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Residential
South Florida

Construction firm founder buys condo in Boca Raton

Seller is Jason Braun, owner of Animal Pharmaceuticals

Steven Laganas with 1000 South Ocean Boulevard in Boca Raton
Steven Laganas with 1000 South Ocean Boulevard in Boca Raton (Google Maps, Owler)

The founder of a construction equipment rental company bought a condo at One Thousand Ocean in Boca Raton for $9.2 million, a month after selling his business.

Records show trusts in the name of Steven and Eliza Laganas, with Steven Laganas and Jayson Hartman as trustees, bought unit 505 at 1000 South Ocean Boulevard, from Jason and Tracey Braun.

Bonnie Heatzig of Douglas Elliman had the listing, and Marcy Javor of Signature One Luxury Estates brought the buyer.

Steven Laganas is the founder of Able Equipment Rental, a construction equipment rental company based in Deer Park, New York. Stamford, Connecticut-based United Rentals bought Able Equipment last month for an undisclosed amount, according to published reports.

Jason Braun is a local entrepreneur and owner of Animal Pharmaceuticals, according to his LinkedIn. In 2015 he applied to trademark the term “cannachew,” records show. He has registered about another dozen Florida corporations in Boca Raton over the years.

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In 2021, the Brauns flipped a Boca Raton home in Royal Palm Yacht & Country Club for $6.8 million, seven months after they bought it for $5.3 million, records show.

Jason and Tracey Braun bought the One Thousand Ocean condo for $6.9 million in 2021, records show. The unit spans 4,200 square feet, with four bedrooms and five bathrooms, according to records. Amenities in the seven-story, 52-unit building include a gym, pool, spa and sauna, its website shows.

Developer LXR Luxury Resorts & Hotel finished construction of the building in 2010, and completed the sellout in 2013.

Demand for luxury condos in Palm Beach County has boomed in recent years, as the pandemic and corporate relocations have fueled migration to the area.

Cliff Fischer, founder of Dallas-based commercial real estate firm Clifford & Company, sold his unit at the Bristol in West Palm Beach for $11.2 million earlier this month. Another condo at the Bristol sold for $12 million in December.

New York City-based Savanna launched sales for its Olara condo towers in West Palm Beach in January, with prices starting at $2 million. The developer just scored a $50 million construction loan for the project.