Sam Nazarian pays $14M for waterfront Coral Gables estate, plans to move from LA

SBE founder Sam Nazarian closed on a waterfront mansion in Coral Gables for $14 million, with plans to relocate from Los Angeles, The Real Deal has learned. Nazarian, who recently sold his remaining 50-percent stake in SBE Entertainment’s hotel brands, acquired the six-bedroom, eight-and-a-half-bathroom estate at 8815 Arvida Drive in Coral Gables, according to sources. Nazarian declined to comment. The 9,694-square-foot Palladian-style home, with a home theater, master suite, covered terraces and cabana, sits on … Continue reading Sam Nazarian pays $14M for waterfront Coral Gables estate, plans to move from LA[more]