Heir to Annenberg publishing fortune buys unit at The Bristol

John Noffo-Kahn’s family also owned the Philadelphia Inquirer

TRD MIAMI /
Aug.August 16, 2019 08:45 AM
The Bristol (Credit: Wikipedia)

The Bristol (Credit: Wikipedia)

An heir to the family that published TV Guide paid $7.5 million for a unit at The Bristol in West Palm Beach.

John Noffo-Kahn bought unit 701 at the luxury condo development at 1100 South Flagler Drive from the development group.

Noffo-Kahn’s mother is Janet Annenberg Hooker and his uncle is the late Walter H. Annenberg, who created TV Guide in 1952 and Seventeen Magazine. He also owned the Philadelphia Inquirer. Annenberg eventually sold his media empire, Triangle Publications, to Rupert Murdoch for about $3.5 billion in 1988.

Two schools of communication carry the Annenberg name: The University of Southern California Annenberg School for Communication and Journalism, and the Annenberg School for Communication at the University of Pennsylvania.

Noffo-Kahn previously owned a 15-bedroom, 14-bathroom, 24,393-square-foot historic estate in Newport, Rhode Island known as the Fairholme.

The Bristol is a 25-story, 69-unit condo tower with units ranging from 3,600 square feet to 14,000 square feet, priced from about $5 million to more than $40 million.

The Bristol is the first new luxury condo project to be built in West Palm Beach in over a decade. The development group, Flagler Investors, is led by Al Adelson and Gene Golub.

A large portion of sales have come from former estate owners in Palm Beach who were looking to downsize or wanted to move into a condo, according to Adelson.

Buyers at The Bristol include beauty mogul Sydell Miller, who closed on a full-floor penthouse for $42.6 million in March.

In July, real estate developer Stuart Bernstein and his wife Wilma paid $5.3 million for unit 803 at the luxury condo development. In late June, Washington, D.C. parking garage mogul Irwin Edlavitch and his wife paid $5.6 million for unit 1203 at The Bristol.


Related Articles

arrow_forward_ios
Angela Koch, Gary Lachman and 4417 South Flagler Drive (Douglas Elliman, Greenspoon Marder)

Ex-wife of billionaire Bill Koch sells West Palm home

Ex-wife of billionaire Bill Koch sells West Palm home
Charles Cohen and a rendering of the project (Getty, Pelli Clarke Pelli Architects)

Billionaire Charles Cohen proposes 338-foot tall office tower in West Palm

Billionaire Charles Cohen proposes 338-foot tall office tower in West Palm
4700 North Congress Avenue and Velocis Managing Partner Fred Hamm (Google Maps)

Private equity firm sells West Palm medical offices at discount

Private equity firm sells West Palm medical offices at discount
Stephen Ross and a rendering of Rosemary Square (Getty, Related)

Security firm sues Related Cos. affiliate, alleging unpaid services at Rosemary Square

Security firm sues Related Cos. affiliate, alleging unpaid services at Rosemary Square
101 Palmetto Lane (Credit: Google Maps)

Garden of Life exec sells waterfront West Palm Beach home for $6M

Garden of Life exec sells waterfront West Palm Beach home for $6M
A few of the properties in Palm Beach County (Credit: Google Maps)

Feds seek to seize 11 properties in Palm Beach County allegedly tied to money laundering

Feds seek to seize 11 properties in Palm Beach County allegedly tied to money laundering
Renderings of the projects and Greg West

ZOM buys land in Coral Gables, West Palm for senior living projects

ZOM buys land in Coral Gables, West Palm for senior living projects
Hyperion Group Partners CEO Rob Vecsler and 350 South Australian Avenue (Google Maps)

Hyperion partners with Winter Properties, plans first project in West Palm Beach

Hyperion partners with Winter Properties, plans first project in West Palm Beach
arrow_forward_ios

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

Loading...