattoni Europe, Google Maps)
Carl Panattoni sells oceanfront Palm Beach property for $34M to Stock Development
Carl Panattoni sells oceanfront Palm Beach property for $34M to Stock Development
David Tepper and 905 North Ocean Boulevard (Getty, Google Maps)
Hedge fund billionaire David Tepper paid $68M for Palm Beach mansion
Hedge fund billionaire David Tepper paid $68M for Palm Beach mansion
The property has 5 bedrooms in the main house and 2 in the guesthouse. (901 North Ocean blvd)
Palm Beach developer lists spec mansion next door to David Tepper’s for $84M
Palm Beach developer lists spec mansion next door to David Tepper’s for $84M
David Tepper and 905 North Ocean Boulevard (Getty, Google Maps)
Carolina Panthers owner to buy $73M Palm Beach mansion
Carolina Panthers owner to buy $73M Palm Beach mansion
Scott Shleifer and 535 North County Road in Palm Beach (Photos via LinkedIn, Google Maps)
Private equity titan buys Palm Beach estate asking $140M: sources
Private equity titan buys Palm Beach estate asking $140M: sources
Cobey Rapaport and 790 South County Road, Palm Beach (Getty, Google Maps)
South Florida developer’s widow sells waterfront Palm Beach mansion for $31M
South Florida developer’s widow sells waterfront Palm Beach mansion for $31M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...