2401 Laguna Travel, Fort Lauderdale with Paloma Partners’ Donald Sussman (Google Maps, Paloma Partners)
Hedge funder Donald Sussman sold a waterfront whole lot in Fort Lauderdale for $17 million to a Texas-based mostly aerospace executive in an off-market place offer.
The Laguna Assets Trust marketed the .7-acre lot at 2401 Laguna Drive to Arrowhead Hillcountry Investments, a Texas LLC managed by Edward J. Chalupa, information present. Chalupa is the president of Advanced Integration Technological know-how, a Plano, Texas-headquartered aerospace corporation.
Sussman is founder and main investment decision officer of Paloma Associates, a hedge fund based mostly in Greenwich, Connecticut. Paloma operates a number of cash catering typically to institutional investors. He is also the ex-partner of billionaire Laurie Tisch, the daughter of Loews Corporation co-founder and namesake of NYU’s Tisch School of the Arts. His daughter Emily Tisch Sussman is a outstanding political strategist for the Democratic celebration.
Sussman also sits on the board of directors for the Centre for American Development.
The Paloma manager acquired the Fort Lauderdale property for $8 million in 2014, according to home data. It sits on a corner large amount in the Harbor Beach front community of Fort Lauderdale.
The home has been stated on-and-off because 2016, with the asking value steadily growing from the preliminary $9.9 million to the $14 million last listed in March, in accordance to the MLS. A earlier listing for the residence exhibits it has 390 toes of drinking water frontage with a recently built dock.
Sussman also owns a 1.4-acre estate he acquired from Florida’s fallen foreclosure king David Stern for $27.5 million in 2015. It held the cost document for Broward County household gross sales until finally this earlier July, when a Harbor Seaside estate established the record at $28.5 million – only to be damaged in quick succession by a spec estate that marketed for $32.5 million in August.
Desire for waterfront assets has sent rates soaring in Fort Lauderdale and across South Florida. In July, a California restaurant owner bought a waterfront mansion for $13 million that experienced previous bought for $7.5 million the calendar year prior.
