Miami Beach property tied to jailed developers sold

Receiver for Cohens sells Maclee Building for $14.3 million

TRD MIAMI /
Mar.March 25, 2014 12:45 PM

A receiver for a company tied to jailed father-and-son developers Mauricio Cohen Assor and Leon Cohen-Levy sold the Maclee building in Miami Beach for $14.3 million, The Real Deal has learned.

About three years after the duo was sentenced to 10 years in prison for tax evasion, their Showtime Theatres of Florida unloaded the 429 Lenox Avenue office building and two small parcels through receiver Lawrence Gordich, according to Miami-Dade County records. The sale of the more than 80,000-square-foot building, which includes nearly 44,000 square feet of office space, closed on March 13. The county recorded the transaction last Friday.

GIG VAOI Fifth and Lenox of Atlanta is the buyer. The company shares an address with Goddard Investment Group. No financing was recorded.

After the Cohens were sentenced, Gordich was tasked with selling a portfolio of several South Florida properties owned by companies previously controlled by the family. The portfolio includes a property at 330 Biscayne Boulevard that was going to be the site of Empire World Towers, a high-rise condo project abandoned after the developers got into trouble.


Related Articles

arrow_forward_ios
Chad Carroll, Mariana Trentini, and Fabio Lopes, and Christopher Burch with 5050 North Bay Road

Heinz Brasil exec sells waterfront North Bay Road home to Christopher Burch

Jeffrey Soffer and Fontainebleau Miami Beach

Fontainebleau Miami Beach reveals proposed addition

David Martin, Russell Galbut, and a 500 Alton rendering (Credit: The Next Miami)

Miami Beach, Crescent Heights, Terra agree to settle dispute over floor-to-area calculations

Amir Zwickel and a Showfields store

Showfields to bring new retail concept to Lincoln Road

David Arditi of Aria Development Group and 321 Ocean

Condo association alleges construction defects at 321 Ocean: lawsuit

Julian Cohen and a rendering of the project

Felix and Julian Cohen propose waterfront spec mansion on North Bay Road

1452 Washington Avenue (Credit: Google Maps, iStock)

Spanish investor buys mixed-use building near Española Way

Joseph Menaged with his units at Faena House and One57 (Credit: Facebook, Redfin, StreetEasy)

Father of “Property Wars” star pleads guilty to bank fraud

arrow_forward_ios
Loading...